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Turkish Notary Union Clarifies Stamp Tax Exemption for Consent Letters Related to Real Properties Which Do Not Involve Real Rights
The Union of Turkish Public Notaries (“Notary Union”) has announced that consent letters regarding real properties which do not involve real rights on... [Read More]
Turkey Supports Efforts to Become Financial Hub by Establishing Istanbul International Financial Center Coordination Board
Turkey has announced establishment of the Istanbul International Financial Center Coordination Board (“Board”). The Board is established to increase the speed and effectiveness... [Read More]
Turkey Updates Reimbursement Scheme for Investments in Electricity Transmission Assets
Turkey’s Energy Market Regulatory Authority (“Authority”) has updated the methodology for determining government reimbursements for investments in building new electricity transmission facilities, as... [Read More]
Turkey’s Prime Ministry Encourages Public Institutions to Use Istanbul Arbitration Centre for Dispute Resolution
The Prime Ministry of Turkey (“Prime Ministry”) has encouraged public institutions and organizations to use the Istanbul Arbitration Centre (“ISTAC”) for dispute resolution... [Read More]
Turkey Clarifies Stamp Tax and Fee Exemptions for Notifications and Debt Repayment Schemes Involving Cheques
Turkey’s Union of Notaries has announced details of stamp tax and fee exemptions for warning notifications and certain agreements, involving cheques, regarding repayment... [Read More]
Turkey Expands Scope of Support Scheme for Design Sector
Turkey’s Money Credit and Coordination Board has introduced a new support package, intended to support exporters. The package addresses the tendency by exporters... [Read More]
Turkish Constitutional Court Considers Lessors’ Ability to Terminate Fixed Term Leases
Turkish legislation protects lessees by imposing comparatively higher thresholds on lessors to terminate fixed term leases. A first instance court recently applied to... [Read More]
Turkish Court of Appeal Confirms Plaintiff’s Right to Seek Compensation Based on Hypothetical License Fee
The Turkish Court of Appeal recently confirmed a case upholding a plaintiff’s right to seek compensation for trademark infringement based on a hypothetical... [Read More]
Turkey Amends Natural Gas License Regime
Turkey’s Energy Market Regulatory Authority (“Authority”) has amended certain rules for natural gas licenses, including rules for merging distribution regions into a single... [Read More]
Turkey Announces Regulation on Allocation and Use of Banderol Fees
Turkey’s Ministry of Customs and Trade (“Customs and Trade Ministry”) has announced procedures and principles for banderol fees collected by the customs administration... [Read More]
Turkey Announces a Range of Additional Import Custom Taxes
Turkey has announced additional import customs duties for a wide variety of items, ranging from stationery to stainless steel household items. The additional... [Read More]
Turkey Completes Appointments to Data Protection Board
Turkey has taken further steps towards the Data Protection Board (“Board”) being operational, with the appointment of the final two members to the... [Read More]
