Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 17 OCTOBER 2019

Recent Amendments To Law On Movable Pledges In Commercial Transactions

Acar & Ergönen Attorney Partnership
Acar & Ergönen Attorney Partnership
Contributor
Acar & Ergönen Attorney Partnership

Acar & Ergönen Attorney Partnership

Acar & Ergönen is a law firm providing domestic and international clients with creative and...

View firm profile
Explore more from Acar & Ergönen Attorney Partnership

The Law amending Certain Laws to Improve the Investment Environment 7099 (the Amendment Law) was published in the Official Gazette on 10 March 2018.

TurkeyWealth Management
Asli Tezcan
Asli Tezcan
Duygu Acar Yücesoy
Duygu Acar Yücesoy
Author LinkedIn connections

The Law amending Certain Laws to Improve the Investment Environment 7099 (the Amendment Law) was published in the Official Gazette on 10 March 2018. In order to boost Turkey's investment environment, the Amendment Law has introduced notable changes to a number of different laws, including the Law on Movable Pledges in Commercial Transactions (the Movable Pledges Law). This update briefly examines the amendments to the Movable Pledges Law.

Amendments

The amendments to the Movable Pledges Law include the following:

  • Previously, it was mandatory in pledge agreements to state the pledged movable and its distinctive characteristics (eg, serial number, brand or year of production). Following the amendments, where a movable has no distinctive characteristics, this can be stated in the pledge agreement in general terms.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Details And Assessment Regarding The Communiqué On Banks' Green Asset Ratio Calculation

The Communiqué on the Calculation of the Green Asset Ratio of Banks (the "Communiqué"), published in the Official Gazette dated 11 April 2025 and numbered 32867, sets out the procedures and principles regarding the calculation and reporting of the green asset ratio and other key performance indicators designed to measure banks' contributions to the financing of environmentally sustainable economic activities.
TurkeyWealth Management
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
Article

High Council For The Protection Of Cultural Assets Principle Decision Published In The Official Gazette

The Principle Decision No. 4032 on the Implementations on Adjacent Parcels of Immovable Properties Registered as Cultural Assets Requiring Protection Located Outside Conservation Areas and Whose Protection Zones Have Not Yet Been Determined (“Principle Decision”), adopted at the meeting of the High Council for the Protection of Cultural Assets (“High Council”) dated 26.02.2026 and numbered 133, was published in the Official Gazette dated 10.03.2026 and numbered 33192.
TurkeyWealth Management
Ozbilen Aykut Attorneyship
Ozbilen Aykut Attorneyship
Article

Kültür Varliklarini Koruma Yüksek Kurulu İlke Karari Resmi Gazete'de Yayimlandi

Kültür Varlıklarını Koruma Yüksek Kurulu ("Yüksek Kurul")'nun 133 sayılı ve 26.02.2026 tarihli toplantısında alınmış olan 4032 sayılı Sit Dışında Yer Alan Ve Korunma Alanları Henüz Belirlenmemiş Korunması Gerekli Kültür Varlığı Olarak Tescilli Taşınmazların Komşu Parsellerindeki Uygulamalara İlişkin İlke Kararı ("İlke Kararı"), 10.03.2026 tarih ve 33192 s
TurkeyWealth Management
Ozbilen Aykut Attorneyship
Ozbilen Aykut Attorneyship
Article

Secure Payment System In Real Estate Sales: What The New Regime Brings And The Implementation Timeline

Turkey introduces a mandatory Secure Payment System for real estate transactions, requiring sale prices to be held in blocked bank accounts until title transfer is complete. The system aims to eliminate risks of cash handling, counterfeit money, and under-declared prices while ensuring simultaneous exchange of property title and payment. Implementation has been postponed to December 1, 2026, pending completion of technical infrastructure between land registry authorities and banking institutions.
TurkeyReal Estate and Construction
Acar & Ergönen Attorney Partnership
Acar & Ergönen Attorney Partnership
Article

Mandatory Electronic Notification Under The Tax Procedure Law: The Constitutional Court Decision And The New Regime Introduced By Law No. 7587

The Turkish Constitutional Court's annulment of the Ministry's authority to determine electronic notification obligations under the Tax Procedure Law has prompted legislative reform through Law No. 7587. This analysis examines how the new statutory framework addresses constitutional concerns by directly specifying mandatory participants while preserving the electronic notification system's core operational features. The article traces the evolution from ministerial discretion to parliamentary specification
TurkeyTax
Acar & Ergönen Attorney Partnership
Acar & Ergönen Attorney Partnership
Article

Deadline For Joint Stock And Limited Liability Companies To Increase Their Capital To The New Minimum Requirements Extended

The Turkish Ministry of Trade has issued a new communiqué extending the deadline for joint-stock companies and limited liability companies to meet minimum capital requirements under the Turkish Commercial Code. Companies that previously faced a December 2026 deadline now have until December 2027 to increase their share capital to statutory minimum amounts, with specific thresholds varying by company type and structure.
TurkeyCorporate/Commercial Law
Acar & Ergönen Attorney Partnership
Acar & Ergönen Attorney Partnership
Article

Amendment To The Regulation On Remote Working: Contractual Certainty In Hybrid Working Arrangements

Turkey's amended Remote Working Regulation now mandates that hybrid employment contracts explicitly specify which days employees work on-site versus remotely, along with precise working hours. This legal alert examines the practical implications for employers, including contractual review requirements, overtime tracking obligations, and compliance considerations under Labour Law No. 4857.
TurkeyEmployment and HR
Acar & Ergönen Attorney Partnership
Acar & Ergönen Attorney Partnership
Article

Board's Principle Decision On Discontinuing The Practice Of Copying Guests' Identity Documents In The Tourism And Hospitality Sector

The Personal Data Protection Board ("Board") adopted the "Principle Decision on the Recording of Photocopies of the Republic of Türkiye Identity Cards of Persons Receiving Accommodation Services in the Tourism and Hospitality Sector" ("Decision") on 6 November 2025, and the Decision was announced by being published in the Official Gazette dated 9 December 2025 and numbered 33102.
TurkeyPrivacy
Acar & Ergönen Attorney Partnership
Acar & Ergönen Attorney Partnership