Monthly Updates

Monthly Updates (January 2020)
RECENT LEGISLATION ON THE REVOCATION OF PRIVILEGES REGARDING VOTING RIGHTS AND NOMINATION TO THE BOARD OF DIRECTORS IN PUBLIC COMPANIES

The Communiqué on the Principles regarding the Revocation of Privileges on Voting Rights and Nomination to the Board of Directors was published in the Official Gazette dated 10 ...

Monthly Updates (February 2020)
RECENT AMENDMENTS TO THE REGULATION ON COMMERCIAL COMMUNICATION AND COMMERCIAL ELECTRONIC MESSAGING

The Regulation on Commercial Communication and Commercial Electronic Messaging issued by the Ministry of Commerce (the “Ministry”) on 15 July 2015 (the “Regulation”) was recently amended by...

Monthly Updates (March 2020)
AMENDMENTS TO THE CAPITAL MARKETS LAW

The Law No. 7222 Amending the Banking Law and Certain Other Laws (the “Amending Law”) has been published in the Official Gazette dated 25 February 2020 and numbered 31050 and entered into force on the same day. Among others, the Amending Law has ...

Monthly Updates (April 2020)
DRAFT COMMUNIQUÉ ON SIGNIFICIANT TRANSACTIONS AND EXIT RIGHTS

The new general principles regarding significant transactions and exit rights were initially introduced to the Turkish legislation via the Omnibus Law No. 7222 published in the Official Gazette dated 25 February 2020 and numbered 31050 (the “Omnibus Law”), by way of amending the Capital Markets ...

Monthly Updates (May 2020)
DRAFT COMMUNIQUÉ ON DEBT INSTRUMENTS HOLDERS BOARD

A new body with regards to debt instruments namely, the Debt Instruments Holders Board (the “DIB”), has been introduced to the Capital Markets Law numbered ...

Monthly Updates (June 2020)
RECENT AMENDMENTS TO THE ACT NO. 4054 ON THE PROTECTION OF COMPETITION

As an area where economy and law intersect, competition law has a strategic importance for the efficient and healthy functioning of the ...

Monthly Updates (July 2020)
RECENT LEGISLATION ON ELECTRONIC AGREEMENTS AND OTHER FINANCIAL MATTERS

The Law Amending Certain Laws and Statutory Decrees No. 7247 (the “Omnibus Law”) has been published in the Official Gazette dated 26 June 2020 and numbered 31167 and ...

Monthly Updates (August 2020)
DRAFT COMMUNIQUÉ ON PROJECT-BACKED SECURITIES

Following the entry into force of the Communiqué on Asset-Backed and Mortgage-Backed Securities which was previously published in the Official Gazette dated 9 January 2014 and numbered 28877 (the “ABMB”), a similar communiqué is now drafted by ...

Monthly Updates (January 2019)
COMMUNIQUÉ ON EQUITY CROWDFUNDING

The new financing method of crowdfunding was initially introduced to Turkish legislation via the Omnibus Bill No. 7061 published in the Official Gazette dated 5 December 2017, by way ...

Monthly Updates (February 2019)
RECENT AMENDMENTS TO TURKISH PUBLIC PROCUREMENT LEGISLATION

The Public Procurement Law numbered 4734 (the “PP Law”) and the Public Procurement Contracts Law numbered 4735 (the “PPC Law”) which were both published in the Official Gazette dated 22 ...

Monthly Updates (March 2019)
Communiqué on the Procedures and Principles as to the Implementation of Article 376 of the Turkish Commercial Code

The Communiqué on the Procedures and Principles as to the Implementation of Article 376 of the Turkish Commercial Code, which was published by the Ministry of Trade in the Official Gazette ...

Monthly Updates (April 2019)
RECENT AMENDMENTS ON THE NATURAL GAS MARKET LICENSING REGULATION

The Natural Gas Market Licensing Regulation which was published in the Official Gazette dated 7 September 2002 and numbered 24869 and entered into force on the same date (the “Regulation”) has been amended by the Regulation Amending the Natural Gas Market Licensing ...

Monthly Updates (May 2019)
THE REGULATION ON UNLICENCED ELECTRICITY PRODUCTION IN THE ELECTRICITY MARKET

The Regulation on Unlicensed Electricity Production in the Electricity Market has been published in the Official Gazette dated 12 May 2019 and numbered 30772 and has entered ...

Monthly Updates (June 2019)
THE REGULATION AMENDING THE REGULATION ON PRIVATE HOSPITALS

The Regulation Amending the Regulation on Private Hospitals has been published in the Official Gazette dated 31 May 2019 and numbered 30790 and has entered into force on the same date (the “Amending Regulation”). The Amending ...

Monthly Updates (July 2019)
THE LAW ON THE TOURISM PROMOTION AND DEVELOPMENT AGENCY OF TURKEY

The Law on the Tourism Promotion and Development Agency of Turkey has been published in the Official Gazette dated 15 July 2019 and numbered ...

Monthly Updates (August 2019)
THE REGULATION ON INDUSTRIAL ZONES

The Regulation on Industrial Zones (the “Regulation”) has been published in the Official Gazette dated 6 August 2019 and numbered 30854 and has entered into force on the same ...

Monthly Updates (September 2019)
RECENT AMENDMENTS TO THE LAND REGISTRY LAW AND OTHER RELATED LAWS

The Law Amending Land Registry Law and Certain Laws numbered 7181 has been published in the Official Gazette dated 10 July 2019 and numbered 30827 (the “Amending Law”). ...

Monthly Updates (October 2019)
THE REGULATION AMENDING THE REGULATION ON PRIVATE HOSPITALS

The Law Amending Land Registry Law and Certain Laws numbered 7181 has been published in the Official Gazette dated 10 July 2019 and numbered 30827 (the “Amending Law”). ...

Monthly Updates (November 2019)
RECENT LEGISLATION ON THE INSURANCE AND PRIVATE PENSION REGULATION AND SUPERVISION AGENCY

The Presidential Decree on Organization and Duties of the Insurance and Private Pension Regulation and Supervision Agency (the "Presidential Decree") numbered 47 was published ...

Monthly Updates (December 2019)
RECENT AMENDMENTS TO THE LAW ON PAYMENT AND SECURITIES SETTLEMENT SYSTEMS, PAYMENT SERVICES AND ELECTRONIC MONEY INSTITUTIONS

The Law Amending the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions and Certain Laws has been published in the Official Gazette dated 22 November 2019 and numbered 7192 (the “Amending Law”) and shall enter into ...

Monthly Updates (January 2018)
NOVELTIES IN THE COMMUNIQUÉ ON DEBTS INSTRUMENTS

The Communiqué Amending the Communiqué on Debt Instruments (II.31.1) (the “Communiqué”) was published in the Official Gazette numbered 29983 and dated 18 February 2017 and ...

Monthly Updates (February 2018)
NEW PRINCIPLES FOR BARROWING FOREIGN CURRENCY LOANS

The Decree No. 32 on the Protection of the Value of the Turkish Currency (the “Decree No.32”) and the Communiqué No. 2008-32/34 regarding the Decree No.32 on the ...

Monthly Updates (March 2018)
COMMUNIQUÉ ON DISCLOSURE OBLIGATION OF DATA CONTROLLERS

The Communiqué Amending the Communiqué on Debt Instruments (II.31.1) (the “Communiqué”) was published in the Official Gazette numbered 29983 and dated 18 February 2017 and ...

Monthly Updates (April 2018)
THE COMMUNIQUÉ ON COMMON PRINCIPLES REGARDING SIGNIFICANT TRANSACTIONS AND PUT OPTION RIGHTS AND THE RECENT AMENDMENTS THERETO

The Communiqué on Common Principles Regarding Transactions and ...

Monthly Updates (May 2018)
RECENT AMENDMENTS ON ESTABLISHMENT OF PLEDGE RIGHTS IN COMMERCIAL TRANSACTIONS

The Regulation on Establishment of Pledge Rights in Commercial Transactions and Use of Rights Upon Default which was published in the Official Gazette ...

Monthly Updates (June 2018)
RECENT AMENDMENTS OF THE REGULATION ON THE IMPLEMENTATION OF THE FOREIGN DIRECT INVESTMENTS LAW

The Regulation on the Implementation of the Foreign Direct Investments Law which was published in the Official Gazette dated 20 August 2003 ...

Monthly Updates (July 2018)
THE RECENT REGULATION ON REAL ESTATE COMMERCE

The Regulation on the Real Estate Commerce which was published in the Official Gazette dated 5 June 2018 ...

Monthly Updates (August 2018)
COMMUNIQUE ON ISSUANCE OF BUILDING CERTIFICATES

The Communiqué on the Procedures and Principles Concerning the Issuance of Building Registration Certificates published by the...

Monthly Updates (September 2018)
RECENT REGULATION ON RESTRUCTURING DEBTS OWED TO FINANCIAL INSTITUTIONS

The Regulation on Restructuring Debts Owed to Financial Institutions was published in the Official Gazette dated 15 August 2018...

Monthly Updates (October 2018)
RECENT REGULATIONS ON PROTECTION OF THE VALUE OF THE TURKISH CURRENCY

The Decree No. 85 Amending the Decree No. 32 on the Protection of the Value of the Turkish Currency...

Monthly Updates (November 2018)
RECENT AMENDMENTS TO THE REGULATION ON PAYMENT SERVICES, ELECTRONIC MONEY ISSUANCE, PAYMENT INSTITUTIONS AND ELECTRONIC MONEY INSTITUTIONS

The Regulation on Payment Services, Electronic Money Issuance, Payment Institutions and Electronic Money ...

Monthly Updates (December 2018)
MANDATORY MEDIATION FOR COMMERCIAL DISPUTES

The Law on Initiating Proceedings for Monetary Receivables Arising out of Subscription Agreements numbered 7155...