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  • Article

    The Decision Of The Court Of Cassation Of The Unification Of Judgments Holding That The Maturity Date On Time-Barred Bond Cannot Be Used As The Basis Of Default

    According to Turkish Commercial Code No. 6102 ("TCC"), negotiable instruments are such documents that the right they contain cannot be claimed separately from the document.
    TurkeyLitigation, Mediation & Arbitration
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Term And Prescription Of Letters Of Guarantee

    Letters of guarantee have come to prominence with the increase in the variety and size of commercial transactions
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Dismissal Of Tax Penalties

    Payment is the first reason for the dismissal of tax penalties.
    TurkeyTax
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Consent To Arbitrate In Investment Arbitration

    Arbitration is an alternative dispute resolution method based on consent of the parties, regardless of whether it is a commercial or investment arbitration.
    TurkeyLitigation, Mediation & Arbitration
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Limited Corporations under Turkish Commercial Code Numbered 6102

    The New Turkish Commercial Code Numbered 6102 ("New TCC") and the Act numbered 6103 on the Entry into Force and Application of the Turkish Commercial Code.
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Regulation On Notification Via Electronic Means

    The Regulation on Notification via Electronic Means which regulates procedures and principles of the notifications served via electronic means entered into force through publication in the Official Gazette dated January 19, 2013 and numbered 28533.
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Law Numbered 6361 On Financial Leasing, Factoring And Financing Companies

    The Financial Leasing Law, dated 10.06.1985 and numbered 3226, and the By-Law Regarding Money Lending Activities, dated 30.09.1983 and numbered 90, with its appendices and amendments are abrogated by the Law on Financial Leasing, Factoring and Financing Companies, dated 21.11.2012 and numbered 6361 (the "Law No. 6361" or the "Law").
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Liability Of The Representative Of A Legal Entity Board Member In A Joint Stock Company

    Pursuant to Turkish Commercial Law No. 6762, legal entities could not be elected to serve as a member of the board of directors in a joint stock company.
    TurkeyTax
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Expected Second Half Of Competition Authority's 12 Banks Decision

    One of the most important determinations of the Council of State's Decision concerns responsibility under private law.
    TurkeyAntitrust/Competition Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Tüpraş Decision And The Rebate Systems

    The Competition Board has evaluated whether Türkiye Petrol Rafinerileri A.Ş. abused its dominant position through its turnover premium rebate system in accordance with Art. 6 of Act No. 4054...
    TurkeyAntitrust/Competition Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Dissolution And Liquidation Of Joint Stock Companies

    The New Turkish Commercial Code numbered 6102 entered into force on July 1, 2012 with the amendments made by the Law on Amendment of the Turkish Commercial Code and the Law on Entry into Force and Application of Turkish Commercial Code.
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Freight Forwarder Contract Under Turkish Law

    A freight forwarder is one of the indispensable actors of carriage that emerges within the framework of this need.
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Related Party Transactions Under Capital Markets Legislation

    A general rule for executing a related party transaction is determined under Art. 17/3 of the Capital Markets Law No. 6362.
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Prominence Of Sukuk In Turkey As An Islamic Finance Instrument

    Turkey’s first regulation for Islamic Finance was realized during the 1980s, during a period of liberalization as part of a plan to attract foreign direct investments.
    TurkeyFinance and Banking
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Certain Amendments Projected For The Code On Pledges Of Movables In Commercial Transactions

    The "Draft Law on Amendment to Certain Laws for the Improvement of the Investment Environment" has been prepared by the General Directorate of Laws and Decisions of the Turkish Republic Prime Ministry, and ...
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Enforcement Of Arbitral Awards Set Aside At The Seat Of Arbitration

    The enforcement of arbitral awards is a very important last step that follows the arbitration proceedings.
    TurkeyLitigation, Mediation & Arbitration
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Representation Within The Frame Of Turkish Code Of Obligation

    According to article 40 of TCO, the consequences of a legal proceeding issued in the name and on behalf of principal by an authorized representative shall bind the principal directly.
    TurkeyCorporate/Commercial Law
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    An Important Decision Of The Assembly Of Civil Chambers Of The Court Of Cassation Regarding The Principle Of Legal Security

    In a lawsuit regarding receivables by an employee from his employer, the court of first instance accepted the case by ruling that the employment agreement was not terminated with just cause.
    TurkeyLitigation, Mediation & Arbitration
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Key Amendments To Regulation On Licensed And Unlicensed Electricity And New Regulation On Renewable Energy Zones

    Through amendments introduced since last year to the Electricity Market License Regulation and the Regulation on Unlicensed Electricity Generation on Electricity Market followed by the new Regulation...
    TurkeyEnergy and Natural Resources
    Erdem & Erdem Law
    Erdem & Erdem Law
  • Article

    Regulation On Renewable Energy Resource Areas Entered Into Force

    This newsletter article examines the provisions of the Regulation in question.
    TurkeyEnergy and Natural Resources
    Erdem & Erdem Law
    Erdem & Erdem Law

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