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February 15, 2024
Under Turkish law, if a creditor files a claim before an execution office when their receivable is not based on a court judgment or a pledge, the execution office will send a payment order to the debtor. If the debtor files an objection with the execution office, the creditor will be compelled to file legal action against the debtor in order to vacate the objection, with the view of proceeding with the execution proceedings once the objection is vacated.
February 5, 2024
Amendments to the Mining Law and Natural Gas Market Law are underway.
Currently, for an exploration license to be transformed into an operation license, Article 24 of the Turkish Mining Law No:3213 requires a report to be prepared in accordance with the National Minerals Resource and Reserve Planning Code (UMREK) for all groups of mines
January 31, 2024
New amendments made to the Regulation on Insurance and Reinsurance Brokers are published on 18.01.2024. The amendments introduced the Insurance and Private Pension Supervisory and Audit Authority and Board into the lexicology of the regulation. Other amendments may be summarized as follows:
January 25, 2024
Turkey is in the final round for its new crypto legislation. The Proposed Law Amending the Capital Markets Law numbered 6362 (the “Crypto Proposal”), which is expected to enter into force very shortly, defines crypto asset service providers
January 23, 2024
The new regulation which determines the procedures and principles regarding immunity from or reduction for the fines specified in Article 16 of the Law on the Protection of Competition (“Law”) to be imposed on enterprises and enterprise managers and employees who actively cooperate with the Competition Authority for the purpose of detecting cartels which are prohibited under Article 4 of the Law is now published.
January 23, 2024
Rekabetin Korunması Hakkında Kanun’un (“Kanun”) 4. maddesinde yasaklanmış olan kartellerin ortaya çıkarılması amacıyla Rekabet Kurumuyla aktif iş birliği yapan teşebbüsler ile teşebbüs yöneticileri ve çalışanlarına, Kanun’un 16. maddesinde belirtilen para cezalarının verilmemesine veya verilecek cezalarda indirim yapılmasına ilişkin usul ve esasları düzenleyen yeni yönetmelik 16.12.2023 tarihinde yayınlanarak yürürlüğe girdi.
January 17, 2024
We are delighted to announce that Sertaç Kökenek has joined our team as an Equity Partner. Sertaç will be co-heading the M&A-Private Equity practice and heading the Employment and Compliance practices.
"We are excited to welcome Sertaç to the firm. Sertaç is recognized as a brilliant lawyer offering outstanding client service. Our global platform is the perfect fit for his multi-disciplinary practice" commented Managing Partner Selin Bayar.
January 5, 2024
The Public Oversight, Accounting and Auditing Standards Authority (Authority) has determined the scope of application of the Turkish Sustainability Reporting Standards (TSRS) while preparation of sustainability reports by businesses, companies and institutions through the decision of its Board (Board) dated 27 December 2023.
December 8, 2023
The Draft Regulation on the Operation of Carbon Markets (“Draft Regulation”) as a part of secondary legislations to Draft Climate Law is submitted to public’s view.
November 27, 2023
How free are we on social media? How do our posts affect our professional business life? A striking decision of the Turkish Constitutional Court enlightened the answer to these questions.
