Development In order to address the wounds caused by the earthquake disaster that occurred on February 6, 2023, in Kahramanmaraş and affected many surrounding provinces, the Turkish Grand National Assembly enacted Law No. 7440 dated March 9,…
Under Article 18/A, paragraph 11 of the Mediation in Legal Disputes Act No. 6235 (“Act"), it was stipulated that a party who does not attend the mediation session will be held liable for all litigation costs and will not be awarded attorney…
Communiqué Amending the Communiqué (Communiqué No: 2024-32/69) Regarding the Decree No. 32 on the Protection of the Value of Turkish Currency, originally issued by the Ministry of Treasury and Finance (“The Communiqué”), has been published…
The Communiqué on Redetermination of Minimum Equity Amounts for Payment and Electronic Money Institutions (“Communiqué”)” was published in the Official Gazette numbered 32442 dated 27.01.2024. Along with the Communiqué, the minimum equity a…
The decision of the Public Oversight, Accounting and Auditing Standards Authority ("Authority") numbered 75935942-050.01.04-[01/21509], titled "Inclusion of Payment and Electronic Money Institutions in scope of Organizations Concerning Publ…
Regulation Amending the Regulation on the Implementation of the Turkish Citizenship Law ("Regulation”) was published in the Official Gazette numbered 32397 and dated December 12, 2023 and entered into force as of the same date. Pursuant to…
I. Introduction In practice, determining the legal liability of tenants, previous and current condominium owners (hereinafter “owners”) for various charges included in condominium dues by managements of gated communities and apartment build…
The periods stipulated below have been extended until 30.09.2023 upon the entry into force of the Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) published in…
Pursuant to the Communique on Redetermination of Minimum Equity Amounts of Payment and Electronic Money Institutions (“Communique”) published on the Official Gazette dated 28.01.2023 and numbered 32087, minimum equity amounts stipulated for…