In Turkish Law, simulated transaction means that the transaction is void; in other words, it does not bear any legal consequences.

Within this scope, under the TCO, in both commercial and regular loans, interest is allowed.

In financing transactions, creditors, especially commercial banks, aim for repayment of loans through the smoothest manner possible.

As known, groups of companies were not regulated under the former Turkish Commercial Code numbered 6267.

Football's economic growth, astronomical transfer fees, and neglected youth development seem to be considered not only by us but also the UEFA.

The Report intends to provide balanced approaches for both common law and civil law jurisdictions and, therefore, does not list resolutions for universal application.

We will assess the establishment, functioning, and appellate procedure against the decisions of the civil courts of first instance within the scope of this Newsletter.

The Regulation on Distance Contracts has been recently promulgated in the Official Gazette dated 27 November 2014 and numbered 29188 pursuant to the Law on Protection of Consumers No. 6502.

Establishments, institutions, and businesses that may cause environmental problems via their activities, are obliged to obtain Environmental Impact Assessment ("EIA") Reports, or prepare project description files.

The two main significant pieces of legislation governing international anti-corruption enforcement are the US Foreign Corrupt Practices Act ("FCPA") and the UK Bribery Act 2010 ("BA 2010").

As part of the innovations brought by the Turkish Commercial Code No. 6102, regulations on corporate transparency are increased.

The scope of the obligations under the Management Communiqué includes the institutions established as per, or subject to, the Capital Markets Law.

Article 16 entitled "Administrative Fine" of the Act on the Protection of Competition No. 4054 ("Competition Act") regulates fines for undertakings, associations of undertakings and employees and/or administrators of such undertakings or associations of undertakings, who engage in anti-competitive activities banned under Articles 4, 6 and 7 of the Competition Act.

There is no specific provision in the capital markets legislation related to when ordinary general assembly meetings should be held by public companies subject to the Capital Markets Law No. 6362.

Provisions of the New Turkish Commercial Code ("New TCC") concerning the Board of Directors ("BoD") are found among the provisions that have been significantly modified.

The New Turkish Code of Obligations numbered 6098 ("TCO") which has entered into force on 01.07.2012 regulates security agreements in article 581 and following articles.

A temporary employment relationship is a tool for employers in dealing with the fluctuations in workforce and production demands, and is a utility to increase staffing opportunities for employees.

Expert evidence in international arbitration is a source of evidence widely used, both in terms of party-appointed experts and independent experts.

As a consequence, the payment capacity of the MoH has become a critical factor to determine bankability of the PPP project.

The Competition Authority announced the outcome of the recently finalized "Cinema Services Sector Report" to the public.