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ARTICLE · 24 FEBRUARY 2009

The Turkish Update, 4th Quarter 2008

Güner Law Office
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This is the Fourth Quarter 2008 edition of our email news service – The Turkish Update. This edition provides concise summaries of sector specific legal developments in Turkey through October, November and December 2008 and includes brief articles on current “Hot Topics” in Turkish law.

TurkeyFinance and Banking
Guner Law Office
Guner Law Office

This is the Fourth Quarter 2008 edition of our email news service – The Turkish Update. This edition provides concise summaries of sector specific legal developments in Turkey through October, November and December 2008 and includes brief articles on current "Hot Topics" in Turkish law.

PART 1 - LEGAL DEVELOPMENTS

Banking And Finance

Legal measures for encouraging foreign savings/ investments to be brought into Turkey: The relevant law was published on 22 November 2008, and a Communiqué implementing the law was published on 6 December 2008. The law and the Communiqué:

  • set up procedures to enable real persons and legal entities to bring cash, foreign exchange, gold, securities and other capital market instruments held abroad into Turkey; and

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