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Debt collection procedures in Turkey can be quite complex and can take a lot longer on average than most EU countries. The complexities arise from the lack of transparency and visibility within the domestic market along with...

The Banking Regulation and Supervision Agency ("BRSA") opened Draft Circular No. 2022/2 on the Criteria for Authentication and Transaction Security in Electronic Banking Services...

Electronic banking in Turkey is becoming widespread in number due to lower operating costs associated with it.

As a member of the FATF, Turkey has tightened its Anti-Money Laundering and Counter-Terrorism Financing regulations, which would affect crypto asset service providers and other financial service providers.

There are three basic types of security that can be created under English law.

The Turkish government has extended its foreign exchange conversion support program, which provides a 3% incentive for companies converting foreign-sourced foreign currency into Turkish Lira. This extension, published in the Official Gazette, aims to continue encouraging businesses to convert their overseas revenues into the national currency through the end of July 2026.

The 2008 global economic meltdown had served as an important wake up call for the global banking industry.

Consumer Loan Agreements are regulated under Articles 22 -31 of the Consumer Protection Law numbered 6502 and entered into force on 28.05.2014 ("Law No.6502").

As per the IFC Law in order to operate in the office area, a participant certificate will be issued to the participants by the Presidential Finance Office.

The Board was established by a Circular numbered 2015/17, published in Official Gazette number 29563 on 15 December 2015 ("Circular").

COVID-19 is a major threat to world economy and the financial sector.

Islamic financing in various forms and shapes is playing an increasingly important role within the overall money markets.

"Leveraged buy-out" is one of the most preferred methods in company acquisitions, especially by acquiring companies, due to its various financial advantages.

Revenue Administration have published the Tax Procedure Law General Communique No. 507 (on Safe Mobile Payment and Electronic Document Management System) on the official gazette of 01 June 2019.

"Project finance fund" and "project-based security" are new and innovative concepts for Turkish capital markets.

Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Media, prepared by the Banking Regulatory and Supervisory Agency, is published in the Official Gazette dated April 1, 2021.

This Legal Alert seeks to provide information regarding the recent amendments to the "Circular on Capital Movements of the Central Bank of the Republic of Turkey".