3 Dec 2018
The European Court of Justice (“ECJ”) has considered the European Union Intellectual Property Office’s (“EUIPO”) decision about a request to invalidate a 3D trademark registration for the four-fingered KitKat chocolate bar. It declared that the evidence which Nestlé had […]
27 Nov 2018
Turkey has amended the application processes for pre-licenses and licenses within the electricity licensing regime. Accordingly, joint-stock companies which apply for such licenses can no longer issue bearer shares (except stock exchange bearer shares). The restriction must now be […]
20 Nov 2018
Turkey’s Ministry of Finance and Treasury has increased the deferment interest rate which is applied to deferred public receivables from 12% to 22%. The new interest rate will apply to applications made after 6 September 2018. For previously deferred […]
13 Nov 2018
Turkey’s Ministry of Industry and Technology has announced a support package for industrialists, intended to reduce industrial property application and registration fees for SMEs, industrialists and citizens, Accordingly, the official fees for assignment, opposition, appeal, application and registration processes […]
6 Nov 2018
Turkey’s Ministry of Treasury and Finance has introduced a redemption mechanism for certain taxpayers which are subject to special VAT principles due to their past negative acts. The mechanism allows qualifying taxpayers to return to general VAT principles. Taxpayers […]
31 Oct 2018
Turkey has made changes to its calculation and distribution rules for advance dividends. Changes apply to advanced dividends for joint-stock companies (not subject to the Capital Market Law), limited liability companies, as well as limited partnerships. Notably, advance dividends […]
25 Oct 2018
Turkey’s Data Protection Board (“Board”) has extended the scope of data controllers which are exempt from registering with the Data Controllers Registry (“Registry”), as well as the dates which data controllers must register. The Board has also published new […]
18 Oct 2018
Turkey has introduced new rules to protect the value of its currency, aimed at ensuring profits from export transactions between 4 September 2018 and 4 March 2019 are returned to Turkey. Accordingly, values received from export transactions made by […]
11 Oct 2018
Turkey’s Ministry of Trade has issued a communiqué outlining principles and procedures for companies with share capital to follow in cases of capital loss or financial distress. It applies to joint stock companies, limited liability companies and commandite companies […]
4 Oct 2018
Turkey has capped the instalment payment period for retail goods and services at maximum 12 months, with lower caps for certain types of goods. The cap applies from 1 September 2018 and applies irrespective of whether the sale involves […]
