ARTICLE · 02 MARCH 2010

The Legal Framework For Privatization In Turkey

Lachman Simayli & Aykut

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Privatization has been one of the most highly debated issues on the Turkish political scene over the past three decades.

TurkeyGovernment, Public Sector

Lachman Simayli & Aykut

Article by Lachman & Yeniaras Attorneys at Law

Privatization has been one of the most highly debated issues on the Turkish political scene over the past three decades. Although opponents to privatization rigorously argued that the State must render certain services in key industries such as health, steel manufacturing, telecommunications and energy, it is probably more realistic to favor a government focused on the inalienable duties of defense and justice, leaving less strategic industries to the private sector subject to State supervision to ensure fair competition and the rule of law. Beginning in late 80's Turkey witnessed a remarkable series of privatizations as a consequence of the liberalist social-economic approach that prevailed over more conservative voices.

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