Publications

Differences between Joint Stock and a Limited Liability Companies in Turkey

The following are some of the most important differences between a Joint Stock Company and a Limited Liability Company under Turkish laws : • There is no minimum or maximum number of sh...

Comment réussir un arbitrage en Turquie ?

Les avocats de contentieux le savent bien : les 3 facteurs de réussite d'une instance sont : 1. préparation, 2. préparation, 3. préparation. Les spécialistes de l'arbitrage interna...

Arbitration lawyers in Turkey

Turkey's status among "world's most growing economies" brought along the need to modernize the law system. For drawing the foreign investors' attraction, making arbitration in Turkey friendl...

Energy and environment in Turkey

Turkey has become one of the fastest growing energy markets in the world in parallel to its economic growth registered in the last eight years and is rapidly gaining a competitive structure....

International Arbitration Law in Turkey

The adoption of Turkish International Arbitration Law 4686 in 2001 replaced the principle of reciprocity for a more all encompassing principle of "foreign element", thus enabling more arbitr...

Turkish lawyers and practice of law firms in Turkey

The compatible or incompatible activities with law practice are regulated under a law dated 1969.therefore, Turkish lawyers and practice of law firms in Turkey is regulated under this specif...

Mortgage under Turkish laws

A mortgage denominated in Turkish Lira or in the event it secures a loan obtained from local or foreign credit institutions in a currency other than Turkish Lira, in such currency, can be cr...

Protection of trademark in Turkey

In order to be protected, companies' trademarks shall be registered in Turkey. Indeed, this is one of the main differences between patent and trademark, the second needing a local registrati...

Set up a company in Turkey

In order to set up a limited liability company ("LLC") in Turkey, no minimum shareholders are required. The minimum share capital is 10.000 TL (approximately USD 3300,-). Shareholders of...

Foreign law firms in Turkey and their obligations under laws

In principle, a foreign law firm is not authorized to practice in Turkey. Hence, they are obliged to make an agreement with a Turkish law firm in Turkey, rather than establishing partnership...

Competition laws in Turkey

Turkish Law on the Protection of Competition (law no. 4054) is regulating the major anti trust rules that applies to companies operating in Turkey. It aims to protect the competition between...

Transportation and logistics in Turkey

Turkey lies between Europe and Asia serving as a bridge geographically, culturally and economically. In Turkey, investments in the transportation system are concentrated on land transportat...

Transportation and logistics in Turkey

Turkey lies between Europe and Asia serving as a bridge geographically, culturally and economically. In Turkey, investments in the transportation system are concentrated on land transportat...

Lawyers in Turkey and practice of law in Turkey

The compatible or incompatible activities with law practice are regulated under a law dated 1969. Pursuant to article 11 of the Law, "Services and duties rendered in exchange for payments s...

Taking securities in Turkey

In project finance and related guarantee structuring, creditor may also have recourse to commercial enterprise pledge. A commercial enterprise pledge covers the commercial title and tra...

Duration of court case in Turkey

Before the commercial courts in Turkey, a court case on the merits require between 4 and 7 hearings. In these circumstances, it is necessary to foresee between 18 and 24 months of legal proc...

Wind energy in Turkey

The Turkish government encourages investors to implement energy projects in Turkey with new incentives on renewable energy. This ensures that the government's feed-in tariff will accelerate...

Relations between Turkey and Cote d'Ivoire

Diplomatic relations between Turkey and the Ivory Coast were established in 1962. From 1964 until 2009, the Turkish Embassy in Dakar was accredited to the Ivory Coast. The Turkish representa...

Communiqué About International Arbitration Fees

COMMUNIQUÉ ABOUT INTERNATIONAL ARBITRATION FEES (08.03.2016) A Communiqué About International Arbitration Fees (hereafter referred as “Communiqué”) was published in the official gaze...

Civil and Penal Risks of Data Protection Law in Turkey

In the present Legal Memo, we will summarize the regulations related to the Law, together with a Program, urging your company to comply with the Law. I. WHAT ARE THE NEW REGULATIONS IN T...

Company Incorporation in Turkey

Step by Step Company Incorporation Procedure in Turkey 1st step : According to the Article 13 of the Regulation of Trade Registry published on the Official Gazette dated 27 January 2013 an...

Cartel decision of Turkish Competition Authority

By Att. Ahmet Can SEBER According to the Turkish Competition Authority’s decision dated 8 March 2013 and numbered 13-13/198-100, 12 banks has violated Article 4 of the Act no 4054 on...

Heavy fines on banks accused of cartel

Cartel decision of the Turkish Competition Authority, ruling 12 banks operating in Turkey involved cartel activities by making agreements and/or engaging in concerted practices related to de...

Turkish Competition Authority established a cartel between 12 banks

he "Cartel" decision of the Turkish Competition Authority, condemning the 12 banks in Turkey for having participated in cartel activities through agreements and / or engaging in concerted pr...

Arbitration in Turkey

Our managing partner regularly represents clients in arbitration proceedings under a variety of rules, including the French Arbitration Association, the International Chamber of Commerce, In...

Turkish Corporate Tax Law changes

What are the changes to the Corporate Tax Law ? In incentive certificate investments, the contribution rates to investment and corporate tax reduction rate applicable for 2017 and 2018 expe...

Changes in the Turkish VAT Law

Turkish VAT Law changes for some sectors -Exchange differences will be included in the VAT base. -The delivery of books and periodicals by publishers shall be exempted from the value added...

Certify the legal books of Turkish companies

Certifying the legal books The Trade Registry Office authorized personnel will certify the following books during the establishment process. 1. Journal 2. Ledger 3. Inventory book 3. Sh...

Compliance of Turkish Data Protection law with EU General Data Protection Regulation (GDPR)

Compliance of Data Protection Law in Turkey with EU General Data Protection Regulation (GDPR) According to Turkish law on Data Protection (herein after "Data Protection Law"), there a...

Effect of Coronavirus outbreak on Turkish company law

Effect of Coronavirus outbreak on General Assembly Resolution of Joint Stock companies and Limited liability companies, Status of Resolution of the Board of Directors or Board of Managers, P...

Turkish healthcare sector proves its performance during this Covid-19 pandemia

The healthcare sector and its related industries are considered to be of strategic importance in Turkey. This is especially true when taking into consideration these industries’ social and...

Residence Permit in Turkey

Residence permit is a permit which is issued to the foreigners who want to stay in Turkey. There are types of residence permits in accordance with the Law on Foreigners and International Pro...

Turkish Citizenship for Foreign Investors

Turkish citizenship can be acquired at birth or later. Subsequent acquisition occurs with the decision of the competent authority or by adoption or by exercising the right to choose. In...

Amendments Made in Turkish Tax Legislation in 2020

AMENDMENTS MADE IN CORPORATE TAX LAW With the amendment that entered into force on 31.07.2020, 10% of the lease payments made to the cooperatives in return for the lease of immovable proper...

Tenants are allowed to NOT show their house to potentiel buyers of landlord

Due to the current economic conditions and the inflationary environment in Turkey, the number of disputes between tenants and landlords is increasing every day. As a result, in recent times...