27 Nov 2018
The US Food and Drug Administration issued a new Biosimilars Action Plan in July 2018 (“Plan”). The Plan’s main goals are to promote innovation, access to medicine, competition, introduce key actions (including establishing a new Office of Therapeutic Biologics […]
20 Nov 2018
The Civil Procedures Law number 6100 (“CPL”) entered into effect on 1 October 2011. Turkey’s Court of Appeals recently ruled that arbitral awards which are made based on arbitration agreements that the parties entered before the CPL came into […]
13 Nov 2018
Turkey has introduced new rules for tags, tariffs and price lists for retail goods and services. From 3 October 2018 these must also include the effective date for sales and unit prices. The Ministry of Trade has also announced […]
6 Nov 2018
Turkey’s Capital Markets Board (“Board”) has announced new rules for Trade Repositories, including new obligations, activity principles, as well as new rules for membership, operation and audit. The Regulation on Trade Repositories’ Operation, Practice and Audit Principles (“Regulation”) was […]
30 Oct 2018
Turkey has reduced the financial and investment thresholds required for foreigners to acquire Turkish citizenship. The new thresholds apply from 19 September 2018. The changes apply to the necessary values of fixed capital investments, immovable property purchases, workforce employment, […]
23 Oct 2018
urkey has amended rules for the Central Bank to collect information and documents from firms, allowing it to monitor transactions which affect an entity’s foreign exchange position. Changes apply to the scope of qualifying entity’s, deadlines for submitting the […]
16 Oct 2018
Turkey has increased maximum interest rates for credit card transactions, allowing banks to charge higher interest rates. From 1 October 2018, the maximum contractual interest rate for credit card transactions in Turkish Lira increases from 2.02% to 2.25%, as […]
9 Oct 2018
Turkey has announced further details, exemptions and clarifications for recently introduced rules restricting foreign currency or foreign currency indexed payment obligations in contracts between parties residing in Turkey. These entered into force on 13 September 2018 by amending Decree […]
