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Turkish Court of Appeals: Arbitral Awards Based on Arbitration Agreements Entered before 1 October 2011 Cannot be Appealed to the Court of Appeals
The Civil Procedures Law number 6100 (“CPL”) entered into effect on 1 October 2011. Turkey’s Court of Appeals recently ruled that arbitral awards... [Read More]
Turkey Increases Deferment Interest Rates and Default Interest for Public Receivables
Turkey’s Ministry of Finance and Treasury has increased the deferment interest rate which is applied to deferred public receivables from 12% to 22%.... [Read More]
Turkey Revises Accounting Principles on Mergers of Establishments Subject to Joint Control
Turkey has revised accounting principles for mergers of establishments which are subject to joint control, eliminating uncertainty about this issue and ensuring consistency... [Read More]
Turkey Introduces Domestic Production Logo and New Rules for Price Tags
Turkey has introduced new rules for tags, tariffs and price lists for retail goods and services. From 3 October 2018 these must also... [Read More]
Turkish Patent and Trademark Office Reduces Official Fees by 25% to 40%
Turkey’s Ministry of Industry and Technology has announced a support package for industrialists, intended to reduce industrial property application and registration fees for... [Read More]
Turkey’s Data Protection Board Announces that Advertising Using Data Subjects’ Contact Addresses Unlawfully Must Cease
Turkey’s Data Protection Board (“Board”) has announced that advertising using data subjects’ contact details unlawfully should cease. The Board has stated that those... [Read More]
Turkey Introduces Rules for Trade Repositories, Including Operation, Practices and Audit Principles
Turkey’s Capital Markets Board (“Board”) has announced new rules for Trade Repositories, including new obligations, activity principles, as well as new rules for... [Read More]
Turkey Introduces Mechanism Enabling Taxpayers Subject to Special VAT Principles to Revert to General Principles
Turkey’s Ministry of Treasury and Finance has introduced a redemption mechanism for certain taxpayers which are subject to special VAT principles due to... [Read More]
Turkey Updated Rules for Distributing Advance Dividends
Turkey has made changes to its calculation and distribution rules for advance dividends. Changes apply to advanced dividends for joint-stock companies (not subject... [Read More]
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]
