News and Publications

Turkey’s Central Bank has determined new maximum contractual and default interest rates for credit card transactions, which will apply for the period 1 January 2017 to 31 March 2017. These maximum interest rates apply to transactions in Turkish Lira, […]

Turkey has taken further steps towards the Data Protection Board (“Board”) being operational, with the appointment of the final two members to the nine-person panel: Murat Karakaya and Hasan Aydın. Further developments (such as the establishment of the Data […]

Turkey has introduced a regulatory regime for granting easements and usage licenses for building new docks, berths, and moorage for private boats, yachts and marinas on public property. Such rights are granted to investors for up to 30 years. […]

Turkey has published secondary legislation, outlining further details for a recent law which lifted notary and other fees (more). Notable exemptions mean notary fees no longer apply to document copies or amendment documents which do not impact the value […]

Turkey has announced a range of changes and new regulations to real estate certificates, intended to improve effectiveness of these instruments. In particular, rules and requirements are introduced for real estate certificates issued within the urban transformation projects. A […]

The Turkish Medicine and Medical Device Institution has amended requirements for notifying the local health authority about staff changes for medical device sales and promotion support. Changes also apply to where medical device sales centres can be located, generally […]

Turkey has made significant amendments to customs regulations, intended to improve the effectiveness of the authorized customs broker system. Changes also impact the return of goods confiscated on suspicion of smuggling, analysis of goods at border gates and introduce […]

The Turkish Capital Markets Board has announced that fees for venture capital investment funds under Article 130(3) of the Capital Markets Law will not be collected between the end of 2017 and the end of 2020. Article 130(3) of […]

Turkey has introduced principles and procedures for investors to claim payments for capital market instruments which have been transferred to the Investor Compensation Center (“Centre”). The compensation mechanism applies to circumstances where a capital market instrument is dematerialized. In […]

Turkey has amended the Electricity Market Law numbered 6446 to promote use and security of domestic energy resources. Under the amendments, planned capacity mechanisms must give priority to local energy sources. The amendments aim to support overall national energy […]