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  • Article

    COVID-19: Summary Of Financial Support Available To Companies, 27 March 2020

    The COVID-19 outbreak affects our daily, as well as our business life. Many enterprises will need to draw on different means of financial support to manage their...
    TurkeyCoronavirus (COVID-19)
    Gen Temizer Erdogan Girgin Attorney Partnership
    Gen Temizer Erdogan Girgin Attorney Partnership
  • Article

    COVID-19: BRSA Takes New Measures For Credit Transactions

    The Banking Regulatory and Supervisory Authority ("BRSA") has taken new measures regarding the COVID-19 outbreak in its decisions dated March 27, 2020 and nos. 8970 and 8971.
    TurkeyCoronavirus (COVID-19)
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    COVID-19: BRSA Takes New Measures On Risk Calculation

    The Banking Regulatory and Supervisory Authority ("BRSA") has taken a new measure regarding the COVID-19 outbreak in its decision dated April 16, 2020 and no. 8999.
    TurkeyCoronavirus (COVID-19)
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    BRSA Takes COVID-19 Precautions For Credit Defaults

    The 90 days default period for loans to be classified as non-performing loans (NPL) is now 180 days.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Turkish Regulator Eases Covered Bond Issuance For Mortgage Finance Institutions

    In the framework of the precautions announced in the 11th Development Plan for the term 2019-2023 and 2020 Presidency Annual Programme, Capital Markets Board of Turkey...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    New Restriction By BRSA On Turkish Banks' TRY Transactions With Foreign Financial Institutions

    In response to the slowdown of economic growth in Turkey due to Covid-19 Outbreak, Banking Regulation and Supervision Agency of Turkey...
    TurkeyCoronavirus (COVID-19)
    Sadik& Çapan
    Sadik& Çapan
  • Article

    COVID-19: New Precautions For Banking Sector

    The Banking Regulatory and Supervisory Authority (the "BRSA") granted certain reporting exemptions for banks' liquidity requirements through its decision dated March 26, 2020 and numbered 8967.
    TurkeyCoronavirus (COVID-19)
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Asset Ratio Repealed!

    The Banking Regulatory and Supervisory Authority ("BRSA"), with its decision No. 9271 dated November 24, 2020, decided to terminate asset ratio calculations as of December 31, 2020.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Banking Regulation And Supervision Board Decision On Time Extensions Due To COVID-19 Outbreak

    The Energy Market Regulatory Authority (EMRA) published an announcement on 03.04.2020 within the scope of the measures taken against COVID-19 outbreak.
    TurkeyFinance and Banking
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    The Effects Of The COVID-19 Pandemic On Dividend Distributions Of Corporations

    In its letter dated 1 April 2020 and submitted to all chambers and commodity exchanges, the Turkish Union of Chambers and Commodity Exchanges referred to the letter of the Ministry of Trade submitted to it on 31 March 2020.
    TurkeyCoronavirus (COVID-19)
    Bezen & Partners
    Bezen & Partners
  • Article

    BRSA Loosened The Limits Toward Turkish Banks' TRY Transactions With Foreign Financial Institutions

    Since the outbreak of Covid-19 pandemic, Banking Regulation and Supervision Agency of Turkey has introduced certain restrictions toward Turkish banks in response to the slowdown of economic growth in Turkey.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    COVID-19: Short-Term Working Allowance II

    As the 2019 novel coronavirus (COVID-19) continues to spread across the globe, the virus has become a primary concern for employers in Turkey.
    TurkeyCoronavirus (COVID-19)
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Further Clarifications To The Recent Restrictions On The Distribution Of Dividends Amid COVID-19

    The Communiqué on Procedure and Principles of Implementation of Provisional Article 13 of the Turkish Commercial Code No. 6102...
    TurkeyCorporate/Commercial Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Banking Sector Takes Additional COVID-19 Measures

    The Banking Regulatory and Supervisory Authority (the "BRSA") previously issued certain flexibilities on credit defaults in its decision dated March 17, 2020.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Covid-19: Şirketlere verilen Finansal Desteğe ilişkin Özet, 27 Mart 2020

    27 Mart 2020 – COVID-19 salgını hayatımızı etkilemeye devam ediyor, birçok işletme nakit akışını yönetmek ve bu zor dönemde operasyonlarını sürdürmek için kredi temin etmeye çalışıyor.
    TurkeyCoronavirus (COVID-19)
    Gen Temizer Erdogan Girgin Attorney Partnership
    Gen Temizer Erdogan Girgin Attorney Partnership
  • Article

    Provisions Regarding The Turkey Wealth Fund Under The Law No. 7244

    The Law No. 7244 on the Mitigation of the Impacts of the Novel Coronavirus (COVID-19) Outbreak on Economic and Social Life and on the Amendment of Certain Laws ...
    TurkeyWealth Management
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    BRSA And CMB Imposed Restrictions On Derivative Transactions Carried Out With Foreign Parties In Response To Covid-19 Outbreak

    Due to Covid-19 Outbreak, as a measure to protect the financial stability, BRSA and CMB imposed certain restrictions on derivative transactions to be carried out with foreign counterparties.
    TurkeyCoronavirus (COVID-19)
    Sadik& Çapan
    Sadik& Çapan
  • Article

    The CBRT Extends Reserve Requirement Incentives

    The Central Bank of the Republic of Turkey (the "CBRT") amended the Communiqué No. 2013/15 on Mandatory Reserves (the "Amendment").
    TurkeyCoronavirus (COVID-19)
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Which Verticals Are Boosted During Covid-19 Pandemics In The Turkish Business & Start-Up Ecosystem?

    The Mid and long-term pros & cons of Turkish start-ups due to coronavirus are still unclear. However, some are highlighted during the pandemics
    TurkeyCoronavirus (COVID-19)
    Kilic Cayli & Partners
    Kilic Cayli & Partners
  • Article

    Certain Loan Debts Of Tradesmen And Artisans Who Are Aggrieved Due To Covid-19

    The Presidential Decree ("Decree") published in the Official Gazette dated 04.02.2021 and numbered 31385 regulates the procedures and principles regarding the deferral of debts arising...
    TurkeyFinance and Banking
    SRP Legal
    SRP Legal

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