NEWS & INSIGHTS
The Remote Working Regulation (the “Regulation”) which has entered into force upon being published in the Official Gazette on 10 March 2021, sets out the procedures and principles applicable to remote working.
“Remote working” has become much more common with Covid-19 pandemic impacting the globe. …
The draft law submitted to the Parliament on 1 March 2021 (the “Draft Law”) enables the Ministry of Transportation and Infrastructure (“MTI”) to be party to the debt assumption agreements in build-operate- transfer (“BOT”) projects for which debt assumption undertaking is provided by administrative…
Through the Presidential Decision dated 12 September 2018 and numbered 85 (“Decision”), the Decree on the Protection of the Value of Turkish Currency numbered 32 was set forth that real and legal persons resident in Turkey, with some exceptions, should not enter into contracts containing foreign cur…
The Presidential Decision No. 2948 (“Decision No. 2948”) on the extension of temporary restrictions regarding distribution of dividends, reserves and advance dividends regulated under Article 13(1) of Turkish Commercial Code numbered 6102 (“TCC”) for additional 3 months has been entered into force b…
The Presidential Decision No. 2706 (“Decision”) on the extension of the short-term working allowance for workplaces for which short-term working allowance is implemented due to the compelling reason within the scope of periodic conditions faced due to external effects arising from Covid-19 pandemic…
The new Notam On Covid-19 Flight Restrictions for Turkish Aerodroms (“NOTAM”) has been entered into force on 11 June 2020 via being published by the Directorate General of Civil Aviation (“SHGM”).
As per to the NOTAM, as of June 11, 2020, 20:59 Utc, all flights to and from Turkish airports shall be…
The Circular on Cargo Transport at Passenger Cabin of Passenger Planes (the “Circular”) dated 29 April 2020 and numbered UOD-2020/2G is published by the General Directorate of Civil Aviation to determine the requirements for carrying cargo at the passenger cabin of passenger planes, both in terms of…
The new “SHY-6B General Aviation Regulation” (“Regulation”), which regulates the procedures and principles regarding the licensing of general aviation operators, has been entered into force by being published at the Official Gazette dated 24.04.2020 and numbered 31108, and the former SHY-6B General…
Pursuant to the General Communiqué No. 518 on Tax Procedure Law published at the Official Gazette dated 24 March 2020 (the “Communiqué”), it was decided to postpone the submission period of Concise Declarations (including Concise and Premium Service Declarations) and Value Added Tax Declarations and…
While the Covid-19 (Coronavirus) epidemic affects business and commercial life in many ways, the number of people exposed to these effects of the epidemic is increasing day by day. It is seen that the effects of the epidemic in economic life are mostly reflected on the relations between the employer…
By virtue of Article 12 of the Law numbered 7244 on Minimization of the Economic and Social Effects of the New Coronavirus (Covid-19) Epidemic and Amendments Made on Certain Laws published in the Official Gazette dated 17 April 2020 and numbered 31102 (the “Omnibus Law”), a provisional article has b…
The announcement that made certain changes on tax collection protocols of the banks based on the authority vested to the Ministry of Treasury and Finance as per Article 41 of Law No. 6183 on the Procedures of Collection of Public Receivables (the “Announcement”) has been published on the website of…
Regulation Amending the Regulation on Debt Assumption by The Undersecretariat of Treasury has been published on the Official Gazette dated 25 December 2019 and numbered 30989 (“Amendment Regulation”). The Amendment Regulation introduced certain significant changes in debt assumption principles gover…
Labor Law No. 4857 (“Labor Law”) provides for joint liability of the main employer and sub-contractor for labilities of the sub-contractor to the employees, arising from Labor Law, employment contracts and/or collective labor agreements that the sub-contractor is a party to. Severance pay is one of…
Halal products and their certification are relevant in terms of a wide range of sectors such as food and beverage, finance, textile and cosmetics. Despite the extensive demand for halal products, there is no standardization for certification of halal products around the world. Different standards a…
Donald J Trump, as the president of United States has issued an executive order on 14.10.2019 (the “Executive Order”) in response to Turkish government’s recent actions in Syria.
The Executive Order sets out the framework of the sanctions while authorizing the US Secretary of the Treasury and the…
The Communique On Equity Based Crowd Funding
One of the key hurdles that entrepreneurs who start-up a new business or develop a new product/technology is procurement of financing. In traditional processes, entrepreneurs approach to rather limited sources such as banks, angel investors, for financ…
Personal Data Protection Authority (the “Authority”) continues to clarify the rapidly developing process of harmonization with the Law on the Protection of Personal Data numbered 6698 (the “Law”) with recent decisions. On 16 April 2019, the Authority published a decision dated 25 March 2019, numbere…
On 18 January 2019 the Law to Amend the Tax Laws and Several Laws and Decrees Having the Force of Law numbered 7161 ("Omnibus Act") changed the cap on increases in lease rates for residences and roofed workplaces. Accordingly, the cap stipulated under the Turkish Code of Obligations numbered 6098 wi…
Presidential Decree No: 85 introduced certain restrictions in the use of foreign currency in contracts by introducing new terms to the Decree No: 32 On Protection of the Value of the Turkish Lira. Contracts which fall within the scope of the restrictions, however which have been denominated or inde…
According to the Law on the Procedures to Initiate Debt Collection Proceedings for Receivables Arising out of Subscription Agreements No. 7155 ("Law"), which was published in the Official Gazette on 19 November 2018, it mandatory to apply to mediation before filing commercial lawsuits claiming recei…
On 6 October 2018, communique numbered 2018-32/51 was published in the Official Gazette (“Communique No: 32/51”).Communique No 32/51 re-regulates the abolished provisional article 8 of the Communique (No: 2008-32/34) on the Decree No: 32.
Communique No:32/51 regulates the exceptions to the restrict…
Communique on principles and procedures of implementation of Article 376 of the Turkish Commercial Code has been announced in the Official Gazette dated 15 September 2018 (“New Communique”). Article 376 of the Turkish Commercial Code, regulates the cases of loss of capital and statutory reserves and…
On 13 September 2018, the Decree of President of Republic No: 85 was published in the Official Gazette (“Presidential Decree No: 85”). Presidential Decree No: 85 introduced certain restrictions in the use of foreign currency in contracts by introducing new terms to the Decree No: 32 On Protection o…