News & Insights

Search with filters

For further information,
please contact:

News & Insights

October 19, 2016

State of Emergency Extended in Turkey

Legal Alerts

Recent Development Turkey experienced an attempted coup by a faction of the military on the night of July 15, 2016. After the attempted coup, the Council of Ministers announced a three month state of emergency starting on July 21, 2016. The Council of Ministers decided to extend this term for another three months, effective October […]

October 10, 2016

Turkey increases manufacturer obligations and introduces new obligations for importers and distributors of electrical equipment designed for use

Legal Alerts
Trade & Commerce

Recent Developments The Turkish Ministry of Science, Industry and Technology recently adopted the Regulation on the Electrical Equipment Designed for Use within Certain Voltage Limits. Based on the EU’s Low Voltage Directive (2014/35/EU), the purpose of this Regulation is to establish the safety principles and the conformity assessment procedures required to introduce electrical equipment into […]

October 6, 2016

Turkey introduces Toy Safety Regulation and brings new restrictions to toys composition

Legal Alerts
Trade & Commerce

Recent development The Ministry of Customs and Trade issued the Toy Safety Regulation, replacing the existing Toy Regulation. The Toy Safety Regulation brings new restrictions to the composition of toys and prohibits the use of certain components in toys. The Toy Safety Regulation is published in the Official Gazette on October 4, 2016 and will […]

September 20, 2016

Turkey: Have you taken the required actions for the new Data Protection Law?

Legal Alerts
IT & Communications

Certain provisions of the new Law on the Protection of Personal Data (the “Data Protection Law“), including administrative fines and criminal penalties, will enter into force on October 7, 2016. As we informed you in one of our earlier alerts, the Data Protection Law became effective on April 7, 2016, but allowed for a transition […]

September 9, 2016

Real Property Sales Encouraged by Tax Reduction

Legal Alerts
Real Estate
Tax

The Council of Ministers issued decision No. 2016/9153, published in the Official Gazette on September 8, 2016, which amends certain tax procedures and rates (“ Decision ”). The Turkish Government aims to increase real property sales by reducing value added tax (“ VAT ”) rates. The Decision reduces the VAT rate on real property unit […]

September 9, 2016

BRSA Incentivizing Energy Sector Debt Refinancing

Legal Alerts
Banking & Finance

Recent development The Turkish energy and banking sectors will receive a much needed bolster with the Banking Regulation and Supervision Authority’s (the “BRSA”) amendment to the loan performance criteria for loans extended to the energy sector by Turkish banks. The amendments to the Regulation on the Rules and Procedures for Banks to Determine Types of […]

September 8, 2016

Turkish Central Bank Decreases Reserve Ratio Requirements Further

Legal Alerts
Banking & Finance

Recent development Committed to providing the markets with liquidity following in the wake of recent political and economic developments in Turkey, the Central Bank of Turkey (the “Central Bank“) further reduced Turkish banks’ reserve requirements for Turkish lira liabilities by 50 basis points on September 7, 2016. This follows another reduction of TRY reserve requirements […]

September 8, 2016

Turkey to grant new incentives for eligible investments on a project basis

Legal Alerts
Tax

Recent Development In an effort to reach Turkey’s long-term macroeconomic targets of increasing Turkey’s world trade share, ensuring the security of supply, improving Turkey’s rank in production of information, technology and innovation, and facilitating the transition to a production structure based on design and marks with high added value, the Turkish Parliament adopted a new […]

September 2, 2016

Vitalizing the Turkish Real Estate Certificates Market

Legal Alerts
Capital Markets
Real Estate

Recent development The Turkish real estate market faced a slowdown in the second half of 2016 prompting the Turkish Government to implement a number of serious remedies to draw local and international investor interest into the market following the coup attempt. As part of this initiative and in order to provide liquidity, the Turkish Capital […]

August 31, 2016

Court of Appeals Confirms Its Stance on Employer Monitoring of Work Computers

Legal Alerts
Dispute Resolution

Recent Development In its decision of May 3, 2016, the 22nd Civil Chamber of the Court of Appeals confirmed the right of employers to supervise their employees’ use of computers. Esin Attorney Partnership acted as the employer’s counsel in the dispute. Facts of the Case One of our clients (“Employer“) received a notice of termination […]

Page: