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Turkish Constitutional Court: Legislative Amendment Which Aims to Ensure Consistent Judicial Practice Has Justifiable Basis for Impacting Ongoing Lawsuits
Turkey’s Constitutional Court recently rejected an application which claimed the applicant’s constitutional property rights had been violated by legislative changes which occurred during... [Read More]
Electronic Service Now Required for Certain Parties in Turkey
From 1 January 2019, it becomes mandatory in Turkey to make notifications to certain parties via the National Electronic Services System (“UETS”), which... [Read More]
First GDPR Enforcement Action Taken Against a Data Controller Located Outside the EU
The first enforcement action under the General Data Protection Regulation 2016/679 (“GDPR”) has been taken against a data controller outside the European Union.... [Read More]
Turkish Court of Appeals: Spousal Consent Not Required for Avals
Article 584 of the Turkish Code of Obligations (“TCO”) requires spousal consent for the validity of surety agreements. Turkey’s Court of Appeals recently... [Read More]
Turkish Constitutional Court: Failure to Expropriate Land for 27 Years Breaches Constitutional Property Rights
The Turkish Constitutional Court recently ruled that an excessive personal burden had been placed on a property owner where the state had not... [Read More]
Turkey Adopts International Standard Financial Reporting from 2020
For accounting periods beginning 1 January 2020 onwards, Turkey will apply the Conceptual Framework for Financial Reporting (“New Framework”) as revised by the... [Read More]
Turkey Introduces New Rules for Drug Procurement, Tobacco Packaging and Food-related Health Declarations
Turkey has introduced new regulations for procurement of licensed or unlicensed drugs (which are not available in the Turkish market), plain packaging rules... [Read More]
Turkey Introduces Voluntary Environmental Label Scheme
Turkey has announced a voluntary environmental label scheme, to promote products with reduced environmental impacts, as well as provide consumers with accurate and... [Read More]
Turkey Launches Rules for Local Seed Varieties
Turkey has introduced new rules for producing, marketing, on-site maintenance and sustainably using seeds. The new regime aims to prevent genetic erosion for... [Read More]
Turkey Introduces Rules for the Notification of Transactions to Trade Repositories
Turkey’s Capital Markets Board recently announced new rules for Trade Repositories, including new obligations, activity principles, as well as new rules for membership,... [Read More]
Turkey’s Capital Markets Boards Amends Disclosure Rules for Material Events
Turkey’s Capital Markets Board has amended its rules for material events to address needs which have arisen in practice. Notably, the obligation to... [Read More]
Turkey Revises Restrictions on Foreign Currency Agreements
Turkey has announced new rules for its recent restrictions on foreign currency agreements, as well as extended the scope of certain exemptions (more).... [Read More]
