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,…
Development The Istanbul Chamber of Commerce Arbitration Center ("ITOTAM"), a prestigious arbitration center established in 1979 and frequently preferred in Turkey, has announced the revision of its arbitrator fee schedule and administrativ…
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…
In light of the expanding global economy, the Convention on the Settlement of Investment Disputes Between States and Nationals of Other States (“the Convention”) was established to provide legal protection for investors who make investments…
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…
I. Introduction In recent times, one of the most significant sectors that has started offering services through online platforms is tourism. With homeowners beginning to rent their properties to individuals and legal entities for tourism pu…
Pursuant to the Presidential Decree numbered 7887 published in the Official Gazette numbered 32380 and dated 25.11.2023, the minimum capital amounts stipulated under Articles 332 and 580 of the Turkish Commercial Code ("TCC") have been incr…
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…
As per the provisional Article 1 of the Communiqué on the Procedures and Principles of the Implementation of Article 376 of Turkish Commercial Code numbered 6102, which was published in the Official Gazette dated 15.09.2018 and numbered 305…