ArticleRegulatory Updates In Turkish Capital Markets - December 2018Recent regulatory changes adopted by the Capital Markets Board ("CMB") are summarized below:TurkeyFinance and BankingEryurekli Law Office
ArticleTurkey's Banking Regulator Amends Loan Classifications and Provision Requirements, Plus Method for Calculating Bank EquityTurkey's Banking Regulation and Supervision Agency has made a series of regulatory amendments to loan classifications, provisions to be reserved for loans, as well as methods for calculating bank equity. TurkeyFinance and BankingMoroglu Arseven
ArticleTurkish Constitutional Court: Bank Holding The Pledge Until The Repayment Of Other Debts, Despite The Full Repayment Of The Debt On Mortgage, Violates The Property RightThe Constitutional Court ruled that the applicant's property right was violated due to the fact that the mortgage placed on the applicant's immovable in order to secure the loan of the debtor was not cancelled on the grounds that ...TurkeyFinance and BankingMoroglu Arseven
ArticleWarrants LaunchedA warrant, in its general sense, is a security that entitles the holder to purchase or sell a specific number of shares from a company at a particular price, the so-called exercise price, within a certain term according to the terms of the issue. TurkeyFinance and BankingHergüner Bilgen Üçer Attorney Partnership
ArticleA Quick Peek on the Novation or Assignment of Leases at a GlanceUnder Turkish law, cross-border financial lease agreements must be registered by the Association of Financial Leasing, Factoring and Financing Companies ("Association").TurkeyFinance and BankingSerap Zuvin Law Offices
ArticleCourt Of Cassation Decisions Regarding The Scope Of The Application Of Article 138 Of The Turkish Code Of Obligations Of Indebtedness In Foreign CurrenciesTurkish Code of Obligations No. 6098 that entered into force on 01.07.2012 has a provision entitled "hardship," which was not found in the former Code of Obligations No. 818. TurkeyFinance and BankingErdem & Erdem Law
ArticlePension Funds And Investment Funds Can With Fewer Restrictions Invest In Asset And Mortgage-Backed SecuritiesThe Regulation Amending the Pension Funds Regulation ("Amendment Regulation"), and the Communiqué Amending the Communiqué on Principles of Investment Funds ("Amendment Communiqué"),...TurkeyFinance and BankingMoroglu Arseven
ArticleA Liberal Perspective For Public Offerings, 15 January 2010, Legal Alert by Eryürekli Law OfficeCapital Markets Board of Turkey ("CMB") has announced Draft Legislations on principles of stock offerings and methods for sales of securities.TurkeyFinance and BankingEryurekli Law Office
ArticleJudicial Shift In Precedent Regarding Revenue-Sharing Construction Contracts: The Principle Of Reliance On The Land Registry Reinforced The Turkish Court of Cassation has issued a landmark decision reinforcing the principle of reliance on the land registry.TurkeyReal Estate and ConstructionGen Temizer Erdogan Girgin Attorney Partnership
ArticleThe Court Of Cassation Decision Dated 13.02.2013 And Numbered 2012/14777 E. 2013/2711 K. Concerning The Validity Of The Suretyship Commitment Within The Framework Of General Transaction TermsWhile formulating their loan agreements, banks ensure a third party to provide a mortgage on an immovable property of his/her own, in favor of the bank.TurkeyFinance and BankingErdem & Erdem Law
ArticleDraft Commercial Code Still Pending - But Help Is On The WayThe Turkish Commercial Code (the “TCC”) was enacted in 1956, and governs commercial transactions, as well as the establishment and governance of capital stock companies and sole proprietorships. TurkeyFinance and BankingHergüner Bilgen Üçer Attorney Partnership
ArticleCase Review: Istanbul Regional Court Of Justice Decided On The Collection Of Demurrage Fee Arisen From Non-Delivered GoodIn a dispute, where the parties argue on the time bar applicable to the demurrage fee and who is responsible for such fee if the goods were not delivered, by shedding light on a highly debated matter, ...TurkeyTransportGoksu | Aydin Attorneys at law
ArticleMisleading Procedures Are No Solution In The Distribution Of Interim Dividends In Closed CompaniesCollecting dividends is one of the major and fundamental rights granted to shareholders of capital stock companies (i.e. limited liability partnerships and joint stock corporations). TurkeyFinance and BankingHergüner Bilgen Üçer Attorney Partnership
ArticleMortgageEnsuring the debt security is one of the main fundamentals under the modern-day economical transactions. TurkeyFinance and BankingBaspinar & Partners
ArticleShip Hypothéque Under Turkish LawShips are suitable assets to be a subject of security, due to their economic values. Ship hypothéque is preferred as a security to a required loan, especially in the financing of ship building and sale. TurkeyFinance and BankingErdem & Erdem Law
ArticleTurkey's Journey, From Ratification to the Implementation of The Cape Town Convention: Turkey is on The Cape Town List!The Cape Town Convention on International Interests in Mobile Equipment ("CTC") is a multinational convention intending to harmonize and standardize transactions, involving certain movable assets.TurkeyFinance and BankingSerap Zuvin Law Offices
ArticleShare Transfers in Capital Companies: Issues to Re-considerMost purchasers’ main objective in a company acquisition is taking over the absolute control of the target company with minimum liability. GlobalFinance and BankingAkdogan Uslas Attorneys at Law
ArticleDraft Commercial Code Still Pending - But Help Is On The WayThe Turkish Commercial Code (the "TCC") was enacted in 1956, and governs commercial transactions, as well as the establishment and governance of capital stock companies and sole proprietorships.TurkeyFinance and BankingHergüner Bilgen Üçer Attorney Partnership
ArticleTurkey Extends Credit Card Instalment Periods And Maximum Length Of Certain Consumer LoansThe maximum maturity period for consumer loans has also increased from 36 months to 48 months.TurkeyFinance and BankingMoroglu Arseven
ArticleBulletin On The Rescript On The Procedures And Principles Regarding The Collateral Issuance Of Capital Markets InstrumentsRescript on the Procedures and Principles Regarding the Collateral Issuance of Capital Markets Intruments that based on Article 31/B of the Capital Market Law dated 06.12.2012 and numbered 6362,...TurkeyFinance and BankingMiran Legal