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Council Of Ministers Reduces Threshold For Mandatory Independent Audits
Companies subject to mandatory independent audit are determined by the Council of Ministers as per the Turkish Code of Commerce ("TCC") Art.397.
Ersoy Bilgehan
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The Communiqué On De Minimis Regulation In Competition Law Entered Into Force
As our readers may recall from our previous article on the captioned matter, a regulation similar to the "de minimis" (negligibility) principle available under European Union law was accepted withErsoy Bilgehan - Article
Government Aid To Private Theatre Projects Are Revised
There is no doubt that arts and culture has been one of the sectors most affected by COVID-19, as almost all of the events and organizations throughout Turkey and worldwide have either been cancelled or postponed.Ersoy Bilgehan - Article
Government Publishes Exceptions To Restrictions On Distribution Of Profits
Law no. 7244 has very recently introduced a temporary article into the Turkish Commercial Code no. 6102 ("TCC"), setting out restrictions on companies' distribution of their net profits in 2019.Ersoy Bilgehan - Article
New Amendment To Address Reward-Based Crowdfunding And What To Expect
A new omnibus code that amends, amongst others, the Capital Markets Code ("CMC") has been enacted by the Turkish parliament and published in the Official Gazette on 5 December 2017.Ersoy Bilgehan - Article
New Communique Introduced On Notification Obligations For Transfer Of Bearer Shares
As our readers may recall from our previous article dated 21 January 2021, several articles under the Turkish Commercial Code no. 6102 were amended to provide for a notification obligation...Ersoy Bilgehan - Article
Turkey Attempts To Rehabilitate The Economic Climate By Introducing Reforms To The Law On Stamp Duty
The long-awaited Law on the Amendments to Certain Legislations for the Enhancement of the Investment Environment numbered 6728 (the "LEIE") was enacted on 15 July 2016...Ersoy Bilgehan - Article
License Holders Will Need To Submit A Letter Of Guarantee To The Energy Markets Regulation Authority To Obtain National Markers
According to the Regulation, all petroleum products need to contain the national marker, a chemical substance which the licensees are obliged to use for verification of the authenticity of their products.Ersoy Bilgehan - Article
Appeal Court Rules: Right Of Innocent Passage Of Foreign Flag Vessels In Turkish Straits Should Be Respected
It is almost a year since the New Turkish Commercial Code ("TCC") came into force on 1st July, 2012 providing fundamental changes and solutions to problems that caused difficulties in the past.Ersoy Bilgehan - Article
State To Act As Guarantor For Build-Operate And Transfer Projects
The Council of Ministers has recently issued a Regulation on Liability Undertakings to be Performed by the Undersecretariat of Treasury.Ersoy Bilgehan - Article
Ordeal Of The Crew Members: Record Number Of Bunker Smuggling Cases In Turkey
In a bid to eradicate incidents of bunker smuggling, the Turkish Government is taking the strictest anti-smuggling measures pursuant to which the anti-smuggling unitsErsoy Bilgehan - Article
Parliament Enacts The New Law On Pledges Of Movable Property In Commercial Transactions With Minor Amendments On The Draft Law
The Law on Pledges of Movable Property in Commercial Transactions numbered 6750 (the "Law") has been enacted by the Grand National Assembly of Turkey on 20 October 2016...Ersoy Bilgehan - Article
Turkish Parliament Ratifies The Arrest Convention 1999 And The Maritime Liens And Mortgages Convention 1993
The Turkish Parliament has been on a ratifying spree in the past few weeks and has ratified a large number of international conventions that were on the shelf for a long timeErsoy Bilgehan - Article
Ersoy Bilgehan Contributes To The "Crisis Management" Guide Published By IT Global
Our firm has recently contributed to the "Crisis Management: Surviving and thriving in a post-pandemic world" guide published by IR Global...Ersoy Bilgehan - Article
Law Suspending The Procedural Deadlines Is Now Published In The Official Gazette
We have already shared with our readers the details of the precautions implemented to curb the spread of COVID-19 in Turkey. While COVID-19 continues to spread, on 25.03.2020 the Grand National Assembly enacted the Law No. 7226...Ersoy Bilgehan - Article
Mandatory Mediation Now Extended To Commercial Disputes!
As of 1 January 2018, it had been made mandatory to apply for mediation for a number of labour law related disputes, before commencing litigation.Ersoy Bilgehan - Article
Data Protection Law Is Now Fully Effective, The Parliament Elects The First Members Of The Data Protection Board
The Law on the Protection of Personal Data ("Data Protection Law") is fully effective as of today.Ersoy Bilgehan - Article
Final Reminder For Registration Obligations: Data Controllers Have 20 Days To Register
One of the main obligations of the data controllers under the Turkish Personal Data Protection Law ("PDPL") is to register with a publicly available Data Controllers' Registry through an online...Ersoy Bilgehan - Article
New Directive For Safer Pilotage Services
The Directorate General for Maritime Affairs has recently announced a Directive Regarding the Safety of Pilotage Services.Ersoy Bilgehan - Article
New Incentive To Scrap Old Vessels: The Turkish Ministry Takes Steps To Rejuvenate The Turkish Fleet
The Turkish Ministry of Transport and Infrastructure (the "Ministry") has introduced a new regulation (the "Regulation"), which entered into force on 28 April 2021 the purpose of which is to rejuvenateErsoy Bilgehan