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Asset Backed Versus Asset Based Sukuk and their Application in Türkiye Newsletter Articles
Asset Backed Versus Asset Based Sukuk and their Application in Türkiye

The goal of this article is to explain and compare asset backed and asset based sukuk structures and their application in Turkish leasing certificate issuance. Sukuk, an Arabic word which is the plural of Sakk, is the common name of sharia compliant bonds also referred to as Islamic bonds. However, the Arabic word...

Banking and Finance 31.12.2022
Recent Developments in Electricity Storage Activities Newsletter Articles
Recent Developments in Electricity Storage Activities

The first regulations on electricity storage activities were included in Electricity Market Law No. 6446 dated 14/3/2013 ("EML" or "Law"). Subsequently, the Regulation on Storage Activities in the Electricity Market ("Storage Activities Regulation"), which implements the law, entered into force through its publication...

Energy Law 31.12.2022
E-commerce Regulation Entered into Force Newsletter Articles
E-commerce Regulation Entered into Force

Law No. 6563 on the Regulation of Electronic Commerce (E-commerce Law or Law) has recently undergone a radical change in order to regulate the behavior of the players in the rapidly growing and developing e-commerce sector. The new regulations that came into force as of January 1, 2023 envisage important...

Commercial Law 31.12.2022
Stamp Duty Exemptions For Financial Restructuring Agreements Newsletter Articles
Stamp Duty Exemptions For Financial Restructuring Agreements

Provisional Article 32 was added to Banking Law numbered 5411 (“BL”) through Article 17 of the Law No. 7186 on Amendments to the Income Tax Law and Certain Laws ("Law No. 7186") in the Official Gazette on 19.07.2019. This law enables companies that are experiencing financial difficulties, but which are...


Tax Law 31.12.2022
German Supply Chain Due Diligence Act Entered Into Force Newsletter Articles
German Supply Chain Due Diligence Act Entered Into Force

On 11 June 2021, the German Federal Parliament approved the German Supply Chain Due Diligence Act (Lieferkettensorgfaltsgesetz) (“Act”) which affects not only German entities but also their suppliers in foreign countries (including Turkish entities). The main focus of the Act, which entered into force on...

Commercial Law 31.12.2022

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Prof. Dr. H. Ercüment Erdem
Piraye Erdem
Özgür Kocabaşoğlu
Süleyman Sevinç
Tuna Çolgar
Mert Karamustafaoğlu
Alper Uzun
Tolga Turan
Canan Doksat
Didem Adlığ Sönmez
Ecem Süsoy Uygun
Sevgi Ünsal Özden
Merve Bakırcı
Melissa Balıkçı Sezen
Tilbe Birengel
Hazel Coşkun Baylan
Mehveş Erdem Kamiloğlu
Duygu Öner Ayçiçek
Rüştü Mert Kaşka
Ece Özsü
Tolga Sevinir
Can Yıldız
Cem Akar
Helin Akbulut
Abdullah Bozdaş
Gülnur Çakmak
Aslı Su Çoruk
Merve Demirkaya
Ceren Eke
Beyza Günsel Sürücü
Defne Pırıldar
Melis Uslu
Nil Zeren Özdemir
İdil Yıldırım Günaydın
Yağmur Zeytinkaya Öztürk
Ege Arda Akçay
Tunahan Sefa Aydın
İdil Serra Firidin
Senem İmamoğlu
Orhan Emin Erdem
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Legal Developments
"Photovoltaic Cells" Imported for Solar Panels are Included in the Scope of Import Surveillance

Through the promulgation of the Communiqué on the Implementation of Surveillance in Imports (Communiqué No: 2023/2) (Communiqué) published in the Official Gazette dated 27 January 2023 and No. 32086, the procedures and principles regarding the surveillance implementation of photovoltaic cells...

Energy Law 27.01.2023
News
Erdem & Erdem appoints Tolga Turan as Energy Advisor

We are proud to announce that Tolga Turan has joined Erdem & Erdem as Energy Advisor.

Other 26.01.2023
Legal Developments
The Regulation on Administrative Sanctions of the Nuclear Regulatory Authority Entered into Force

The Regulation on Administrative Sanctions of the Nuclear Regulatory Authority (Regulation) has entered into force through its publication in the Official Gazette dated 24 January 2023 and numbered 32083. Significant provisions introduced by the Regulation are summarized...

Other 25.01.2023
Legal Developments
The German Act on Supply Chains Entered into Force

The German Act on Corporate Due Diligence Obligations in Supply Chains (Law), which was adopted by the German Federal Parliament (Bundestag) on June 11, 2021, entered into force on January 1, 2023. The Law will apply to German companies having at least 3,000 employees as of January 1, 2023...

Commercial Law 24.01.2023
News
The Russian Institute of Modern Arbitration Winter Academy 2023

Erdem & Erdem Founder and Senior Partner, the Chair of ICC Commercial Law and Practice Commission, member of ICC International Court of Arbitration and member of the ICC Institute of World Business Law, Prof. Dr. H. Ercüment Erdem gave an online lecture on M&A Arbitration at the Winter Academy...

Arbitration 19.01.2023
News
Energy Law Research Institute Energy Litigation Congress

Energy Law Research Institute organized the Energy Litigation Congress in Ankara on Wednesday, 11.01.2023. Erdem & Erdem, Partner, Competition & Compliance Leader and Energy Law Research Institute Board Member Mert Karamustafaoğlu took part in the panel discussion on...

Energy Law 19.01.2023
Legal Developments
The Taxpayer's Obligation to Notify the Tax Office for Certain Transactions Already Registered Before the Trade Registry is Abolished

Tax Procedure Law General Communiqué No. 546 (Communiqué) is published in the Official Gazette dated 18 January 2023 and No. 32077. Pursuant to the Communiqué, joint stock, limited liability company, unlimited liability company and limited partnership companies, cooperatives, Turkish branches of...

Tax Law 19.01.2023
Legal Developments
Amendment on The Regulation on Technical Evaluation of Solar Energy Based Electricity Generation Applications

The Regulation Amending the Regulation on Technical Evaluation of Solar Energy Based Electricity Generation Applications (Regulation) published in the Official Gazette dated 17 January 2023 and numbered 32076 entered into force...

Energy Law 17.01.2023
Legal Developments
2023 Severance Pay Cap is Determined

Law No. 7431 on Amendments to the Social Insurance and General Health Insurance Law, Certain Laws and Decree Law No. 375 (Law) was published in the Official Gazette dated January 13, 2023 and numbered 32072. With Article 7 of the Law, temporary Article 43 was added to the Decree Law No. 375 and...

Labor Law 17.01.2023
Publications
Personal Data Protection Bulletin - 2022 Fourth Quarter

Authors: Sevgi Ünsal Özden, Gülnur Çakmak, Melis Uslu

Personal Data Protection 16.01.2023
Legal Developments
Presidential Decision on Resource Utilization Support Fund

Through the promulgation of the Presidential Decision No. 6657 (Decision) on Resource Utilization Support Fund Deduction published in the Official Gazette dated January 10, 2023 and No. 32069, the Resource Utilization Support Fund rate for loans obtained by financial leasing companies from abroad is...

Tax Law 10.01.2023
Legal Developments
New Regulations in the Health Services Sector

The Regulation Amending the Regulation on Private Healthcare Institutions Providing Outpatient Diagnosis and Treatment (Outpatient Diagnosis and Treatment Regulation) and the Regulation Amending the Regulation on Private Hospitals (Private Hospitals Regulation) entered into force through its publication in the...

Health Law 10.01.2023
Legal Developments
Certain Tax Limits to be Applied during 2023 are Determined

Through the promulgation of relevant general communiqués published in the Official Gazette dated 30 December 2022 and No. 32059 (2nd Repeated), certain tax limits to be applied during 2023 were determined. Accordingly, above-mentioned communiqués are...

Tax Law 03.01.2023
Legal Developments
The Communiqué on Environmental Impact Assessment Qualification Certificate is Published

The Communiqué on Environmental Impact Assessment Qualification Certificate (Communiqué) entered into force following its publication in the Official Gazette dated 31.12.2022 and numbered 32060. With the Communiqué, the Communiqué on Environmental Impact Assessment Qualification Certificate published in...

Other 02.01.2023
Newsletter Articles
E-commerce Regulation Entered into Force

Law No. 6563 on the Regulation of Electronic Commerce (E-commerce Law or Law) has recently undergone a radical change in order to regulate the behavior of the players in the rapidly growing and developing e-commerce sector. The new regulations that came into force as of January 1, 2023 envisage important...

Commercial Law 31.12.2022
Newsletter Articles
German Supply Chain Due Diligence Act Entered Into Force

On 11 June 2021, the German Federal Parliament approved the German Supply Chain Due Diligence Act (Lieferkettensorgfaltsgesetz) (“Act”) which affects not only German entities but also their suppliers in foreign countries (including Turkish entities). The main focus of the Act, which entered into force on...

Commercial Law 31.12.2022
Newsletter Articles
Stamp Duty Exemptions For Financial Restructuring Agreements

Provisional Article 32 was added to Banking Law numbered 5411 (“BL”) through Article 17 of the Law No. 7186 on Amendments to the Income Tax Law and Certain Laws ("Law No. 7186") in the Official Gazette on 19.07.2019. This law enables companies that are experiencing financial difficulties, but which are...


Tax Law 31.12.2022
Newsletter Articles
Asset Backed Versus Asset Based Sukuk and their Application in Türkiye

The goal of this article is to explain and compare asset backed and asset based sukuk structures and their application in Turkish leasing certificate issuance. Sukuk, an Arabic word which is the plural of Sakk, is the common name of sharia compliant bonds also referred to as Islamic bonds. However, the Arabic word...

Banking and Finance 31.12.2022
Newsletter Articles
Recent Developments in Electricity Storage Activities

The first regulations on electricity storage activities were included in Electricity Market Law No. 6446 dated 14/3/2013 ("EML" or "Law"). Subsequently, the Regulation on Storage Activities in the Electricity Market ("Storage Activities Regulation"), which implements the law, entered into force through its publication...

Energy Law 31.12.2022
Newsletter Articles
Recent Keynotes of December 2022

The Resolution of the President dated 23.11.2022 and numbered 6416 on the Approval of the Economic and Financial Cooperation Agreement - Additional Agreement - signed between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on...

Other 31.12.2022
News
Competition Authority's Retail Investigations and 2023 Forecasts and Analyses

Erdem & Erdem Partner and Competition & Compliance Leader Mert Karamustafaoğlu was the guest of the was a guest of the “Piyasa Hattı” program presented by Güzem Yıldız and broadcast on BloombergHT on Wednesday, December 21 at 14.00...

Competition Law 30.12.2022
News
Koc University "Careers in Law" Event

Koc University Career Development Center and Koc University Law Club organized the "Careers in Law" event on 20 December - 6 January 2022. As part of the event, Erdem & Erdem Managing Associate and Tax Leader Canan Doksat, and Associate Helin Akbulut met with law students on...

Other 30.12.2022
Legal Developments
The Regulation on Electronic Commerce Intermediary Service Provider and Electronic Commerce Service Providers is Published

The Regulation on Electronic Intermediary Service Provider and Electronic Service Providers (Regulation) was published in the Official Gazette dated 29.12.2022 and numbered 32058.  With the Regulation, the procedures and principles regarding the implementation of the Law numbered 7416 Regarding...

Commercial Law 30.12.2022
Legal Developments
Law Amending the Electricity Market Law, Certain Laws and Decree No. 375 is Published

The Law Amending the Electricity Market Law, Certain Laws and Decree Law No. 375 (Omnibus Law) entered into force following its publication in the Official Gazette dated 28.12.2022 and numbered 32057. The Omnibus Law introduced significant amendments to the Law on Privatization Practices numbered...


Energy Law 29.12.2022
Legal Developments
The Regulation on the Procedures and Principles Regarding the Exemption of Sports Clubs and Sports Joint Stock Companies from Debt Restrictions

The Regulation on the Procedures and Principles Regarding the Exemption of Sports Clubs and Sports Joint Stock Companies from Debt Restrictions (Regulation) entered into force following its publication in...

Sports Law 26.12.2022
Legal Developments
The Presidential Decision Regarding the Entertainment Tax Rate is Published

The Presidential Decision numbered 6584 (Decision) on the entertainment tax rates regulated under Article 21 of the Law numbered 2464 on Municipal Revenues (Law) was published in the Official Gazette dated 21 December 2022 and numbered 32050...

Tax Law 21.12.2022
Legal Developments
The Revaluation Rate to be Applied to Motor Vehicle Tax for FY 2023 is Determined

As per the General Communiqué on Tax Procedure Law numbered 542 published in the Official Gazette dated 24 November 2022 and numbered 32023, the revaluation rate for 2022 was determined as 122.93%...

Tax Law 21.12.2022
Publications
Annual Tax Law Bulletin On Taxation Of The Digital Economy

Authors: Canan Doksat, Beyza Günsel Sürücü

Tax Law 15.12.2022
News
Yasar University Sports Law Summit 2022

The Sports Law Summit organized by Yaşar University Law Society was held on Wednesday, December 14th between 12:30 - 18:00 at Yaşar University Main Conference Hall. Can Yıldız, one of our associates, took part as a speaker in the event where many topics such as arbitration in sports, overview...

Sports Law 14.12.2022
Legal Developments
General Application Communiqué on Accommodation Tax is Published

Through the promulgation of the General Application Communiqué on Accommodation Tax (Communiqué), published in the Official Gazette dated 14 December 2022 and No. 32043, the procedures and principles for the implementation of the accommodation tax are regulated...

Tax Law 14.12.2022
News
ICC Panel on the International Sanctions, Risks and Measures for Companies

The ICC Turkish National Committee, in association with the ICC Entrepreneurship Center Istanbul Regional Office and the National Committee's Commercial Law and Practice Commission, hosted an online panel titled "International Sanctions, Risks, and Measures for Companies." on Tuesday, December 13...

Commercial Law 13.12.2022
Legal Developments
Mining Regulation has been Published

Mining Regulation (Regulation) entered into force following its publication in the Official Gazette dated December 11, 2022 and numbered 32040. Through this regulation, the mining regulation published in the Official Gazette dated September 21, 2017 and numbered 30187 (Previous Regulation) has been abrogated... 

Energy Law 13.12.2022
Legal Developments
The Law Amending the Law on the Regulation of Tobacco, Tobacco Products and Alcohol Market and Certain Laws

The Law Amending the Law on the Regulation of Tobacco, Tobacco Products and Alcohol Market and Certain Laws (Law) entered into force following its publication in the Official Gazette dated 10.12.2022 and numbered 32039. Significant amendments introduced by the Law are...

Other 12.12.2022
Legal Developments
The Regulation on Organ Transplantation Services is Published

The Regulation on Organ Transplantation Services (Regulation) entered into force following its publication in the Official Gazette dated 09.12.2022 and numbered 32038. Significant amendments introduced by the Regulation are...

Health Law 09.12.2022
News
The 2022 ICC Institute Jurisprudential Debate

The 2022 ICC Institute Jurisprudential Debate on "Asymmetric Jurisdictional Clauses" were held on Thursday, December 8, 2022 at the ICC Headquarters in Paris...

Arbitration 08.12.2022
Legal Developments
The Regulation Amending The Regulation on the Principals and Rules to be Implemented in Retail Trade is Published

The Regulation Amending The Regulation on the Principals and Rules to be Implemented in Retail Trade (Regulation) entered into force following its publication in the Official Gazette dated 07.12.2022 and numbered 32036...

Commercial Law 07.12.2022
News
Angel’s Day 2: "Reaching an Agreement with Entrepreneurs"

Tilbe Birengel, one of Erdem & Erdem's senior associates, took part as a speaker in the panel titled "Reaching an Agreement with Entrepreneurs" as part of the "Angel's Day 2" event organized by helo! on Friday, November 30th.

Other 07.12.2022
Legal Developments
The Administrative Letter has been Published Regarding the Practice in which Invoice is Issued in Foreign Currency but the Payment is made in Turkish Lira

Through the administrative letter dated 30.11.2022 and No. E-85593407-156.06 published by the Customs General Directorate of the Trade Ministry regarding the import transactions in which an invoice is issued in foreign currency but the payment is made, the issues that cause hesitation in practice in terms of...

Tax Law 05.12.2022
News
Istanbul Bilgi University Faculty of Law Club 21st Career Days in Law

Didem Adlığ, one of our managing associates, and Defne Pırıldar, one of our associates, met with Istanbul Bilgi University students as part of the "Istanbul Bilgi University Faculty of Law 21st Career Days in Law" organized by the Bilgi Law Faculty Club. The event was held on Friday, December 2nd at santralistanbul...

Other 05.12.2022
Legal Developments
Presidential Decision on Determination of Companies Subject to Independent Audit Has Been Published

Through the promulgation of President Decision No. 6434 (“Decision”) published in the Official Gazette dated 30th November 2022 and No. 32029, the procedures and principles regarding the companies subject to independent audit within the scope of Article 398 of the Turkish Commercial Code...

Capital Markets Law 02.12.2022
Newsletter Articles
An Examination of Loyalty Programs Under Personal Data Protection Legislation

The Personal Data Protection Authority (“DPA”), on 16.06.2022, published the Draft Guidelines on Examination of Loyalty Programs within the Scope of Personal Data Protection Legislation (“Draft Guidelines”). The public has until 16.07.2022 to submit comments on them, and after these are evaluated...

Personal Data Protection 30.11.2022
Newsletter Articles
Recent Keynotes of November 2022

The Resolution of the President dated 19.10.2022 and numbered 6238 on the Approval of the Memorandum of Understanding Between the Government of the Republic of Turkiye and the Government of the Federal Republic of Nigeria on Cooperation in the Field of Energy was published in the Official Gazette...


Other 30.11.2022
Newsletter Articles
The Recent Constitutional Court Decision Regarding an Employer’s Right to Supervise and Audit an Employee’s Communication

Today, in many employment contracts, the use of tools such as computers, corporate e-mail accounts, and telephones allocated by the employer is limited and the employer’s right to control them is regulated. The employer bases such a supervise and audit right on the management right regulated under Article 399...

Labor Law 30.11.2022
Newsletter Articles
Taxation of Capital Decrease Under Law No. 7420

Law No. 7420 on the Amendment of Income Tax Law and Certain Laws and Decrees (“Law No. 7420“) which was published in the Official Gazette dated 09.11.2022 introduced important amendments and regulations in the tax legislation. The addition of Article 32/B, entitled "Taxation in Capital Decrease" to...

Tax Law 30.11.2022
Newsletter Articles
Revised Swiss Company Law

On 21 December 2007, the Federal Council approved the draft revision of the Swiss Code of Obligations, which also includes amendments to company law. On 28 November 2014, the Federal Council referred the draft revision for consultation. Following extensive discussions and a long enactment process, the...

Commercial Law 30.11.2022
Newsletter Articles
The Principle of Revision au Fond in Arbitration

In the context of arbitration practice, the principle of revision au fond means that the courts can not examine the merits of a dispute when reviewing an arbitral award. This principle is most commonly encountered in set aside and enforcement proceedings. An arbitral award is evidence of the parties’ willingness...

Arbitration 30.11.2022
Newsletter Articles
Constitutional Court Decision on the Time Limit for Requesting an Appeal and the Right of Access to the Court

The Constitutional Court's decision dated 14.09.2022 and published in the Official Gazette dated 25.10.2022 and numbered 31994 ("the Constitutional Court Decision") examines whether the start of the application period related to the applicant’s request for appeal being from the date of the pronouncement of...

Law of Civil Procedure 30.11.2022
Legal Developments
The Law on Amendments to the Tax Procedure Law and Certain Laws Is Published

The Law on Amendments to the Tax Procedure Law and Certain Laws (Omnibus Law) entered into force through its publication in the Official Gazette dated 26.11.2022 and numbered 32025. The Omnibus Law amended the Law No. 4059 on Financial Stability and Certain Regulations (Financial Stability Law)...

Tax Law 28.11.2022
Legal Developments
The Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers Is Published

The Regulation (Amending Regulation) Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (Regulation) and the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service...

Banking and Finance 25.11.2022
Legal Developments
Draft Regulation Amending the Regulation on Debit Cards and Credit Cards is Published

On 28.10.2022, Banking Regulation and Supervision Agency published the Draft Regulation Amending the Regulation on Debit Cards and Credit Cards (Draft Regulation) on its website to receive market players’ comments...

Banking and Finance 24.11.2022
Legal Developments
SCT Bases Imposed on Some Private Cars Have Been Increased

Through the promulgation of President Decision No. 6417 (Decision) published in the Official Gazette dated November 24, 2022 and No. 32023, Special Consumption Tax (SCT) bases imposed on some private cars in the list (II) of the Special Consumption Tax Law No. 4760 have been changed...

Tax Law 24.11.2022
Legal Developments
The Revaluation Rate for 2022 Was Determined as 122.93%

Through the promulgation of Tax Procedural Code General Communiqué No.542 (Communiqué) published in the Official Gazette dated November 24, 2022 and No. 32023, the revaluation rate was determined as 122.93% for the year 2022...

Tax Law 24.11.2022
Legal Developments
The Expected Regulatory Changes as to Storage Activities in the Electricity Market Entered Into Force

Several changes have been made on Electricity Generation Regulation in the Electricity Market, the Regulation on Connection and System Usage in the Electricity Market, Electricity Market Balancing and Settlement Regulation, Regulation on Storage Activities in the Electricity Market, Electricity Grid...

Energy Law 21.11.2022
Legal Developments
The Constitutional Court Decision dated 21.09.2022 and with the Application Number 2019/25604 Has Been Published in the Official Gazette

The Constitutional Court (Court) Decision dated 21.09.2022 and with the application number 2019/25604 (Decision) has been published in the Official Gazette dated 15.11.2022 and numbered 32014. The Court ruled that the right to respect to privacy and freedom of communication were violated in...

Labor Law 16.11.2022
News
The New Order in Platform Services: Significant Market Power, Data and Much More

“The New Order in Platform Services: Significant Market Power, Data and Much More” Webinar organized by Erdem & Erdem Law Office was held on Wednesday, November 19. Erdem & Erdem Partner and Competition and Compliance Leader Mert Karamustafaoğlu, moderated... 

Competition Law 10.11.2022
Legal Developments
Amendment on the Communiqué on Article 376 of the TCC

Through the Communiqué on the Amendment Regarding the Communiqué on the Procedures and Principles Regarding the Application of Article 376 of the Turkish Commercial Code No. 6102 (“Communiqué”) published in the Official Gazette dated November 8th, 2022 and No. 32007, essential amendments are...

Enforcement and Bankruptcy 08.11.2022
Publications
Personal Data Protection Bulletin - 2022 Third Quarter

Authors: Mert Karamustafaoğlu, Sevgi Ünsal Özden, Defne Pırıldar, Merve Demirkaya

Personal Data Protection 04.11.2022
News
What Awaits the Payment Services Industry?

“What awaits the Payment Industry?” webinar organized by Erdem & Erdem Law Office was held on Wednesday, October 26. Erdem & Erdem Partner and Competition and Compliance Leader Mert Karamustafaoğlu, moderated the webinar in which Ulaş Erdur, Deputy General Manager of Garanti BBVA...

Competition Law 03.11.2022
Newsletter Articles
Deletion of WhatsApp Correspondence During On-Site Inspections

The right to make on-site inspections is one of the Competition Board’s (“Board”) most important tools for revealing whether Law No. 4054 on the Protection of Competition (“Law No. 4054”) has been violated. The effective use of this authority is quite important in terms of obtaining fruitful results from...

Competition Law 31.10.2022
Newsletter Articles
The Problem of the Limits of Certainty in Civil Procedural Law in the Light of the Court of Cassation Decisions

Under Turkish law, the term “limits of certainty” refers to monetary limits to the rights of appeal and cassation. While it is possible to appeal to a higher court against the decisions of the courts of the first instance and the courts of appeal where the amount of the claim or the value of the case is above these...

Law of Civil Procedure 31.10.2022
Newsletter Articles
The Decision of the Court of Cassation General Assembly on the Unification of Case Law Holding That Lawsuits Filed for Deferred Receivables Have to Be Dismissed Without Prejudice

The Court of Cassation General Assembly of Civil Chambers and the Chambers of the Court of Cassation both issued opinions on whether a lawsuit filed for not due receivables should be dismissed with or without prejudice by the court on the grounds that the time of performance has not yet come, and whether the...

Law of Civil Procedure 31.10.2022
Newsletter Articles
Guideline Introduced by The Central Bank on Business Models Used in Payments Associated with Payment Service Types

In September, the Central Bank of the Republic of Turkey (“CBRT”) published the Guide on Associating Business Models in the Field of Payments with Payment Service Types (“Guide”). The Guide includes explanations regarding payment services and electronic money issuance. An operating license is required...

Banking and Finance 31.10.2022
Newsletter Articles
Is the Missing Piece of the Puzzle Found in the Intersection Between GDPR and Antitrust Law?

The German Competition Authority (“Bundeskartellamt”) had previously found Meta (formerly Facebook) responsible for abusing its dominant position in the social network market by collecting and processing the personal data of its users without their consent and imposed measures on Meta and its associated...

Personal Data Protection 31.10.2022
Newsletter Articles
Re-employment Lawsuit in Light of the Recent Regulations

The right to initiate a re-employment lawsuit, is one of the job security provisions, stipulated in favor of the employees, of Labor Law No. 4857 ("Labor Law"). This right, aims to prevent arbitrary termination of the employment contract or termination of the contract without a valid reason by an employer...

Labor Law 31.10.2022
Newsletter Articles
Decisions on the Carrier's Liability in the Freight Contracts Rendered in 2020 and 2021

The Turkish Commercial Code No. 6102 ("TCC") regulates maritime trade contracts under the fourth part of the fifth book of the Code. Among the types of contracts regulated in this section, the most frequently used contract in international maritime transport practice is the freight contract regulated under...

Commercial Law 31.10.2022
Newsletter Articles
Recent Keynotes of October 2022

The Resolution of the President dated 26.09.2022 and numbered 6090 on the Approval of the Annexed Amendment Protocol signed by the Exchange of Letters dated 12.08.2022 and 31.08.2022 between the Government of the Republic of Turkey and the European Commission on the Amendment to...

Other 31.10.2022
News
AHK "Wealth Amnesty: Significant Tax Savings Opportunity" Webinar

The German-Turkish Chamber of Commerce and Industry organized a webinar titled "Wealth Amnesty: Significant Tax Savings Opportunity" on Thursday, October 20, 2022. Canan Doksat, Managing Associate and Tax Leader at Erdem & Erdem, and Betül Gencer, Associate at LW.P Lüders Warneboldt...

Tax Law 24.10.2022
Legal Developments
The Regulation on the Collection, Storage and Sharing of Insurance Data Entered into Force

The Regulation on the Collection, Storage and Sharing of Insurance Data (Regulation) entered into force through publication in the Official Gazette dated 18.10.2022 and numbered 31987. Some of the important provisions introduced by the Regulation are summarized...


Personal Data Protection 24.10.2022
News
Dealing with Force Majeure Events in International Trade, Unidroit Rome 2022

Dealing With Force Majeure Events in International Trade Conference took place at the International Institute for the Unification of Private Law (Unidroit), Rome on October 14, 2022. In the last years, Force Majeure and Hardship have become “hot issues” for business, and many companies found...

Commercial Law 21.10.2022
Legal Developments
The Law on the Amendment to the Press Law and Certain Laws Is Published

The Law on the Amendment to the Press Law and Certain Laws (Law) is published in the Official Gazette dated 18.10.2022 and numbered 31987. The Law amended a number of laws, most notably Press Law numbered 5187 (Press Law), Law on the Regulation of Internet Publications and Combating...

Other 19.10.2022
News
Istanbul Arbitration Week - ISTAW 2022

Istanbul Arbitration Week 2022 (ISTAW 2022) was organized by Energy Dispute Arbitration Centre EDAC at Sait Halim Paşa Mansion between October 10-14, 2022. The event was attended by 28 supporting organizations, including the most successful arbitration centers, organizations such as...

Arbitration 19.10.2022
Legal Developments
BITT Regulations Are Introduced Through the Promulgation of Expenditure Taxes General Communiqué Serial No. 92

Through the Expenditure Taxes General Communiqué Serial No. 92, ("Communiqué") published in the Official Gazette dated 11th October 2022 and no. 31980, banking and insurance transactions tax ("BITT") regulations are introduced regarding the taxation of the money received by insurance companies...

Tax Law 12.10.2022
Legal Developments
Various Regulations are Published on the Healthcare Sector

The Regulation on Private Healthcare Institutions Providing Oral and Dental Health Services, the Regulation Amending the Regulation on Private Healthcare Institutions Providing Outpatient Diagnosis and Treatment and the Regulation Amending the Regulation on Private Hospitals entered into force through...

Health Law 07.10.2022
News
Asia Alternative Dispute Resolution Week 2022

Asian International Arbitration Center (AIAC) is hosting "Asia Alternative Dispute Resolution Week 2022" in Malaysia from October 3 to October 8, 2022. This year’s event is conducted in a hybrid setting for 6-days: Live at Bangunan Sulaiman and virtually through the Brella platform...

Arbitration 07.10.2022
News
ICC Institute Advanced Level Training on Drafting Enforceable Awards

Erdem & Erdem Founder and Senior Partner, the Chair of ICC Commercial Law and Practice Commission, member of ICC International Court of Arbitration and member of the ICC Institute of World Business Law, Prof. Dr. H. Ercüment Erdem chaired the ICC Institute Advanced Level Training on Drafting...

Arbitration 06.10.2022
Legal Developments
The Regulation Amending the Regulation on Unlicensed Electricity Generation in the Electricity Market Entered into Force

The Regulation on Amending the Regulation on Unlicensed Electricity Production in the Electricity Market entered into force following its publication in the Official Gazette with the number 31970 on October 1, 2022...

Energy Law 03.10.2022
Newsletter Articles
Amendment on the Regulation of Electronic Commerce: “The Fire of Mount Doom”

“Harese” is an interesting Arabic word. There is a thorn that camels love very much in the desert. The camel eats the thorn with great greed. So much so that, its mouth bleeds as it eats, but it doesn't stop eating. The taste of the thorn is mixed with the salty taste of its own blood. This mixed taste drives the camel...

Competition Law 30.09.2022
Newsletter Articles
Invalidity of Exemption Agreements

Although the general principle in the law of contracts is freedom of contract or, in other words, freedom of will, the parties’ wills are not completely free in the case of exemption agreements. The validity of these agreements is limited by the mandatory provisions of the Turkish Code of Obligations...

Law of Obligations 30.09.2022
Newsletter Articles
Recent Disputes Regarding Incoterms in terms of Turkish Customs Law

Incoterms are a set of rules introduced by the International Chamber of Commerce (ICC) to explain the commercial terms that are widely used in international trade. The purpose of Incoterms rules is to facilitate and expedite international trade in a safe and secure manner...

Commercial Law 30.09.2022
Newsletter Articles
Turkish Competition Board Fines Digiturk

Turkey’s leading pay television service provider, Krea İçerik Hizmetleri ve Prodüksiyon A.Ş. (“Digiturk”), is frequently the subject of complaints made to the Competition Authority (“Authority”). In fact, the Competition Board (“Board”) issues a new decision about Digiturk almost every year. In these decisions...

Competition Law 30.09.2022
Newsletter Articles
Guidelines on Personal Data Protection in the Banking Sector Published by the Turkish Personal Data Protection Authority

Banks process large volumes of personal data in their daily operations. In order to deal with this sensitive information, the Turkish Personal Data Protection Authority, in cooperation with the Banks Association of Turkey, published Good Practice Guidelines on Personal Data Protection in the Banking...

Personal Data Protection 30.09.2022
Newsletter Articles
BRSA’s Circular on Disclosure of Confidential Information Regulation

The Banking Regulation and Supervision Agency (“BRSA”) published the Circular on the Disclosure of Confidential Information Regulation No.2022/1 (“Circular”) on 11.08.2022. The purpose of this Circular is to elaborate on concepts and procedures as outlined in the Regulation on Disclosure of...

Banking and Finance 30.09.2022
Newsletter Articles
Recent Keynotes of September 2022

The Resolution of the President dated 15.09.2022 and numbered 6080 on the Approval of the Memorandum of Understanding About Implementation of the Multilateral Tax Program Between the Government of the Republic of Turkey and the Organization for Economic Cooperation and Development at...

Other 30.09.2022
Legal Developments
The Presidential Circular numbered 2022/15 on Investment Program Preparations for the 2023-2025 Period is Published

The Presidential Circular numbered 2022/15 on Investment Program Preparations for the 2023-2025 Period is published in the Official Gazette dated 14.09.2022 and numbered 31953 (bis)...

Other 16.09.2022
Legal Developments
The Regulation on the Procedures and Principles Regarding the Merger of Sports Clubs and Transfer of their Assets is Published

The Regulation on the Procedures and Principles Regarding the Merger of Sports Clubs and Transfer of Assets entered into force through publication in the Official Gazette dated 14.09.2022 and numbered 31953...

Sports Law 16.09.2022
Legal Developments
Regulation on the Procedures and Principles Regarding the Electronic Seals is Published

The Regulation on the Procedures and Principles Regarding the Electronic Seal (Regulation) entered into force through its publication in the Official Gazette dated 14.09.2022 and numbered 31953. Main novelties brought by the Regulation are...

Law of Civil Procedure 14.09.2022
Legal Developments
Regulation on Books and Records to Be Kept by the Sports Clubs is Published

The Regulation on Books and Records to be kept by the Sports Clubs (Regulation) entered into force through its publication in the Official Gazette dated 07.09.2022 and numbered 31946...

Sports Law 08.09.2022
Newsletter Articles
Influencer Agreements

Since social media has turned into a modern mass communication tool, the concepts of advertising and marketing have been brought to a new dimension. Influencers, who promote various products and services by "influencing" their audience through social media, are driving the next generation of...

Labor Law 31.08.2022
Newsletter Articles
GDPR and Mass Claims

The procedural rules on mass claims within European Union (“EU”) Member States is not uniform. To improve the position of consumers who might wish to make such claims, the European Parliament passed the Collective Redress Directive (“Directive”). The impact of the Directive is expected to...

Personal Data Protection 31.08.2022
Newsletter Articles
Recent Keynotes of August 2022

The Resolution of the President dated 20.07.2022 and numbered 5801 on the Determination of the Default Interest Rate under the First Paragraph of Article 51 of the Law numbered 6183 on the Collection Procedure of Public Receivables as 2.5% to be Applied Separately for Each Month, was published...

Other 31.08.2022
Newsletter Articles
Important Amendments to the Regulation Concerning Unlicensed Electricity Generation in the Electricity Market

The Regulation Concerning Unlicensed Electricity Generation in the Electricity Market (“Regulation”) has been amended by the amending regulation which was published in the Official Gazette numbered 31920 and dated 11.08.2022 (“Amending Regulation”). The Amending Regulation has introduced...

Energy Law 31.08.2022
Newsletter Articles
Stamp Tax Liability in Free Zones

Free Zones are zones that are established to promote export-oriented investment and production, accelerate foreign direct investment and technology access, direct enterprises towards export, and develop international trade. There are many tax advantages provided to taxpayers operating in...

Tax Law 31.08.2022
Newsletter Articles
First Regulation of the New Turkish Law on Sports: Regulation on Registration of Sports Clubs and Sports Joint Stock Companies

Law No. 7405 on Sports Clubs and Sports Federations ("Law on Sports"), which entered into force after being published in the Official Gazette dated 26 April 2022 and numbered 31821, introduced many new provisions on clubs and federations. One of the most significant and noteworthy of these provisions...

Sports Law 31.08.2022
Legal Developments
Regulation on Transport Deal Organizer Was Published

The Regulation on Transport Deal Organizer (Regulation) entered into force through its publication in the Official Gazette dated 27.08.2022 and numbered 31936. The Regulation repealed the Freight Forwarders Regulation published in the Official Gazette...

Commercial Law 29.08.2022
Legal Developments
The Regulation Amending the Regulation on Workplace Opening and Operation Licenses Has Been Published

The Regulation (Amending Regulation) Amending the Regulation on Workplace Opening and Operation Licenses (Regulation) has entered into force through publication in the Official Gazette dated 25.08.2022 and numbered 31934...

Commercial Law 26.08.2022
Legal Developments
The Communiqué Amending the Communiqué on Maintenance of Turkish Lira-Denominated Securities for Foreign Currency Liabilities and the Communiqué on Required Reserves Were Published

The Communiqué Amending the Communiqué on Maintenance of Turkish Lira-Denominated Securities for Foreign Currency Liabilities and the Communiqué Amending the Communiqué on Required Reserves (together referred to as “Amendment Communiqués”) were published...

Banking and Finance 24.08.2022
Legal Developments
Regulation on the Amendment to the Regulation on Distance Agreements Was Published

Regulation on the Amendment to the Regulation on Distance Agreements (Amending Regulation) was published in the Official Gazette dated 23.08.2022 and numbered 31932...

Consumer Law 24.08.2022
Legal Developments
The Resolution of the President on Export Aids Was Published

The Resolution of the President numbered 5973 and dated 17.08.2022 on Export Aids (Resolution) entered into force through its publication in the Official Gazette...

Commercial Law 22.08.2022
Legal Developments
The Regulation Amending the Regulation on Shopping Malls Has Been Published in the Official Gazette

The Regulation (Amending Regulation) Amending the Regulation on Shopping Malls (Regulation) has entered into force through publication in the Official Gazette dated 18.08.2022 and numbered 31927...

Commercial Law 19.08.2022
Legal Developments
The Regulation on Control of Medical Waste Has Been Published in the Official Gazette

The Regulation (Amending Regulation) Amending the Regulation on Control of Medical Waste (Regulation) has entered into force through publication in the Official Gazette...

Other 19.08.2022
Legal Developments
The Constitutional Court Decision on the Cancellation of the Presidential Decree Regarding Financial Consistency Committee Has Been Published

The Constitutional Court Decision dated 01.06.2022 and numbered 2021/85 E. 2022/60 K. (Decision) has been published in the Official Gazette dated 18.08.2022 and numbered 31927. With the Decision, the Presidential Decree dated 29.06.2021 and numbered 74 Regarding Price Stability Committee...

Commercial Law 18.08.2022
Legal Developments
The Constitutional Court Decision on the Cancellation of the Presidential Decree Regarding Executive Committee for Industrialization Article 4/3(e) Has Been Published

The Constitutional Court Decision dated 01.06.2022 and numbered 2020/94 E. 2022/61 K. (Decision) has been published in the Official Gazette dated 18.08.2022 and numbered 31927. With the Decision, the Presidential Decree dated 13.10.2020 and numbered 68 Regarding Executive Committee...

Commercial Law 18.08.2022
Legal Developments
The Circular No. 2022/1 Explaining the Application of The Regulation for Disclosure of Confidential Information Has Been Published

On 11.08.2022 The Circular No. 2022/1 Explaining the Application of The Regulation for Disclosure of Confidential Information (The Circular) has been published by the Banking Regulation and Supervision Agency (BRSA). The Circular was published in order to shed light on the...

Banking and Finance 18.08.2022
Legal Developments
The Regulation Amending the Regulation on Unlicensed Electricity Generation in the Electricity Market Has Been Published in the Official Gazette

The Regulation (“Amending Regulation”) Amending the Regulation on Unlicensed Electricity Generation in Electricity Market ("Regulation") and Energy Market Regulatory Board’s decision dated 04.08.2022 numbered 11098 (“Decision”) have been published in the Official Gazette dated 11.08.2022 and...

Energy Law 12.08.2022
News
Erdem & Erdem Represented Acıbadem Healthcare Group in the Acquisition of Private Orthopedia Hospital

Acıbadem Healthcare Group, one of the academic health institutions that is referenced in the world which created a model for Turkey serving in 5 countries, namely Turkey, Macedonia, Bulgaria, Serbia and the Netherlands, acquired Private Orthopedia Hospital...

Mergers and Acquisitions 11.08.2022
Legal Developments
Guideline on Banking Sector Best Practices Regarding Personal Data Protection Has Been Published

On 05.08.2022, the Personal Data Protection Authority (“Authority”), published Guideline on Banking Sector Good Practices Regarding the Personal Data Protection (“Guideline”). The purpose of the Guideline is guiding data controller banks regarding the personal data processing activities carried out...

Personal Data Protection 09.08.2022
Legal Developments
Wealth Amnesty Communiqué has been Published

Through the promulgation of General Communiqué Serial No. 1 on Bringing Some Assets to the Economy (“Wealth Amnesty Communiqué”) which is published in the Official Gazette dated 9th August 2022 and no. 31918, the principles regarding the implementation of Wealth Amnesty which is...

Tax Law 09.08.2022
Legal Developments
The Regulation on Environmental Impact Assessment Has Been Published in the Official Gazette

The Regulation on Environmental Impact Assessment entered into force through publication in the Official Gazette dated 29.07.2022 and numbered 31907...

Other 02.08.2022
Legal Developments
The Constitutional Court Decision on the Cancellation of Provisional Article 30 of Law No. 4046 Has Been Published in the Official Gazette

The Constitutional Court Decision dated 20.07.2022 and numbered 2022/22 E. 2022/92 K. has been published in the Official Gazette dated 02.08.2022 and numbered 31911...

Other 02.08.2022
Newsletter Articles
Parties to a Share Transfer Agreement and Privity of Contract

As a rule, rights and obligations arising from an agreement have legal consequences only between the creditor and the debtor which are parties to the agreement. This principle is referred to as "privity of contract." In general, contracts for the benefit of third parties, where the fulfillment of an...

Commercial Law 31.07.2022
Newsletter Articles
Briefing for the Impact Assessment of the Data Act Has Been Published

In February 2020, the European Commission (“Commission”) published “A European Strategy for Data” as part of a wider drive concerning digital transformation and policy. Through this communication, the European Union (“EU”), defining itself as having a leading role in the data economy...

Personal Data Protection 31.07.2022
Newsletter Articles
A Current Decision of the Assembly of Civil Chambers of the Court of Cassation Regarding the Implementation of Amendment of Pleading

In general terms, the amendment of pleading is accepted as an exception to the prohibition of expanding and amending claims and defenses. With the amendment of pleading, the parties can partially or completely correct or amend the procedural actions that they could not perform due to the prohibition...

Law of Civil Procedure 31.07.2022
Newsletter Articles
The French Competition Authority’s Decision on Meta’s Commitments

The French Competition Authority (Autorité de la Concurrence), within the scope of the competition law proceeding initiated upon the complaint of Criteo SA (“Criteo”), accepted the commitments proposed by Meta Platforms Inc., Meta Platforms Ireland Ltd., and Facebook France...

Competition Law 31.07.2022
Newsletter Articles
A Different Approach to Monetary Fines for Hindering On-Site Inspection: The Decision of the Ankara II. Administrative Court

While the scope of Competition Board’s (“Board”) power to conduct on-site inspections has increased with the introduction of Guidelines on Examination of Digital Data during On-site Inspections (“Guidelines”), nowadays the amount of monetary fines imposed on undertakings continue to...

Competition Law 31.07.2022
Newsletter Articles
What Changes Does the Amended E-commerce Law Bring?

The rules of e-commerce, which grow and develop with the digitalizing world, are changing. E-commerce has become the driving force of the digital economy. However, considering the growth rate of e-commerce and the transformation it has undergone in a short time, it is obvious that some...

Commercial Law 31.07.2022
Newsletter Articles
Recent Keynotes of July 2022

Decision dated 27.06.2022 and numbered 5751 on the Ratification of the Fund Grant Agreement signed between Republic of Turkey Ministry of Labor and Social Security and International Bank for Reconstruction and Development, on 05.05.2022...

Other 31.07.2022
News
The Third Session of the Arbitration from Scratch series was held on July 22

Third session of the Arbitration from Scratch series, organized by Istanbul Very Young Arbitration Practitioners (IST-VYAP), was held on Friday, July 22 at Loft Plaza. with the participation of Mehveş Erdem...

Arbitration 22.07.2022
Legal Developments
Remote Working Period Has Been Amended for Technology Development Zones and R&D/Design Centers

Through the promulgation of Presidential Decision No. 5806 (“Decision”), published in the Official Gazette dated 21st July 2022 and No. 31899...

Labor Law 22.07.2022
Publications
Personal Data Protection Bulletin - 2022 Second Quarter

Authors: Mert Karamustafaoğlu, Sevgi Ünsal Özden

Personal Data Protection 21.07.2022
Legal Developments
Briefing for the Impact Assessment of Data Act Has Been Published

On 14.07.2022, the European Parliament Research Service published a briefing (“Briefing”) for the impact assessment (“IA”) of the regulation of the European Parliament and the European Council on harmonised rules on fair access to and use of data (“Data Act”), submitted on 23.02.2022...

Personal Data Protection 20.07.2022
News
Advanced Issues in Private and Commercial Law Summer School

The Advanced Issues in Private and Commercial Law Summer School, organised by the Kadir Has University Faculty of Law and aimed at presenting the perspectives of well-known experts and practitioners on private and commercial law...

Other 14.07.2022
Legal Developments
The Law Regarding the Amendment to the Law on Regulation of Electronic Commerce was published in the Official Gazette

The Law numbered 7416 Regarding the Amendment to the Law on Regulation of Electronic Commerce (“Law No. 7416”) was published in the Official Gazette dated 07.07.2022 and numbered 31889...

Commercial Law 08.07.2022
Legal Developments
Time Limitation is Envisaged for the Application of Interest Rate Deduction Resulting from Cash Capital Increase

Through Law No. 7417 on the Amendment to the Civil Servants Law, Certain Laws and Decree No. 375 ("Law No. 7417") published in the Official Gazette dated 5th July 2022 and No. 31887, a significant amendment is introduced for the application of interest rate deduction resulting from cash capital increase...

Tax Law 08.07.2022
Legal Developments
Significant Amendments on Some Tax Laws Entered into Force Through the Promulgation of the Law No. 7417

Through the Law No. 7417 on the Amendment to the Civil Servants Law, Certain Laws and Decree No. 375 ("Law No. 7417") which is published in the Official Gazette dated 5th July 2022 and No. 31887, significant amendments within Law No. 6183 on the Procedure for the Collection of Public Receivables...

Tax Law 07.07.2022
Legal Developments
New Wealth Amnesty entered into force through the Promulgation of the Law No. 7417

Through the promulgation of the Law No. 7417 on the Amendment to the Civil Servants Law, Certain Laws and Decree No. 375 ("Law No. 7417") which is published in the Official Gazette dated 5th July 2022 and no. 31887, new Wealth Amnesty has been introduced.

Tax Law 05.07.2022
Newsletter Articles
Evaluation of the Decisions of the 11th Civil Chamber of the Court of Cassation on the Similarity of Trademarks in 2022

The Court of Cassation has evaluated the criteria related to the similarity of the trademark in all of these decisions, and while showing how the criteria will be applied, it has also helped to determine the boundaries of the term “likelihood of confusion”. In this article, four different 2022 decisions...

Intellectual Property Law 30.06.2022
Newsletter Articles
Lawsuit for Dissolution of Companies for Just Cause

The dissolution of a company is a specific type of dissolution, which results in the cancellation of the legal personality which was gained by registration at incorporation. The specific proceeding which leads to the dissolution, and thus, the termination of a company upon the constitutive decision...

Commercial Law 30.06.2022
Newsletter Articles
The Rule of the Inalienability of the Author's Moral Rights

The relationship between the author and the product of their creative activity is protected by moral rights. The moral rights of the author set out in the Intellectual and Artistic Works Act numbered 5846 (“IAWA”) include the authority to disclose the work to the public, the authority to designate the name...

Intellectual Property Law 30.06.2022
Newsletter Articles
Decision of the Court of Cassation General Assembly Allowing Bankruptcy Proceedings Before Turkish Courts Despite the Existence of an Arbitration Agreement

Under Turkish law, parties may agree on the settlement of disputes that have arisen or may arise, regarding the rights that they can freely dispose of, by arbitration. However, disputes which are not subject to the will of parties, such as the disputes relating to in rem rights of immovables, bankruptcy law...

Arbitration 30.06.2022
Newsletter Articles
Parting Ways in Family Businesses

Companies in which shares or authority to manage is held by members of a family are considered to be “family businesses”. Family members can hold shares that control the company, as well as retain management authority. Having a family business means opportunity, security and income for...

Commercial Law 30.06.2022
Newsletter Articles
Recent Keynotes of June 2022

The Resolution of the President dated 23.05.2022 and numbered 5596 on the Ratification of the Economic and Financial Cooperation Agreement between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated...

Other 30.06.2022
Newsletter Articles
Regulation on Green Certificate for Buildings and Developments

The Regulation on Green Certificate for Buildings and Developments ("Regulation"), which was prepared for the purpose of reducing the negative impacts of buildings and developments on the environment by using natural resources and energy efficiently, entered into force through publication in...

Energy Law 30.06.2022
Legal Developments
The General Court of the European Union annulled the European Commission’s Violation Decision and Fine Imposed on Qualcomm

The General Court of the European Union ("General Court") annulled the decision of the European Commission ("Commission"), which found that Qualcomm, the world's largest LTE baseband chipset (“chipset”) supplier, had abused its dominant position in the said market and imposed a fine of €997 million...

Competition Law 29.06.2022
Legal Developments
The Period of the Application of Low Withholding Rates on Deposit Interest and Dividends Paid by Participation Banks are Re-Extended

Through the promulgation of the President Decision No. 5752 published in the Official Gazette dated 28th June 2022 and no. 31880 (“Decision”), the period of the application of the low withholding rates on the interest obtained from Turkish Lira...

Tax Law 28.06.2022
Legal Developments
Amendments to Regulation on the Procedures and Principles to be Applied in Tax Inspections

Through the promulgation of the Regulation on Amendment to Regulation on the Procedures and Principles to be Applied in Tax Inspections published in the Official Gazette dated 28th June 2022 and no. 31880, significant amendments were made to the rules applied in tax inspections...

Tax Law 28.06.2022
News
GAR Live: Istanbul 2022 Conference

Global Arbitration Review (GAR) hosted its eighth annual GAR Live: Istanbul Conference on June 23, 2022, at Ciragan Palace Kempinski...

Arbitration 28.06.2022
Legal Developments
Regulation on Processing of Land Registry and Cadastre Data and Transactions Held in Electronic Environment has been Published

The Regulation on Processing of Land Registry and Cadastre Data and Transactions Held in Electronic Environment regulating the procedure and principles regarding the process of the data in the Central Database of the General Directorate of Land Registry and the transactions held in electronic...

Personal Data Protection 16.06.2022
Legal Developments
Press Release on Measures to Strengthen Financial Stability has been Published

Following the press release of the Ministry of Treasury and Finance, on 09.06.2022 the Capital Markets Board announced its Measures to Strengthen Financial Stability to establish the "Commodity Market" and initiate its internal processes regarding issuance of gold certificates...

Capital Markets Law 16.06.2022
Legal Developments
The Rate of Increase for Housing Rents has been Limited

Following the publication of the Official Gazette dated 11.06.2022 and numbered 31863, The Law Amending the Attorneyship Law and Turkish Code of Obligations (“The Law”) has been entered into force...


Law of Obligations 14.06.2022
Legal Developments
An Investigation Has Been Initiated Against DSM Grup Danışmanlık Iletişim ve Satış Ticaret A.Ş.

Turkish Competition Board (“The Board”), with its decision numbered 22-24/385-M has decided to initiate an investigation against DSM Grup Danışmanlık İletişim ve Satış Ticaret A.Ş. (“Trendyol”)...



Competition Law 13.06.2022
News
The 6th Current Problems in Arbitration Webinar

The sixth of the "Current Problems in Arbitration" webinar series was held online on June 3, 2022, in cooperation with the Turkish Arbitration Academy and Istanbul Chamber of Commerce Arbitration and Mediation Center (ITOTAM). The event was consisted two sessions and lasted around 3 hours...

Arbitration 03.06.2022
Videos
Webinar: Current Problems in Arbitration IV

You can watch the recording of "Current Problems in Arbitration - IV" webinar here... (in Turkish)

Arbitration 03.06.2022
Legal Developments
Significant Amendments were Introduced to the Banking Law

Law No. 7407 on Amendments to the Banking Law, Certain Laws and Decree Law No. 655 ("Law") published in the Official Gazette dated 28.05.2022 and numbered 31849 introduced various amendments to the banking legislation. The amendments are briefly summarized...

Banking and Finance 01.06.2022
Legal Developments
Corporate Tax Exemption is Envisaged for The Gains Derived from the Conversion into Turkish Lira as per to the Balance Sheet Dated 31th March 2022

Through the promulgation of Law No. 7407 Amending the Banking Law, Some Laws and the Decree Law No. 655 (“Law No. 7407”), published in the Official Gazette dated 28th May 2022 and No. 31849, corporate tax exemption envisaged for incomes gained through currency protected TRY deposit accounts...

Tax Law 31.05.2022
News
An Overview and Comparison of the Leading Arbitral Bodies Around the Globe

Terralex, one of the world's leading legal networks, hosted a webinar titled "An Overview and Comparison of the Leading Arbitral Bodies Around the World" on May 17, 2022...


Arbitration 23.05.2022
Legal Developments
The Regulation Amending the Regulation on the Allocation of Public Immovables for Tourism Investments Has Been Published

The Regulation Amending the Regulation on the Allocation of Public Immovables for Tourism Investments (the “Amendment”) has entered into force through publication in the Official Gazette dated 14 May 2022 and numbered 31835...

Other 20.05.2022
Legal Developments
EU Commission Adopts New Vertical Block Exemption Regulation and Vertical Guidelines

European Commission adopted the new Vertical Block Exemption Regulation (“VBER”) accompanied by the New Vertical Guidelines on May 10, 2022. The new rules are simpler and clearer, which enables companies to assess the compatibility of...

Competition Law 13.05.2022
News
The outcomes of the Competition Authority's e-Marketplace Platforms Industry Review Report

Erdem & Erdem Partner, Competition and Compliance Leader Mert Karamustafaoğlu and Managing Associate Ecem Süsoy Uygun; were guest at the webinar titled “What are the outcomes of the Competition Authority’s E-Marketplace Platforms Industry Review Report?”, organized by...

Competition Law 12.05.2022
News
Tuna Çolgar Presented “Share Transfer Agreements” at Koc University

The Partnership Law Certificate Program organized by Koç University Faculty of Law was held online 27th of April, 2022 between 13.00-17:00...

Mergers and Acquisitions 05.05.2022
Newsletter Articles
Recent Amendments to Execution and Bankruptcy Law and Authorization of the Debtor for Sale by Consent

With Law No. 7343 on the Amendment of the Execution and Bankruptcy Law and Certain Laws, which entered into force through its publication in the Official Gazette dated 30.11.2021 and numbered 31675 and which was publicly referred to as the “5th Judicial Package”...

Enforcement and Bankruptcy May 2022
Newsletter Articles
ICCA General Report on the Right to a Physical Hearing in International Arbitration

On 4 September 2020, a research project “Does a Right to a Physical Hearing Exist in International Arbitration?” was launched by an International Council for Commercial Arbitration (“ICCA”) taskforce. Due to the Covid-19 pandemic, many arbitration hearings were held online. Many institutional rules...

Arbitration May 2022
Newsletter Articles
Recent Keynotes of May 2022

The Resolution of the President dated 23.04.2022 and numbered 5520 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the Republic of Cote D’Ivoire Concerning the Reciprocal Promotion and Protection of Investments...

Other May 2022
Newsletter Articles
2022 DIAC Arbitration Rules

Dubai International Arbitration Center amended its Arbitration Rules on 25 February 2022. The 2022 Arbitration Rules were published on 2 March 2022 and came into effect on 21 March 2022. The Rules will be applied to arbitrations that are filed after 21 March 2022; unless parties agree otherwise...

Arbitration May 2022
Newsletter Articles
European Courts’ Diverging Approach over Intra-EU Investment Arbitrations

In the aftermath of the Achmea decision, controversies on intra-EU arbitrations continue. Most recently, the Paris Court of Appeal has annulled two arbitral awards rendered against Poland. Meanwhile, the Higher Regional Court of Berlin has refused to declare that an Irish investor’s ICSID claim...

Arbitration May 2022
Newsletter Articles
Analyzing Capital Replenishment Funds in Terms of Tax Law

Through the promulgation of Law No. 7394 on the Amendments of Treasury-Owned Immovable Property Valuation and the Value Added Tax Law and on the Amendments of Certain Other Laws and Decrees, published in the Official Gazette dated 15 April 2022 and No. 31810, significant amendments...

Tax Law May 2022
Newsletter Articles
Constitutional Court Decision Review: Limits of the Employers’ Management Right

The dominant position of the employer due to the nature of the employment relationship, the dependency of the employee, and the obligation to work constitute the basis of the employer's right to manage. The right to manage refers to the right to regulate the conduct of the work and the behavior...

Labor Law May 2022
Newsletter Articles
The Constitutional Court’s Decision on Cahide Demir’s Application with regards to the Right to Property

The Constitutional Court, in its decision dated 14.09.2021 on application no. 2018/25663 (“Decision"), found that applicant Cahide Demir’s right to property was violated on the ground that the mortgage on her real estate, established to secure a third party’s debt, had not been released by the...

Law of Obligations May 2022
News
INCOTERMS® 2020 and the Relationship of Payment Methods with Delivery Methods

The training program organized by ICC Turkey National Committee, titled “INCOTERMS® 2020 and the Relationship of Payment Methods with Delivery Methods” was held online between 10.00 – 15.30, on April 27th, 2022. INCOTERMS® 2020 sets the universally...

Commercial Law 27.04.2022
News
ELSA Istanbul Competition Law Contest

The "Competition Law Contest", organized with the cooperation of ELSA Adana and ELSA Istanbul, was held in Istanbul on 23-24 April 2022...

Competition Law 24.04.2022
News
ELSA Ankara Summit 2022

The ELSA Ankara Summit, which is held every year by ELSA Ankara, took place on Sunday, April 24, 2022, at the Excellence Inn Hotel Ankara in four sessions...

Competition Law 24.04.2022
Publications
Personal Data Protection Bulletin - 2022 First Quarter

Authors: Mert Karamustafaoğlu, Sevgi Ünsal Özden

Personal Data Protection 22.04.2022
Legal Developments
Ministry of Treasury and Finance Published an Announcement Regarding the Communiqué No. 2022-32/66 on Decree No. 32

Following the publication of The Communiqué No. 2022-32/66 Amending the Communiqué No. 2008-32/34 (“Communiqué No. 2008-32/34”) regarding the Decree No:32 on Protection of the Value of Turkish Currency (“Communiqué No. 2022-32/66”) in the Official Gazette...

Banking and Finance 22.04.2022
Legal Developments
Law No. 7394 Including Significant Amendments in Some Tax Laws is Published

Through the promulgation of Law No. 7394 on the Amendments of Treasury-Owned Immovable Property Valuation and the Value Added Tax Law and on the Amendments of Certain Other Laws and Decrees (“Law No. 7394”), published in the Official Gazette...

Tax Law 21.04.2022
Legal Developments
Obligation to Pay in Turkish Lira in Contracts for Sale of Goods Has Been Introduced

The Communiqué No. 2022-32/66 Amending the Communiqué No. 2008-32/34 (“Communiqué”) regarding the Decree No:32 on Protection of the Value of Turkish Currency was published in the Official Gazette dated 19 April 2022 and No. 31814...


Banking and Finance 20.04.2022
News
Mert Karamustafaoğlu Shared His Evaluations About Retail Chains on CNN Türk

Mert Karamustafaoğlu, Partner, Competition and Compliance Leader of Erdem & Erdem was the guest speaker of the ‘Vizör’ program on CNN Türk on March 31, 2022, on the problems in food supply that deepened after the global epidemic and the Ukraine-Russia war...


Competition Law 14.04.2022
News
Erdem & Erdem kept its place as Top Tier Law Firm at Legal 500 EMEA Guide 2022

Legal 500, one of the leading international legal directories which provides rankings of law firms based on client feedback and market research, published their Europe, Middle East & Africa (EMEA) 2022 results. Erdem & Erdem has been...

Other 13.04.2022
News
2nd Bucerius Conference on Investment Law and Arbitration

The 2nd Bucerius Law School Conference on Investment Law and Arbitration, with Dr. Yas Banifatemi and Professor Dr. Kaj Hobér as Honorary Patrons, was held on April 2 and 3, 2022, at Bucerius Law School, Hamburg, Germany. The conference was a part of...

Arbitration 11.04.2022
Publications
The Dispute Resolution Review 2022: Turkey Chapter

Authors: Alper Uzun, Mehveş Erdem, Duygu Öner Ayçiçek

Arbitration 06.04.2022
Legal Developments
Charging Service Regulation Has Been Published

With the Charging Service Regulation (“Regulation”) which has been published in the Official Gazette dated 2nd April 2022 and No. 31797, the procedures and principles regarding the establishment of charging units and stations where electrical...

Energy Law 04.04.2022
Newsletter Articles
Electric Vehicle Charging Network Operating License

In response to the rapid increase of use of electric vehicles, legislative and regulatory initiatives have been taken to create a legal framework for electric vehicle charging services. On 21.12.2021, Electricity Market Act numbered 6446 (“EMA”) was amended to introduce charging services...

Energy Law April 2022
Newsletter Articles
Recent Amendments in Consumer Law

Pursuant to the Law on the Amendment of the Consumer Protection Law and the Property Ownership Law published in the Official Gazette dated April 1, 2022 and numbered 31796, various amendments were made to Consumer Protection Law No. 6502...

Consumer Law April 2022
Newsletter Articles
The E-Marketplace Platforms Sector Inquiry Final Report and What It Brings

Due to their increasing share in the economy and rapid growth rate, e-marketplace platforms have come under the increasing scrutiny of the Turkish Competition Authority (“Authority”) as well as many competition authorities around the world...

Competition Law April 2022
Newsletter Articles
Sports Clubs and Sports Joint Stock Companies under the New Sports Law

The Sports Clubs and Sports Federations Law (“Sports Law”), published in the Official Gazette dated 26.04.2022 and numbered 31821, introduced detailed regulations on sports clubs, sports joint stock companies, and sports federations. The Sports Law, which entered into force on the date of...

Sports Law April 2022
Newsletter Articles
The First Settlement Case in Turkish Competition Law

The settlement mechanism has only recently been introduced to Turkish competition law practice. It entered into force with the amendment made to the Law on the Protection of Competition (“Law”) numbered 4054 on 16.06.2020, and has been in effect for less than two years. In this relatively...

Competition Law April 2022
Newsletter Articles
Hub and Spoke Cartel in Comparative Law

The hub and spoke cartel, which is a relatively new type of violation in terms of Turkish competition law, is defined as the indirect exchange of information between two independent undertakings which are horizontal competitors on the supplier or retailer level, through another undertaking...

Competition Law April 2022
Newsletter Articles
News
Practical Competition Law Seminars 2022

In the third week session of the program, held on March 24, 2022, Erdem & Erdem Law Firm Partner and Competition & Compliance Leader Mert Karamustafaoğlu and Senior Associate Merve Bakırcı evaluated the commitment mechanism...

Competition Law 30.03.2022
Publications
IFLR M&A Report 2022 Turkey Chapter

Authors: Prof. Dr. H. Ercüment Erdem, Tuna Çolgar, Melissa Balıkçı Sezen

Mergers and Acquisitions 24.03.2022
Publications
The Legal 500 Country Comparative Guides: Turkey - Banking and Finance

Authors: Prof. Dr. H. Ercüment Erdem, Özgür Kocabaşoğlu, Didem Adlığ

Banking and Finance 24.03.2022
News
Istanbul Bilgi University Faculty of Law Club 20th Career in Law Event

The 'Career Days in Law' event, organized for the twentieth time by the Istanbul Bilgi University Faculty of Law Club, took place both face-to-face at Bilgi University SantralIstanbul campus and online on March 10-11 and 17-18, 2022...


Other 17.03.2022
News
Canan Doksat is appointed as the Chair of Young IFA Turkey

Canan Doksat has been appointed as the chair of Young IFA Turkey on 05.03.2022. We congratulate Canan Doksat and we are delighted to share this news with you...

Other 09.03.2022
Legal Developments
Nuclear Regulation Law Has Entered into Force

The Nuclear Regulation Law No. 7381 (“The Law”) has entered into force through its publication in the Official Gazette dated 08.03.2022 and numbered 31772. The Law introduces many rules and regulations to minimize the risks that can be result from the nuclear energy...

Insurance Law 08.03.2022
Legal Developments
Significant Amendments are Introduced to the Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board

Pursuant to the Communiqué Amending Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board (“Amending Communiqué”) published in the Official Gazette...

Competition Law 04.03.2022
News
Bilkent University 10th Career in Law Forum

The '10th Law Students Forum,' organized by Bilkent University Career in Law Club, took place online between February 21 and 27, 2022...

Other 03.03.2022
Newsletter Articles
A Recent Constitutional Court Decision on the Failure to Use Expropriated Immovables for Expropriation Purposes

In a decision dated 29.09.2021 with application number 2018/357 (“Decision”), the Constitutional Court decided by a large majority that the applicant's right to property was violated due to the fact that the immovables expropriated for the purpose of mass housing construction...

Law of Civil Procedure March 2022
Newsletter Articles
A New Glance at Online Sales: The Competition Board’s BSH Decision

The Competition Board (“Board”) has recently published a reasoned decision in which it evaluated BSH Ev Aletleri Sanayi ve Ticaret A.Ş.’s (“BSH”) request for negative clearance or exemption with regard to its practice of prohibiting authorized dealers from making sales through online marketplaces...

Competition Law March 2022
Newsletter Articles
Effects of the War in Ukraine on Football: New Temporary FIFA Rules on Employment and Registration

On 7 March 2022, a press release was published on the official website of the Federation Internationale de Football Association (FIFA) regarding the amendments made to the Regulations on the Status and Transfer of Players (RSTP) due to the extraordinary...

Sports Law March 2022
Newsletter Articles
Digitalization of the Economy and the Global Minimum Corporate Tax

In recent years, many new business models have emerged and traditional business models have changed greatly, within the increasing digitalization in the economy. Along with said change, challenges arose for taxing the international business income of...

Tax Law March 2022
Newsletter Articles
Penalty for Breach of a Non-Compete Covenant: An Exception to the Prohibition of a Penalty Only Against the Employee

A non-compete covenant prohibits employees from competing on their own or a third party's behalf in the same field of activity as their former employer for a certain period of time after the termination of an employment contract. By the execution of a non-compete covenant...

Labor Law March 2022
Newsletter Articles
Amendments Introduced to the Communique Concerning the Mergers and Acquisitions Requiring Competition Board’s Approval

Pursuant to the Amendment Communiqué Concerning the Mergers and Acquisitions Requiring the Competition Board’s Approval (“Amending Communiqué”) published in the Official Gazette dated March 4th, 2022 and numbered 31768, certain amendments have been introduced...

Competition Law March 2022
Legal Developments
Many Countries Including the USA and European Union Member States, Decided to Impose Heavy and Comprehensive Economic Sanctions Against Russian Federation

Following Russian Federation’s invasion of Ukraine, many countries, especially the European Union member states, the United States, United Kingdom, Japan and Canada, agreed on imposing heavy economic sanctions against Russia...

Other 01.03.2022
Newsletter Articles
News
Didem Adlığ joined Erdem & Erdem as Managing Associate

We are proud to announce that Didem Adlığ joined Erdem & Erdem as Managing Associate.

Other 25.02.2022
Legal Developments
The Regulation on Processing and Protection of Personal Data by the Social Security Institution was Published

The Regulation on Process and Protection of Personal Data by the Social Security Institution (“Regulation”) entered into force through its publication in the Official Gazette dated 19.02.2022 and numbered 31755.

Personal Data Protection 23.02.2022
Legal Developments
An Amendment Has Been Made to Capital Movements Circular

Article 38/2 of the Capital Movements Circular published by the Turkish Central Bank on 02.05.2018 (“Circular”) has been amended with the letter of Ministry of Treasury and Finance dated 08.02.2022 and numbered...

Capital Markets Law 17.02.2022
Legal Developments
The Communiqué on Remote Identification Methods used by Intermediary Institutions and Portfolio Management Companies and Establishment of Contractual Relations in Electronic Environment

The Communiqué (III-42.1) on Remote Identification Methods to be Used by Intermediary Institutions and Portfolio Management Companies and...

Banking and Finance 11.02.2022
Legal Developments
The Regulation on the Provision of Remote Health Services Has Been Published

The Regulation on the Provision of Remote Health Services (“Tele-Med Regulation”), which was prepared to serve the provision of health services independently of place and geography and based on modern medical technology, entered into force through...

Health Law 10.02.2022
Legal Developments
The Regulation on Environmentally Responsible Design of Energy-Related Products Entered into Force

Regulation on Environmentally Responsible Design of Energy-Related Products entered into force through its publication in the Official Gazette dated 05.02.2022 and numbered 31741. The Regulation...

Energy Law 07.02.2022
Legal Developments
Banking Regulatory and Supervisory Authority Introduces New Amendments

Following the publication of the Official Gazette dated 04.02.2022 and numbered 31740, the Banking Regulatory and Supervisory Authority (“BRSA”) made amendments regarding the banking sector which...

Banking and Finance 04.02.2022
Legal Developments
The Regulation on the Enforcement of International Workforce Law Has Been Published

Through the Regulation on the Enforcement of International Workforce Law published in the Official Gazette dated 02.02.2022 and numbered 31738, the Regulation on the Enforcement of the Law on Work Permits of Foreigners has been superseded...

Labor Law 04.02.2022
Legal Developments
Law No. 7352 on the Postponement of Inflation Adjustment and Corporate Tax Exemption Regarding Income Gained Through Currency Protected TRY Deposit Accounts is Published

Through the promulgation of Law No. 7352 Amending Tax Procedure Law and the Corporate Tax Law (“Law No. 7352”), published in the Official Gazette dated 29th January 2022...

Tax Law 03.02.2022
Legal Developments
The Regulation Amending the Regulation on Commercial Advertising and Unfair Commercial Practices Has Been Published

Pursuant to the Regulation Amending the Regulation on Commercial Advertising and Unfair Commercial Practices (“Amending Regulation”) published in the Official Gazette dated 01.02.2022 and numbered 31737...

Consumer Law 02.02.2022
Newsletter Articles
A New Era: The Personal Information Protection Law of the People’s Republic of China

The Personal Information Protection Law of the People’s Republic of China (“PIPL”) passed at the 30th meeting of the Standing Committee of the 13th National People’s Congress on 20 August 2021 and entered into force on 1 November 2021 as per Article 74...

Personal Data Protection February 2022
Newsletter Articles
The Regulation on Protection and Processing of Personal Data by the Social Security Institution

The Regulation on Protection and Processing of Personal Data by the Social Security Institution (the “Regulation”), the purpose of which is to determine the procedures and principles for processing data obtained within the scope of the duties and authority of...

Personal Data Protection February 2022
Newsletter Articles
Board Members’ Financial Rights in the Context of Disguised Profit Transfers

The concept of disguised profit transfer in joint stock companies, in its broadest meaning, covers the transfer of company assets to related parties and may occur in different ways. This concept is regulated in detail under capital markets legislation...

Commercial Law February 2022
News
Ecem Süsoy Uygun was promoted to Managing Associate

We are proud of announcing that Ecem Süsoy Uygun was promoted to Managing Associate, as of January 1, 2022.

Other 01.02.2022
Newsletter Articles
NFTs In Terms of Intellectual Property Law

The right to property, which is one of the concepts and values underlying the liberal economic and legal system, regulates the ownership relationship between the person and goods. The scope of the term “goods,” which is the subject of the concept of property...

Intellectual Property Law February 2022
Newsletter Articles
Recent Keynotes of February 2022
Other February 2022
Newsletter Articles
Decision of the Regional Court of Appeal Stating that Misinterpretation of Law Provisions in Arbitration Proceedings Does Not Contrary to Public Order

Under Turkish law, the legal remedy that can be applied against arbitral awards is an annulment action. Law on International Arbitration No. 4686 (“IAL”) finds its application area in arbitration proceedings where Turkey is the place of arbitration...

Arbitration February 2022
Newsletter Articles
Security Requirement Envisaged for Tax Refund Cases in order to Claim Suspension of Execution

Through the promulgation of the Law No. 7351, published in the Official Gazette dated 22.01.2022 and no. 31727, essential amendments are introduced to Turkish tax legislation. Apart from the tax amendments, a new provision has been added to...

Tax Law February 2022
Newsletter Articles
E-Marketplace Platforms Industry Review Preliminary Report Part 2: “Shahmaran’s Story”

Shahmaran, a Mesopotamian myth, is believed to take place in Tarsus. According to the myth, the shah of snakes is the immortal and omniscient "Shahmaran." Shahmaran is described as a beautiful woman living in her cave with her snakes...

Competition Law February 2022
News
Sevgi Ünsal Özden was promoted to Managing Associate

We are proud of announcing that Sevgi Ünsal Özden was promoted to Managing Associate, as of January 1, 2022.

Other 01.02.2022
Legal Developments
Communiqué Regarding Issuance of Secured Capital Market Instruments Has Been Published

The Communiqué Regarding Issuance of Secured Capital Market Instruments (II-31/B.1) (“Communiqué”) entered into force through its publication in the Official Gazette dated 26.01.2022 and numbered 31731...

Capital Markets Law 27.01.2022
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
All Eyes of the Data Protection Authorities are on Cookies!

In today's world, there is no doubt that data has become one of the most valuable assets and resources for some companies. The ability to collect, store, process, and analyze data on a large scale has dramatically changed...

Personal Data Protection January 2022
Newsletter Articles
The Effects of the Recent Decision by the Turkish Competition Board on Market Chains and Their Suppliers

During the COVID-19 pandemic, competitive concerns about the pricing behavior of chain markets, manufacturers, and wholesalers engaged in the retail trade of food and cleaning supplies led to an investigation by...

Competition Law January 2022
Newsletter Articles
The Landesbank Decision

It is well known that following a decision of the Court of Justice of the European Union, problems arose related to arbitration of intra-EU disputes, and particularly arbitration under the Energy Charter Treaty...

Arbitration January 2022
Newsletter Articles
The Sanction of a Contract Provision Being Deemed Unwritten in the Context of General Terms and Conditions

The use of general terms and conditions is a commercial reality not only in consumer transactions but also in commercial transactions in certain industries such as automotive, banking, insurance, telecommunications and energy...

Law of Obligations January 2022
Newsletter Articles
Recent Keynotes of January 2022
Other January 2022
Newsletter Articles
The New Communiqué on Crowdfunding

The Capital Markets Board’s (“Board”) long-awaited Communiqué on Crowdfunding No. III - 35/A.2 (“Communiqué”) entered into force through its publication in the Official Gazette numbered 31641 and dated 27 October 2021...

Capital Markets Law January 2022
Publications
Electricity Distribution Sector Report

Authors: Mert Karamustafaoğlu, Can Yıldız

Energy Law 31.12.2021
Legal Developments
European Council Adopted 9th Package of Sanctions Against Russian Federation

The European Council (Council) adopted the 9th Sanction Package (Sanction Package) to be applied against Russian Federation on 16.12.2022. The most notable sanctions imposed by the European Union (EU) against the Russian Federation under the Sanctions Package are summarized...

Other 22.12.2021
News
Att. Piraye Erdem is appointed as Chairperson of the Board of SEV

Att. Piraye Erdem, the Founding and Managing Partner of Erdem & Erdem, was appointed as Chairperson of the Board of Directors of the Health and Education Foundation (SEV), one of Turkey's oldest and well-established institutions. Att. Erdem took over the position of Chairperson of the Board of Directors...

Other 20.12.2021
News
Career Tailoring by Bilkent University

‘Career Tailoring’ a career day event organized by Bilkent University Law Community, took place online between 3-5 December 2021...

Other 04.12.2021
Newsletter Articles
Share Subscription Agreements

Share subscription agreements, which are commonly encountered in start-up investments, set out the terms and conditions of an investor’s participation in a company as a shareholder by subscribing the new shares issued in a capital increase...

Capital Markets Law December 2021
Newsletter Articles
Arbitration of Corporate Law Disputes: The Swiss Example, Lessons to be Learnt and Suggestions

Arbitration in corporate law contains controversial elements in many respects, especially the issue of arbitrability. Even in legal systems where these disputes are considered to be arbitrable, uncertainties remain on whether an arbitration clause can be included in the articles of...

Arbitration December 2021
Newsletter Articles
On-Site Inspections in Light of the Recent Decisions of the Competition Authority

When the past decisions and the recent decisions of the Competition Board (“Board”) are examined, a significant increase can be observed in the number of decisions where the Board found hindrance or obstruction of on-site inspections. This situation shows that...

Competition Law December 2021
Newsletter Articles
Taxation of Social Media Content Producers Earnings in Light of Recent Changes

Social media has emerged with the development of the digital world and internet technology and has greatly influenced the world today. One of the main categories of actors in social media is social media content producers. These people earn through social networks in...

Tax Law December 2021
Newsletter Articles
The Consequences of Not Specifying the Reasons for Appeal in a Petition of Appeal to The Regional Courts of Appeal

The possibility of appellate review of questions of fact, as well as of law, was introduced into Turkish law with an amendment made in the abrogated Civil Procedure Code No. 1086, through Law No. 5239 dated 26.09.2004. However, the Regional Courts of Appeal, which are the courts...

Law of Civil Procedure December 2021
Newsletter Articles
The European Commission Fines Banks for Participating in a Forex Cartel

The European Commission began investigating the collusive behavior of Credit Suisse, UBS, Barclays, RBS, and HSBC in the Foreign Exchange (forex) spot trading market in 2019. With the recent press release dated 02.12.2021, the Commission announced that the case is now closed...

Competition Law December 2021
Newsletter Articles
Electronic Signature Under Turkish And German Laws

The electronic signature, which has the same legal consequences as wet signatures if it meets certain conditions, has taken its place in many legal systems and has enhanced commercial life. Although there are various types and applications in different legal systems...

Commercial Law December 2021
Newsletter Articles
Recent Keynotes of December 2021
Other December 2021
News
Webinar: Understanding Competition Law and Current Developments in Competition Law

Mert Karamustafaoğlu, one of Erdem & Erdem’s Partner and Competition & Compliance Leader gave a training on an online event titled " Understanding Competition Law and Current Developments in Competition Law" organized by Aegean Exporters' Associations on Thursday, November 18th...

Competition Law 18.11.2021
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
Tax Amendments Introduced Through the Law No. 7341

Tax Amendments Introduced Through the Law No. 7341

Tax Law 9.11.2021
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
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
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
Recent Keynotes of November 2021
Other November 2021
Newsletter Articles
The Right to Be Forgotten
Personal Data Protection November 2021
Newsletter Articles
Hub and Spoke Cartels
Competition Law November 2021
Newsletter Articles
E-Marketplace Platforms Industry Review Preliminary Report Part 1: “Captain, an object is approaching”

Digitalization, in particular, necessitates the rewriting of competition law rules. Competition law is at the center all questions regarding e-commerce and digital platforms. The aforementioned platforms, which have become prominent due to innovations in...

Competition Law November 2021
Newsletter Articles
Newsletter Articles
A Recent Decision of the Court of Cassation General Assembly of Civil Chambers on the Conditions of Unquantified Debt Lawsuits

Recently, the requirements of unquantified debt lawsuits have been subjected to the examination and review of the Court of Cassation. The Court of Cassation General Assembly of Civil Chambers, in its decision dated 07.07.2021 and numbered 2021/485 E. 2021/971 K. (“Decision”), examined whether...

Law of Civil Procedure November 2021
Legal Developments
Communiqué on Crowdfunding Has Been Published

Communiqué on Crowdfunding Has Been Published

Commercial Law 28.10.2021
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
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 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
News
Arbitration in the Resolution of Corporate Law Disputes

The "Arbitration in the Resolution of Corporate Law Disputes" conference, which is organized in collaboration with the Republic of Turkey Ministry of Commerce General Directorate of Domestic Trade, Istanbul Chamber of Commerce Registry Office, and Istanbul Chamber of Commerce...

Arbitration 16.10.2021
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
Turkish Mortgage Covered Bonds

Mortgage covered bonds are one of today’s most common structured finance products. Although they have a prominent presence in the marketplace today, these bonds have historical roots in the Pfandbrief of 18th century Prussia. In the aftermath of the Seven Years War, King Frederick the Great implemented...

Capital Markets Law 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
Newsletter Articles
Recent Keynotes of October 2021
Other October 2021
Newsletter Articles
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
The Practice of Green Bonds in the World and Turkey
Capital Markets Law October 2021
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
News
Competition Board's Recent Retail Investigations

Erdem & Erdem Partner and Competition & Compliance Leader Mert Karamustafaoğlu was the guest of the "Competition Talks with Ali & Gökşin", a program moderated by former competition experts Ali Ilıcak and Gökşin Kekevi...

Competition Law 12.09.2021
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
Newsletter Articles
Recent Keynotes of September 2021
Other September 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
The Prohibition of Inconsistent Behavior
Law of Civil Procedure September 2021
News
Erdem & Erdem Represented Akinon on $20 Million Investment

Akinon, which is supporting the omni-channel operations and digital transformation processes of Turkey's and the world's leading retail brands with its cloud-based solutions, attracted $20 million investment in the investment tour led by Actera Group and Revo Capital. Erdem & Erdem is proud to support Akinon...

Other 24.08.2021
News
Erdem & Erdem is Among the Top 100 Law Firm in International Arbitration in 2021

Global Arbitration Review, which closely follows international developments in the field of arbitration and conducts extensive market research, selects the top 100 law firms in international arbitration worldwide as a result of its annual research. We are very pleased to announce to you that Erdem & Erdem has...

Arbitration 24.08.2021
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 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 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 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
News
Alper Uzun has been promoted as Partner

We are very proud to announce that Alper Uzun has been promoted as Partner, as of July 1, 2021...

Other 01.07.2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Dispute Resolution in the Digital Age

Arbitration has benifited from a great increase in the use of technology which has directly effected the conduct of proceedings. More particularly, with digitalization, the way that we conduct arbitration proceedings has been changed to reflect the current needs of parties, with an aim of increasing time...

Arbitration July 2021
Newsletter Articles
Settlement Regulation Enters into Force
Competition Law July 2021
News
Canan Doksat has been promoted as Managing Associate

We are very proud to announce that Canan Doksat has been promoted as Managing Associate, as of July 1, 2021...

Other 01.07.2021
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
News
GAR Connect: Eastern Mediterranean

Organized by Global Arbitration Review, the “GAR Connect: Eastern Mediterranean event was held online on June 24, 2021. Arbitration experts around the world and senior executives of many global institutions attended the event where the latest developments and current practices in the field of arbitration in...

Arbitration 24.06.2021
News
The First Issue of the Journal of Protection of Personal Data in 2021 has been Published

The new issue of the international, academic, open access and peer-reviewed "Personal Data Protection Journal", issued every six months by the Personal Data Protection Authority, was published on 23 June 2021...

Personal Data Protection 23.06.2021
News
ICC Dispute Resolution Bulletin 2021 has been published

The second issue of the ICC Dispute Resolution Bulletin 2021, which is prepared by arbitration and dispute resolution experts from different countries of the world and includes articles on doctrines, litigation decisions (awards, procedural decisions), global developments, ICC activities, book reviews and ICC...

Commercial Law 23.06.2021
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
News
The Competition Law and Practices Certificate Program

The Competition Law and Practices Certificate Program was held by Istanbul Ticaret University between April 3rd and June 5th. The program consisted of three-hour 16 modules whose participants were lawyers, legal interns, students that are interested in competition law and the professionals that are dealing...

Competition Law 05.06.2021
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 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
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 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
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
Newsletter Articles
Newsletter Articles
Protection and Registration of Designs
Intellectual Property Law June 2021
Newsletter Articles
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
News
Publication Announcement of “ICC Model Contracts for Start-ups”

International Chamber of Commerce (ICC) published “ICC Model Contracts for Start-ups” which was developed by a dedicated working group of international expert practitioners associated with the ICC Commission on Commercial Law and Practice (CLP) benefited particularly...

Commercial 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
News
IDI Annual Conference 2021

The 2021 meeting of the IDI Annual Conference, organized by The International Distribution Institute (IDI) who brings lawyers, legal advisors and business people together from around the world, is held online on 10-20-27 May and 10-17 June 2021 due to the coronavirus pandemic...

Arbitration 17.05.2021
News
Attorneyship Summit 2021 has been organized by Baskent University Law Society

The "Attorneyship Summit" organized by Başkent University Law Society was held online on 8-9 May 2021 with the participation of experts in their fields and leading law firms across Turkey...

Other 08.05.2021
News
Erdem & Erdem kept its place as Top Tier Law Firm in Dispute Resolution at Legal 500 EMEA Guide 2021

Erdem & Erdem has been ranked again as a Top Tier law firm for its Dispute Resolution practice. Our Founder & Senior Partner Prof. Dr. H. Ercüment Erdem and Our Partner and Head of Dispute Resolution Süleyman Sevinç have been ranked in elite “Leading Individuals” list in this area again...

Other 04.05.2021
Covid-19 Contents
Cheque Submission Periods were Postponed

Cheque Submission Periods were Postponed


Tax Law 03.05.2021
News
Newsletter 2020 has been published

Despite all challenges and obstacles of the last year, we have adapted to the effects of the Covid-19 epidemic and, we are honored and delighted to present to you our new book, ‘Newsletter 2020’ published by On İki Levha Yayincilik...

Other 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
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
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
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
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
Legal Developments
Competition Board's Investigation against Google concluded

Competition Board's Investigation against Google concluded

Competition Law 16.04.2021
Legal Developments
Social Security Institution Introduced New Codes for Termination

Social Security Institution Introduced New Codes for Termination

Labor Law 12.04.2021
Videos
Webinar: "Effects of New Regulations and PSD2 on the Fintech Ecosystem: Where Are We, Where Are We Going?"

You can watch the webinar: “Effects of New Regulations and PSD2 on the Fintech Ecosystem: Where Are We, Where Are We Going?” here... (in Turkish)

Capital Markets Law 12.04.2021
News
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
Amendments to Regulation on the Conciliation Before Assessment

Amendments to Regulation on the Conciliation Before Assessment

Tax Law 8.04.2021
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

Authors: Mert Karamustafaoğlu, Merve Bakırcı

Competition Law April 2021
Newsletter Articles
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
Assignment of the Author’s Economic Rights
Intellectual Property 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”

You can watch the “Obstacles Faced by Start-ups” webinar here... (in Turkish)

Banking and Finance 23.03.2021
News
Obstacles Faced by Start-ups

The live webinar titled “Obstacles Faced by Start-ups”, organized with the cooperation of Erdem & Erdem Law Office and Turkish Capital Markets Association (TCMA) was held on 23 March 2021. In the online panel moderated by Tevfik Eraslan, TCMA Chairman of the Board, Prof. Dr. H. Ercüment Erdem...

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
News
16th ICC Turkish Arbitration Day

16th ICC Turkish Arbitration Day, organized with the cooperation of the International Court of Arbitration of the International Chamber of Commerce (ICC), , National Commitee of ICC Turkey and the Union of Chambers and Commodity Exchanges of Turkey (TOBB), was held online on 17-18 March 2021...

Arbitration 18.03.2021
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
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
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
News
SME Labs 2: ICC Expedited Arbitration

The second SME training titled “ICC Expedited Arbitration” organized by International Chamber of Commerce (ICC) for small and medium sized enterprises (SME’s) and newly-established companies to discover ICC dispute resolution tools is held live online on March 16th, 2021...

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
Newsletter Articles
Newsletter Articles
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
Newsletter Articles
Appealing Final Court Decisions

In a state where the rule of law prevails, legal remedies are indispensable to eliminate judicial errors through the supervision of court decisions. However, legal disputes must be settled at some point and decisions must be finalized. In this Newsletter, appellate procedures against final court decisions will be...

Law of Civil Procedure March 2021
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
News
The Arbitration School: ICC Arbitration Rules in Light of the 2021 Changes

Organized by Marmara University Faculty of Law, Department of Private International Law and Istanbul Arbitration Center (ISTAC), the 24th panel of the Arbitration School titled "ICC Arbitration Rules in the Light of 2021 Changes" was held on 24th of February, 2021 between 17:00 and 19:00 and broadcasted...

Arbitration 24.02.2021
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
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
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
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
News
Video Conference: Competition Violations Through Processing of Personal Data in Light of WhatsApp Data Policy Amendment

A video conference on “Competition Violations Through Processing of Personal Data in Light of WhatsApp Data Policy Amendment” organized by Energy Law Research Institute (ELRI), was held as livecast on 11 February 2021...

Personal Data Protection 11.02.2021
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
SCT Rates on Electric Cars were increased

SCT Rates on Electric Cars were increased

Tax Law 2.02.2021
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
Newsletter Articles
Breach of Concordat by the Debtor
Enforcement and Bankruptcy February 2021
Legal Developments
VAT in Urban Transformation was reduced to 1%

VAT in Urban Transformation was reduced to 1%

Tax Law 1.02.2021
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
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
Recent Keynotes of February 2021
Other February 2021
Newsletter Articles
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
Publications
Newsletter 2021
Other January 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of January 2021
Other January 2021
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
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
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
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
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
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
Newsletter Articles
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
Newsletter Articles
Newsletter Articles
Recent Keynotes of December 2020
Other December 2020
Newsletter Articles
Protection of Trade Secrets
Intellectual Property Law December 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
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
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
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
News
The Arbitration School: “Challenge of the Arbitrator"

Organized by Marmara University Faculty of Law, Department of Private International Law and Istanbul Arbitration Center (ISTAC), the 21th panel of the Arbitration School titled " Challenge of the Arbitrator" was held on 25th of November, 2020 and broadcasted live on Youtube...


Arbitration 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
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
News
10th Competiton Law Certification Program

10th Competition Law Certificate Program was held by Istanbul Bilgi University between October 10 and November 22. The program consisted of 16 modules whose participants were lawyers, legal interns, students that are interested in competition law and the professionals...

Competition Law 22.11.2020
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
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
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
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
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
News
Istanbul PPP Week 2020

The 5th Public Private Partnership (PPP) Week, organized with the cooperation of the Foreign Economic Relations Board (DEİK) and the Istanbul PPP Center of Excellence (PPPCoE), was held online between 2 and 5 November 2020. The event, which included project presentations of senior...


PPP 05.11.2020
Newsletter Articles
Bitcoin under Turkish Law
Law of Obligations November 2020
Newsletter Articles
Recent Keynotes of November 2020
Other November 2020
Newsletter Articles
2021 ICC Arbitration Rules
Arbitration November 2020
Newsletter Articles
Newsletter Articles
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
News
Alper Uzun’s Book on Taxation of Joint Ventures under Turkish Law was published

The book titled ‘Türk Hukukunda İş Ortaklıkları ve Vergilendirilmesi (Taxation of Joint Ventures Under Turkish Law)’ of Alper Uzun, who is Managing Associate and Mediator in Dispute Resolution Department of Erdem & Erdem, was published by On İki Levha Yayıncılık...

Tax Law 24.10.2020
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
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
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
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
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
Recent Keynotes of October 2020
Other October 2020
Newsletter Articles
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
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
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
The New Cartel Decision of the Competition Board
Competition Law September 2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
The Communiqué on Board of Debt Instrument Holders
Capital Markets Law September 2020
Newsletter Articles
Special Consumption Tax (SCT) from Past to Today

The 1990’s hold significant importance by means of the developments that took place in the global economy. During the transition to the second half of the 1900’s, the Federal Reserve increased interest rates, and the hot money flow changed its direction from East Asian countries to the West...

Tax Law September 2020
Newsletter Articles
Recent Keynotes of September 2020
Other September 2020
Newsletter Articles
Freight Forwarder Contract under Turkish Law
Commercial Law September 2020
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
Recent Keynotes of August 2020
Other August 2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
LCIA Rules 2020
Arbitration August 2020
Newsletter Articles
Veto Rights in Joint Stock Companies
Commercial Law August 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
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
Amendment on Unemployment Insurance Law, Labor Law and Occupational Health and Safety Law

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...

Labor Law 28.07.2020
News
What does Competition Law Amendments bring?

From Erdem & Erdem, Partner and Competition & Compliance Leader Mert Karamustafaoğlu and Senior Associate Elif Mungan were the guests of the live broadcast on YouTube Channel themed “What Does The Competition Law Amendments Bring?” held by Prof. Dr. Tekin Memiş who is the faculty member...


Competition Law 08.07.2020
News
Counsel for Claimant in Arbitration in İstanbul Chamber of Commerce Arbitration and Mediation Center

The live broadcast on “Counsel for Claimant in Arbitration in İstanbul Chamber of Commerce Arbitration and Mediation Center (ITOTAM)” organized by Istanbul Bar Association Arbitration Center was held on July 7, 2020 from the Instagram account of Istanbul Bar Association Arbitration Center. Fatih Işık...

Arbitration 07.07.2020
Newsletter Articles
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
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
News
Arbitration School: Judicial Expenses and Costs in Arbitration

Marmara University Faculty of Law, Department of Private International Law and Istanbul Arbitration Centre (ISTAC) organized the last panel of “Arbitration School 2019-2020” on “Judicial Expenses and Costs in Arbitration”. The panel was held as livecast at Youtube Channel of Arbitration School...

Arbitration 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
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
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
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
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
Newsletter Articles
A New Era in Lease Agreements
Law of Obligations June 2020
Newsletter Articles
Newsletter Articles
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
Newsletter Articles
Newsletter Articles
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
News
Arbitration School: Emergency Arbitrator Panel

Panel on Emergency Arbitrator of Arbitration School organised by Marmara University Faculty of Law International Private Law Department and the Istanbul Arbitration Center (ISTAC), was held as live broadcast on Arbitration School’s Youtube Channel on May 13, 2020...

Arbitration 13.05.2020
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
News
International Arbitration During Covid-19

A webinar on international arbitration during COVID-19, organised by the Law Academy and the Istanbul Arbitration Association (ISTA), was held on Thursday, May 7, 2020. At the webinar, which was broadcasted live from the social media accounts of ISTA and the Law Academy simultaneously, Vice Chairman...

Arbitration 07.05.2020
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
Newsletter Articles
Ship Hypothéque under Turkish Law
Commercial Law May 2020
Newsletter Articles
Newsletter Articles
News
Practical Competition Law Seminars

Since 2006, the Institute of Social Sciences at Istanbul Bilgi University, offers the Practical Competition Law Seminars within the framework of Law Master’s program. This year, the program which aims to provide information on Turkish and comparative competition law practice and shed light on current problems...

Competiton Law 30.04.2020
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
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
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
News
Erdem & Erdem kept its place as Top Tier Law Firm in Legal 500 EMEA Guide 2020

Erdem & Erdem has been ranked again as a Top Tier law firm for its Dispute Resolution practice. Our Founder & Senior Partner Prof. Dr. H. Ercüment Erdem and Our Partner and Head of Dispute Resolution Süleyman Sevinç have been ranked in elite “Leading Individuals” list in this area...

Other 20.04.2020
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
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
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
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 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
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
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
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
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
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
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
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
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
Impact of COVID -19 on Arbitration
Arbitration April 2020
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
Newsletter Articles
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
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
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
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
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
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
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
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
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
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
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
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
News
ICC YAF: Complex Arbitrations

3rd session of the panel series on “Complex Arbitrations” organized by ICC Young Arbitrators Forum (ICC YAF) was held on the 3rd of March at Ferko Signature with the sponsorship of Erdem & Erdem. The Panel attended by young arbitration practitioners aged 40 and under, focused on Article 7 to 10 of...

Arbitration 03.03.2020
News
TÜSİAD Gulf Network Launch

TÜSİAD Gulf Network Study Group has organized and attended a series of meetings in Dubai, aiming to enhance bilateral economic relations with the region and to promote trade and investment to/from Turkey. TÜSİAD Gulf Network Launch was held in Dubai at Burj Al Arab Hotel on 2nd of March. In this context...


Commercial Law 02.03.2020
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Relative Grounds for Refusal in Trademark Registrations
Intellectual Property Law February 2020
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The File of Sahibinden.com; A Phoenix Story
Competition Law February 2020
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Recent Keynotes of February 2020
Other February 2020
News
ICC Turkish Arbitration Day 2020

ICC Turkish Arbitration Day 2020 was held on 24 January 2020 at Fairmont Quasar Istanbul Hotel. The conference, which aims to contribute to the development of international commercial and investment arbitration in Turkey and to promote Istanbul as a place for arbitration and alternative dispute resolution, was...

Arbitration 24.01.2020
Publications
IFLR M&A Report 2020 Turkey Chapter

Authors: Prof. Dr. H. Ercüment Erdem, Özgür Kocabaşoğlu

Mergers and Acquisitions 2020
Publications
Newsletter 2020
Other January 2020
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Recent Keynotes of January 2020
Other January 2020
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Evidential Contracts in Turkish Law of Evidence
Law of Civil Procedure January 2020
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Legal Liability of Limited Company Managers
Commercial Law January 2020
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Recent Keynotes of December 2019
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Distribution of Dividends in Public Companies
Capital Markets Law December 2019
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Recent Keynotes of November 2019
Other November 2019
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Absolute Grounds for Refusal in Trademark Registration
Intellectual Property Law November 2019
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Employer’s Remedies under FIDIC Silver Book
Commercial Law October 2019
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Arbitration in Construction Industry
Arbitration October 2019
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Recent Keynotes of October 2019
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Legal Liability of Doctors
Health Law October 2019
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Second Stage in Facebook File
Competition Law September 2019
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Recent Keynotes of September 2019
Other September 2019
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Revision to International Commercial Terms: Incoterms® 2020

INCOTERMS are a set of rules introduced by the International Chamber of Commerce (ICC) to explain the commercial terms that are widely used in international trade. The purpose of the Incoterms rules is to contribute to and facilitate the safe and swift conduct of international trade...

Commercial Law September 2019
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Healthcare Sector Publishes a Guideline on Data Protection
Personal Data Protection September 2019
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Basketball Arbitral Tribunal
Arbitration August 2019
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Recent Keynotes of August 2019
Other August 2019
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Transfer of Seized Shares
Commercial Law July 2019
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Singapore Convention on Mediation
Mediation July 2019
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Draft Communiqué on Equity Based Crowdfunding
Capital Markets Law May 2019
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Corporatization of Football Clubs
Commercial Law April 2019
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2016 York Antwerp Rules
Commercial Law March 2019
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Genuine Use of the Trademarks
Intellectual Property Law March 2019
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Issuance of Shares in Registered Capital System
Capital Markets Law February 2019
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Recent Developments Regarding Concordat
Enforcement and Bankruptcy February 2019
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Recent Keynotes of February 2019
Other February 2019
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VAT on Exchange Difference
Tax Law February 2019
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Newsletter 2019
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Taxation of Capital Decrease
Tax Law January 2019
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Recent Keynotes of January 2019
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Recent Keynotes of December 2018
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Coexistence Agreements
Intellectual Property Law December 2018
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Intragroup Loans
Law of Obligations December 2018
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Recent Keynotes of November 2018
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Qualifications and Duties of Concordat Trustee
Enforcement and Bankruptcy November 2018
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Recent Keynotes of October 2018
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Recent Keynotes of September 2018
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Amendments on Capital Loss and Insolvency
Commercial Law September 2018
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Foreign Currency Payment Ban
Commercial Law September 2018
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Recent Keynotes of August 2018
Other August 2018
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Public Disclosure Obligation
Capital Markets Law August 2018
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