We set out below a table containing brief notes on some ongoing and potential legislative acts which, if completed in 2009, should help to modernise Turkish legislation and improve the overall investment environment.

In this webinar, we will be providing our audience with helpful and practical legal information and guidance on the remote working from Turkey.

The Council of Ministers’ Decree on Determination of the Companies subject to Independent Audit has been amended on 14 March 2014.

On December 27, 2024, the "Regulation on Administrative Fines to be imposed for Agreements, Concerted Practices and Decisions Restricting Competition and Abuse of Dominant Position" ("Regulation") entered into force.

The capital gain taxation has always been an issue of concern for those who wish to transfer their shares in a company with the benefit of tax exemptions.

In response to predicted power supply shortfalls and rising oil prices Turkey has decided on the nuclear power option.

The explosion seen in the use of project finance techniques all around the world in the late 1980s and 1990s, has meant people are tempted to regard the financing of projects on a limited or non-recourse basis, as a relatively novel concept. This is far from true.

A. The Regulation on the Procedures and Principles Regarding the Execution of Title Deed Transactions Outside the Authority Area and in Case the Parties are Located in Different Units has been Published!

People involved in the media sector in Turkey have been clamouring for change in the current broadcast media legislation (to reflect recent rapid technological changes and to provide a foreign investor-friendly legislative environment) for some time now.

On January 2, 2025, the Personal Data Protection Authority ("KVKK") published the Guidelines on the Transfer of Personal Data Abroad ("Guidelines"), which guides the implementation of the legislation on the transfer of personal data abroad.

The law governing Turkish Insolvency procedures known as the Execution and Bankruptcy Law (the EBL) ("Icra Iflas Kanunu") has in previous years been amended twice and has introduced new procedures for ailing companies. In this article, we will take a look at these procedures.

In this article you may see below our brief notes, in Q&A format, on the limits of the management right of the employer which is one of the most discussed topics of the employment law.

Capital reduction is a significant corporate mechanism under Turkish law, employed by companies to realign their financial structure. Among its strategic uses, reducing capital to offset accumulated past losses.

As mentioned in our article “Groundbreaking telecom law to come into effect in May 2009” (which was published in the Last Quarter 2008 Edition of The Turkish Update), some of the changes considered by the groundbreaking Electronic Communication Law No.5809 (the Law) which was published in the Official Gazette on 10 November 2008 need implementation through secondary legislation.

Law No. 1567 on Protection of Turkish Currency (the Law) came into effect on 25 February 1930.

This is the January 2008 Edition of our email news service – Turkish Update – which is issued every two months.

The new mortgage law in Turkey sets new standards for the housing finance system and introduces new capital market instruments.The lack in Turkey of a proper housing finance system, and the consequential high occurrence of irregular and unqualified housing in the country has forced the Turkish government to take action.

A foreign creditor has the right to initiate a lawsuit or an enforcement proceeding against a debtor in Turkey even if there is no reciprocal agreement between Turkey and the creditor's own jurisdiction.

A foreign creditor has the right to start a lawsuit or an enforcement action against a debtor in Turkey even if there is no reciprocal agreement between Turkey and the creditor’s own jurisdiction.

The envisaged modification on the Law No. 5651 on the "Internet Law" is one of the most publicly debated topics in Turkey.