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News & Insights

February 2, 2018

It Is Now Easier to Keep Track of Your Goods in Customs

Legal Alerts
International Commercial and Trade

Recent Development The Turkish Ministry of Customs and Trade (the “Ministry“) had announced that a brand new system called Customs Goods Tracking and Analytical Performance Program (tr.”GET-APP Program“) has been launched. The Ministry recently announced that the application procedures are now made easier due to the increasing demand. What is New? The Ministry has launched […]

February 2, 2018

New VAT liability on non-residents supplying services electronically

Legal Alerts
Tax

Recent development As is known, a new VAT provision was introduced into the VAT Code and, pursuant to this provision, VAT arising from services provided electronically in return for payment by those without a residence, workplace, headquarters or business center in Turkey to individuals who are not VAT taxpayers must be declared and paid for […]

February 1, 2018

Internet Law: New Regulations On The Way

Legal Alerts
IT & Communications

Recent Development The Information and Communication Technologies Authority (the “Authority“) recently presented the Draft Principles and Procedures Regarding the Obligation to Establish and Operation of Internet Exchange Point and Domestic Internet Traffic Management (the “Principles and Procedures“) for public consultation. Opinions may be submitted until February 2, 2018 by filling out the form provided on […]

January 26, 2018

New Restrictions on Utilization of FX Loans

Legal Alerts
Banking & Finance

Recent Development The Council of Ministers published a decree amending the Decree No. 32 on the Protection of the Value of the Turkish Currency (“Decree No. 32“) in the Official Gazette No. 30312 on 25 January 2018. The amendments providing restrictions on FX loans will enter into force on 2 May 2018. What’s new? The […]

January 25, 2018

Legal Alerts
IT & Communications

Recent Development The Data Protection Authority (the “Authority”) published the Guidelines on Personal Data Security (the “Guidelines“) on January 19, 2018. Purpose The Guidelines aim to shed light on technical and administrative security measures data controllers should take in accordance with Article 12 of the Law No. 6698 on the Protection of Personal Data (the […]

January 10, 2018

Transaction Fee For Interbank ATM Use Amended

Legal Alerts
Banking & Finance

Recent Development The Banking Regulatory and Supervisory Authority (“BRSA“) amended the Regulation on the Principles and Procedures for Transaction Fees to be Collected from Financial Consumers (the “Regulation”) in relation to the transaction fees applicable to interbank ATM use. The amendment was published in the Official Gazette No. 30279 dated December 23, 2017 and entered […]

January 10, 2018

Use of Logo for Geographical Indications and Traditional Knowledge Becomes Obligatory

Legal Alerts
Intellectual Property

New Development The Geographical Indication and Traditional Knowledge Logo Regulation (“Regulation“), which was prepared according to Articles 2 and 46 of the Industrial Property Law No. 6769 (“IP Law“) was published on the Official Gazette dated December 29, 2017 and will enter into force on January 10, 2018. What’s New? According to the Regulation, a […]

January 9, 2018

Turkey Raises the Threshold for Consumer Courts

Legal Alerts
International Commercial and Trade

Recent Development In Turkey, consumer complaints against sellers and manufacturers may be brought in Turkish consumer courts only if the amount in dispute is above a certain threshold. These thresholds are re-set shortly before the beginning of each calendar year. Consumer complaints below the jurisdictional thresholds may only be brought in a consumer arbitral tribunal. […]

January 8, 2018

Turkey Increases Fines for Consumer Law Violations in 2018

Legal Alerts
International Commercial and Trade

Recent Development Effective 1 January 2018, higher fines will be imposed for certain violations of Law No. 6502 on Protection of Consumers (the “Consumer Protection Law“). Fines will increase by 14.47% compared to 2017. In particular, companies that are found to have: Used unfair terms unlawfully or failed to use 12-point bold type with clear […]

January 5, 2018

ISTAC Arbitration is Now an Alternative For Public Procurement Agreement Disputes

Legal Alerts
Dispute Resolution

Recent development The Turkish Public Procurement Authority recently amended the standard contracts annexed to the Regulations on the Implementation of Public Procurements effective as of 19 January 2018. What do the amendments say? Instead of referring to Turkish courts, public administrations may choose arbitration for disputes arising out of the execution of a procurement agreement. […]

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