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The Central Bank has Updated the Interest Rates to be Applied in Rediscount and Advance Transactions
The Communiqué on the determination of the interest rates to be applied in rediscount and advance transactions (“Communiqué”) issued by the Central Bank... [Read More]
The Presidential Circular on Monitoring the Implementation of the Zero-Waste System has been Published
The Presidential Circular dated 1 April 2024, and numbered 2024/4 (“Circular”), published in the Official Gazette, dated 27 March 2024 and numbered 32502,... [Read More]
The Ministry of Industry and Technology Published the Regulation Amending the Regulation on the Allocation of Parcels in Organized Industrial Zones, Whether Wholly or Partially Free of Charge.
The Regulation Amending the Regulation on the Allocation of Parcels in Organized Industrial Zones Wholly or Partially Free of Charge (“Regulation”), drafted by... [Read More]
Regulation Amending the Turkish Food Codex Regulation on Food Labeling and Informing Consumers has been Published
With the Regulation (“Regulation”) published in the Official Gazette, dated 6 April 2024 and numbered 32512, the Turkish Food Codex Regulation on Food... [Read More]
The Constitutional Court Rejected the Request for Annulment of Articles of Law No. 6563 On the Regulation of Electronic Commerce.
Law No. 6563 on the Regulation of Electronic Commerce (“Law“) and its secondary regulation, the 10th Chamber of the Council of State issued... [Read More]
Due Diligence Process for Turkish Companies – What to Watch Out for?
Legal due diligence (“DD”) is an essential part of M&A process. Legal DDs help the parties in various phases of an M&A process,... [Read More]
Draft Law on Regulations Regarding Crypto Assets Submitted to the Presidency of Grand National Assembly of Turkey
The Draft Law on Regulations Regarding Crypto Assets, submitted to the Presidency of Grand National Assembly of Turkey on 16 May 2024, contains... [Read More]
Banking Sector Suspicious Transaction Reporting Guide and MASAK Online System Updated
Pursuant to Article 4 titled “Suspicious Transaction Notification” of the Law No. 5549 on Prevention of Laundering Proceeds of Crime (“Law”), if there... [Read More]
Legislative Amendments were Made Regarding Quality of Service in the Electronic Communication Sector
By the Information Technologies and Communication Authority, (i) Regulation on Amendments to the Service Quality Regulation in the Electronic Communications Sector (“Regulation”), (ii)... [Read More]
Data Governance Framework Recommendation Report for Türkiye has been Released
The “Data Governance Framework Recommendation Report for Türkiye,” prepared by the United Nations Development Program, was published as part of the preparatory work... [Read More]
The Constitutional Court has Ruled that the Right to Request the Protection of Personal Data was Violated due to the Lack of an Effective Criminal Investigation into the Unlawful Transfer of Personal Data
The data subject (“Applicant”) filed a criminal complaint alleging that his employer, who terminated the employment contract, examined his bank account movements without... [Read More]
Communiqué on the Promotion of the Use of Green Cement with Low Carbon Emission in Public Procurement Contracts has been Published
On 16 March 2024, the Communiqué on the Promotion of the Use of Green Cement with Low Carbon Emission in Public Procurement Contracts... [Read More]