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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]
Işık Özdoğan Ranked in Top 250 Women Globally by Managing IP, plus Five Other Intellectual Property Specialists Recognised
Işık Özdoğan has been recognised as one of the world’s Top 250 Women in IP by Managing IP in its 2018 edition, receiving... [Read More]
Turkey Announces 2018 to 2020 Strategic Plan for Designs
The Turkish Design Advisory Council (“Council”) has announced the Design Strategy and Action Plan for 2018 to 2020 (“Plan”). The Plan aims to... [Read More]
Turkey’s Central Bank Raises Interest Rates
Turkey’s Central Bank has increased interest rates applied to rediscount transactions for promissory notes, as well as advance transactions. According to the changes:... [Read More]
Local Trademark Applications versus International Registrations: Unsettled Practice in Turkey Suggests Local Applications are Wiser in Short Term
International intellectual property right-holders generally prefer to deal with Turkish trademark rights via an International Registration Application (“IR Application”), rather than filing a... [Read More]