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Turkey Reduces Financial and Investment Thresholds for Acquiring Turkish Citizenship
Turkey has reduced the financial and investment thresholds required for foreigners to acquire Turkish citizenship. The new thresholds apply from 19 September 2018.... [Read More]
Turkey Announces Further Exemptions from Registering with the Data Controller Registry and Publishes New Rulings on Processing Personal Data
Turkey’s Data Protection Board (“Board”) has extended the scope of data controllers which are exempt from registering with the Data Controllers Registry (“Registry”),... [Read More]
Turkey Amends the Rules Allowing Central Bank to Monitor Transactions Which Impact Foreign Exchange Positions
urkey has amended rules for the Central Bank to collect information and documents from firms, allowing it to monitor transactions which affect an... [Read More]
Turkey Introduces Rules Requiring Export Proceeds to be Repatriated Within Certain Timeframes
Turkey has introduced new rules to protect the value of its currency, aimed at ensuring profits from export transactions between 4 September 2018... [Read More]
Turkey Increases Interest Rate Caps for Credit Card Transactions
Turkey has increased maximum interest rates for credit card transactions, allowing banks to charge higher interest rates. From 1 October 2018, the maximum... [Read More]
Turkey Introduces Principles and Procedures for Capital Loss and Financial Distress
Turkey’s Ministry of Trade has issued a communiqué outlining principles and procedures for companies with share capital to follow in cases of capital... [Read More]
Turkey Announces Further Details and Exemptions for Currency Controls on Foreign Currency Contracts
Turkey has announced further details, exemptions and clarifications for recently introduced rules restricting foreign currency or foreign currency indexed payment obligations in contracts... [Read More]
Turkish Trade Remedies – September 2018
The following article gives a summary of decrees by the Council of Ministers and communiqués by the Ministry of Commerce regarding prevention of... [Read More]
Turkey Caps Instalment Payment Schemes for Retail Sales
Turkey has capped the instalment payment period for retail goods and services at maximum 12 months, with lower caps for certain types of... [Read More]
Turkey Lowers the Maximum Period for Consumer Loans, Plus Credit Card Instalment Schemes
Turkey’s Banking Regulatory and Supervisory Authority (“Authority”) has lowered the cap on consumer loans. Accordingly, from 1 September 2018, the maximum term for... [Read More]
Turkey Introduces Currency Control Measures on Domestic Contracts Involving Foreign Currency
Turkey has introduced new contract rules, intended to protect the national currency’s value. From 13 September 2018, certain agreements between parties which are... [Read More]
European Court of Justice: Louboutin’s Trademark for Red Shoe Soles is Valid
The Court of Justice of the European Union has declared the iconic red sole of Christian Louboutin’s shoes to be a trademark. The... [Read More]