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March 30, 2017

Supreme Court Affirms its Historic Precedent Banning Amendments to Claims Following Reversal

Legal Alerts
Dispute Resolution

Recent Development The Supreme Court has refused to reconsider its historic precedent of 1948, prohibiting amendments to court claims following the reversal of first instance decisions, in its session dated 6 May 2016. The decision was announced in the Official Gazette on 23 March 2017. The much-criticized precedent There has been a lengthy controversy surrounding […]

March 28, 2017

TİTCK Announces New Procedures for License Applications

Legal Alerts
Healthcare

Recent developments The Turkish Medicines and Medical Devices Agency (the “TİTCK”) recently announced new procedures for the medicine licensing process depending on the payment status of the scientific analysis and assessment fees. Background Scientific analysis and assessment fees are among the mandatory fees in the medicine licensing process. In early January, the TİTCK announced an […]

March 23, 2017

Turkey Revises Rules on Compulsory Licensing

Legal Alerts
Healthcare
Intellectual Property

Recent developments Law No. 6769 on the Protection of Industrial Property Rights (the “Industrial Property Law“), ratified on December 22, 2016 and entered into force by publication in the Official Gazette on January 10, 2017,  repeals Decree No. 551 on the Protection of Patents (the “Patent Decree”) and introduces certain amendments to the provisions on […]

March 22, 2017

Industrial Property Law Introduces Major Changes to Design Law

Legal Alerts
Intellectual Property

Recent developments The long awaited Law on Industrial Property No. 6769 (the “Industrial Property Law”) was ratified on January 10, 2017. The Industrial Property Law unifies the provisions for trademarks, designs, patents, and geographical indications under a single code. The Industrial Property Law, inter alia, introduces major changes to the protection of designs and enhances […]

March 16, 2017

Updates to Banks’ Outsourcing Regime

Legal Alerts
Banking & Finance

Recent developments On March 4, 2017, the Turkish Banking Regulatory and Supervisory Authority (the “BRSA”) made major changes to the Regulation on Banks’ Outsourced Services, enhancing the scope of the outsourced services. What’s new The collection, counting, distribution and delivery of cash can only be provided by private security companies, whereas the collection, counting, distribution […]

March 16, 2017

Turkey determines new favorable rates for RUSF, stamp tax and title deed fees

Legal Alerts
Tax

On 15 March 2017, the Council of Ministers Decision No. 2017/9973 (“Decision“), which sets out (i) new Resource Utilization Support Fund (“RUSF“) rates for TRY denominated loans utilized from abroad; (ii) new stamp tax rates for certain agreements relating to the construction sector; and (iii) the new title deed fees rate for certain real estate […]

March 14, 2017

Toy Safety Regulation Will Soon Enter Into Force: Are Your Products Compliant?

Legal Alerts
International Commercial and Trade

As mentioned in our previous legal alert dated October 6, 2016, the Toy Safety Regulation was published in the Official Gazette on October 4, 2016 and will enter into force on April 4, 2017, following the six-month transition period. As of April 4, 2017, toy manufacturers, importers and sellers will be subject to the requirements […]

March 9, 2017

Turkey Cracks Down on Unsafe and Non-Compliant Medical Devices and Cosmetics Products

Legal Alerts
Healthcare

Recent Development On March 7, 2017, the Turkish Medicines and Medical Devices Agency (TİTCK) announced the Q4 results of its market oversight in the medical devices and cosmetics sectors, carried out between October and December 2016. Of the 1,816 products inspected, 1,213 have been detected as unsafe or non-compliant, and a total fine of TRY […]

March 9, 2017

Turkey Issues New VAT and Income Tax Relief for Eligible Taxpayers

Legal Alerts
Tax

Recent Development On March 8 2017, the Law No. 6824 on the Restructuring of Certain Receivables and Amending Certain Laws and Law Decrees (“Law“) was published in the Official Gazette No. 30001 and entered into force. The Law, which amends both the Income Tax and VAT Laws, introduces a new income tax reduction for eligible […]

March 6, 2017

New ICC Arbitration Rules Strive for Efficiency

Legal Alerts
Dispute Resolution

Recent Development The Court of Arbitration of the International Chamber of Commerce (“ICC Court“) has been exploring new ways to reduce time and cost in arbitration proceedings, especially with respect to small amounted claims. ICC Court’s new Arbitration Rules (“ICC Rules”) were drafted with this purpose and entered into force on March 1, 2017. This […]

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