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Turkish Constitutional Court: Determining Expropriation Values Based on Actual Expropriation Date Violates Property Rights in Price Determination Lawsuits
The Turkish Constitutional Court recently considered which date should be used to assess a property’s expropriation value. It held that for price determination... [Read More]
Turkey Overhauls Work Permits For Foreigners, Clarifies Requirements for Company Directors
Turkey has introduced new principles and procedures regarding work permits for foreigners, as well as exemptions. Existing uncertainties about work permit requirements for... [Read More]
Turkey Supports Infrastructure Investments by Establishing Sovereign Wealth Fund
Turkey has established sovereign wealth fund, with a primarily domestic focus. The fund is expected to be worth 200 billion TL and is... [Read More]
Turkish Constitutional Court: Expropriated Property Not Used for Expropriation Purposes Violates Property Rights
The Turkish Constitutional Court recently held that property rights had been violated where a Municipality expropriated private property to build a playfield, but... [Read More]
Turkey Introduces Reporting Obligation for Suspicious Transactions to Prevent Money Laundering and Terror Financing
Turkey’s Ministry of Finance (“Ministry”) has introduced new principles and procedures for suspending and prohibiting suspicious transactions. These aim to prevent laundering of... [Read More]
Implications for Companies of Legislative Changes Made During Turkey’s State of Emergency
A range of legislative changes have been made in Turkey within the scope of the 90 days of State of Emergency declared throughout... [Read More]
Turkey Introduces Tender Procedures and Limits for Electricity Distribution Companies
Turkey’s energy regulator has introduced regulations for sale-purchase and tender procedures for electricity distribution companies. These include a TRY 20 million upper limit... [Read More]
Electricity Consumer Services Regulation Revised by EMRA in Attempt to Step in on the Eligible Consumer Controversy
EMRA (Energy Market Regulatory Authority), Turkey’s energy market regulator has amended electricity legislation, particularly focusing on consumer-facing aspects. The definition of “eligible consumer”... [Read More]
Turkey Announces e-Government Strategy and Action Plan for 2016-2019
Turkey’s High Development Agency has approved the national e-Government Strategy and Action Plan for the 2016-2019 period (“Strategy and Action Plan”). It aims... [Read More]
Turkey Tightens Bankruptcy Postponement Regime
Turkey has tightened up its postponement of bankruptcy regime. Bad faith debtors would regularly exploit the prior legislative arrangements and court processes, using... [Read More]
Turkey Extends Fees for Smart Phones and other Electronic Devices
Turkey has extended the fee payable to the Radio and Television Council to now include all devices which receive radio or TV transmissions... [Read More]
Turkey Includes Electricity Leakage Costs in Distribution Tariffs, Plus Other Amendments to Energy Regulations
Turkey has made a range of changes to energy regulations, notably related to electricity leakage loss. These leakage costs can now be passed... [Read More]
