29 Mar 2017
From 1 January 2017, banks in Turkey are not required to obtain statements of accounts for loans up to one million Turkish Lira. Previously, the threshold was set at 250,000 Turkish Lira. The banking regulator has also announced extensions […]
20 Mar 2017
From 3 January 2017, camera systems must be installed in LPG tube distribution centres and retail outlets, as well as where tubes are stored. The systems should detect people entering or exiting the workplace. Video records must be saved […]
15 Mar 2017
Turkey’s Capital Markets Board has decreased the ratio for leverage procedures from 100:1 to 10:1 and also increased the minimum initial margin requirement for FX transactions from 20,000 Turkish Lira to 50,000 Turkish Lira (or equal foreign currency), in […]
13 Mar 2017
Turkey’s Constitutional Court recently considered a claim that unclear statements in a lower court’s decision about a party’s final date of employment had breached his constitutional right to a fair trial. The Constitutional Court upheld the employee’s claim, holding […]
24 Jan 2017
The Union of Turkish Public Notaries (“Notary Union”) has clarified that restoration and lease agreements for immovable property owned by the General Directorate of Foundations (and related foundations) are exempt from stamp duty and fees. The Notary Union requested […]
24 Jan 2017
Turkey has introduced a new rules for determining price during tender procedures, for certain investors. The new rules apply to investors subject to the Industrial Zone Law, strategic investors in industrial zones, as well as investors operating in the […]
22 Jan 2017
Turkey has updated procedures and principles for manufacturing, modifying and installing vehicles. The updated rules relate to compliance with traffic security and highway structures, specifically addressing vehicle compliance approvals, as well as highway structures, seeking to increase traffic safety. […]
17 Jan 2017
The Union of Turkish Public Notaries (“Notary Union”) has announced that consent letters regarding real properties which do not involve real rights on real properties are exempt from stamp tax. Such documents will continue to be subject to fixed […]
12 Jan 2017
Turkey’s Money Credit and Coordination Board has introduced a new support package, intended to support exporters. The package addresses the tendency by exporters to move towards e-commerce subscription activities. Key changes include expanding the scope of entities involved, as […]
2 Jan 2017
Turkey has updated and clarified procedures for company founders to sign articles of association at the establishment phase. For companies which have drafted articles of association via the Central Registration System, the founders must now actually attend the trade […]
