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Turkey’s Central Bank Updates Rediscount and Advance Interest Rates
Turkey’s Central Bank has updated discount interest rates for commercial papers with expiry periods of three months or more. The revised rates are... [Read More]
General Communiqué on Tax Procedural Law has been Published to Establish Unity Regarding Electronic Documents
Considering the recent developments in information technologies, Turkey’s Revenue Administration (“Administration”) issued the General Communiqué on Tax Procedural Law numbered 509 (“General Communiqué”)... [Read More]
Turkish Constitutional Court: The Crossover Bridge Causing Decrease in Immovable’s Value Violates the Right to Property
The Turkish Constitutional Court ruled that the crossover bridge built near an immovable decreases the immovable’s value due to noise pollution, and therefore... [Read More]
Turkish Constitutional Court: Disproportionate Administrative Fine Imposed on Persons Bringing Foreign Currency into Turkey Without Notification, Violates the Right to Property
The Turkish Constitutional Court ruled that the amount of the administrative fine imposed on the applicants (“Applicants”) bringing foreign currency into Turkey without... [Read More]
Turkey’s Data Protection Board Fined Facebook Over Data Breach
Turkey’s Personal Data Protection Board (“Board”) fined Facebook due to failure to take the necessary technical and administrative measures to prevent possible data... [Read More]
Turkish Patent and Trademark Office Updates the Patent Research Platform
The Turkish Patent and Trademark Office (“TPTO”) has updated its patent research platform with a user-friendly interface, for patent and utility model applicants... [Read More]
Turkey Passes the Communiqué on Equity Crowdfunding
The long-awaited Communiqué on Equity Crowdfunding numbered III-35/A.1 (“Communiqué”) issued by the Capital Markets Board of Turkey (“Board”) has entered into force. The... [Read More]
Turkish Court of Cassation Clarifies the Uncertainty for Non-Use Actions
11th Chamber of Turkish Court of Cassation rendered a long-awaited decision on the cancellation of trademarks that have not been in use for... [Read More]
Turkish Constitutional Court: Rejecting an Appeal for Being Late Violates the Right of Access to Court, in case the Court is Responsible for Delay
Turkish Constitutional Court evaluated a case where the applicant has appealed a court judgment on the National Judicial Network Information System (“UYAP”) within... [Read More]
Turkey’s Council of State Rules on Results of Failure to Submit the Commercial Books and Documents during Tax Inspection, with Respect to Lawsuits Filed against VAT Assessment
In order to resolve the conflicting judgments, Turkish Council of State’s General Assembly on Unification of Judgments recently decided on assessments and penalties... [Read More]
Turkey Launches New Rules for Local Seed Varieties
Turkey has introduced The Regulation on Registration, Production, and Marketing of Local Varieties (“Regulation”) aiming to protect field crops, vineyard/garden plants and other... [Read More]
Turkish Competition Board Decided to Conduct an Investigation Against Turkish Pharmacists’ Association
Turkish Competition Board (“Board”) decided to conduct an investigation to Turkish Pharmacists’ Association for violation of article 4 (restrictive trade practices and concerted... [Read More]
