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Share Subscription Agreements Newsletter Articles
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Capital Markets Law December 2021
The European Commission Fines Banks for Participating in a Forex Cartel Newsletter Articles
Recent Keynotes of December 2021 Newsletter Articles
Recent Keynotes of December 2021
Other December 2021

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Authors
Prof. Dr. H. Ercüment Erdem
Piraye Erdem
Özgür Kocabaşoğlu
Süleyman Sevinç
Tuna Çolgar
Mert Karamustafaoğlu
Alper Uzun
Canan Doksat
Merve Bakırcı
Duygu Öner
Ecem Süsoy Uygun
Sevgi Ünsal Özden
Melissa Balıkçı Sezen
Tilbe Birengel
Hazel Coşkun Baylan
Mehveş Erdem
Rüştü Mert Kaşka
Ece Özsü
Tolga Sevinir
Can Yıldız
Helin Akbulut
Abdullah Bozdaş
Aslı Su Çoruk
Ceren Eke
Beyza Günsel Sürücü
Özge Kısacık
Defne Pırıldar
Ece Şahin
İdil Uz
İdil Yıldırım
Yağmur Zeytinkaya
Merve Demirkaya
İlbey Kolaylı
Zeynep Nazlı Tosyalı
Melis Uslu
Orhan Emin Erdem
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Legal Developments
The Deadline for the Submission of Some Tax Returns Has Been Extended

Through the announcement of Circular No. VUK-138/2022-1 and dated 25 January 2022 (“Circular”) made by the Turkish Revenue Administration, it has been announced that the deadline for the submission of tax returns regarding...

Tax Law 25.01.2022
Legal Developments
Minimum Equity Requirements for Certain Payment Services Have Been Increased

Pursuant to the Communiqué on the Re-determination of Minimum Equity Amounts of Payment and Electronic Money Institutions (“Communiqué”) which is published in the Official Gazette dated 22.01.2022 and numbered...

Banking and Finance 24.01.2022
Newsletter Articles
Share Subscription Agreements
Capital Markets Law December 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of December 2021
Other December 2021
Legal Developments
Compliance to the German Supply Chain Due Diligence Act

German Supply Chain Due Diligence Act (Lieferkettensorgfaltsgesetz) (“Act”) was approved on 11 June 2021 by the German Federal Parliament.

Other 17.11.2021
Legal Developments
The Communiqué on the Amendment to the Communiqué on Mandatory Reserves is published

The Communiqué on the Amendment to the Communiqué on Mandatory Reserves is published

Banking and Finance 9.11.2021
Legal Developments
Tax Amendments Introduced Through the Law No. 7341

Tax Amendments Introduced Through the Law No. 7341

Tax Law 9.11.2021
News
Erdem & Erdem Represented Yıldırım Holding in the Soda Ash Factory to be Established in Kazakhstan

Erdem & Erdem Represented Yıldırım Holding in the Soda Ash Factory to be Established in Kazakhstan


Other 05.11.2021
Newsletter Articles
Legal Developments
Significant Amendments are Introduced to the Block Exemption Communiqué on Vertical Agreements

Significant Amendments are Introduced to the Block Exemption Communiqué on Vertical Agreements

Competition Law 5.11.2021
Newsletter Articles
Hub and Spoke Cartels
Competition Law November 2021
Newsletter Articles
Newsletter Articles
Recent Keynotes of November 2021
Other November 2021
Newsletter Articles
The Right to Be Forgotten
Personal Data Protection November 2021
Legal Developments
Communiqué on Crowdfunding Has Been Published

Communiqué on Crowdfunding Has Been Published

Commercial Law 28.10.2021
News
Respect Conference for Prof. Dr. H. Ercüment Erdem

In honor of our Founder and Senior Partner "Prof. Dr. H. Ercüment Erdem's" 60th birthday, the "Respect Conference for Prof. Dr. H. Ercüment Erdem" was held online on Tuesday, October 26 between 09.30-18.30. By virtue of the day-long event, Turkey's leading commercial law scholars from Galatasaray University, Koç University, Bilgi University, Ankara University, and Istanbul University were gathered.

Other 26.10.2021
Legal Developments
The Law No. 7338 on the Amendment of Tax Procedural Law and Certain Other Laws Has Entered Into Force

The Law No. 7338 on the Amendment of Tax Procedural Law and Certain Other Laws Has Entered Into Force

Tax Law 26.10.2021
Legal Developments
The Rate Regarding the Working Time Spent Outside the Region and Centers by Personnel Working in Technology Development Zones and R&D or Design Centers Has Been Amended

The Rate Regarding the Working Time Spent Outside the Region and Centers by Personnel Working in Technology Development Zones and R&D or Design Centers Has Been Amended

Tax Law 19.10.2021
Legal Developments
Amendments to the Communiqué on Decree No. 32 on the Protection of the Value of Turkish Currency (No: 2018-32/45)

Amendments to the Communiqué on Decree No. 32 on the Protection of the Value of Turkish Currency (No: 2018-32/45)

Capital Markets Law 14.10.2021
Newsletter Articles
Recent Keynotes of October 2021
Other October 2021
Legal Developments
The Amendments on the Circular on Capital Movements

The Amendments on the Circular on Capital Movements

Capital Markets Law 1.10.2021
Legal Developments
The Period of the Application of Low Withholding Rates on Deposit Interest and Dividends Paid by Participation Banks are Extended-I

The Period of the Application of Low Withholding Rates on Deposit Interest and Dividends Paid by Participation Banks are Extended

Banking and Finance 1.10.2021
Newsletter Articles
Turkish Mortgage Covered Bonds
Capital Markets Law October 2021
Newsletter Articles
The Practice of Green Bonds in the World and Turkey
Capital Markets Law October 2021
Newsletter Articles
Covid-19 Contents
The Announcement of the Personal Data Protection Authority Regarding Covid-19 Vaccines and PCR Tests

The Announcement of the Personal Data Protection Authority Regarding Covid-19 Vaccines and PCR Tests.


Personal Data Protection 30.09.2021
Legal Developments
Amendments Regarding “Authorized Sender” Practice are Introduced

Amendments Regarding “Authorized Sender” Practice are Introduced

Commercial Law 27.09.2021
Legal Developments
The Regulation on the Electronic Notification by the Social Security Institution was Published

The Regulation on the Electronic Notification by the Social Security Institution was Published

Law of Civil Procedure 27.09.2021
Legal Developments
The Personal Data Protection Board Announced Its Decision Regarding the WhatsApp Investigation Initiated Ex-Officio

The Personal Data Protection Board Announced Its Decision Regarding the WhatsApp Investigation Initiated Ex-Officio

Personal Data Protection 8.09.2021
Legal Developments
The Withholding Rate on Earnings from Shares of Venture Capital Investment Fund and Real Estate Investment Fund Participation Shares Held for More than Two Years Has Been Reduced to 0%

The Withholding Rate on Earnings from Shares of Venture Capital Investment Fund and Real Estate Investment Fund Participation Shares Held for More than Two Years Has Been Reduced to 0%

Banking and Finance 7.09.2021
Newsletter Articles
The Prohibition of Inconsistent Behavior
Law of Civil Procedure September 2021
Newsletter Articles
Recent Keynotes of September 2021
Other September 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Legal Developments
The Amendments on the Circular on Capital Movements-I

The Amendments on the Circular on Capital Movements

Capital Markets Law 9.08.2021
Newsletter Articles
General Assembly Summons Lawsuits
Commercial Law August 2021
Newsletter Articles
UNCITRAL Expedited Arbitration Rules
Arbitration August 2021
Newsletter Articles
Recent Keynotes of August 2021
Other August 2021
Legal Developments
The Duration of VAT Rate Discounts on Certain Goods and Services is Extended Until 30 September 2021

The Duration of VAT Rate Discounts on Certain Goods and Services is Extended Until 30 September 2021

Tax Law 30.07.2021
Legal Developments
The Period of Withholding Rate Reductions on Real Estate Rentals is Extended to September 30th

The Period of Withholding Rate Reductions on Real Estate Rentals is Extended to September 30th

Tax Law 30.07.2021
Legal Developments
The Period of the Application of Low Withholding Rates on Deposit Interest and Dividends Paid by Participation Banks are Extended-II

The Period of the Application of Low Withholding Rates on Deposit Interest and Dividends Paid by Participation Banks are Extended

Banking and Finance 30.07.2021
Legal Developments
The Regulation on Settlement is published

The Regulation on Settlement is published

Competition Law 16.07.2021
Legal Developments
Obligation of Ultimate Beneficial Owner Declaration for Corporate Taxpayers and Certain Persons

Obligation of Ultimate Beneficial Owner Declaration for Corporate Taxpayers and Certain Persons

Tax Law 13.07.2021
Legal Developments
Amendment to the Regulation on Loan Operations of Banks

Amendment to the Regulation on Loan Operations of Banks

Banking and Finance 9.07.2021
Legal Developments
Amendment to the Regulation on the Procedures and Principles Regarding the Classification of Loans and Provisions to be Set Aside for Them

Amendment to the Regulation on the Procedures and Principles Regarding the Classification of Loans and Provisions to be Set Aside for Them

Banking and Finance 8.07.2021
Newsletter Articles
Newsletter Articles
Settlement Regulation Enters into Force
Competition Law July 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
News
Terralex's 30th Anniversary Events

TerraLex, a worldwide network of quality law firms that meet high professional standards, celebrated its 30th year with 30 days event series lasted throughout June 2021.


Arbitration 30.06.2021
Legal Developments
Time Extension for Wealth Amnesty

Time Extension for Wealth Amnesty

Tax Law 30.06.2021
Legal Developments
The Board’s Decision Regarding Registration Obligation of Commercial Enterprises Affiliated to Associations, Foundations and Unions to the VERBIS has been Published

The Board’s Decision Regarding Registration Obligation of Commercial Enterprises Affiliated to Associations, Foundations and Unions to the VERBIS has been Published

Personal Data Protection 25.06.2021
Legal Developments
Significant Amendments are Introduced to the Enforcement and Bankruptcy Law

Significant Amendments are Introduced to the Enforcement and Bankruptcy Law

Enforcement and Bankruptcy 23.06.2021
Legal Developments
RUSF Rate for the Loans Obtained from EBRD and IFC

RUSF Rate for the Loans Obtained from EBRD and IFC

Banking and Finance 22.06.2021
Legal Developments
The Period of VAT Reduction on Accommodation Services has been re-extended

The Period of VAT Reduction on Accommodation Services has been re-extended

Tax Law 22.06.2021
Legal Developments
The Regulation on Sharing of Confidential Information was Published

The Regulation on Sharing of Confidential Information was Published

Banking and Finance 4.06.2021
Legal Developments
The Duration of VAT Rate Discounts on Certain Goods and Services is Extended Until July 31st

The Duration of VAT Rate Discounts on Certain Goods and Services is Extended Until July 31st

Tax Law 2.06.2021
Legal Developments
The Period of the Application of Low Withholding Rates on Deposit Interest and Dividends Paid by Participation Banks are Extended-III

The Period of the Application of Low Withholding Rates on Deposit Interest and Dividends Paid by Participation Banks are Extended

Banking and Finance 2.06.2021
Legal Developments
Amendments to the Regulation on the General Assembly Meetings of Joint Stock Companies

Amendments to the Regulation on the General Assembly Meetings of Joint Stock Companies

Commercial Law 1.06.2021
Newsletter Articles
Protection and Registration of Designs
Intellectual Property Law June 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Legal Developments
The Implementation of Credit Rating is Postponed to December 31st

The Implementation of Credit Rating is Postponed to December 31st

Banking and Finance 1.06.2021
Legal Developments
Communiqué on Portfolio Management Companies was Amended

Communiqué on Portfolio Management Companies was Amended

Banking and Finance 28.05.2021
Covid-19 Contents
The Period to Benefit from the Short-Term Working Allowance has been Extended

Through the Presidential Decree numbered 3910 (“Decree”) published in the Official Gazette dated 23.04.2021 and numbered 31463, the period to benefit from the short-term working allowance has been extended until 30.06.2021.

Labor Law 26.05.2021
Legal Developments
The Corporate Tax General Communiqué No. 18 is Published

The Corporate Tax General Communiqué No. 18 is Published

Tax Law 25.05.2021
Legal Developments
The Decision of the Ankara 3rd Administrative Court Clarifying That Competition Board May

The Decision of the Ankara 3rd Administrative Court Clarifying That Competition Board May Request Information and Documents from Undertakings Whose Headquarters Located Abroad by Notifying Their Subsidiaries in Turkey

Competition Law 21.05.2021
Legal Developments
SCT Amounts Imposed on Some Fuel Products Have Been Increased

SCT Amounts Imposed on Some Fuel Products Have Been Increased

Tax Law 20.05.2021
Covid-19 Contents
Cheque Submission Periods were Postponed

Cheque Submission Periods were Postponed


Tax Law 03.05.2021
Legal Developments
Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism

Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism

Banking and Finance 3.05.2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Legal Developments
The Period of VAT Reduction on Overnight Services in Accommodation Facilities Has Been Extended for 1 Month

The Period of VAT Reduction on Overnight Services in Accommodation Facilities Has Been Extended for 1 Month

Tax Law 30.04.2021
Legal Developments
General Communiqué of the Financial Crimes Investigation Board is Published

General Communiqué of the Financial Crimes Investigation Board is Published

Banking and Finance 30.04.2021
Legal Developments
Competition Board initiated an Investigation against 32 Undertakings concerning the Labor Market

Competition Board initiated an Investigation against 32 Undertakings concerning the Labor Market

Competition Law 22.04.2021
Legal Developments
United States of America decided to impose sanctions against the Russian Federation

United States of America decided to impose sanctions against the Russian Federation

Other 22.04.2021
Legal Developments
Corporate Tax Rate has been increased

Corporate Tax Rate has been increased

Tax Law 22.04.2021
Legal Developments
The Resolution of the President Numbered 3866 Ratified the Singapore Convention on Mediation

The Resolution of the President Numbered 3866 Ratified the Singapore Convention on Mediation

Mediation 22.04.2021
Legal Developments
Competition Board's Investigation against Google concluded

Competition Board's Investigation against Google concluded

Competition Law 16.04.2021
Legal Developments
Regulation on Not Using Crypto Assets in Payments is published

Regulation on Not Using Crypto Assets in Payments is published

Banking and Finance 16.04.2021
Videos
Webinar: "Effects of New Regulations and PSD2 on the Fintech Ecosystem: Where Are We, Where Are We Going?"

The live webinar titled “Effects of New Regulations and PSD2 on the Fintech Ecosystem: Where Are We, Where Are We Going?”, organized with the cooperation of Erdem & Erdem Law Office and Turkish Capital Markets Association (TCMA) was held on 12 April 2021.

Capital Markets Law 12.04.2021
Legal Developments
Social Security Institution Introduced New Codes for Termination

Social Security Institution Introduced New Codes for Termination

Labor Law 12.04.2021
Legal Developments
Amendments to Regulation on the Conciliation Before Assessment

Amendments to Regulation on the Conciliation Before Assessment

Tax Law 8.04.2021
Videos
Webinar: "Tax Free Merger"

Webinar: "Tax Free Merger"


Tax Law 07.04.2021
Legal Developments
Communiqué on the Notification and Registration of Bearer Shares to the Central Securities Depository

Communiqué on the Notification and Registration of Bearer Shares to the Central Securities Depository

Commercial Law 6.04.2021
Legal Developments
Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Environment is Published

Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Environment is Published

Banking and Finance 2.04.2021
Publications
Information Exchange in the Banking Sector in Light of Competition Board Decisions

Att. Mert Karamustafaoğlu, Att. Merve Bakırcı

Other April 2021
Newsletter Articles
Newsletter Articles
Assignment of the Author’s Economic Rights
Intellectual Property Law April 2021
Legal Developments
The Period of the Low Withholding Rates Related to Deposit Interest and Dividends Paid by Participation Banks are Extended

The Period of the Low Withholding Rates Related to Deposit Interest and Dividends Paid by Participation Banks are Extended

Banking and Finance 1.04.2021
Newsletter Articles
Basic Principles Regarding Public Offering
Capital Markets Law April 2021
Newsletter Articles
Legal Developments
Declaration of Wage Incomes for FY2020

Declaration of Wage Incomes for FY2020

Tax Law 25.03.2021
Videos
Webinar: “Obstacles Faced by Start-ups”

Webinar: “Obstacles Faced by Start-ups”

Banking and Finance 23.03.2021
Legal Developments
The Regulation on Prevention Plans to be Prepared by Systemically Important Banks is published

The Regulation on Prevention Plans to be Prepared by Systemically Important Banks is published

Banking and Finance 19.03.2021
Legal Developments
The Amendments on the Circular on Capital Movements-II

The Amendments on the Circular on Capital Movements

Capital Markets Law 19.03.2021
Legal Developments
The Communiqué on Practices that do not Significantly Restrict Competition Entered into Force

The Communiqué on Practices that do not Significantly Restrict Competition Entered into Force

Commercial Law 17.03.2021
Legal Developments
Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism-I

Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism

Other 16.03.2021
Legal Developments
The Principles Regarding the Submission of Commitments to Competition Authority are Regulated by the Communiqué

The Principles Regarding the Submission of Commitments to Competition Authority are Regulated by the Communiqué

Commercial Law 16.03.2021
Covid-19 Contents
Registration Periods of the VERBIS have been re-extended due to Covid-19

Through the decision dated 11.03.2021 and numbered 2021/238 (“Decision”), the Personal Data Protection Board has decided to re-extend the registration periods of the Data Controllers Registry (“VERBIS”) due to the Covid-19 outbreak.

Personal Data Protection 12.03.2021
Covid-19 Contents
The Regulation on Remote Working was published

The Regulation on Remote Working (“Regulation”) which stipulates works that cannot be realized remotely, operation rules regarding data protection and transfer and the procedures and principles of remote working, entered into force through its publication in the Official Gazette dated 10.03.2020 and numbered 31419.

Labor Law 10.03.2021
Covid-19 Contents
The Periods of the Prohibition of Termination and the Unpaid Leave are extended for 2 months

Through the Presidential Decree numbered 3592 (“Decree”) published in the Official Gazette dated 09.03.2021 and numbered 31418, the periods of the prohibition of termination and the unpaid leave practices are extended for two months.

Labor Law 09.03.2021
Legal Developments
Special Communication Tax as Deductible Expense

Special Communication Tax as Deductible Expense

Tax Law 5.03.2021
Legal Developments
Amendment to the Communiqué on the Procedures and Principles Regarding the Fees that Banks Can Charge Their Commercial Clients

Amendment to the Communiqué on the Procedures and Principles Regarding the Fees that Banks Can Charge Their Commercial Clients

Banking and Finance 1.03.2021
Newsletter Articles
Appealing Final Court Decisions
Law of Civil Procedure March 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Legal Developments
Amendment to the Regulation on Procedures and Principles concerning Monitoring of Transactions Affecting Foreign Exchange Position by Central Bank of Republic of Turkey

Amendment to the Regulation on Procedures and Principles concerning Monitoring of Transactions Affecting Foreign Exchange Position by Central Bank of Republic of Turkey

Banking and Finance 24.02.2021
Legal Developments
Significant Amendments on the Electricity Market Balancing and Settlement Regulation and Electricity Market Consumer Services Regulation

Significant Amendments on the Electricity Market Balancing and Settlement Regulation and Electricity Market Consumer Services Regulation

Energy Law 22.02.2021
Legal Developments
Second Extension of the Period Designated for Submission of the First Country by Country Report

Second Extension of the Period Designated for Submission of the First Country by Country Report

Capital Markets Law 22.02.2021
Legal Developments
Amendment to the Communiqué on the Execution of Companies’ Articles of Association at the Trade Registry Directorates

Amendment to the Communiqué on the Execution of Companies’ Articles of Association at the Trade Registry Directorates

Commercial Law 22.02.2021
Legal Developments
The Amendments on the Circular on Capital Movements-III

The Amendments on the Circular on Capital Movements

Capital Markets Law 22.02.2021
Covid-19 Contents
The Period to benefit from the Short-Term Working Allowance has been extended

Through the Presidential Decree numbered 3556 (“Decree”) published in the Official Gazette dated 19.02.2021 and numbered 31400, the period to benefit from the short-term working allowance has been extended until 31.03.2021.

Labor Law 19.02.2021
Legal Developments
Competition Board's Interim Measure Decision on WhatsApp has been published

Competition Board's Interim Measure Decision on WhatsApp has been published

Competition Law 16.02.2021
Legal Developments
Amendments were made in relation to subsequently submitted certificates of origin

Amendments were made in relation to subsequently submitted certificates of origin

Commercial Law 15.02.2021
Legal Developments
Limitation on Financing Expense Deduction is Back

Limitation on Financing Expense Deduction is Back

Tax Law 5.02.2021
Legal Developments
The Constitutional Court Decision Regarding Examination of the Corporate E-mail Account

The Constitutional Court Decision Regarding Examination of the Corporate E-mail Account

Labor Law 5.02.2021
Legal Developments
Withholding Rate of Long-term Construction and Repair Business was increased

Withholding Rate of Long-term Construction and Repair Business was increased

Tax Law 4.02.2021
Legal Developments
Tax Regulations Regarding Technopolis and R&D Centers

Tax Regulations Regarding Technopolis and R&D Centers

Tax Law 4.02.2021
Legal Developments
Amendments to the Provisions of the Turkish Commercial Code

Amendments to the Provisions of the Turkish Commercial Code

Commercial Law 3.02.2021
Legal Developments
The Competition Board Rejected the Request for Exemption to the Agreement Between Johnson & Johnson and Pharmaceutical Warehouses

The Competition Board Rejected the Request for Exemption to the Agreement Between Johnson & Johnson and Pharmaceutical Warehouses

Competition Law 2.02.2021
Legal Developments
Amendments to the Renewable Energy Resources Support Mechanism

Amendments to the Renewable Energy Resources Support Mechanism

Energy Law 2.02.2021
Legal Developments
The Communiqué (No: 2008-32/34) on Decree No. 32 has been changed

The Communiqué (No: 2008-32/34) on Decree No. 32 has been changed

Capital Markets Law 2.02.2021
Legal Developments
SCT Rates on Electric Cars were increased

SCT Rates on Electric Cars were increased

Tax Law 2.02.2021
Newsletter Articles
Actual Carrier in Carriage of Goods by Sea
Commercial Law February 2021
Newsletter Articles
Newsletter Articles
Portfolio Management Companies 101
Capital Markets Law February 2021
Newsletter Articles
Breach of Concordat by the Debtor
Enforcement and Bankruptcy February 2021
Legal Developments
Special Communication Tax Rate was increased to 10%

Special Communication Tax Rate was increased to 10%

Tax Law 1.02.2021
Newsletter Articles
Legal Developments
VAT in Urban Transformation was reduced to 1%

VAT in Urban Transformation was reduced to 1%

Tax Law 1.02.2021
Newsletter Articles
Recent Keynotes of February 2021
Other February 2021
Covid-19 Contents
Force Majeure was accepted for Taxpayers whose activities were discontinued or suspended in the Covid-19 Outbreak

Through the Tax Procedural Code General Communiqué Serial No. 524 (“Communiqué”), published in the Official Gazette dated 25th January 2021 and No. 31375, force majeure was accepted for taxpayers whose activities were discontinued or suspended in the Covid-19 outbreak.

Tax Law 25.01.2021
Legal Developments
Advertisements on Twitter, Pinterest and Periscope/Scope has been banned in Turkey

Advertisements on Twitter, Pinterest and Periscope/Scope has been banned in Turkey

Other 20.01.2021
Legal Developments
The Personal Data Protection Authority’s New Resolution

The Personal Data Protection Authority’s New Resolution

Personal Data Protection 19.01.2021
Legal Developments
Competition Board initiated an Investigation against Facebook and Whatsapp

Competition Board initiated an Investigation against Facebook and Whatsapp

Competition Law 18.01.2021
Legal Developments
The Communiqué on the Procedures and Principles Regarding Valuable House Tax was published

The Communiqué on the Procedures and Principles Regarding Valuable House Tax was published

Tax Law 18.01.2021
Legal Developments
The Personal Data Protection Board Ex-Officio Initiated An Investigation against WhatsApp

The Personal Data Protection Board Ex-Officio Initiated An Investigation against WhatsApp

Personal Data Protection 13.01.2021
Legal Developments
Competition Board conditionally approved the Merger Transaction of Fiat Chrysler Automobiles N.V. and Peugeot S.A.

Competition Board conditionally approved the Merger Transaction of Fiat Chrysler Automobiles N.V. and Peugeot S.A.

Competition Law 6.01.2021
Legal Developments
Amendment to the Turkish Commercial Code

Amendment to the Turkish Commercial Code

Commercial Law 4.01.2021
Legal Developments
The Communiqué on the Squeeze-out and Sell-out Rights was published

The Communiqué on the Squeeze-out and Sell-out Rights was published

Commercial Law 4.01.2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of January 2021
Other January 2021
Newsletter Articles
Legal Developments
Income Tax Tariffs Applicable on Remunerations and Income Other than Remunerations Acquired in 2021 were determined

Income Tax Tariffs Applicable on Remunerations and Income Other than Remunerations Acquired in 2021 were determined

Tax Law 30.12.2020
Covid-19 Contents
The Periods of the Prohibition of Termination and the Unpaid Leave Practices were extended for 2 months

Through the Presidential Decree numbered 3344 (Decree) published in the Official Gazette dated 30.12.2020 and numbered 31350, the periods of the prohibition of termination and the unpaid leave practice were extended for two months.

Labor Law 30.12.2020
Legal Developments
The Communiqué on Article 376 of the TCC was amended

The Communiqué on Article 376 of the TCC was amended

Commercial Law 29.12.2020
Legal Developments
The Upper Limit of Stamp Tax to be Applied in 2021 was determined

The Upper Limit of Stamp Tax to be Applied in 2021 was determined

Tax Law 29.12.2020
Covid-19 Contents
The Period to Apply for Short-term Working Allowance and The Period to Benefit From the Allowance Are Extended

Through the Presidential Decrees numbered 3316 and 3317 published in the Official Gazette dated 23.12.2020 and numbered 31343, the period to apply for short-term working allowance is extended until 31.01.2021 and the period to benefit from the short-term working allowance is extended until 28.02.2021.

Labor Law 23.12.2020
Covid-19 Contents
Supports to be given to Tradesmen and Craftsmen and Natural Person Merchants due to the Coronavirus Outbreak were determined

Through the promulgation of the President Decree No. 3323 (“Decision”), published in the Official Gazette dated 23 December 2020 and No. 31343, the conditions of grant and lease support to be given to tradesmen and craftsmen and natural person merchants due to the coronavirus epidemic were determined.

Other 23.12.2020
Legal Developments
European Commission Proposed the Digital Markets Act to the European Parliament

European Commission Proposed the Digital Markets Act to the European Parliament

IT Law 23.12.2020
Legal Developments
The Duration of VAT Rate Discounts on Certain Goods and Services is Extended

The Duration of VAT Rate Discounts on Certain Goods and Services is Extended

Tax Law 23.12.2020
Legal Developments
The Eligible Consumer Limit in Electricity was reduced

The Eligible Consumer Limit in Electricity was reduced

Energy Law 22.12.2020
Legal Developments
Extension of the Period Designated for Submission of the First Country by Country Report

Extension of the Period Designated for Submission of the First Country by Country Report

Tax Law 22.12.2020
Legal Developments
The Liability for Valuable House Tax will be effective as of 2021a

The Liability for Valuable House Tax will be effective as of 2021

Tax Law 11.12.2020
Legal Developments
Announcement of the Banking Regulation and Supervision Agency dated 08.12.2020

Announcement of the Banking Regulation and Supervision Agency dated 08.12.2020

Banking and Finance 9.12.2020
Legal Developments
Regulation on Processing of Personal Data and Protection of Confidentiality in the Electronic Communications Sector was Published

Regulation on Processing of Personal Data and Protection of Confidentiality in the Electronic Communications Sector was Published

Personal Data Protection 4.12.2020
Legal Developments
The law amendment concerning regulations in the natural gas, electricity, renewables and mining has entered into force

The law amendment concerning regulations in the natural gas, electricity, renewables and mining has entered into force

Energy Law 2.12.2020
Covid-19 Contents
The Periods of Employment Incentives and Normalization Premium Support were extended

Through the Presidential Decrees numbered 3246, 3247 and 3248 published in the Official Gazette dated 02.12.2020 and numbered 31322, the implementation periods of the employment incentives and the normalization premium support, provided for employers by the Social Security Institution were extended.

Labor Law 02.12.2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
Protection of Trade Secrets
Intellectual Property Law December 2020
Newsletter Articles
Recent Keynotes of December 2020
Other December 2020
Newsletter Articles
Newsletter Articles
Covid-19 Contents
The Period to Apply for Short-term Working Allowance is extended Until the End of the Year

Through the Presidential Decree (Decree) numbered 3238 published in the Official Gazette dated 01.12.2020 and numbered 31321, the period to apply for short-term working allowance is extended until 31.12.2020.

Labor Law 01.12.2020
Newsletter Articles
Legal Developments
Procedures and Principles regarding the Wealth Amnesty were determined

Procedures and Principles regarding the Wealth Amnesty were determined

Tax Law 30.11.2020
Legal Developments
The Revaluation Rate was determined as 9,11 % for 2020

The Revaluation Rate was determined as 9,11 % for 2020

Tax Law 30.11.2020
Legal Developments
Deadline of the Message Management System was postponed

Deadline of the Message Management System was postponed

Law of Civil Procedure 30.11.2020
Legal Developments
Procedures and Principles regarding the Restructuring of Some Public Receivables were determined through the General Communiqué Serial No.1

Procedures and Principles regarding the Restructuring of Some Public Receivables were determined through the General Communiqué Serial No.1

Tax Law 27.11.2020
Legal Developments
Takasbank has been granted an Operating Certificate regarding Future Electricity Market and Organized Renewable Energy Source Guarantee Market

Takasbank has been granted an Operating Certificate regarding Future Electricity Market and Organized Renewable Energy Source Guarantee Market

Energy Law 25.11.2020
Legal Developments
Deadline regarding Message Management System is approaching-I

Deadline regarding Message Management System is approaching

Law of Civil Procedure 25.11.2020
Legal Developments
Corporate Tax Rate Discount for Some Institutions Whose Shares Are Offered to the Public for the First Time

Corporate Tax Rate Discount for Some Institutions Whose Shares Are Offered to the Public for the First Time

Capital Markets Law 17.11.2020
Legal Developments
The New Wealth Amnesty entered into force through the Promulgation of the Law No. 7256

The New Wealth Amnesty entered into force through the Promulgation of the Law No. 7256

Tax Law 17.11.2020
Legal Developments
Provisions on Restructuring of Public Receivables of the Law No. 7256 entered into force

Provisions on Restructuring of Public Receivables of the Law No. 7256 entered into force

Tax Law 17.11.2020
Legal Developments
New Taxation Rules were introduced for Share Buybacks

New Taxation Rules were introduced for Share Buybacks

Tax Law 17.11.2020
Legal Developments
Competition Board Decision regarding implementation of administrative fines for some banks due to not providing the information requested by the Competition Authority

Competition Board Decision regarding implementation of administrative fines for some banks due to not providing the information requested by the Competition Authority

Competition Law 5.11.2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
Bitcoin under Turkish Law
Capital Markets Law November 2020
Newsletter Articles
Recent Keynotes of November 2020
Other November 2020
Newsletter Articles
2021 ICC Arbitration Rules
Arbitration November 2020
Covid-19 Contents
The Periods of The Short-term Working Allowance, the Prohibition of Termination and the Unpaid Leave Practices were extended for 2 months

Through the Presidential Decrees numbered 3134 and 3135 published in the Official Gazette dated 27.10.2020 and numbered 31287, the periods of the short-term working allowance, the prohibition of termination and the unpaid leave practices were extended for two months.

Labor Law 27.10.2020
Legal Developments
Energy Disputes Arbitration Center (EDAC) Established

Energy Disputes Arbitration Center (EDAC) Established

Energy Law 27.10.2020
Legal Developments
Amendment to the Regulation on Foreign Direct Investments Law

Amendment to the Regulation on Foreign Direct Investments Law

Capital Markets Law 23.10.2020
Legal Developments
The Regulation on Real Estate Trade has been amended

The Regulation on Real Estate Trade has been amended

Commercial Law 16.10.2020
Legal Developments
Announcement on the Value of the Lease Contracts made in Foreign Currency and Indexed to Foreign Currency is published

Announcement on the Value of the Lease Contracts made in Foreign Currency and Indexed to Foreign Currency is published

Capital Markets Law 16.10.2020
Legal Developments
Competition Authority Published the Guideline on Examining Digital Data During On-Site Inspections

Competition Authority Published the Guideline on Examining Digital Data During On-Site Inspections

Competition Law 13.10.2020
Legal Developments
Amendment to the Regulation on the Procedures of General Assembly Meetings of Joint Stock Companies

Amendment to the Regulation on the Procedures of General Assembly Meetings of Joint Stock Companies

Commercial Law 9.10.2020
Legal Developments
Procedures and Principles Regarding the Tax Registration Cancellation of Taxpayers with High Risk to Forge Documents is Published

Procedures and Principles Regarding the Tax Registration Cancellation of Taxpayers with High Risk to Forge Documents is Published

Tax Law 7.10.2020
News
Anadolu Cam, Denizli Cam, Paşabahçe, Soda Sanayii and Trakya Cam were Merged Under Şişecam

Anadolu Cam, Denizli Cam, Paşabahçe, Soda Sanayii and Trakya Cam were Merged Under Şişecam

Mergers and Acquisitions 05.10.2020
Legal Developments
The Communiqué on Corporate Governance has been amended

The Communiqué on Corporate Governance has been amended

Capital Markets Law 2.10.2020
Newsletter Articles
Recent Keynotes of October 2020
Other October 2020
Legal Developments
Supplier of Last Resort Tariff is Amended

Supplier of Last Resort Tariff is Amended

Energy Law 1.10.2020
Newsletter Articles
Trademark License Agreements
Intellectual Property Law October 2020
Newsletter Articles
Newsletter Articles
Covid-19 Contents
BITT Rate on Foreign Exchange Transactions is Reduced to 2 per Thousand

Through the promulgation of the President Decision No. 3031 (“Decision”), published in the Official Gazette dated 30th September 2020 and No. 31260, the Bank and Insurance Transactions Tax (“BITT”) rate, which should be calculated over the amount of foreign exchange (foreign currency) transactions, is reduced to 2 per thousand.

Banking and Finance 30.09.2020
Covid-19 Contents
Withholding Rates Related to Deposit Interest and Dividends Paid by Participation Banks are reduced

Through the promulgation of the President Decision No. 3032 (“Decision”), published in the Official Gazette dated 30th September 2020 and No. 31260, the withholding tax rates on the interest earned from Turkish Lira deposit accounts and the dividends paid to participation accounts by participation banks are temporarily reduced.

Banking and Finance 30.09.2020
Legal Developments
The Regulation on the Amendment to the Regulation on Bank Cards and Credit Cards is published

The Regulation on the Amendment to the Regulation on Bank Cards and Credit Cards is published

Banking and Finance 25.09.2020
Covid-19 Contents
The Period of Restrictions on Distribution of Net Profit Pertaining to Year 2019 has been extended

With the Presidential Decree dated 17.09.2020 and numbered 2948 (“Presidential Decree”) published in the Official Gazette dated 18.09.2020 and numbered 31248, it has been resolved to extend the period specified in the first paragraph of the Provisional Article 13 of the Turkish Commercial Code numbered 6102 (“TCC”) for three months.

Commercial Law 18.09.2020
Legal Developments
Presidential Decree on the Facilities Engaged in Production Activity Based on Renewable Energy Resources

Presidential Decree on the Facilities Engaged in Production Activity Based on Renewable Energy Resources

Energy Law 18.09.2020
Legal Developments
Communiqué on Board of Debt Instrument Holders was published

Communiqué on Board of Debt Instrument Holders was published

Law of Obligations 11.09.2020
Covid-19 Contents
Prohibition of Termination and Unpaid Leave Periods are extended for 2 months

Through the Presidential Decrees numbered 2930 published in the Official Gazette dated 04.09.2020 and numbered 31234, the periods of prohibition of termination and unpaid leave practice are extended for 2 months.

Labor Law 04.09.2020
Newsletter Articles
Newsletter Articles
The New Cartel Decision of the Competition Board
Competition Law September 2020
Newsletter Articles
Recent Keynotes of September 2020
Other September 2020
Newsletter Articles
Newsletter Articles
Freight Forwarder Contract under Turkish Law
Commercial Law September 2020
Newsletter Articles
The Communiqué on Board of Debt Instrument Holders
Capital Markets Law September 2020
Newsletter Articles
Covid-19 Contents
Short-term Working Allowance Period is re-extended

Through the Presidential Decree numbered 2915 published in the Official Gazette dated 31.08.2020 and numbered 31230, the period of short-term working allowance is re-extended for two months.

Labor Law 31.08.2020
Legal Developments
Special Consumption Tax Rates and Base for Some Passenger Cars are Amended

Special Consumption Tax Rates and Base for Some Passenger Cars are Amended

Tax Law 31.08.2020
Legal Developments
VAT Rate Applicable to Education Services Provided in Private Schools and Universities is Reduced to 1%

VAT Rate Applicable to Education Services Provided in Private Schools and Universities is Reduced to 1%

Tax Law 31.08.2020
Legal Developments
Deadline of the Message Management System was postponed-I

Deadline of the Message Management System was postponed

Commercial Law 28.08.2020
Legal Developments
TR QR Code Period in Payment Services is Commencing

TR QR Code Period in Payment Services is Commencing

Banking and Finance 24.08.2020
Legal Developments
Whitford's Breach of US Iran Sanctions

Whitford's Breach of US Iran Sanctions

Other 20.08.2020
Legal Developments
Regulations on Social Media and Internet Contents Through Law No. 7253

Regulations on Social Media and Internet Contents Through Law No. 7253

IT Law 4.08.2020
Newsletter Articles
Newsletter Articles
Veto Rights in Joint Stock Companies
Commercial Law August 2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of August 2020
Other August 2020
Newsletter Articles
LCIA Rules 2020
Arbitration August 2020
Covid-19 Contents
VAT Rates Applicable to the Goods and Services were amended

Through the promulgation of the President Decree No. 2812 (“Decree”), published in the Official Gazette dated 31 July 2020 and No. 31202, VAT rates were reduced to 8% and to 1% for others until 31 December 2020 for specific goods and services.

Tax Law 31.07.2020
Covid-19 Contents
Short-term Working Allowance, Prohibition of Termination and Unpaid Leave Periods are extended for 1 Month

Through the Presidential Decisions numbered 2810 and 2811, published in the Official Gazette dated 31.07.2020 and numbered 31202, the periods of short-term working allowance, prohibition of termination and unpaid leave practice are extended for one more month.

Labor Law 31.07.2020
Covid-19 Contents
Withholding Tax Rate in Real Estate Rentals was reduced to 10%

Through the promulgation of the President Decree No. 2813 (“Decree”), published in the Official Gazette dated 31 July 2020 and No. 31202, the withholding tax rate in real estate rentals is reduced to 10% until 31 December 2020.

Tax Law 31.07.2020
Covid-19 Contents
Amendment on Unemployment Insurance Law, Labor Law and Occupational Health and Safety Law

Dear Business Partners,

The Law No. 7252 on Establishment of Digital Platform Commission and Amendment to Certain Laws, which amends the Unemployment Insurance Law No. 4447 (“Law No. 4447”), the Labor Law No.4857 (“Labor Law”) and the Occupational Health and Safety Law No.6331, entered into force through publication on the Official Gazette dated 28.07.2020 and numbered 31199.

Labor Law 28.07.2020
Newsletter Articles
Covid-19 Contents
Short-Term Working Allowance, Prohibition of Termination and Unpaid Leave Periods are extended for 1 month

Through the Presidential Decrees numbered 2706 and 2707 published in the Official Gazette dated 30.06.2020 and numbered 31171, the periods of short-term working allowance, prohibition of termination and unpaid leave practice are extended for one month.

Labor Law 01.07.2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Covid-19 Contents
Amendments on the Banking Law, the Capital Market Law and other Legislation

The Law No. 7247 Amending Certain Laws and Decrees published on the Official Gazette dated June 26, 2020 and numbered 31167 (“Law No. 7247”) amends several laws including the Banking Law numbered 5411 (“Banking Law”) and the Capital Market Law numbered 6362 (“Capital Market Law”).

Banking and Finance 26.06.2020
Covid-19 Contents
The Law Amending the Law on the Protection of Competition No. 7246 entered into force

The Law Amending the Law on the Protection of Competition numbered 7246 (“Law No. 7246”) entered into force through publication in the Official Gazette dated 24.06.2020 and numbered 31165. The Law No. 7246 brought important changes to the Law on the Protection of Competition numbered 4054 (“Law No. 4054”).

Competition Law 24.06.2020
Covid-19 Contents
Registration Periods of the VERBIS have been re-extended due to Covid-19

Through the decision dated 23.06.2020 and numbered 2020/482 (“Decision”), the Personal Data Protection Board has decided to re-extend the registration periods of the Data Controllers Registry (“VERBIS”) due to the Covid-19 outbreak.

Personal Data Protection 24.06.2020
Covid-19 Contents
Legislative Proposal Amending the Law on the Protection of Competition No. 4054 was accepted at the General Assembly of the Grand National Assembly of Turkey

Legislative Proposal (“Legislative Proposal”) Amending the Law on the Protection of Competition numbered 4054 (“Law No. 4054”) was accepted at the General Assembly of the Grand National Assembly of Turkey on 16.06.2020. The Legislative Proposal brought important changes to the Law No. 4054.

Competition Law 17.06.2020
Covid-19 Contents
Lease Agreement Provisions which will take effect as of 01.07.2020

In workplace rents, where the lessee is a person deemed as merchant under the Turkish Commercial Code or a private or public legal entity, pursuant to Provisional Article 2 of the Law No. 6217 on the Amendment of Certain Laws for the Acceleration of Judicial Services dated 31.03.2011 (“Law”), it was regulated that certain provisions of the Turkish Code of Obligations No. 6098 (“TCO”) regarding lease agreements shall not apply for a period of 8 years starting from 01.07.2012, the date when the TCO came into force. With the expiry of the period specified under the article, such provisions will come into force as of 01.07.2020.

Commercial Law 09.06.2020
Covid-19 Contents
Withholding Tax Rate on Free Exchange Funds was increased to 15%

Through the promulgation of the President Decision No. 2604 (“Decision”), published in the Official Gazette dated 3rd June 2020 and No. 31144, the withholding tax rate on free exchange funds was increased to 15%.

Tax Law 03.06.2020
Covid-19 Contents
Deadline regarding Message Management System is approaching

The deadline for the service providers who are in the scope of the Law No. 6563 on Regulation of Electronic Commerce and the Regulation on Commercial Communication and Commercial Electronic Messages (“Service Provider”), to register with the Message Management System and to upload previously collected opt-in consents of commercial message recipients (“Recipient”), is 31.08.2020.

IT Law 02.06.2020
Covid-19 Contents
Amendments to the Communiqué on Mergers and Spin-offs

The Communiqué (II-23.2.b) (“Communiqué”) on the Amendment to the Communiqué on the Mergers and Spin-offs (II-23.2) entered into force through publication in the Official Gazette dated 30.05.2020 and numbered 31140.

Commercial Law 02.06.2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
A New Era in Lease Agreements
Law of Obligations June 2020
Newsletter Articles
Newsletter Articles
Internet Actors in Law No. 5651
Information Technology Law June 2020
Covid-19 Contents
Regulation on Unfair Price Evaluation Board has been published

Regulation on Unfair Price Evaluation Board (“Regulation”) published in the Official Gazette, dated 28 May 2020 and numbered 31138, was entered into force.

Competition Law 01.06.2020
Newsletter Articles
What Has Come About through the Social Media Regulation?
Information Technology Law June 2020
Newsletter Articles
Covid-19 Contents
Withholding Tax Rate over the Revenues Gained from Commercial Papers and Lease Certificates With a Maturity Date Less Than 1 Year Issued by Asset Leasing Companies is Increased to 15%

Through the promulgation of the Presidential Decision No. 2569 (“Decision”), published in the Official Gazette dated 24th May 2020 and No. 31136, the withholding tax rate is increased to 15% for the income to be obtained from those below & the earnings arising from their disposal:

Banking and Finance 27.05.2020
Covid-19 Contents
BITT Rate on Foreign Exchange Transactions is increased to 1%

Through the promulgation of the Presidential Decision No. 2568 (“Decision”), published in the Official Gazette dated 24th May 2020 and No. 31136, the Bank and Insurance Transactions Tax (“BITT”) rate, which should be calculated over the sale amount of foreign exchange transactions is increased to 1%.

Banking and Finance 27.05.2020
Covid-19 Contents
Announcement of the Banking Regulation and Supervision Agency dated 21.05.2020

Through the Announcement dated 21.05.2020 (“Announcement”) released through the official website of Banking Regulation and Supervision Agency (“Agency”), the decision of the Agency dated 21.05.2020 and numbered 9033 (“Decision”) has been announced.

Banking and Finance 21.05.2020
Covid-19 Contents
Additional Customs Duty is imposed on more than 800 Products

Through the promulgation of the Additional President Decision to Import Regime Decision No. 2565 (“Decree”), published in the Official Gazette dated 20th May 2020 and No. 31132, additional customs duty is imposed on several products (more than 800), including marbles, granites, rubber goods, cotton threads, glassware, some iron and steel products and electronics.

Tax Law 20.05.2020
Covid-19 Contents
Communiqué on Distribution of Dividend Pertaining to 2019 has entered into force

The Communiqué (“Communiqué”) on Procedures and Principles of Implications of Provisional Article 13 of Turkish Commercial Code No. 6102 entered into force through publication in the Official Gazette dated 17.05.2020 and numbered 31130.

Commercial Law 18.05.2020
Covid-19 Contents
Amendments to the Communiqué on the Covered Bonds

The Communiqué (III-59.1.ç) on the Amendment to the Communiqué on the the Covered Bonds (III-59.1) (“Communiqué”) entered into force through publication in the Official Gazette dated 14.05.2020 and numbered 31127.

Banking and Finance 14.05.2020
Covid-19 Contents
The Circular of the Social Security Institution on Covid-19 Disease

Social Security Institution published a Circular dated 07.05.2020 and numbered 2020/12 ("Circular") regarding the disease inflicted from Covid-19.

Labor Law 14.05.2020
Covid-19 Contents
Submission and Payment Periods of Advance Income and Corporate Tax Declarations are extended

Through the Tax Procedural Law Circular No.130 (Circular), the submission period of Advance Income...

Tax Law 13.05.2020
Covid-19 Contents
Amendment to the Decree on the State Aids for Investments

The Presidential Decree dated 08.05.2020 and numbered 2501 on the Amendment to the Decree on State Aids for Investments (“Decree”) entered into force through publication in the Official Gazette dated 09.05.2020 and numbered 31122.

Banking and Finance 12.05.2020
Covid-19 Contents
Additional Customs Duty is imposed on more than 400 products

Through the promulgation of the Additional President Decision to Import Regime Decision No. 2514 (“Decree”), published in the Official Gazette dated 11th May 2020 and No. 31124 (repeated), additional customs duty is imposed on several products (more than 400), including agricultural devices, machines, jewelry, white goods, musical instruments and sports equipment.

Tax Law 11.05.2020
Covid-19 Contents
The Regulation on the Manipulation and Misleading Transactions on Financial Markets entered into force

The Regulation on the Manipulation and Misleading Transactions on Financial Markets (“Regulation”) entered into force through publication in the Official Gazette dated 07.05.2020 and numbered 31120.

Banking and Finance 11.05.2020
Covid-19 Contents
Banking Regulation and Supervision Board Decision on the Limitation of TRY Transactions made by the Banks with Financial Institutions Abroad

Through the press announcement (“Announcement”) dated 05.05.2020 and published on the website of the Banking Regulation and Supervision Agency, the measures taken by the Banking Regulation and Supervision Board (“Board”) with the Decision dated 05.05.2020 and numbered 9010 to be implemented until the extraordinary circumstances arising in relation to the COVID-19 outbreak, have been announced.

Banking and Finance 06.05.2020
Covid-19 Contents
Turkish Patent and Trademark Office Published “Information on Extension of Time Limitations related to Industrial Property Applications”

Turkish Patent and Trademark Office (“Office”) published “Information on Extension of Time Limitations related to Industrial Property Applications” (“Information”) on 5 May 2020.

Intellectual Property Law 05.05.2020
Newsletter Articles
Newsletter Articles
Ship Hypothéque under Turkish Law
Commercial Law May 2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
Covid-19 Contents
Resolution Extending the Suspension on Judicial Time Limitations

As known, pursuant to Provisionary Article 1 of the Law No. 7226 Amending Certain Codes dated 26 March 2020 (“Law”), judicial time limitations were suspended until 30 April 2020 (including this date).

Law of Civil Procedure 30.04.2020
Covid-19 Contents
Procedures and Principles Regarding the Application of Wage Support

Provisional Article 24 has been added to the Law No. 4447 on Unemployment Insurance through the introduction of the Law on Reducing the Effects of Novel Coronavirus Pandemic on Economic and Social Life and Law on Amendments to Certain Laws No. 7244. 

Labor Law 25.04.2020
Covid-19 Contents
Measures taken by the Republic of Turkey Ministry of Energy and Natural Resources for the Mining Sector

With the public announcemenet dated 21.04.2020 (“Announcement”), the Republic of Turkey Ministry of Energy and Natural Resources announced the measures taken regarding the mining sector due to the COVID-19 outbreak.

Energy Law 22.04.2020
Covid-19 Contents
Submission and Payment Period of VAT Declarations pertaining to February and March are extended

Through the Tax Procedure Law Circular No.129 (Circular), published on the website of the Revenue Administration on 21th April 2020; the payment and submission periods of the VAT declarations pertaining to 2020/February and 2020/March are extended until 28th April 2020.

Tax Law 22.04.2020
Covid-19 Contents
Loading Periods of Electronic Ledger Charts and the Registration Periods for the Simple Procedure Taxpayers are extended

Through the Tax Procedure Law Circular No.128 (“Circular”) published on 20th April 2020;

Tax Law 22.04.2020
Covid-19 Contents
Amendments Introduced to the Labor Law Legislation through the Omnibus Bill No. 7244

Through the Law on Reducing the Effects of Novel Coronavirus (Covid-19) Pandemic on Economic and Social Life and Law on Amendments to Certain Laws No. 7244 (“Law”) published in the Official Gazette dated 17.04.2020 and numbered 31102 important amendments are introduced to the labor law legislation. In this regard;

Labor Law 17.04.2020
Covid-19 Contents
Amendments were made in the Law on Regulation of Retail Trade numbered 6585 through the Law numbered 7244

Important amendments are made in the Law on Regulation of Retail Trade numbered 6585 (“Law No. 6585”) through the Law No. 7244 Amending the Certain Laws to Minimize the Economic and Social Impacts of the COVID-19 Pandemic (“Law”) which is published in the Official Gazette dated 17 April 2020 and numbered 31102. The principal issues regarding the amendments are summarized below.

Commercial Law 17.04.2020
Covid-19 Contents
Provisions regarding the Turkey Wealth Fund under the Law No. 7244

The Law No. 7244 on the Mitigation of the Impacts of the Novel Coronavirus (COVID-19) Outbreak on Economic and Social Life and on the Amendment of Certain Laws (“Law”) entered into force through publication in the Official Gazette dated 17.04.2020 and numbered 31102.

Capital Markets Law 17.04.2020
Covid-19 Contents
Extension of Time for Corporate Tax Declarations

An important regulation is made regarding the time periods of the Corporate Tax declarations through the Tax Procedural Law Circular No. 127 (“Circular”), published in the official website of the Revenue Administration on 17th April 2020.

Tax Law 17.04.2020
Covid-19 Contents
Postponement and Structuring of Certain Receivables through the Law No. 7244

Significant amendments have been introduced regarding certain receivables through the Law No. 7244 on the Mitigation of the Impacts of the Novel Coronavirus (COVID-19) Outbreak on Economic and Social Life and on the Amendment of Certain Laws (“Law”) which entered into force through publication in the Official Gazette dated 17.04.2020 and numbered 31102.

Law of Obligations 17.04.2020
Covid-19 Contents
Amendments Regarding the Execution of Sentences and Security Measures

Important amendments are made in the criminal execution law through the Law No. 7242 Amending the Law on Execution of Sentences and Security Measures and Certain Codes (“Law”) which is published in the Official Gazette dated 15 April 2020. The principal issues regarding the amendments are summarized below.

Other 15.04.2020
Covid-19 Contents
COVID-19 Briefing on Force Majeure in Commercial Contracts

A livecast on Force Majeure in Commercial Contracts during COVID-19, organized by International Chamber of Commerce (ICC), was held on Friday, 10 April 2020.

Commercial Law 14.04.2020
Covid-19 Contents
Publications of the General Directorate of Occupational Health and Safety in Combating the Novel Coronavirus Outbreak

The General Directorate of Occupational Health and Safety of The Ministry of Family, Labor and Social Services (“Directorate”) published a guide (“Guide”) entitled Frequently Asked Questions and Answers Regarding Occupational Health and Safety in Combating Novel Coronavirus (“Covid-19”) Outbreak on 10.04.2020.

Capital Markets Law 13.04.2020
Covid-19 Contents
Public Announcement by the Personal Data Protection Authority on the Processing of Location Data and Monitoring the Mobility of People in the Combat with COVID-19

Following the announcement of the implementation of the Pandemic Isolation Tracking Project led by the Ministry of Health, the Personal Data Protection Authority published a public announcement on 09.04.2020 entitled Matters to Know about the Processing of Location Data and Monitoring Mobility of People in the Combat with COVID-19 (“Announcement”).

Personal Data Protection 10.04.2020
Covid-19 Contents
Turkish Patent and Trademark Office published “Information on Time Limitations Related to Industrial Property Applications”

Turkish Patent and Trademark Office (“Office”) published “Information on Time Limitations Related to Industrial Property Applications” (“Information”) on 8 April 2020.

Intellectual Property Law 10.04.2020
Covid-19 Contents
Force Majeure in terms of Turkish Tax Legislation and Coronavirus Effect on Tax Practices

The coronavirus (Covid-19) epidemic, which first appeared in Wuhan, China, has been declared a global epidemic by the World Health Organization.

Tax Law 07.04.2020
Covid-19 Contents
An Overview to Financing Agreements in Terms of COVID-19

As measures against the COVID-19 pandemic impacts business life, the aftermath also brings with it the necessity to re-visit financing agreements by the parties.

Banking and Finance 07.04.2020
Covid-19 Contents
While we are washing hands, what is happening in the World of Competition Law

While we are washing hands, what is happening in the World of Competition Law

Competition Law 05.04.2020
Covid-19 Contents
Energy Market Regulatory Authority Announcement on Time Extensions due to COVID-19 Outbreak

The Energy Market Regulatory Authority (EMRA) published an announcement on 03.04.2020 within the scope of the measures taken against COVID-19 outbreak.

Energy Law 05.04.2020
Covid-19 Contents
Presidential Circular on the Effect of the COVID-19 Outbreak on Public Procurement Contracts

The Presidential Circular on the “Effect of the COVID-19 Outbreak on Public Procurement Contracts” dated 01.04.2020 and numbered 2020/5 (“Circular”) was published in the Official Gazette dated 02.04.2020 and numbered 31087.

Commercial Law 04.04.2020
Covid-19 Contents
Banking Regulation and Supervision Board Decision on Time Extensions due to COVID-19 Outbreak

The Banking Regulation and Supervision Board ("Board") published its decision dated 02.04.2020 and numbered 8976 ("Decision") within the scope of the measures taken against COVID-19 outbreak.

Banking and Finance 04.04.2020
Covid-19 Contents
The Social Security Institution’s Announcement on Postponement of Insurance Premium Payment Periods

Social Security Institution (“Institution”) announced with the notice published in its website on 02.04.2020 (“Notice”), that insurance premium payment periods of the various employers who employ insured in workplaces were postponed due to the novel coronavirus (“Covid-19”).

Insurance Law 03.04.2020
Covid-19 Contents
Announcement from the Ministry of Trade Regarding Dividend Distribution

Pursuant to letter dated 31 March 2020 sent by the Republic of Turkey Ministry of Trade (“Ministry”) to the Union of Chambers and Commodity Exchanges of Turkey, numerous chambers of commerce throughout Turkey published an announcement regarding dividend distributions on their websites starting from 2 April 2020 (“Announcement”).

Commercial Law 03.04.2020
Covid-19 Contents
Amendments Introduced to the Labor and Social Security Legislation through the Omnibus Bill No. 7226

Through the promulgation of the Law numbered 7226 on Amendments to Certain Laws (“Law”) published in the Official Gazette dated 26.03.2020 and numbered 31080 (bis) following amendments are introduced to the labor and social security legislation under the novel coronavirus (“Covid19”) measures. In this regard;

Labor Law 02.04.2020
Covid-19 Contents
The New Webpage Entitled “Antitrust Rules And Coronavirus” of the Directorate-General for Competition was established

European Commission’s Directorate-General for Competition (“DG Comp) established a new webpage entitled “antitrust rules and coronavirus”, which outlines policies and antitrust measures related to Covid-19 outbreak, on 30.03.2020. 

Competition Law 02.04.2020
Covid-19 Contents
Short-Term Working and Short-Term Working Allowance

The concepts of short-term working and short-term working allowance which find execution area in the period of novel coronavirus (“COVID-19”) pandemic, are regulated under additional Article 2 of the Law numbered 4447 on Unemployment Insurance.

Labor Law 02.04.2020
Newsletter Articles
Newsletter Articles
Covid-19 Contents
UK Government announced New Measures on Insolvency Law due to COVID-19 Pandemic

On March 28, 2020, the UK Government has announced new measures on bankruptcy law in order to support businesses during the COVID-19 outbreak.

Enforcement and Bankruptcy 01.04.2020
Covid-19 Contents
Amendments to the Communiqué on Procedures and Principles Regarding the Fees that Banks can charge Their Commercial Clients

Important amendments are made through the Communiqué ("Communiqué No. 2020/11"), regarding the Amendment of the Communiqué on Procedures and Principles Regarding the Fees That Banks Can Charge Their Commercial Clients ("Communiqué No. 2020/4"), published in the Official Gazette dated March 29, 2020 and No. 31083. The Communiqué No. 2020/11 shall enter into force on April 1, 2020.

Banking and Finance 01.04.2020
Newsletter Articles
Impact of COVID -19 on Arbitration
Arbitration April 2020
Covid-19 Contents
The Scope of Taxes that can be paid via Credit Card is expanded

Through the announcement published on the official website of Revenue Administration on 30th March 2020, the scope of tax types that can be paid from the Interactive Tax Office via credit card and contracted banks is expanded due to Covid-19 epidemic disease.

Tax Law 31.03.2020
Covid-19 Contents
Public Announcement has been published under the Law on Protection of Personal Data in the Process of Combating Covid-19

The Personal Data Protection Authority (“PDP Authority”) clarified the issues to be considered within the scope of the Law on the Protection of Personal Data No. 6698 (“Law”) in the process of combating Covid-19 with the Public Announcement (“Announcement”) published on 27.03.2020.

Personal Data Protection 31.03.2020
Covid-19 Contents
Amendments introduced to the Tax Legislation through the Omnibus Bill No. 7226

Through the promulgation of the Law Amending Some Laws No. 7226 (Law), published in the Official Gazette dated 26th March 2020 and No. 31080 (repeated), two important amendments are made in the tax legislation.

Tax Law 27.03.2020
Covid-19 Contents
ICC published Force Majeure and Hardship Clauses 2020

On March 25, 2020, International Chamber of Commerce (ICC) published the new force majeure and hardship clauses (ICC Force Majeure and Hardship Clauses 2020). 

Commercial Law 27.03.2020
Covid-19 Contents
Law No. 7226 Adopting Temporary Provisions on Suspension of Judicial Time Limitations and Payment of Workplace Rents entered into force

Important amendments were made with respect to time limitations in legal proceedings and lease contracts for workplaces through the Law No. 7226 Amending Certain Codes (“Law”) which was published in the Official Gazette dated 26 March 2020 and numbered 31080 (Bis 1).

Law of Civil Procedure 26.03.2020
Covid-19 Contents
Tax Procedural Code General Communiqué Regulating Taxpayers that may benefit from “Force Majeure” Regulations indicated under the Tax Procedural Code is published

Through the Tax Procedural Code General Communiqué Serial No. 518 (“Communiqué), published in the Official Gazette dated 24th March 2020 and No. 31078 (repeated), regulations are made in relation to the taxpayers that will benefit from the “force majeure” regulations indicated under Tax Procedural Code No. 213 (“TPC”) and in terms of tax applications.

Tax Law 25.03.2020
Covid-19 Contents
Competition Authority’s Public Announcement on Excessive Increase in Prices in the Food Market

An important statement is made by the Competition Authority (“Authority”) regarding the recent developments in the prices in the food market through the public announcement dated 23 March 2020 and published in the Authority’s web site.

Competition Law 24.03.2020
Covid-19 Contents
Submission and Payment Period of VAT Declarations and Submission of “Form Ba-Bs” Notifications are extended

Through the Tax Procedure Law Circular No.126 (“Circular”), which was published on the website of the Revenue Administration on March 23, 2020; 

Tax Law 24.03.2020
Covid-19 Contents
Ministry of Justice’s Circular on Suspending the Execution and Bankruptcy Proceedings in the Scope of COVID-19 Measures

Pursuant to the Presidential Resolution on Suspending the Execution and Bankruptcy Proceedings, which was published in the Official Gazette dated 22 March 2020 and numbered 31076, it has been decided to suspend all active execution and bankruptcy proceedings in the country until 30 April 2020. On the application of this Resolution, the Ministry of Justice, Department of Execution Proceedings published the Circular dated 24 March 2020 ("Circular"). 

Enforcement and Bankruptcy 24.03.2020
Covid-19 Contents
The Statement of the European Data Protection Board on Data Processing in the Context of the COVID-19 Outbreak

The European Data Protection Board (EDPB) has adopted a statement regarding processing of personal data in the context of the COVID-19 outbreak on 19 March 2020. In the statement, EDPB underlines that, the data controller and processor must ensure the protection of the personal data of the data subjects, even in exceptional times; however, data protection rules (such as the GDPR) do not hinder measures taken in the fight against the coronavirus pandemic.

Personal Data Protection 24.03.2020
Covid-19 Contents
Presidential Resolution on Suspending the Execution and Bankruptcy Proceedings in the Scope of COVID-19 Measures (Resolution No. 2279)

An important regulation is made temporarily in the execution and bankruptcy law through the Resolution No. 2279 Resolution on Suspending the Execution and Bankruptcy Proceedings (“Resolution”), published in the Official Gazette dated 22 March 2020 and No. 31076. The resolution is summarized below.

Enforcement and Bankruptcy 23.03.2020
Covid-19 Contents
Statement Regarding the General Assembly Meetings of Companies by the Ministry of Trade

Through the Statement Regarding the General Assembly Meetings of Companies dated 20.03.2020 (“Statement”), the measures taken regarding the company meetings in order to prevent spread of the Coronavirus COVID-19 outbreak were declared via website of the Ministry of Trade of Republic of Turkey.

Commercial Law 21.03.2020
Covid-19 Contents
The principles regarding the application of the Digital Service Tax is determined with the Digital Service Tax Application General Communiqué

Through the Digital Service Tax Application General Communiqué (“Communiqué”), published in the Official Gazette dated 20th March 2020 and No. 31074, the principles regarding the application of the Digital Service Tax (“DST”) is determined.

IT Law 20.03.2020
Covid-19 Contents
The Economic Stability Shield Package Prepared to Reduce the Effects of the Covid-19 Epidemic is Announced

'Economic Stability Shield' package aiming to take control of Covid-19 Epidemic’s impact on the Turkish economy is announced during the meeting held on 18th March 2020.

Commercial Law 19.03.2020
Covid-19 Contents
The Regulation on the Information Systems of the Banks and Electronical Banking Services

The Regulation on the Information Systems of the Banks and Electronical Banking Services (“Regulation”) is published in the Official Gazette dated 15 March 2020 and numbered 31069. Regulation will enter into force on 1 July 2020.

Banking and Finance 17.03.2020
Covid-19 Contents
Periods for Submission of Annual Income Tax Returns and the Payment Period of the First Installment are extended until 30th April

Periods for submission of annual income tax returns and the payment period of the first installment are extended until 30th April 2020 through the Tax Procedure Law Circular No.125 (“Circular”), published on the website of the Revenue Administration on 17th March 2020.

Tax Law 17.03.2020
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Turkish Wealth Fund
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Videos
Erdem & Erdem: Best Infrastructure Legal Advisor, Europe (World Finance Legal Awards 2016)

Erdem & Erdem: Best Infrastructure Legal Advisor, Europe (World Finance Legal Awards 2016)

Banking and Finance 16.01.2017
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Intellectual Property Law January 2017
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Holding Company Structure under Turkish Law
Commercial Law January 2017
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Booking.com Decision
Competition Law January 2017
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World Finance interviews Prof. Dr. H. Ercüment Erdem on Public-Private Partnerships (PPPs)

World Finance interviews Prof. Dr. H. Ercüment Erdem on Public-Private Partnerships (PPPs)

Banking and Finance 23.12.2016
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Soft Law in International Arbitration
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Financial Reporting Principles of Mutual Funds
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Competition Law November 2016
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Termination of Subscription Agreements
Consumer Law November 2016
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Challenging Decisions of the Regional Courts of Appeal
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Miscellaneous November 2016
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Şişecam And EBRD’s Cooperation in Cullet Recycling

Şişecam and EBRD announced the details of their cooperation in cullet recycling project during the press conference and signing ceremony in İstanbul on 28 June, 2016.

Commercial Law 5.07.2016
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The New Era For Mutual Funds – I
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