In an effort to improve collateralisation options and facilitate the access of small and medium-sized businesses to financing, Parliament recently adopted a new law introducing significant changes to pledges over movable assets. The Law on…
Following the entry into force of the Law Introducing Several Amendments in Different Laws to Improve the Investment Environment in August 2016, the Communique Regarding the Signing of the Articles of Association Before the Trade Registries…
Parliament recently enacted International Workforce Law 6735, which governs the employment of foreign individuals in Turkey. The law aims to: set the rules and principles regarding work permit applications and exemptions for foreign indiv…
Amendment Law Despite its strong economy and encouraging environment for investment, Turkey has been struggling to consolidate itself as an investment destination due to a series of terrorist attacks over the past year and the coup attempt…
Mandatory use of Turkish Law 805 on the Mandatory Use of the Turkish Language by Commercial Enterprises entered into force in April 1926 and still applies today. Under the law, all transactions, correspondence and agreements executed in Tur…
Introduction A joint stock company incorporated under Turkish law is managed and represented by a mandatory body of the company, its board of directors. Members of the board of directors owe the duties foreseen by the relevant legislation a…
The Law Introducing Several Amendments in Different Laws to Improve the Investment Environment ("Amendment Law") has been published on the Official Gazette and thus entered into force on 9 August 2016 in order to relieve the investors and t…