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ARTICLE · 22 SEPTEMBER 2020

Turkish Legislators Enable Electronic Execution Of Certain Agreements

ELIG Gürkaynak Attorneys-at-Law
ELIG Gürkaynak Attorneys-at-Law
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ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law is an eminent, independent Turkish law firm based in Istanbul. The...

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The Law No. 7247 Amending Certain Laws and Decrees ("Law No. 7247") was published in the Official Gazette dated June 26, 2020 and numbered 31167.

TurkeyFinance and Banking
Gönenç Gürkaynak
Gönenç Gürkaynak
Büşra Üstüntaş
Büşra Üstüntaş
Nazlı Nil Yukaruç
Nazlı Nil Yukaruç
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  1. General Overview

The Law No. 7247 Amending Certain Laws and Decrees ("Law No. 7247") was published in the Official Gazette dated June 26, 2020 and numbered 31167. The Law No. 7247 introduces many changes, including agreements that may be executed electronically for certain financial transactions. In this article, we will summarize the amendments made to the Banking Law No. 5411 ("Law No. 5411"), the Law No. 5464 on Bank Cards and Credit Cards ("Law No. 5464"), the Law No. 6361 on Financial Leasing, Factoring and Financing Companies ("Law No. 6361"), the Capital Markets Law No. 6362 ("Law No. 6362"), the Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions No. 6493 ("Law No. 6493") for entering into such agreements electronically.

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