3 Aug 2017
Turkey’s Constitutional Court recently considered circumstances where an applicant had gifted land to the local municipality for road construction, without receiving compensation. The municipality later re-zoned the property as a residential area, merging it with another land parcel in […]
27 Jul 2017
In May 2015, the European Competition Commission (“Commission”) launched an e-commerce sector inquiry as part of the Digital Single Market strategy, based on EU competition rules. On 10 May 2017, the Commission published its Final Report, including its findings […]
20 Jul 2017
The Turkish Competition Authority (“Authority”) has announced that it will launch a sector enquiry, focusing on the expo industry. The enquiry will seek to better understand any behavioural and structural competition law problems in the area, as well as […]
13 Jul 2017
Turkey has updated the pricing regime for human medicinal products. Changes apply particularly to price calculation methods and caps, including where changes occur to price preserved reference products and the original reference price. The changes also allow price increases […]
6 Jul 2017
Turkey has introduced a centralized database to track medicinal products for human use (“Medicinal Products”), as well as information about parties involved in related transactions. Medicinal Products will now be tracked in the national system, using a 2D code […]
29 Jun 2017
Foreign investors holding at least US $1.5 million shares in either real estate or venture capital investment funds for three years are now entitled to Turkish citizenship. Citizenship will only be given if the Capital Markets Board confirms these […]
22 Jun 2017
Turkey has introduced a VAT exemption for the first time a particular property is purchased by a foreigner as a residence or office, provided the property is held for at least one year and the purchase was made with […]
15 Jun 2017
Turkey has taken a series of new measures involving companies and public institutions in the wake of the State of Emergency declared on 21 July 2016. Under the changes, certain provisions of the Communiqué on Real Estate Certificates (VII-128.2) […]
8 Jun 2017
Turkey has extended the scope of financial incentives offered for investments in certain industries. The Investment Incentive Scheme divides Turkey into six regional categories, grouping provinces based on their socio-economic development and targeting incentives accordingly. Under the changes, investments […]
1 Jun 2017
Turkey’s Ministry of Energy and Natural Resources has amended legislation governing large-scale renewable energy resource areas (“RERA”). The General Directorate of Renewable Energy’s (“General Directorate“) authority has been expanded, to now also include the power to determine technical and […]
