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The minimum capital requirement amounts were increased effective January 1, 2024, as stipulated by the Presidential Decision published in the Official Gazette dated November 25, 2023 ("Decision")[1].

The Communiqué Amending the Communiqué on Compliance with Interest-Free Banking Principles and Standards together with the Communiqué on Procedures and Principles regarding Informing Customers and the Public ...

Under the phrase set out in Article 48(6)(d) of the LPC, operators of electronic commerce marketplaces acting as intermediary service providers were exempted from liability for the exercise of consumers’ alternative rights in respect of defective goods as regulated under Article 11 of the LPC — even where such operators collected payment on behalf of the seller or supplier.

In recent years, with the increase of global economic integration and the acceleration of liberalization in international trade and financial activities; countries that can be categorized as...

The 2024 FATF Decision on Türkiye is capable of presenting a new pathway for foreign direct investments to Türkiye.

The recently revamped New Turkish Penal Code (TPC) entered into force on 1 June 2005, mainly as a result of Turkey’s efforts to harmonize its legislation with that of the European Union.

Foreign investors have been allowed to acquire Turkish citizenship exceptionally via Article 12 of the Turkish Citizenship Law No. 5901.

In recent years, situations have often occurred in which the activities of stock companies have caused losses, companies have become submerged in debt due to the mobility of the exchange rate...

The Regulation on Internal Systems of Insurance and Private Pension Sectors and the scope of liabilities regarding internal systems are revised to include special institutions operating in the insurance and private pension sectors ...

Data privacy compliance is business-critical for mergers and acquisitions (M&A), as the significant disclosure and transfer of personal data between the buyer and target company require...

Kişisel verilerin korunması ile alakalı tüm Dünya'da son yıllarda hızlı bir ilerleme kaydedilmiştir.

The amount to be transferred is limited to 20,000,000 TRY on annual basis.

Significant tax amendments on the following were made by the Law numbered 7417 on the Amendment of Public Personnel Law, Certain Laws and Decree Law Numbered 375 ("Law")...

While exclusive distribution contracts are not controlled by laws or rules with the law of made by a government, they are noticeable legal documents of the commercial life and take a part of competition practice law within its feature of exclusive right to sell.

Am 4. März 2022 wurde das Kommuniqué Nr. 2022/2 (das "Kommuniqué") zur Änderung des Kommuniqué Nr. 2010/4 über Fusionen und Übernahmen veröffentlicht.

While the articles of association of joint-stock companies may provide for certain provisions regarding the withdrawal of shareholders from the partnership, this option may not always be sufficient or feasible. Article 531 of the Turkish Commercial Code No. 6102 (“TCC”) provides a significant protective mechanism for minority shareholders in such situations.

Buy-outs of family/private firms represent a significant part of the overall buy-out market in Turkey.