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From 1 January 2016, certain tradesmen, freelancers, farmers and merchants in Turkey must make receipts and payments over TRY 7,000 through an intermediary financial institution.

Turkey has announced requirements for fixed wing aircraft (under 750 kg) and rotating wing aircraft (under 600 kg) which operate in Turkish airspace.

In some cases, the balance of interest is disrupted due to the increase in the ordinary risk undertaken by the carrier.

Wide ranges of studies are being carried out for the improvement of investment environment.

The Turkish Ministry of Trade has issued a new communiqué extending the deadline for joint-stock companies and limited liability companies to meet minimum capital requirements under the Turkish Commercial Code. Companies that previously faced a December 2026 deadline now have until December 2027 to increase their share capital to statutory minimum amounts, with specific thresholds varying by company type and structure.

Usufruct rights are defined as rights of an individual to use and enjoy the property of another, provided its substance is neither impaired nor altered.

The new Turkish Commercial Code (the "TCC") has introduced the "group of companies" concept into Turkish corporate law. Under the TCC, a "group of companies" is formed by (i) a controlling commercial company (i.e. the parent company) and (ii) at least two commercial companies, directly or indirectly, controlled by the parent company.

With the Presidential Decree No. 7887 published in the Official Gazette dated November 25, 2023 and numbered 32380, the minimum capital amounts for joint stock...

Our recent experience in disputes governed by Turkish law shows that parties should be very diligent while drafting guarantee agreements.

A new text was published regarding the criminal liability of the board of directors members which classifies the type of penalties under the following headings: administrative fines, judicial fines and prison sentence.

Nowadays, Business E-mail Compromise, a type of crime as known as corporate e-mail fraud, shows a significant increase all around the world.

Combating bribery can be rather challenging in a different or remote jurisdiction than one's own.

Certain amendments have been introduced to the Communiqué on Commercial Books ("Communiqué") by the Communiqué Amending the Communiqué on Commercial Books...

Turkey has published secondary legislation, outlining further details for a recent law which significantly loosened stamp tax obligations and notary fees for a range of documents.

The new Communiqué of Capital Markets Board regarding the Removal from the Company and The Sale Rights numbered II-27.1 became effective 1 July 2014.

The Law No. 7247 Amending Certain Laws and Decrees published on the Official Gazette dated June 26, 2020 and numbered 31167 ("Law No. 7247")...

A protracted economic depression and COVID-19 restrictions have caused financial pressure in many local and regional companies operating in Turkey.

Many regulations are introduced in order to encourage foreign investors to invest in Türkiye, and one of the regulations to encourage foreign investors to invest in Türkiye is the establishment of a liaison office.