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Turkey Tightens Regulations for Firms Supervising and Approving Electricity Generation Facilities
Turkey’s Ministry of Energy and Natural Resources (“Ministry”) has updated the regulatory regime for firms which supervise and approve electricity generation facilities (“Authorized... [Read More]
Turkey Updates Discount Methods for Undeclared VAT
Turkey’s Ministry of Finance has announced changes to the Value Added Tax (“VAT”) regime. Changes apply to discount methods for undeclared VAT. Undeclared... [Read More]
Employee Statements in Turkish Competition Law: Binding or Not?
The Turkish Competition Board (“Board”) recently published a decision which could signal a changing stance on the admissibility of statements from employees of... [Read More]
Public Consultation in Turkey Regarding Regulation Which Establishes Data Controller Register
Turkey’s Data Protection Authority (“Authority”) recently held a two week public consultation period on the details of draft legislation which establishes the Data... [Read More]
Turkey Updates Independent Auditors’ Obligation to Address Key Issues, Plus Rules for Agreements and Communication with Audited Companies
Turkey’s Public Oversight Accounting and Auditing Standards Authority has revised certain rules for independent auditors. Changes involve new responsibilities to address and evaluate... [Read More]
Turkey Updates Procedural Rules for Pre-Trial Settlement Negotiation Mechanism
The Turkish Bar Association has updated the rules for reconciliation negotiations. These are an alternative dispute resolution mechanism, available to parties before filing... [Read More]
Turkey Waives Stamp Tax on Certain Construction Sector Agreements, Plus Reduces Title Deed Fees and Government Deductions on Turkish Lira loans, Obtained from Abroad
Turkey has made a range of changes to taxes and fees. Stamp waiver is now waived for certain construction-related agreements and title deed... [Read More]
Turkey’s Constitutional Court: Property Owner’s Constitutional Rights Violated by Street Closure Causing Decrease in Rental Rate
Turkey’s Constitutional Court recently ruled that a property owner’s constitutional rights were violated by a failure to ensure a balance between public interests... [Read More]
Turkey Expands Scope of Government Investment Support Scheme, Introduces VAT Exemption for Software and Intangible Rights
Turkey has expanded the scope of its government investment support scheme. The changes exempt software and intangible rights from VAT, as well as... [Read More]
Turkish Patent and Trademark Office Releases Statistics for 2016 Intellectual Property Activity
The Turkish Patent and Trademark Office (“TPTO”) has released its annual report (“Report”), outlining 2016 statistics for patents, trademarks, industrial designs, utility models... [Read More]
Reform in the non-possessory movables pledge regime in Turkey
First published by Commercial Dispute Resolution Magazine (15 May 2017). Turkey has introduced a new regime enabling non-possessory pledges – pledges without the... [Read More]
Turkey Updates Rules and Procurement Processes for Petroleum Products
Turkey’s Energy Markets Regulatory Authority (“Authority”) has amended procurement principles for petroleum products from domestic and international sources, excluding fuel oil (“Petrol Products”).... [Read More]