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Turkey Introduces Rules Requiring Export Proceeds to be Repatriated Within Certain Timeframes
Turkey has introduced new rules to protect the value of its currency, aimed at ensuring profits from export transactions between 4 September 2018... [Read More]
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]
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]
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]
Turkey Introduces Additional Duties for Certain US-Origin Goods
Turkey has introduced additional duties on certain US-origin imported goods, in response to new duties on steel and aluminum introduced by the US.... [Read More]
Turkey Announces Rules for Goods Which Contain or are Processed Using Biocidal Products
Turkey has announced rules for goods which are processed with or contain biocidal products. These rules address labelling for these products, as well... [Read More]
