Franchising is defined as a long term and continuous business relation based on the utilization of a system and brand of a system or royalty owner by independent investors, for a certain period and under certain conditions for a certain amount.

Petroleum as one of the energy resources has great importance in human lives. Almost every sector in an economy directly or indirectly depends on petroleum.

On July 20, 2016, a new appeal procedure has entered into force in Turkey with respect to the relevant articles laid down by the Turkish Civil Procedure Code, named as "İstinaf Mahkemeleri" in Turkish.

The new Turkish Commercial Code numbered 6102 (the "New TCC") was promulgated in the Official Gazette on February 14, 2011 and has entered into force as of July 1, 2012.

Since aircrafts are high priced, airlines usually prefer different financing methods than payment for their fleet in cash.

Real estate law has been regulated within the Civil Code according to the Turkish regulations.

Interest payments in Turkey is governed by the Code on Legal Interests and Default Interests dated 4 December 1984 law numbered 3095 and Code of Obligations and Turkish Commercial Code.

In Turkey incentives and feed-in tariffs are provided to producers pursuant the Law on Use of Renewable Energy Sources for Electricity Production numbered 5346 and the Law on Electricity Market and other related legislation.

Joint ventures with the participation of foreign shareholders became very popular in Turkey, especially after the late 1980s.

Owing to the developments particularly in the telecommunication technologies and transport since last century, more products are being demanded by customers in other countries than their place of manufacture.

The subject of Capital Markets Law dated 30 July 1981 and numbered 2499 (hereinafter "Capital Markets Law") is to regulate and control the secure, transparent and stable functioning of the capital market...

Mergers and Acquisitions ("M&A") is defined as the combining of two or more companies or buying-selling or dividing of two or more companies as a part of corporate finance in order to grow rapidly in business field of activity.

The phrase "piercing the corporate veil" is a metaphor to describe the cases in which a court refuses to recognize separate existence of a corporation despite compliance with all the formalities for the creation of a de jure corporation.

This publication has been prepared solely for the purpose of providing a general overview on the investment climate, business types and the respective legal regulations applicable in Turkey.

Turkish Passport Visa Free Countries 2022...