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  • Article

    Annual Increase Rate In Housing Lease Agreements Is Limited To 25% In Turkey

    The applicable rent increase rate for the renewed rental period in terms of lease agreements is limited to 25% (twenty-five percent) as per the temporary article added to the Turkish Code...
    TurkeyReal Estate and Construction
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Going Green With New Charging Stations

    The "green charging stations" have been introduced with the Regulation Amending the Regulation on Charging Services (available only in Turkish) published in the Official Gazette dated 17.08.2023.
    TurkeyEnergy and Natural Resources
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Public Offering Thresholds Were Increased

    With the Capital Markets Board Bulletin ["Bulletin"] numbered 2022/74 published by the Capital Markets Board ["CMB"] on December 30, 2022, the monetary amounts stipulated...
    TurkeyCorporate/Commercial Law
    Guleryuz Partners
    Guleryuz Partners
  • Article

    The Application Time-Limit To The European Court Of Human Rights Is Now 4 Months

    Pursuant to the Protocol No. 15 amending the European Convention on Human Rights, the time-limit for the application to the European Court of Human Rights was reduced from 6 months to 4 months, effective as of February 1, 2022.
    TurkeyGovernment, Public Sector
    Guleryuz Partners
    Guleryuz Partners
  • Article

    World Economic Forum Establishes AI Governance Alliance To Ensure Safety In The Use Of Artificial Intelligence

    The World Economic Forum established the AI Governance Alliance, bringing together leaders from diverse sectors such as industry, government, academia and civil society to support the responsible global development and use of transparent and inclusive AI systems.
    TurkeyTechnology
    Guleryuz Partners
    Guleryuz Partners
  • Article

    The European Union's Council Decided To Exclude 7 Russian Banks From SWIFT System

    Following the launch of a military operation against Ukraine by the Russian Federation; EU, US, UK and several other countries began imposing broad economic sanctions against Russia.
    TurkeyInternational Law
    Guleryuz Partners
    Guleryuz Partners
  • Article

    New Decision From BRSA: Turkish Lira Credit Restrictions Have Been Softened

    With the Banking Regulatory and Supervisory Authority's [the "BRSA"] decision numbered 10250 and dated 24 June 2022 [the "Restriction Decision"]...
    TurkeyFinance and Banking
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Debates On Court Fees In The Enforcement Of Foreign Arbitral Awards In Turkey

    The Law of Fees No.492 ["Law No.492"] regulates the fee to be collected in enforcements procedures of international arbitral awards before Turkish courts.
    TurkeyLitigation, Mediation & Arbitration
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Significant Amendments In The Communiqué On Competition Authority's Approval In M&A Transactions

    Significant amendments were introduced to the Communiqué of the Competition Authority on Mergers and Acquisitions Requiring Authorization of the Turkish Competition Board...
    TurkeyAntitrust/Competition Law
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Yargıtay, Kooperatiflerin Tacir Olduğuna Karar Verdi

    1920'lerden bu yana çesitli kanun ve Yargitay kararlarina konu olan kooperatiflerin tacir sifatina iliskin tartismalar, ilk asamada özellikle 1969 tarihli ve 1163 sayili Kooperatif Kanunu ile...
    TurkeyCorporate/Commercial Law
    Guleryuz Partners
    Guleryuz Partners
  • Article

    New Rules In IPO

    The CMB introduced critical amendments to the sale methods and distribution principles to be applied to initial public offering of shares of non-public companies with the publication of its Decision No. i-SPK.128.21 on March 30, 2023.
    TurkeyFinance and Banking
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Turkey Expands Scope Of The FX Payment Prohibition

    The Communiqué No. 2008-32/34 on the Protection of the Value of Turkish Currency was amended by Communiqué No.2022-32/66, and accordingly, a new prohibition...
    TurkeyFinance and Banking
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Remote Identification Services Of Banks Become Available To Legal Entities

    With the Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and Establishment of the Contractual Relationship on Electronic Medium ...
    TurkeyTechnology
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Court Of Cassation Decides Cooperatives Are Qualified As Merchants

    In its Decision, the Court of Cassation reviewed the past and present applicable legislation in order to determine the will of the legislator and made evaluations on whether cooperatives qualified...
    TurkeyCorporate/Commercial Law
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Minimum Amounts For Public Offerings Increased

    According to the Decision, the increased amounts will be applicable in all applications made after December 31, 2023.
    TurkeyFinance and Banking
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Turkish Law Of Transportation Series – IV: Release From Liability Of Logistics Companies In Carriage Of Commodity

    In some cases, the balance of interest is disrupted due to the increase in the ordinary risk undertaken by the carrier.
    TurkeyTransport
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Recent Significant Amendments In The Consumer Protection Law Of Turkey

    The banks required insurance in loans requested by consumers and they usually accordingly imposed an insurance policy on the consumers along with the loan agreement...
    TurkeyConsumer Protection
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Turkish Lira Borrowing Restricted Based On FX-Assets

    With the Banking Regulatory and Supervisory Authority's ["BRSA"] decision numbered 10250 and dated June 24, 2022 ["Decision"], Turkish Lira borrowing by companies, other than banks and financial institutions...
    TurkeyCorporate/Commercial Law
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Landmark Decision By The Turkish Constitutional Court On Sales Transactions Between Spouses

    The phrase "between husband and wife" in Article 278/3 of the Bankruptcy and Enforcement Code No. 2004 ["BEC"] was annulled by the Constitutional Court on March 22, 2022.
    TurkeyGovernment, Public Sector
    Guleryuz Partners
    Guleryuz Partners
  • Article

    Turkish Law Of Transportation Series – III: Liability Of Logistics Companies For The Loss, Damage Or Delay In Delivery

    The main obligation of the transport and logistics companies, i.e., carrier in contracts of carriage is to take the commodity from one place to another and deliver it to the consignee.
    TurkeyTransport
    Guleryuz Partners
    Guleryuz Partners

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