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  • Article

    Turkish FX Laws: Capital Movements Circular Amends FX Earnings Statements For FX Loans

    The Central Bank of the Republic of Turkey introduced an amendment to the Capital Markets Circular concerning foreign exchange earnings statements on September 4, 2020.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Utilization Foreign Currency Loans From Abroad Or Turkey To Be Used İn Investments In Relation To Renewable Energy Resources Has Been Included In The Scope Of Exception

    With the enforcement of the new regulation, Turkish residents with no foreign currency income are prohibited from making foreign currency loans, either from abroad or from within Turkey.
    TurkeyFinance and Banking
    Ozogul Yenigun & Partners
    Ozogul Yenigun & Partners
  • Article

    Yeniden Değerleme Orani 2024 Yili Için % 43,93 Olarak Belirlenmiştir

    27 Kasım 2024 tarihli ve 32735 sayılı Resmî Gazete'de Hazine ve Maliye Bakanlığı (Gelir İdaresi Başkanlığı)'nca yayımlanan 574 Sıra No.lu VUK Genel Tebliği ile yeniden değerleme oranı 2024 yılı için...
    TurkeyFinance and Banking
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    New Commercial Code In Turkey

    The Grand National Assembly of Turkey enacted the draft Commercial Code on January 12, 2011.
    TurkeyAntitrust/Competition Law
    Moroglu Arseven
    Moroglu Arseven
  • Article

    Construction Contract And Project Finance

    The construction contract in an international project financing serves to give the project company a fully completed and equipped facility.
    TurkeyCorporate/Commercial Law
    Herdem Attorneys at Law
    Herdem Attorneys at Law
  • Article

    New Market Structure Of Borsa Istanbul

    Borsa Istanbul ("BIST") issued an announcement ("Announcement") on September 17, 2020 about changes to the market structure of the Borsa Istanbul Equity Market, which will create market liquidity.
    TurkeyCorporate/Commercial Law
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Public Offering Thresholds Were Increased

    With the Capital Markets Board Bulletin ["Bulletin"] numbered 2022/74 published by the Capital Markets Board ["CMB"] on December 30, 2022, the monetary amounts stipulated...
    TurkeyCorporate/Commercial Law
    Guleryuz Partners
    Guleryuz Partners
  • Article

    CIRCULAR Number 4 - Explanations Regarding The Amendment Introduced In The Incom

    TurkeyEmployment and HR
    Arthur Andersen
    Arthur Andersen
  • Article

    New Era In Foreign Exchange ("FX") Payment Ban: Exceptions For Foreign Trade Contracts!

    The Communiqué No. 32/34 on the Decree No. 32 on the Protection of the Value of the Turkish Currency ("Communiqué") is amended by the Ministry of Treasury and Finance ("Ministry") through the Official
    TurkeyInternational Law
    KECOS
    KECOS
  • Article

    Yeniden Değerleme Orani 2022 Yili İçin % 122,93 (Yüz Yirmi İki Virgül Doksan Üç) Olarak Tespit Edilmiştir

    24 Kasım 2022 tarihli ve 32023 sayılı Resmî Gazete'de Hazine ve Maliye Bakanlığı (Gelir İdaresi Başkanlığı)'nca yayımlanan Vergi Usul Kanunu Genel Tebliği...
    TurkeyTax
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Central Bank Of Turkey General Directorate Of Payment Systems And Financial Technologies Department Published Data Sharing Services API Principles For Payment Services And Rules

    Data Sharing Services API Principles for Payment Services ("Guide") was published on 16 February 2022 by the Central Bank of Turkey General Directorate of Payment Systems and Financial Technologies.
    TurkeyTechnology
    Moroglu Arseven
    Moroglu Arseven
  • Article

    A General Letter Regarding The KVHS Data Reporting System Has Been Published By The Capital Markets Association Of Türki̇ye

    With the letter dated 06.02.2026 addressed to the Turkish Capital Markets Association (TCMA), the CMB notified the duties and responsibilities of CASPs within the scope of the "Action Plan on Combating Illegal Betting...
    TurkeyFinance and Banking
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    A New Year's Gift For Turkish Banks: Effectiveness Of The Regulation For Disclosure Of Information Postponed

    "The Regulation for Disclosure of Confidential Information" (the "Regulation") was published in the Official Gazette No. 31501 dated June 4, 2021
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Amendments Introduced To The Financial Leasing Law

    The amendments to the Law No. 6361 on Financial Leasing, Factoring and Financing Companies ("Law No. 6361") entered into force by publication in the Official Gazette No. 31416 on March 7, 2021 with the Law no. 7292.
    TurkeyFinance and Banking
    Dikici Law Firm
    Dikici Law Firm
  • Article

    Amendments To The Communique On Procedures And Principles Regarding The Fees That Banks Can Charge Their Commercial Clients

    Pursuant to the newly legislated Communiqué No. 2020/11, the matters, which are out of the Communiqué No. 2020/4's scope, have been expanded.
    TurkeyFinance and Banking
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Amendments To The Communiqué On Payment Services And Electronic Money Issuance And Payment Service Providers

    With the Communique published on the Official Gazette dated 25.11.2022 and numbered 32024, some amendments have been made on the previously published Communique with regards to the information systems of payment and electronic money institutions ...
    TurkeyFinance and Banking
    CottGroup
    CottGroup
  • Article

    An Alternative Financing Tool: Convertible Bonds

    Given the current macroeconomic outlook and the solid impacts of COVID-19 on the Turkish market, it has become much harder for Turkish companies to satisfy their financing needs by accessing...
    TurkeyFinance and Banking
    Kolcuoglu Demirkan Koçakli
    Kolcuoglu Demirkan Koçakli
  • Article

    Banking By Videotelephony? New Regulation For Identifying New Clients Of Financial Institutions

    With the development of adequate technology and the acceleration of distance engagement in various sectors due to the ongoing COVID-19 pandemic, Turkey has been implementing new laws to set the legal infrastructure for actions ...
    TurkeyFinance and Banking
    Ersoy Bilgehan
    Ersoy Bilgehan
  • Article

    BDDK'dan Finansal Yapılandırmaya İlişkin Yeni Düzenlemeler

    Bankacılık Düzenleme ve Denetleme Kurumu ("BDDK") Kredilerin Sınıflandırılması ve Bunlar İçin Ayrılacak Karşılıklara İlişkin Usul ve Esaslar Hakkında Yönetmelik'te ("Yönetmelik")...
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    BRSA's New Regulations On Financial Restructuring

    The Banking Regulation and Supervision Agency ("BRSA") introduced amendments to the Regulation on the Procedures and Principles Regarding the Classification of Loans and Provisions to be Set Aside...
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership

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