<?xml version = "1.0" encoding="utf-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/"> <channel> <title>ErsoyBilgehan.com RSS Feed</title> <link>http://www.ersoybilgehan.com</link> <description>ErsoyBilgehan.com ERSOY BİLGEHAN LAWYERS AND CONSULTANTS</description><item> <title><![CDATA[ The Domino Effect of the Strait of Hormuz – Legal Considerations for Global Trade and Energy Security ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-domino-effect-of-the-strait-of-hormuz-legal-considerations-for-global-trade-and-energy-security</link> <description><![CDATA[ Following recent escalations between the United States of America, the State of Israel, and the Islamic Republic of Iran, the strategic importance of the Strait of Hormuz has returned to the forefront of global economic concern. A recent comprehensive study by the General Secretariat of the Research Services Directorate of the Turkish Parliament that was released to Turkish news agencies today (4 March 2026) (the “ Report ”) underscores that <a href='https://www.ersoybilgehan.com/en/publication-detail/the-domino-effect-of-the-strait-of-hormuz-legal-considerations-for-global-trade-and-energy-security'>More...</a> ]]> </description> <author><![CDATA[Hazal ÖRNEKOL]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-domino-effect-of-the-strait-of-hormuz-legal-considerations-for-global-trade-and-energy-security</guid> <pubDate>2026-03-04</pubDate> </item><item> <title><![CDATA[ EXPANSION OF THE MINISTRY OF TRADE’S AUTHORITY ON COMMERCIAL BOOKS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/expansion-of-the-ministry-of-trades-authority-on-commercial-books</link> <description><![CDATA[ A new regulation has entered into force, introducing an important modification to the regime governing the closing certification of statutory books. Under the existing framework: The journal book is submitted to a notary public for closing certification by the end of the sixth month of the following fiscal year, while the board of directors’ resolution book is submitted by the end of the first month of the subsequent fiscal year. Where a force <a href='https://www.ersoybilgehan.com/en/publication-detail/expansion-of-the-ministry-of-trades-authority-on-commercial-books'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/expansion-of-the-ministry-of-trades-authority-on-commercial-books</guid> <pubDate>2026-02-23</pubDate> </item><item> <title><![CDATA[ The Ceiling For Stamp Duty Raised by 18.95% for 2026 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-1895-for-2026</link> <description><![CDATA[ The Turkish Revenue Administration has revised the ceiling of stamp duty that became applicable as of 1 January 2026. A new communique, namely the Stamp Duty Code General Communique numbered 71, has raised the ceiling for stamp duty payable on documents and contracts executed and/or relied upon in Turkey by 18.95% to TRY 29,115,961.10 (approximately EUR 580,000 at the exchange rate applicable on the date of this alert). The percentage rates of st <a href='https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-1895-for-2026'>More...</a> ]]> </description> <author><![CDATA[Selin Defne SERTER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-1895-for-2026</guid> <pubDate>2026-01-13</pubDate> </item><item> <title><![CDATA[ MARINE POLLUTION FINES REVISED FOR 2026 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2026</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 2872 ( “Code” ), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea, and for consuming bunkers with excessive sulphur content. These pollution fines are updated each year to reflect inflation adjustments. Please refer to our earlier client alert on the inflation adjustment rate <a href='https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2026'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2026</guid> <pubDate>2025-12-30</pubDate> </item><item> <title><![CDATA[ KEY LEGAL CONSIDERATIONS FOR COMPANIES ENTERING INTO 2026 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/key-legal-considerations-for-companies-entering-into-2026</link> <description><![CDATA[ As we approach the end of 2025, joint stock companies and limited liability companies are required to complete certain critical actions in order to safeguard their legal standing and ensure compliance with newly enacted regulations. We set out below an overview of the key legal considerations that companies should consider as of year-end. 1) Electronic Commercial Books System and Digital Transformation As of 1 July 2025, the regulations governing <a href='https://www.ersoybilgehan.com/en/publication-detail/key-legal-considerations-for-companies-entering-into-2026'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/key-legal-considerations-for-companies-entering-into-2026</guid> <pubDate>2025-12-24</pubDate> </item><item> <title><![CDATA[ Increased Administrative Fines under the Turkish Commercial Code for 2026 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/increased-administrative-fines-under-the-turkish-commercial-code-for-2026</link> <description><![CDATA[ The Ministry of Trade has published the “Communiqué on Administrative Fines to be applied in 2026 under the Turkish Commercial Code ( “TCC” ) No. 6102” in the Official Gazette dated 17 December 2025. The TCC establishes a regulatory framework to ensure transparency, accountability and fair competition in the commercial environment. To enforce these principles, the TCC prescribes administrative fines for specific violations under Articles <a href='https://www.ersoybilgehan.com/en/publication-detail/increased-administrative-fines-under-the-turkish-commercial-code-for-2026'>More...</a> ]]> </description> <author><![CDATA[Gülşah AKBAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/increased-administrative-fines-under-the-turkish-commercial-code-for-2026</guid> <pubDate>2025-12-18</pubDate> </item><item> <title><![CDATA[ New Steps Taken to Combat Unfair Competition in Imports ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-steps-taken-to-combat-unfair-competition-in-imports</link> <description><![CDATA[ On December 17, 2025, the Ministry of Trade published two new Communiqués (numbered 2025/39 and 2025/52) in the Official Gazette to prevent unfair competition in imports. These developments concern anti-dumping measures against products originating from China and Egypt. 1. New Anti-Dumping Duties on Acrylic Fibers from China Following the completion of a dumping investigation by the General Directorate of Imports, the Ministry has decided to imp <a href='https://www.ersoybilgehan.com/en/publication-detail/new-steps-taken-to-combat-unfair-competition-in-imports'>More...</a> ]]> </description> <author><![CDATA[Selin Defne SERTER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-steps-taken-to-combat-unfair-competition-in-imports</guid> <pubDate>2025-12-17</pubDate> </item><item> <title><![CDATA[ THE GOVERNMENT INTRODUCES PUBLIC FUNDING SUPPORT FOR VENTURE CAPITAL FUNDS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-government-introduces-public-funding-support-for-venture-capital-funds</link> <description><![CDATA[ The Ministry of Industry and Technology (“ Ministry ”) has introduced a new regulation, namely the “Regulation on Participation in Venture Capital Funds and Venture Capital Practices” (“ Regulation ”) which entered into force on 28 November 2025. The Regulation establishes a structured framework for providing public funding from the Ministry to venture capital funds that focus on technology, innovation and technology-driven production <a href='https://www.ersoybilgehan.com/en/publication-detail/the-government-introduces-public-funding-support-for-venture-capital-funds'>More...</a> ]]> </description> <author><![CDATA[Yeşim ODABAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-government-introduces-public-funding-support-for-venture-capital-funds</guid> <pubDate>2025-12-03</pubDate> </item><item> <title><![CDATA[ IMPACT OF THE INFLATION ADJUSTMENT RATE ON THE MARITIME SECTOR ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/impact-of-the-inflation-adjustment-rate-on-the-maritime-sector</link> <description><![CDATA[ The Directorate of Revenue Administration of the Ministry of Treasury and Finance has announced the inflation adjustment rate in the Official Gazette dated 27 November 2025. The inflation adjustment rate has been determined as 25.49%. This will have a significant effect on almost all taxes and dues as well as monetary fines in 2026 such as income tax, motor vehicles taxes, environment taxes, taxation-related penalties under the Tax Procedure Law, <a href='https://www.ersoybilgehan.com/en/publication-detail/impact-of-the-inflation-adjustment-rate-on-the-maritime-sector'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/impact-of-the-inflation-adjustment-rate-on-the-maritime-sector</guid> <pubDate>2025-12-01</pubDate> </item><item> <title><![CDATA[ INCREASED MARINE POLLUTION COMPULSORY FINANCIAL LIABILITY INSURANCE LIMITS FOR COASTAL FACILITIES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/increased-marine-pollution-compulsory-financial-liability-insurance-limits-for-coastal-facilities</link> <description><![CDATA[ In today’s Official Gazette, an amendment has been published to the Communiqué on Tariff and Instructions for Coastal Facilities Marine Pollution Compulsory Financial Liability Insurance, originally dated 25 April 2018. The amendment introduces substantial increases to the minimum limits required for compulsory liability insurance for coastal facilities and revises the capacity-based tariff structure. The amendments will take effect from 1 Jan <a href='https://www.ersoybilgehan.com/en/publication-detail/increased-marine-pollution-compulsory-financial-liability-insurance-limits-for-coastal-facilities'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/increased-marine-pollution-compulsory-financial-liability-insurance-limits-for-coastal-facilities</guid> <pubDate>2025-11-25</pubDate> </item><item> <title><![CDATA[ AMENDMENTS INTRODUCED TO THE REGULATION ON THE CARRIAGE OF DANGEROUS GOODS BY SEA AND LOADING SAFETY ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/amendments-introduced-to-the-regulation-on-the-carriage-of-dangerous-goods-by-sea-and-loading-safety</link> <description><![CDATA[ The Turkish Government has introduced new amendments to the Regulation on the Carriage of Dangerous Goods by Sea and Loading Safety (“ Regulation ”) setting out new rules concerning terminal operation authorizations, duties of dangerous goods safety advisors, gross weight verification and administrative fines. 1. Amendments to Terminal Operation Authorisation A coastal facility holding a Dangerous Goods Compliance Certificate (“ TYUB ”) m <a href='https://www.ersoybilgehan.com/en/publication-detail/amendments-introduced-to-the-regulation-on-the-carriage-of-dangerous-goods-by-sea-and-loading-safety'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/amendments-introduced-to-the-regulation-on-the-carriage-of-dangerous-goods-by-sea-and-loading-safety</guid> <pubDate>2025-10-13</pubDate> </item><item> <title><![CDATA[ NEW RULES REDUCE THE SCOPE OF COMPANIES’ ELECTRONIC BOOKKEEPING ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-rules-reduce-the-scope-of-companies-electronic-bookkeeping</link> <description><![CDATA[ Turkish Ministry of Commerce and the Ministry of Treasury and Finance have introduced key changes to the rules on keeping certain company books electronically. The Amending Communiqué, published in the Official Gazette on 20 September 2025, came into force with immediate effect. 1. Narrowed Scope of Electronic Bookkeeping Under the previous regulation, companies registered with the trade registry were required to keep four books electronically a <a href='https://www.ersoybilgehan.com/en/publication-detail/new-rules-reduce-the-scope-of-companies-electronic-bookkeeping'>More...</a> ]]> </description> <author><![CDATA[Yeşim ODABAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-rules-reduce-the-scope-of-companies-electronic-bookkeeping</guid> <pubDate>2025-10-13</pubDate> </item><item> <title><![CDATA[ A New Era in Port State Control: Risk Based Inspections, Centralized Planning, and Stricter Sanctions ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/a-new-era-in-port-state-control-risk-based-inspections-centralized-planning-and-stricter-sanctions</link> <description><![CDATA[ On 20 September 2025, the Port State Control Implementation Regulation (“ Regulation ”) was published in the Official Gazette No. 33023 and entered into force, repealing the previous 2006 regulation. The purpose of the new Regulation is to ensure that foreign-flagged vessels operating within Turkiye’s maritime jurisdiction are inspected for compliance with international conventions to which Turkey is a party, to safeguard the safety of navi <a href='https://www.ersoybilgehan.com/en/publication-detail/a-new-era-in-port-state-control-risk-based-inspections-centralized-planning-and-stricter-sanctions'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/a-new-era-in-port-state-control-risk-based-inspections-centralized-planning-and-stricter-sanctions</guid> <pubDate>2025-09-25</pubDate> </item><item> <title><![CDATA[ FAST-TRACK LICENSING PROCEDURES FOR ENERGY AND MINING INVESTMENTS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/fast-track-licensing-procedures-for-energy-and-mining-investments</link> <description><![CDATA[ In response to complaints from stakeholders in the energy and mining sectors about lengthy licensing procedures, the Turkish government has introduced several amendments to the applicable legislation aimed at streamlining the project development process. Under the new amendments, project developers may now apply for licences without first obtaining a positive Environmental Impact Assessment (“ EIA ”) decision. Before the amendments, many proj <a href='https://www.ersoybilgehan.com/en/publication-detail/fast-track-licensing-procedures-for-energy-and-mining-investments'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/fast-track-licensing-procedures-for-energy-and-mining-investments</guid> <pubDate>2025-08-18</pubDate> </item><item> <title><![CDATA[ MARINE SPATIAL PLANNING COORDINATION BOARD ESTABLISHED IN TURKEY: A NEW STEP TOWARD INTEGRATED, SUSTAINABLE USE OF TURKISH WATERS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/marine-spatial-planning-coordination-board-established-in-turkey-a-new-step-toward-integrated-sustainable-use-of-turkish-waters</link> <description><![CDATA[ With a circular published recently on the Official Gazette, the Presidency of Turkey has established the Marine Spatial Planning Coordination Board (the “ Board ”) to ensure the sustainable and coordinated use of the country’s surrounding seas. The move is designed to evaluate the environmental impacts of maritime activities, safeguard maritime jurisdiction and rights, and develop comprehensive marine strategies and action plans. The circul <a href='https://www.ersoybilgehan.com/en/publication-detail/marine-spatial-planning-coordination-board-established-in-turkey-a-new-step-toward-integrated-sustainable-use-of-turkish-waters'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/marine-spatial-planning-coordination-board-established-in-turkey-a-new-step-toward-integrated-sustainable-use-of-turkish-waters</guid> <pubDate>2025-08-01</pubDate> </item><item> <title><![CDATA[ Turkiye Increases Combat Against Financial Crimes Committed via Crypto Assets ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkiye-increases-combat-against-financial-crimes-committed-via-crypto-assets</link> <description><![CDATA[ In recent years, use of crypto assets in financial crimes, such as money laundering, cyber-attacks, narcotics and trafficking, has sky rocketed. Research by international organizations such as FATF and INTERPOL reaffirm this alarming situation. In order to prevent further crypto-related crimes, Turkey’s Financial Crimes Investigation Board introduced new measures to further regulate crypto currency transactions and trade. Under the new rules, c <a href='https://www.ersoybilgehan.com/en/publication-detail/turkiye-increases-combat-against-financial-crimes-committed-via-crypto-assets'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkiye-increases-combat-against-financial-crimes-committed-via-crypto-assets</guid> <pubDate>2025-07-25</pubDate> </item><item> <title><![CDATA[ Hong Kong Convention on Ship Recycling Has Entered Into Force ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/hong-kong-convention-on-ship-recycling-has-entered-into-force</link> <description><![CDATA[ The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (“ Convention ”) adopted by the International Maritime Organization (IMO) on 15 May 2009 has entered into force as of 26 June 2025. Its aim is to ensure that ships that have ended their operational lives are recycled safely and without posing unnecessary risks to human health and the environment. Turkey has been a contracting state since dep <a href='https://www.ersoybilgehan.com/en/publication-detail/hong-kong-convention-on-ship-recycling-has-entered-into-force'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/hong-kong-convention-on-ship-recycling-has-entered-into-force</guid> <pubDate>2025-07-11</pubDate> </item><item> <title><![CDATA[ Expanding Your Business in Turkey (in Japanese) ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/expanding-your-business-in-turkey-in-japanese</link> <description><![CDATA[ <a href='https://www.ersoybilgehan.com/en/publication-detail/expanding-your-business-in-turkey-in-japanese'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/expanding-your-business-in-turkey-in-japanese</guid> <pubDate>2025-07-01</pubDate> </item><item> <title><![CDATA[ Parliament Amends the Law to Address Constitutional Court’s Annulment of the Applicable Law Relating to Employment Contracts with a Foreign Element ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-amends-the-law-to-address-constitutional-courts-annulment-of-the-applicable-law-relating-to-employment-contracts-with-a-foreign-element</link> <description><![CDATA[ A recent amendment to the International Private and Procedural Law (“ IPPL ”) clarifies whether the parties to an employment contract can agree on a choice of law and the safeguards available to the employee in such cases. The amendment addresses the legal gap that was expected to result from the Constitutional Court’s annulment of the first paragraph of Article 27 of the IPPL, which permitted parties to choose the applicable law in employm <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-amends-the-law-to-address-constitutional-courts-annulment-of-the-applicable-law-relating-to-employment-contracts-with-a-foreign-element'>More...</a> ]]> </description> <author><![CDATA[Hande YÜCEL]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-amends-the-law-to-address-constitutional-courts-annulment-of-the-applicable-law-relating-to-employment-contracts-with-a-foreign-element</guid> <pubDate>2025-06-18</pubDate> </item><item> <title><![CDATA[ Change in Employers’ Obligation to Pay Salaries through Bank Transfers ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/change-in-employers-obligation-to-pay-salaries-through-bank-transfers</link> <description><![CDATA[ The Regulation on the Payment of Wages, Bonuses, Premiums and Any Other Similar Receivables Through Banks (“ Regulation ”), which was published in the Official Gazette dated 18 November 2008 and entered into force on 1 January 2009, sets out the principles regarding the payment of wages to employees through banks. With the Regulation Amending the Regulation on the Payment of Salaries, Bonuses, Premiums and Any Other Similar Receivables Throug <a href='https://www.ersoybilgehan.com/en/publication-detail/change-in-employers-obligation-to-pay-salaries-through-bank-transfers'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/change-in-employers-obligation-to-pay-salaries-through-bank-transfers</guid> <pubDate>2025-06-12</pubDate> </item><item> <title><![CDATA[ Second Set of Amendments to Decree No. 32 on the Protection of the Value of Turkish Currency Introduced in March 2025 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/second-set-of-amendments-to-decree-no-32-on-the-protection-of-the-value-of-turkish-currency-introduced-in-march-2025</link> <description><![CDATA[ Türkiye published further significant amendments to the Decree No. 32 on the Protection of the Value of the Turkish Currency in the Official Gazette. These amendments include notable regulations affecting cash transfers abroad, derivative transactions, and guarantees in foreign currency. Increased Limit for Cash Transfers Abroad Previously, the Decree No. 32 required individuals carrying cash amounts exceeding 25,000 Turkish Lira (approximately <a href='https://www.ersoybilgehan.com/en/publication-detail/second-set-of-amendments-to-decree-no-32-on-the-protection-of-the-value-of-turkish-currency-introduced-in-march-2025'>More...</a> ]]> </description> <author><![CDATA[Hazal ÖRNEKOL]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/second-set-of-amendments-to-decree-no-32-on-the-protection-of-the-value-of-turkish-currency-introduced-in-march-2025</guid> <pubDate>2025-03-24</pubDate> </item><item> <title><![CDATA[ Constitutional Court Annuls Provision Allowing Choice of Law in Employment Contracts ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/constitutional-court-annuls-provision-allowing-choice-of-law-in-employment-contracts</link> <description><![CDATA[ The Constitutional Court recently handed down judgment concerning the parties’ choice of law in employment contracts with a foreign element. In the judgment published in the Official Gazette on 10 March 2025, the Court examined the constitutionality of Article 27 of the International Private and Procedural Law (“ IPPL ”) which regulates the law applicable to employment contracts. 1. Application for Annulment The applicants challenged the co <a href='https://www.ersoybilgehan.com/en/publication-detail/constitutional-court-annuls-provision-allowing-choice-of-law-in-employment-contracts'>More...</a> ]]> </description> <author><![CDATA[Hande YÜCEL]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/constitutional-court-annuls-provision-allowing-choice-of-law-in-employment-contracts</guid> <pubDate>2025-03-19</pubDate> </item><item> <title><![CDATA[ Türkiye Amends Decree No. 32 to Ease Transactions in Foreign Currency ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkiye-amends-decree-no-32-to-ease-transactions-in-foreign-currency</link> <description><![CDATA[ On 6 March 2025, the Turkish government amended the application of the Decree No. 32, which limits the pricing and payment of certain goods and services in foreign currency for the purposes of protecting the value of the Turkish Lira. One of the amendments is a welcomed relaxation of the limitations on private parties’ intention to contract in foreign currencies, while both is expected to significantly impact contractual payment obligations in <a href='https://www.ersoybilgehan.com/en/publication-detail/turkiye-amends-decree-no-32-to-ease-transactions-in-foreign-currency'>More...</a> ]]> </description> <author><![CDATA[Hazal ÖRNEKOL]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkiye-amends-decree-no-32-to-ease-transactions-in-foreign-currency</guid> <pubDate>2025-03-10</pubDate> </item><item> <title><![CDATA[ COMMERCIAL BOOKS CAN NOW BE KEPT ELECTRONICALLY ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/commercial-books-can-now-be-kept-electronically</link> <description><![CDATA[ The Ministry of Commerce (“ Ministry ”) and the Ministry of Treasury and Finance paved the way for the digitalization of commercial books with the “Communique on Keeping Commercial Books Not Related to the Accounting of the Business in Electronic Form” (“ Communique ”) published in the Official Gazette dated February 14, 2025, and numbered 32813. The Communique, which will enter into force on July 1, 2025, requires certain commercial <a href='https://www.ersoybilgehan.com/en/publication-detail/commercial-books-can-now-be-kept-electronically'>More...</a> ]]> </description> <author><![CDATA[Yeşim ODABAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/commercial-books-can-now-be-kept-electronically</guid> <pubDate>2025-02-21</pubDate> </item><item> <title><![CDATA[ THE MINIMUM OWN FUNDS REQUIREMENT SET FOR PAYMENT AND ELECTRONIC MONEY INSTITUTIONS REVISED FOR 2025 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-minimum-own-funds-requirement-set-for-payment-and-electronic-money-institutions-revised-for-2025</link> <description><![CDATA[ The Communiqué on the Reassessment of Minimum Own Funds Requirements for Payment and Electronic Money Institutions, published in the Official Gazette on January 30, 2025, is set to enter into force on June 30, 2025. The regulation introduces significant increases in the minimum capital requirements for payment and electronic money institutions operating in Türkiye. The minimum own funds requirement for payment institutions providing bill paymen <a href='https://www.ersoybilgehan.com/en/publication-detail/the-minimum-own-funds-requirement-set-for-payment-and-electronic-money-institutions-revised-for-2025'>More...</a> ]]> </description> <author><![CDATA[Yeşim ODABAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-minimum-own-funds-requirement-set-for-payment-and-electronic-money-institutions-revised-for-2025</guid> <pubDate>2025-02-06</pubDate> </item><item> <title><![CDATA[ Occupational Health and Safety Obligations Take Force: Are You Prepared? ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/occupational-health-and-safety-obligations-take-force-are-you-prepared</link> <description><![CDATA[ The Occupational Health and Safety Law No. 6331 (“ Law ”), enacted in 2012, marks a significant milestone in Turkey's efforts to align its occupational health and safety framework with international standards. Under Article 6 of the Law, employers are required to either employ an occupational safety specialist and an occupational physician or obtain these services from a third party. This obligation was previously postponed for workplaces wit <a href='https://www.ersoybilgehan.com/en/publication-detail/occupational-health-and-safety-obligations-take-force-are-you-prepared'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/occupational-health-and-safety-obligations-take-force-are-you-prepared</guid> <pubDate>2025-01-30</pubDate> </item><item> <title><![CDATA[ GUIDELINES ON THE CROSS-BORDER TRANSFER OF PERSONAL DATA ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/guidelines-on-the-cross-border-transfer-of-personal-data</link> <description><![CDATA[ In 2024, the Personal Data Protection Law No. 6698 (“ LPPD ”) underwent significant amendments, introducing a revised legislative framework for transferring personal data abroad, effective as of 1 September 2024. These changes, primarily aimed at aligning updated Article 9 of the LPPD with the General Data Protection Regulation (“ GDPR ”), to establish a tiered and alternative framework for cross-border data transfers. Under this framewor <a href='https://www.ersoybilgehan.com/en/publication-detail/guidelines-on-the-cross-border-transfer-of-personal-data'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/guidelines-on-the-cross-border-transfer-of-personal-data</guid> <pubDate>2025-01-24</pubDate> </item><item> <title><![CDATA[ Constitutional Court Ruling on Court Fees in the Enforcement of Foreign Judgments ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/constitutional-court-ruling-on-court-fees-in-the-enforcement-of-foreign-judgments</link> <description><![CDATA[ The Constitutional Court, in a judgment published in the Official Gazette on 9 January 2025, considered whether requiring proportional court fees in proceedings for the enforcement of foreign judgments in Turkey is compatible with constitutional principles. 1. Subject Matter of the Application The rules and the procedure governing enforcement of foreign judgments are regulated under the Law on the International Private and Procedural law no. 5718 <a href='https://www.ersoybilgehan.com/en/publication-detail/constitutional-court-ruling-on-court-fees-in-the-enforcement-of-foreign-judgments'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/constitutional-court-ruling-on-court-fees-in-the-enforcement-of-foreign-judgments</guid> <pubDate>2025-01-20</pubDate> </item><item> <title><![CDATA[ Türkiye Establishes Cybersecurity Administration to Address Emerging Threats, with Cybersecurity Law on the Horizon ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkiye-establishes-cybersecurity-administration-to-address-emerging-threats-with-cybersecurity-law-on-the-horizon</link> <description><![CDATA[ In a decisive move to strengthen its defenses against cyber threats, Türkiye has established a dedicated Cybersecurity Administration. Officially announced in the Presidential Decree on the Cybersecurity Administration, published in the Official Gazette on January 8, 2025, this new government body will operate as a specially budgeted institution based in Ankara, directly affiliated with the Presidency. Its primary mission will be to implement th <a href='https://www.ersoybilgehan.com/en/publication-detail/turkiye-establishes-cybersecurity-administration-to-address-emerging-threats-with-cybersecurity-law-on-the-horizon'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkiye-establishes-cybersecurity-administration-to-address-emerging-threats-with-cybersecurity-law-on-the-horizon</guid> <pubDate>2025-01-20</pubDate> </item><item> <title><![CDATA[ The Importation of Civil Aircraft to Türkiye ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-importation-of-civil-aircraft-to-turkiye</link> <description><![CDATA[ Türkiye has introduced the Regulation on the Importation of Civil Aircraft ("Regulation"), which came into effect on January 1, 2025 . Regulation outlines the requirement for obtaining a Conformity Letter from the Directorate General of Civil Aviation for certain goods categorized under specific Customs Tariff Statistical Positions (GTİP) when subject to free circulation or temporary importation regimes. Affected Goods and Requirements The good <a href='https://www.ersoybilgehan.com/en/publication-detail/the-importation-of-civil-aircraft-to-turkiye'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-importation-of-civil-aircraft-to-turkiye</guid> <pubDate>2025-01-02</pubDate> </item><item> <title><![CDATA[ MARINE POLLUTION FINES REVISED FOR 2025 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2025</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 2872 (“ Code ”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea, and for consuming bunkers with excessive sulphur content. These marine pollution fines are updated each year to reflect inflation adjustments. Please refer to our earlier client alert on the inflation adjustmen <a href='https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2025'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2025</guid> <pubDate>2024-12-24</pubDate> </item><item> <title><![CDATA[ New Regulation on Market Surveillance and Inspection for Products Offered through Remote Communication Tools ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-regulation-on-market-surveillance-and-inspection-for-products-offered-through-remote-communication-tools</link> <description><![CDATA[ The Ministry of Trade (“ Ministry ”) published the Regulation on Market Surveillance and Inspection of Products Offered through Remote Communication Tools (" Regulation ") in the Official Gazette dated 30 October 2024. This Regulation outlines the procedures and principles applicable to placing products on the market and sales advertisements for products offered or made available on the market via remote communication tools such as telephone, <a href='https://www.ersoybilgehan.com/en/publication-detail/new-regulation-on-market-surveillance-and-inspection-for-products-offered-through-remote-communication-tools'>More...</a> ]]> </description> <author><![CDATA[Yeşim ODABAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-regulation-on-market-surveillance-and-inspection-for-products-offered-through-remote-communication-tools</guid> <pubDate>2024-12-02</pubDate> </item><item> <title><![CDATA[ IMPACT OF INFLATION ADJUSTMENT RATE ON THE MARITIME SECTOR ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/impact-of-inflation-adjustment-rate-on-the-maritime-sector</link> <description><![CDATA[ The Directorate of Revenue Administration of the Ministry of Treasury and Finance has announced the inflation adjustment rate in the Official Gazette dated 27 November 2024. The inflation adjustment rate has been determined as 43.93%. This will have a significant effect on almost all taxes and dues as well as monetary fines in 2025 such as income tax, motor vehicles taxes, environment taxes, taxation-related penalties under the Tax Procedure Law, <a href='https://www.ersoybilgehan.com/en/publication-detail/impact-of-inflation-adjustment-rate-on-the-maritime-sector'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/impact-of-inflation-adjustment-rate-on-the-maritime-sector</guid> <pubDate>2024-11-28</pubDate> </item><item> <title><![CDATA[ Turkish Port Clearance Rules Have Been Amended ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-port-clearance-rules-have-been-amended</link> <description><![CDATA[ On 17 November 2024, Turkish Ministry of Transport has changed the rules for the vessels seeking to obtain port clearance. These amendments were introduced with the primary objectives of enhancing maritime trade, ensuring safety at sea, and addressing practical operational challenges. The amendments to the Regulation on Ports (“Regulation”) introduce more detailed inspections by the relevant Harbor Master’s Offices when granting clearance t <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-port-clearance-rules-have-been-amended'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-port-clearance-rules-have-been-amended</guid> <pubDate>2024-11-18</pubDate> </item><item> <title><![CDATA[ NEW DRAFT REGULATION ON PILOTAGE AND TUGBOAT SERVICES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-draft-regulation-on-pilotage-and-tugboat-services</link> <description><![CDATA[ The Ministry of Transport and Infrastructure (" Ministry ") has published a draft Regulation on Pilotage and Tugboat Services. After receiving opinions from the shipping sector, the Ministry will finalize the Regulation to be published in the Official Gazette, as such, the Regulation will officially enter into force. This draft regulation is set to impose several significant changes affecting service providers, market competition and compliance r <a href='https://www.ersoybilgehan.com/en/publication-detail/new-draft-regulation-on-pilotage-and-tugboat-services'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-draft-regulation-on-pilotage-and-tugboat-services</guid> <pubDate>2024-11-08</pubDate> </item><item> <title><![CDATA[ TÜRKİYE Joins Global Effort to Protect High Seas Biodiversity ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkiye-joins-global-effort-to-protect-high-seas-biodiversity</link> <description><![CDATA[ Türkiye has formally advanced its commitment to the conservation and sustainable use of marine resources by signing the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction ("High Seas Treaty"). As outlined in Article 2, the High Seas Treaty aims to ensure the conservation and sustainable use of marine biological diversity <a href='https://www.ersoybilgehan.com/en/publication-detail/turkiye-joins-global-effort-to-protect-high-seas-biodiversity'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkiye-joins-global-effort-to-protect-high-seas-biodiversity</guid> <pubDate>2024-10-30</pubDate> </item><item> <title><![CDATA[ NEW CRITERIA INTRODUCED FOR THE ASSESSMENT OF WORK PERMIT APPLICATIONS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-criteria-introduced-for-the-assessment-of-work-permit-applications</link> <description><![CDATA[ In recent years, Türkiye has become an increasingly more favoured destination for skilled foreign workers seeking new opportunities. The diverse job market and economic potential have attracted individuals from various professions. To improve clarity and predictability in the work permit application process, the Ministry of Labour and Social Security (the “ Ministry ”) published a new guideline on 1 October 2024 (the “ New Guideline ”), <a href='https://www.ersoybilgehan.com/en/publication-detail/new-criteria-introduced-for-the-assessment-of-work-permit-applications'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-criteria-introduced-for-the-assessment-of-work-permit-applications</guid> <pubDate>2024-10-25</pubDate> </item><item> <title><![CDATA[ Recent Amendments to the Regulation on Renting Residential Properties for Tourism Purposes ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/recent-amendments-to-the-regulation-on-renting-residential-properties-for-tourism-purposes</link> <description><![CDATA[ Significant new amendments have been introduced to the Regulation on Renting Residential Properties for Tourism Purposes ("Regulation") through the Official Gazette published on 26 July 2024. These amendments specifically address the short-term rental of residences with time-share rights for tourism purposes, further clarifying the conditions required to obtain the necessary permits for such rentals. Key changes include the requirement that resid <a href='https://www.ersoybilgehan.com/en/publication-detail/recent-amendments-to-the-regulation-on-renting-residential-properties-for-tourism-purposes'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/recent-amendments-to-the-regulation-on-renting-residential-properties-for-tourism-purposes</guid> <pubDate>2024-08-13</pubDate> </item><item> <title><![CDATA[ ESG COMPLIANCE PROCESS: A LEGAL PERSPECTIVE FOR COMPANIES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/esg-compliance-process-a-legal-perspective-for-companies</link> <description><![CDATA[ What is ESG: Environmental, Social and Corporate Governance As climate change becomes an ever-growing concern, the promotion of the circular economy intensifies, and the focus on companies' internal practices sharpens, the need for adopting less environmentally damaging operations has become more crucial than ever. This means that not only should companies aim to minimize their environmental impact, they should also comply with legal regulations, <a href='https://www.ersoybilgehan.com/en/publication-detail/esg-compliance-process-a-legal-perspective-for-companies'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/esg-compliance-process-a-legal-perspective-for-companies</guid> <pubDate>2024-07-31</pubDate> </item><item> <title><![CDATA[ LEGISLATIVE CHANGES IN TURKIYE’S TRANSPORTATION: Detailed Insights ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/legislative-changes-in-turkiyes-transportation-detailed-insights</link> <description><![CDATA[ On 9th July, the “Law on the Amendments to the Turkish Civil Aviation Law, Certain Laws, and the Presidential Decree No. 655 (“ Law ”) came into force. Last week, we published an initial client alert introducing this topic, highlighting that the Law brings numerous new regulations in the field of transportation. This alert is intended to provide our clients with a detailed overview of the amendments that have been introduced. The Ministry o <a href='https://www.ersoybilgehan.com/en/publication-detail/legislative-changes-in-turkiyes-transportation-detailed-insights'>More...</a> ]]> </description> <author><![CDATA[Gülşah AKBAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/legislative-changes-in-turkiyes-transportation-detailed-insights</guid> <pubDate>2024-07-30</pubDate> </item><item> <title><![CDATA[ Comprehensive Legislative Changes in Turkiye’s Transportation ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/comprehensive-legislative-changes-in-turkiyes-transportation</link> <description><![CDATA[ The “Law on the Amendments to the Turkish Civil Aviation Law, Certain Laws and the Presidential Decree No. 655” (the “ Law ”) came into force on 9th of July. This Law introduces numerous new regulations in the field of transportation. I. Amendments to the Law of Ports The Ministry of Transport and Infrastructure (the “ Ministry ”) is authorized to set minimum and maximum limits on fees for services provided to vessels at ports, docks, <a href='https://www.ersoybilgehan.com/en/publication-detail/comprehensive-legislative-changes-in-turkiyes-transportation'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/comprehensive-legislative-changes-in-turkiyes-transportation</guid> <pubDate>2024-07-10</pubDate> </item><item> <title><![CDATA[ Raising The Bar: EU Expands Sanctions on Russian Maritime and Energy Operations ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/raising-the-bar-eu-expands-sanctions-on-russian-maritime-and-energy-operations</link> <description><![CDATA[ On June 24, 2024, the EU Council enacted Regulation (EU) 2024/1745, introducing stricter sanctions targeting Russia's transport, maritime and energy sectors. The stringent new measures aim to prevent the circumvention of existing sanctions and to increase economic and financial pressure on Russia amid the ongoing conflict in Ukraine. The regulation imposes several key restrictions on maritime transport. Re-flagged Russian vessels are now prohibit <a href='https://www.ersoybilgehan.com/en/publication-detail/raising-the-bar-eu-expands-sanctions-on-russian-maritime-and-energy-operations'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/raising-the-bar-eu-expands-sanctions-on-russian-maritime-and-energy-operations</guid> <pubDate>2024-07-04</pubDate> </item><item> <title><![CDATA[ NEW DIRECTIVE FOR SAFER PILOTAGE SERVICES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-directive-for-safer-pilotage-services</link> <description><![CDATA[ The Directorate General for Maritime Affairs has recently announced a Directive Regarding the Safety of Pilotage Services. The Directive follows a number of unfortunate incidents which brought to light the necessity to introduce stricter safety measures with regard to the pilot transfers and pilotage services in general. In a nutshell, the Directive envisages new rules with respect to the design of the pilot boats from a safety perspective. Some <a href='https://www.ersoybilgehan.com/en/publication-detail/new-directive-for-safer-pilotage-services'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-directive-for-safer-pilotage-services</guid> <pubDate>2024-06-20</pubDate> </item><item> <title><![CDATA[ THE LEGISLATOR INTRODUCES A MORE EFFICIENT AND FLEXIBLE CORPORATE GOVERNANCE IN TURKIYE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-legislator-introduces-a-more-efficient-and-flexible-corporate-governance-in-turkiye</link> <description><![CDATA[ As a result of the Turkish legislators' efforts to adapt the regulations to the current needs of companies, a new law amending the Turkish Commercial Code (“ TCC ”) came into force on 29th of May 2024. The amendments include significant changes to the operation of branch companies, board of directors’ meetings and share capitals. In the last several years, Turkiye has been receiving an increasing amount of attention from foreign investors w <a href='https://www.ersoybilgehan.com/en/publication-detail/the-legislator-introduces-a-more-efficient-and-flexible-corporate-governance-in-turkiye'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-legislator-introduces-a-more-efficient-and-flexible-corporate-governance-in-turkiye</guid> <pubDate>2024-05-31</pubDate> </item><item> <title><![CDATA[ TURKEY INCREASES THE STATUTORY ANNUAL LEGAL INTEREST RATE FROM 9% TO 24% ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-increases-the-statutory-annual-legal-interest-rate-from-9-to-24</link> <description><![CDATA[ Pursuant to the Presidential Decree published in the Official Gazette on 21 May 2024, the legal interest rate received a big hike from 9% to 24% effective from 1 June 2024 (“the Effective Date”). As a matter of Turkish Law, default interest arising from a debt under the Code of Obligations or the Commercial Code, is subject to the legal interest rate unless (i) determined otherwise in a contract or (ii) there is no commercial transaction. The <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-increases-the-statutory-annual-legal-interest-rate-from-9-to-24'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-increases-the-statutory-annual-legal-interest-rate-from-9-to-24</guid> <pubDate>2024-05-22</pubDate> </item><item> <title><![CDATA[ THE 2012 LIABILITY LIMITS ARE REAFFIRMED BY THE ADMIRALTY COURT ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-2012-liability-limits-are-reaffirmed-by-the-admiralty-court</link> <description><![CDATA[ In a very recent judgement, the Istanbul 17th Commercial Court (“ Court ”) (established as the Admiralty Court in Istanbul) with jurisdiction to hear maritime disputes, ruled that the 2012 liability limits in the amendment to the 1996 Protocol to the 1976 Convention on Limitation of Liability in Maritime Claims (“ LLMC ”) are in force in Turkey. This reinforces the position on the applicable limits following the historic VITASPIRIT case d <a href='https://www.ersoybilgehan.com/en/publication-detail/the-2012-liability-limits-are-reaffirmed-by-the-admiralty-court'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-2012-liability-limits-are-reaffirmed-by-the-admiralty-court</guid> <pubDate>2024-05-02</pubDate> </item><item> <title><![CDATA[ Pufferfish Menace: Ministry Takes Action! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/pufferfish-menace-ministry-takes-action</link> <description><![CDATA[ Measures are being taken to address the threat posed by pufferfish, those quirky yet troublesome sea creatures. Despite their adorable puffed-up appearance, these sneaky fish pack a venomous punch, posing risks to human health. More importantly, their rapid reproduction rate exacerbates the harm they cause to the biological diversity of Turkey's seas. Recognizing the significant damage inflicted by these invasive creatures on the fishing industry <a href='https://www.ersoybilgehan.com/en/publication-detail/pufferfish-menace-ministry-takes-action'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/pufferfish-menace-ministry-takes-action</guid> <pubDate>2024-04-17</pubDate> </item><item> <title><![CDATA[ INCENTIVES FOR THE REJUVENATION OF THE TURKISH FLEET IS EXTENDED TO LARGER TONNAGE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/incentives-for-the-rejuvenation-of-the-turkish-fleet-is-extended-to-larger-tonnage</link> <description><![CDATA[ In recent years, Turkey has undertaken significant initiatives to advance its maritime industry and ensure the ongoing dynamism of its fleet. With this objective in mind, amendments have been made on 23 March 2024 to the Regulation on Incentivizing Construction of New Vessels to Replace Scrapped Turkish Flagged Vessels (“ Regulation ”). This regulatory framework is dedicated to ensure the safety and sustainability of the Turkish fleet through <a href='https://www.ersoybilgehan.com/en/publication-detail/incentives-for-the-rejuvenation-of-the-turkish-fleet-is-extended-to-larger-tonnage'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/incentives-for-the-rejuvenation-of-the-turkish-fleet-is-extended-to-larger-tonnage</guid> <pubDate>2024-04-04</pubDate> </item><item> <title><![CDATA[ COLREG PREVAILS – TURKEY TO INTRODUCE LEGISLATION TO ENSURE SWIFT ADOPTION OF COLREG AMENDMENTS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/colreg-prevails-turkey-to-introduce-legislation-to-ensure-swift-adoption-of-colreg-amendments</link> <description><![CDATA[ Turkey has been a party to International Regulations for Preventing Collisions at Sea 1972 (the “ COLREG ”) and more or less adopted it’s provisions under domestic law with the Statute on Preventing Collisions at Sea (the “ Statute ”) on 12.12.1997. Despite COLREG having been amended multiple times over the years following the introduction of the Statute, Turkey, elected not to amend this Statute directly through the applicable legislat <a href='https://www.ersoybilgehan.com/en/publication-detail/colreg-prevails-turkey-to-introduce-legislation-to-ensure-swift-adoption-of-colreg-amendments'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/colreg-prevails-turkey-to-introduce-legislation-to-ensure-swift-adoption-of-colreg-amendments</guid> <pubDate>2024-03-14</pubDate> </item><item> <title><![CDATA[ SIGNIFICANT CHANGES IN THE TURKISH DATA PROTECTION LAW ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/significant-changes-in-the-turkish-data-protection-law</link> <description><![CDATA[ On 4 March 2024, the Turkish Parliament passed a new regulation which amends several regulations including the Law on the Protection of Personal Data No. 6698 (" LPPD "). This amendment is welcomed by the market as harmonisation of LPPD with the EU General Data Protection Regulation (" GDPR ") has long been expected. Previously, the LPPD had a stricter approach than the GDPR in various respects, especially on the transfer of data abroad. The stri <a href='https://www.ersoybilgehan.com/en/publication-detail/significant-changes-in-the-turkish-data-protection-law'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/significant-changes-in-the-turkish-data-protection-law</guid> <pubDate>2024-03-11</pubDate> </item><item> <title><![CDATA[ INSURANCE AND REINSURANCE BROKERS REGULATIONS RECEIVE SIGNIFICANT REVISIONS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/insurance-and-reinsurance-brokers-regulations-receive-significant-revisions</link> <description><![CDATA[ Significant revisions have been made in the regulations regarding insurance and reinsurance brokerage. The amendment introduce substantial novelties that impact everyone currently involved or intending to enter the sector. The “Regulation on the Amendment to the Regulation on Insurance and Reinsurance Brokers” (“ Amendment ”) prepared by the Insurance and Private Pension Regulation and Supervision Agency (“ Agency ”) which has been pu <a href='https://www.ersoybilgehan.com/en/publication-detail/insurance-and-reinsurance-brokers-regulations-receive-significant-revisions'>More...</a> ]]> </description> <author><![CDATA[Yeşim ODABAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/insurance-and-reinsurance-brokers-regulations-receive-significant-revisions</guid> <pubDate>2024-01-24</pubDate> </item><item> <title><![CDATA[ THE CEILING FOR STAMP DUTY RAISED BY 58.46% FOR 2024 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-5846-for-2024</link> <description><![CDATA[ The Turkish Revenue Administration has revised the ceiling of stamp duty that became applicable as of 1 January 2024. A new communique, namely the Stamp Duty Code General Communique numbered 68, has raised the ceiling for stamp duty payable on documents and contracts executed and/or relied upon in Turkey by 58.46% to TRY 17,006,516.30 (approximately EUR 520,000 at the exchange rate applicable on the date of this alert). The percentage rates of st <a href='https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-5846-for-2024'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-5846-for-2024</guid> <pubDate>2024-01-02</pubDate> </item><item> <title><![CDATA[ MARINE POLLUTION FINES REVISED FOR 2024 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2024</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 2872 (“ Code ”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. Marine pollution fines are updated annually to adjust for inflation. The tariff below contains the increased (at the rate of 58.46%) fines for the year 2024 that are applicable as of 1 January 2024. I. Tariff 1 <a href='https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2024'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-revised-for-2024</guid> <pubDate>2023-12-28</pubDate> </item><item> <title><![CDATA[ MINIMUM CAPITAL REQUIREMENTS FOR JOINT STOCK & LIMITED LIABILITY COMPANIES REVISED BY PRESIDENTIAL DECREE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/minimum-capital-requirements-for-joint-stock-limited-liability-companies-revised-by-presidential-decree</link> <description><![CDATA[ The minimum capital requirements for incorporating joint stock and limited liability companies are regulated under Articles 332 and 580 of the Turkish Commercial Code (“ TCC ”). Pursuant to the Presidential Decree dated 24.11.2023 and numbered 7887 (the “ Decree ”), effective from 1st January 2024, the minimum capital requirements have been revised as follows: i) the minimum capital requirement of 50,000 Turkish Liras for joint stock comp <a href='https://www.ersoybilgehan.com/en/publication-detail/minimum-capital-requirements-for-joint-stock-limited-liability-companies-revised-by-presidential-decree'>More...</a> ]]> </description> <author><![CDATA[Yeşim ODABAŞ]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/minimum-capital-requirements-for-joint-stock-limited-liability-companies-revised-by-presidential-decree</guid> <pubDate>2023-11-29</pubDate> </item><item> <title><![CDATA[ HARDER THE GOVERNANCE EASIER THE ALLOWANCE: TURKEY INTRODUCES NEW REGULATION ON REGULAR VOYAGES CONDUCTED BY VESSELS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/harder-the-governance-easier-the-allowance-turkey-introduces-new-regulation-on-regular-voyages-conducted-by-vessels</link> <description><![CDATA[ Turkey has recently introduced the "Regulation on Regular Voyages Conducted by Vessels” (“Regulation”), replacing the previous regulation in force since 2010. The Regulation outlines the principles and procedures for establishing and operating regular voyages by vessels transporting vehicles and/or passengers between Turkish coastal facilities and, additionally, between Turkish coastal facilities and those abroad. While some provisions have <a href='https://www.ersoybilgehan.com/en/publication-detail/harder-the-governance-easier-the-allowance-turkey-introduces-new-regulation-on-regular-voyages-conducted-by-vessels'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/harder-the-governance-easier-the-allowance-turkey-introduces-new-regulation-on-regular-voyages-conducted-by-vessels</guid> <pubDate>2023-11-28</pubDate> </item><item> <title><![CDATA[ Historic Judgement from The Constitutional Court: The Provision for Suspended Sentences Is Scrapped ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/historic-judgement-from-the-constitutional-court-the-provision-for-suspended-sentences-is-scrapped</link> <description><![CDATA[ In a landmark decision, Turkey’s Constitutional Court ruled that one of the most frequently used concepts in criminal procedure, namely the Article 231 of the Criminal Procedure Law titled “deferral of the announcement of the verdict”, is unconstitutional. The provision will continue to be applied in proceedings until 1 August 2024, the date on which it will be officially repealed. As per the provision, if the relevant crime stipulates for <a href='https://www.ersoybilgehan.com/en/publication-detail/historic-judgement-from-the-constitutional-court-the-provision-for-suspended-sentences-is-scrapped'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/historic-judgement-from-the-constitutional-court-the-provision-for-suspended-sentences-is-scrapped</guid> <pubDate>2023-09-13</pubDate> </item><item> <title><![CDATA[ Health Ministry to Exercise Strict Scrutiny over Promotional & Informational Activities ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/health-ministry-to-exercise-strict-scrutiny-over-promotional-informational-activities</link> <description><![CDATA[ The Turkish Ministry of Health has recently implemented a new regulation, the “Regulation on Promotional and Informational Activities in Healthcare Services”, to increase transparency in the healthcare sector and to regulate promotional and informational activities. By consolidating existing fragmented legislative provisions and introducing new rules, the regulation aims to ensure greater clarity and consistency in healthcare service practice <a href='https://www.ersoybilgehan.com/en/publication-detail/health-ministry-to-exercise-strict-scrutiny-over-promotional-informational-activities'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/health-ministry-to-exercise-strict-scrutiny-over-promotional-informational-activities</guid> <pubDate>2023-08-07</pubDate> </item><item> <title><![CDATA[ HIGH INFLATION FORCES DATA PROTECTION BOARD TO REVISE THE REGISTRATION THRESHOLD ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/high-inflation-forces-data-protection-board-to-revise-the-registration-threshold</link> <description><![CDATA[ The fluctuating value of the Turkish Lira and very high inflation rates in recent times has brought about the need to constantly update the financial criteria in a number of legal regulations. The Personal Data Protection Board ( “Board”) which is a public entity and has administrative and financial autonomy to carry out duties conferred on it under the personal data protection law, is entitled to make exceptions to the obligation to register <a href='https://www.ersoybilgehan.com/en/publication-detail/high-inflation-forces-data-protection-board-to-revise-the-registration-threshold'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/high-inflation-forces-data-protection-board-to-revise-the-registration-threshold</guid> <pubDate>2023-07-26</pubDate> </item><item> <title><![CDATA[ Turkey Adopts New Economic Measures: Latest Increases in VAT, Consumer Loan Tax, and Fees ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-adopts-new-economic-measures-latest-increases-in-vat-consumer-loan-tax-and-fees</link> <description><![CDATA[ The Turkish Government has embarked on a series of new economic measures to tackle the pressing financial challenges and the nation’s budget deficit, particularly after the devastating earthquake that recently occurred in the eastern region of the country. Accordingly, pursuant to the Presidential Decrees published in Official Gazette on July 7, 2023: All the fixed fees for judicial and execution proceedings have been increased by 50%. The fixe <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-adopts-new-economic-measures-latest-increases-in-vat-consumer-loan-tax-and-fees'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-adopts-new-economic-measures-latest-increases-in-vat-consumer-loan-tax-and-fees</guid> <pubDate>2023-07-19</pubDate> </item><item> <title><![CDATA[ TURKEY IMPLEMENTS NEW REGULATION FOR SHIP REGISTRIES, SCRAPPING OUTDATED LEGISLATION ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-implements-new-regulation-for-ship-registries-scrapping-outdated-legislation</link> <description><![CDATA[ Turkey has recently introduced a new "Regulation on Ship Registries" that replaces the previous legislation which had been in force since 1957. The new Regulation was published in the Official Gazette after being issued with a presidential decree. It sets out the principles and procedures for the establishment and operation of new registries, registration of vessels, as well as the responsibilities of the registry officials. The replacement of th <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-implements-new-regulation-for-ship-registries-scrapping-outdated-legislation'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-implements-new-regulation-for-ship-registries-scrapping-outdated-legislation</guid> <pubDate>2023-05-12</pubDate> </item><item> <title><![CDATA[ Amendments Announced to the Ports Regulation ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/amendments-announced-to-the-ports-regulation</link> <description><![CDATA[ Amendments to the Ports Regulation ( “ Regulation ” ) were published in the Official Gazette and entered into force on 14 April 2023. The amendments were introduced with the general intention of keeping up with technological developments, supporting maritime trade, protecting safety of life and the environment and eliminating practical problems. Some important amendments will be highlighted below. Basic amendments were laid down to the Port S <a href='https://www.ersoybilgehan.com/en/publication-detail/amendments-announced-to-the-ports-regulation'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/amendments-announced-to-the-ports-regulation</guid> <pubDate>2023-04-18</pubDate> </item><item> <title><![CDATA[ AMENDMENTS TO MARINE POLLUTION FINES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/amendments-to-marine-pollution-fines</link> <description><![CDATA[ Marine pollution fines are updated annually, and our client alert published in December 2022 had set out the fines updated for 2023. In a recent interim amendment, the following two further updates were introduced. 1. Fines for “ garbage and sewage discharged by vessels or any other marine vehicles ”, were calculated as per the table below depending on the gross tonnage of the polluting vessel: Up to 1,000 (inclusive) GT TRY 502.48 per GT Bet <a href='https://www.ersoybilgehan.com/en/publication-detail/amendments-to-marine-pollution-fines'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/amendments-to-marine-pollution-fines</guid> <pubDate>2023-04-12</pubDate> </item><item> <title><![CDATA[ TURKEY’S PARTICIPATION TO BOLSTER SAFETY IN HORN OF AFRICA ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkeys-participation-to-bolster-safety-in-horn-of-africa</link> <description><![CDATA[ Turkish Grand National Assembly has recently issued a resolution which will bolster the security for maritime transport in the regions of Horn of Africa and Gulf of Aden. As is common knowledge, these regions are one of the hubs of piracy which adversely affects maritime transportation, especially those using the Suez Canal. The UN Security Council has adopted measures to combat piracy to ensure the safety of these regions throughout the years wi <a href='https://www.ersoybilgehan.com/en/publication-detail/turkeys-participation-to-bolster-safety-in-horn-of-africa'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkeys-participation-to-bolster-safety-in-horn-of-africa</guid> <pubDate>2023-04-06</pubDate> </item><item> <title><![CDATA[ TURKEY FURTHER ENDORSES THE CONVERSION TO TURKISH LIRA BY ISSUING A NEW COMMUNIQUE ON COMPANIES’ FOREIGN FX INCOME ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-further-endorses-the-conversion-to-turkish-lira-by-issuing-a-new-communique-on-companies-foreign-fx-income</link> <description><![CDATA[ A new communique numbered 2023/5, namely the “Communique on Supporting the Conversion of Firms’ Foreign Exchange obtained from abroad into Turkish Lira” ( the “ Communique ” ) has been published by the Central Bank of Republic of Turkey (the “ CBRT ”) in the Official Gazette and went into force. The Communique comes forward as another step in CBRT’s “Monetary Policy and Liraization Strategy for 2023”. The Communiqué regulates <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-further-endorses-the-conversion-to-turkish-lira-by-issuing-a-new-communique-on-companies-foreign-fx-income'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-further-endorses-the-conversion-to-turkish-lira-by-issuing-a-new-communique-on-companies-foreign-fx-income</guid> <pubDate>2023-03-27</pubDate> </item><item> <title><![CDATA[ JUDICIAL MEASURES ANNOUNCED WITHIN THE STATE OF EMERGENCY DUE TO THE EARTHQUAKES IN SOUTH EASTERN OF TURKEY ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/judicial-measures-announced-within-the-state-of-emergency-due-to-the-earthquakes-in-south-eastern-of-turkey</link> <description><![CDATA[ On 6 February 2023, the cities of Gaziantep and Kahramanmaraş were struck by two major earthquakes measuring 7.7 and 7.6 on the richter scale, 9 hours apart which caused widespread destruction in south eastern Turkey. Given the devastation caused, a state of emergency was declared in the affected cities, namely Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kilis, Malatya, Osmaniye and Şanlıurfa for three months starting from 8 February 2023 <a href='https://www.ersoybilgehan.com/en/publication-detail/judicial-measures-announced-within-the-state-of-emergency-due-to-the-earthquakes-in-south-eastern-of-turkey'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/judicial-measures-announced-within-the-state-of-emergency-due-to-the-earthquakes-in-south-eastern-of-turkey</guid> <pubDate>2023-02-15</pubDate> </item><item> <title><![CDATA[ Turkish Environmental Agency Replaces the Istanbul and Kocaeli Municipalities as the New Administration with Delegated Authority to Impose Pollution Fines on Marine Traffic ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-environmental-agency-replaces-the-istanbul-and-kocaeli-municipalities-as-the-new-administration-with-delegated-authority-to-impose-pollution-fines-on-marine-traffic</link> <description><![CDATA[ The Turkish Environmental Code (the “Code” ) stipulates that the Ministry of Environment Urbanization and Climate Change (the “Ministry” ) regularly conducts inspections upon the suspicion of marine pollution and imposes administrative sanctions that have deterrent effects on vessels that pollute the sea. The Ministry can delegate this authority to particular provincial administrations, including the municipalities with environmental insp <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-environmental-agency-replaces-the-istanbul-and-kocaeli-municipalities-as-the-new-administration-with-delegated-authority-to-impose-pollution-fines-on-marine-traffic'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-environmental-agency-replaces-the-istanbul-and-kocaeli-municipalities-as-the-new-administration-with-delegated-authority-to-impose-pollution-fines-on-marine-traffic</guid> <pubDate>2023-02-10</pubDate> </item><item> <title><![CDATA[ THE CEILING FOR STAMP DUTY RAISED BY 122.93% FOR 2023 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-12293-for-2023</link> <description><![CDATA[ The Turkish Revenue Administration has revised the ceiling of the stamp duty that will become applicable as of 1 January 2023. A new communique, namely the Stamp Duty Code General Communique numbered 67, which was published in the Official Gazette on 30 December 2022, has raised the ceiling for stamp duty payable on documents and contracts executed and/or relied upon in Turkey by 122.93 % to TRY 10,732,371.80 (approximately EUR 536,620 at the exc <a href='https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-12293-for-2023'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-12293-for-2023</guid> <pubDate>2023-01-03</pubDate> </item><item> <title><![CDATA[ ENVIRONMENTAL MARINE POLLUTION FINES REVISED FOR 2023 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2023</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 2872 ( “Code” ), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. Different from the major increase imposed in December 2018 , this is merely an adjustment of the fines for inflation that takes place every year. The tariff below contains the increased (at the rate of 122.93%) <a href='https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2023'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2023</guid> <pubDate>2022-12-29</pubDate> </item><item> <title><![CDATA[ Time to be an Everyday Heroine to Save the Earth as the Authorities Issue Regulations to Protect It! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/time-to-be-an-everyday-heroine-to-save-the-earth-as-the-authorities-issue-regulations-to-protect-it</link> <description><![CDATA[ “Only Ten Years Left to Fix Climate Emergency” is the summary of the World Economic Forum Press Release on 20th February 2020. Why should we care about the WEF’s 2020 Global Risks Report? The answer is simple: if we do not act now, it will be inevitable to leave an uninhabitable planet to the next generations. (If “the next generation” sounds alienating, replace it with the name of your own child/grandchild.) It may be easy to silence t <a href='https://www.ersoybilgehan.com/en/publication-detail/time-to-be-an-everyday-heroine-to-save-the-earth-as-the-authorities-issue-regulations-to-protect-it'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/time-to-be-an-everyday-heroine-to-save-the-earth-as-the-authorities-issue-regulations-to-protect-it</guid> <pubDate>2022-12-09</pubDate> </item><item> <title><![CDATA[ THRESHOLDS DOUBLED FOR MANDATORY INDEPENDENT AUDITS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/thresholds-doubled-for-mandatory-independent-audits</link> <description><![CDATA[ Companies subject to mandatory independent audit are determined by the President as per Article 397/4 of the Turkish Commercial Code numbered 6102. Recently, the Decision on the Determination of Companies Subject to Independent Audit (“ Decision ”) was published in the Official Gazette dated 30 November 2022, on the thresholds and the list of the companies subject to independent audit. The Decision revised the thresholds and the list of compa <a href='https://www.ersoybilgehan.com/en/publication-detail/thresholds-doubled-for-mandatory-independent-audits'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/thresholds-doubled-for-mandatory-independent-audits</guid> <pubDate>2022-12-09</pubDate> </item><item> <title><![CDATA[ NEW INCENTIVE FOR TURKISH SHIP OWNERS: TURKEY TO PROMOTE THE ESTABLISHMENT OF NEW LINES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-incentive-for-turkish-ship-owners-turkey-to-promote-the-establishment-of-new-lines</link> <description><![CDATA[ The Regulation on Supporting the Transfer of Cargo Carried by Road to Carriage By Sea (the “Regulation” ) entered into force as of 9 August 2022. The Regulation aims to increase the volume of cargo carried by sea in combined transportation, increase the capacity of maritime transportation between Turkish ports and the ports of other countries and decrease the volume of traffic at the highway border check points by lending support to the Turki <a href='https://www.ersoybilgehan.com/en/publication-detail/new-incentive-for-turkish-ship-owners-turkey-to-promote-the-establishment-of-new-lines'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-incentive-for-turkish-ship-owners-turkey-to-promote-the-establishment-of-new-lines</guid> <pubDate>2022-08-16</pubDate> </item><item> <title><![CDATA[ PILOTAGE AND TOWAGE SERVICE PROVIDERS TO PAY MORE TO THE STATE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/pilotage-and-towage-service-providers-to-pay-more-to-the-state</link> <description><![CDATA[ A new Presidential Decree, which was published in the Official Gazette on 28 June 2022, has raised the percentage of the state share to be received from the monthly gross revenue of the public and private pilotage and towage service providers. The below table indicates the raised percentage of the state share, which was previously 10%, in the jurisdictions of various harbour master’s offices. Harbour Master’s Office Percentage of the State Sh <a href='https://www.ersoybilgehan.com/en/publication-detail/pilotage-and-towage-service-providers-to-pay-more-to-the-state'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/pilotage-and-towage-service-providers-to-pay-more-to-the-state</guid> <pubDate>2022-07-04</pubDate> </item><item> <title><![CDATA[ Turkey to Tackle Femicides: More Deterrent Sentences for Crimes Committed Against Women ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-to-tackle-femicides-more-deterrent-sentences-for-crimes-committed-against-women</link> <description><![CDATA[ The Turkish government has successfully amended the Penal Code and the Criminal Procedure Code with a new law passed on 12 May 2022 (“ the New Law ”). With the amendments, perpetrators committing certain crimes will be dished out harsher sentences if the said crime is committed against a woman. These crimes : (i) Murder with intent (Article 82) (ii) Wounding with intent (Article 86) (iii) Torture (Article 94) (iv) Torment (Article 96) (v) Thr <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-to-tackle-femicides-more-deterrent-sentences-for-crimes-committed-against-women'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-to-tackle-femicides-more-deterrent-sentences-for-crimes-committed-against-women</guid> <pubDate>2022-06-24</pubDate> </item><item> <title><![CDATA[ GRANTING POWER OF SALE TO THE DEBTORS: A MOST WELCOME DEVELOPMENT ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/granting-power-of-sale-to-the-debtors-a-most-welcome-development</link> <description><![CDATA[ Pursuant to the Enforcement and Bankruptcy Code No. 2004 (“ Code ”), the sale of the debtor's attached assets, is carried out by the bailiff’s office via an auction, upon the request of the debtor or creditor. Provided that the creditor or the debtor requests the sale of the attached assets within 1 year from the date of the attachment, the bailiff’s office finalises the sale within 2 months in terms of movable assets and within 3 months <a href='https://www.ersoybilgehan.com/en/publication-detail/granting-power-of-sale-to-the-debtors-a-most-welcome-development'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/granting-power-of-sale-to-the-debtors-a-most-welcome-development</guid> <pubDate>2022-06-21</pubDate> </item><item> <title><![CDATA[ NEW & POTENTIALLY HARSHER FINES FOR MARINE POLLUTION AND FAILURE TO COMPLY WITH IMO 2022 SULPHUR LIMITS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-potentially-harsher-fines-for-marine-pollution-and-failure-to-comply-with-imo-2022-sulphur-limits</link> <description><![CDATA[ Turkey has amended its Environmental Code with a new law published in the Official Gazette on 15 June 2022. The amendments introduces stricter measures for marine pollution and also brings long awaited clarity to penalties applicable in case of non-compliance with IMO 2020 sulphur limits. The amendments also provide for harsher fines for pollution inside Specially Protected Areas and new fines applicable to terminals and shore facilities that fai <a href='https://www.ersoybilgehan.com/en/publication-detail/new-potentially-harsher-fines-for-marine-pollution-and-failure-to-comply-with-imo-2022-sulphur-limits'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-potentially-harsher-fines-for-marine-pollution-and-failure-to-comply-with-imo-2022-sulphur-limits</guid> <pubDate>2022-06-15</pubDate> </item><item> <title><![CDATA[ EMPOWER YOUR BUSINESS WITH GREEN LOGISTICS! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/empower-your-business-with-green-logistics</link> <description><![CDATA[ Red flags of the environmental crisis point to the urgent need for global action against multilateral climate change. In return, the 2016 Paris Agreement, which is the first global and legally binding agreement for climate crisis, calls on all nations to play an active role in the process of limiting global warming. This call refers to our responsibility to protect the earth as well as a global requirement for socio-political and commercial susta <a href='https://www.ersoybilgehan.com/en/publication-detail/empower-your-business-with-green-logistics'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/empower-your-business-with-green-logistics</guid> <pubDate>2022-06-06</pubDate> </item><item> <title><![CDATA[ UN CONVENTION ON INTERNATIONAL SETTLEMENT AGREEMENTS RESULTING FROM MEDIATION ENTERED INTO FORCE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/un-convention-on-international-settlement-agreements-resulting-from-mediation-entered-into-force</link> <description><![CDATA[ The United Nations Convention on International Settlement Agreements Resulting from Mediation (the " Singapore Convention ") entered into force as of 11 April 2022 by the Presidential Decree published in the Official Gazette dated 25 February 2022. The Singapore Convention aims to enable parties to enforce settlement agreements resulting from mediation in signatory states without the need for court proceedings. Scope of the Singapore Convention S <a href='https://www.ersoybilgehan.com/en/publication-detail/un-convention-on-international-settlement-agreements-resulting-from-mediation-entered-into-force'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/un-convention-on-international-settlement-agreements-resulting-from-mediation-entered-into-force</guid> <pubDate>2022-05-23</pubDate> </item><item> <title><![CDATA[ Go Green: Turkey to Promote Production of Environmentally Friendly Vessels with Brand New Incentives ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/go-green-turkey-to-promote-production-of-environmentally-friendly-vessels-with-brand-new-incentives</link> <description><![CDATA[ Turkish Republic has amended the existing provisions regarding monetary incentives that are provided to shipowners building new vessels to replace those that are old and to be scrapped. The new provisions, published in the Executive Order dated 7 April 2022, brings forward incentives that concern vessels which will use, inter alia, LNG and/or hybrid systems as their source of power. Accordingly, the amount of the incentive can be as high as 2.5 t <a href='https://www.ersoybilgehan.com/en/publication-detail/go-green-turkey-to-promote-production-of-environmentally-friendly-vessels-with-brand-new-incentives'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/go-green-turkey-to-promote-production-of-environmentally-friendly-vessels-with-brand-new-incentives</guid> <pubDate>2022-04-28</pubDate> </item><item> <title><![CDATA[ A CHANGE OF HEART FROM THE COURT OF APPEAL ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/a-change-of-heart-from-the-court-of-appeal</link> <description><![CDATA[ As a matter of Turkish Law, an occupational accident is defined as an incident at a workplace which results in a worker becoming physically or mentally incapacitated. It is well-established by precedents of the Court of Appeal, that the demise of a worker from a heart attack at the place of work is considered to be an occupational accident. This extends to the death of seafarers from a heart attack on board the vessels they serve. As a result, th <a href='https://www.ersoybilgehan.com/en/publication-detail/a-change-of-heart-from-the-court-of-appeal'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/a-change-of-heart-from-the-court-of-appeal</guid> <pubDate>2022-04-22</pubDate> </item><item> <title><![CDATA[ TURKEY’S ACCESSION TO THE 1988 PROTOCOL ALMOST COMPLETE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkeys-accession-to-the-1988-protocol-almost-complete</link> <description><![CDATA[ Turkey has taken a further step towards finalizing its accession to the Protocol of 1988 relating to the International Convention for the Safety of Life at Sea 1947 (“1988 Protocol”). The 1988 Protocol was introduced by the International Conference on the Harmonized System of Survey and Certification and has brought important amendments to SOLAS by harmonizing the rules on the survey and certification systems under SOLAS, the International Co <a href='https://www.ersoybilgehan.com/en/publication-detail/turkeys-accession-to-the-1988-protocol-almost-complete'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkeys-accession-to-the-1988-protocol-almost-complete</guid> <pubDate>2022-03-16</pubDate> </item><item> <title><![CDATA[ SWIFT AMENDMENTS TO THE E-MONEY REGULATIONS: MASSIVE HIKES IN REQUIREMENTS FOR INSTITUTIONS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/swift-amendments-to-the-e-money-regulations-massive-hikes-in-requirements-for-institutions</link> <description><![CDATA[ The Central Bank of Republic of Turkey (“ CBRT ”) has decided to increase the minimum requirements with regard to the own funds 1 of institutions set out in the E-Money Regulation 2 (“ Regulation ”), which was published in the Official Gazette in December 2021. This comes as no surprise, as Turkey’s national currency, the Lira, took a huge hit in recent weeks. The Lira has lost around 40 per cent of its value since the start of the year <a href='https://www.ersoybilgehan.com/en/publication-detail/swift-amendments-to-the-e-money-regulations-massive-hikes-in-requirements-for-institutions'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/swift-amendments-to-the-e-money-regulations-massive-hikes-in-requirements-for-institutions</guid> <pubDate>2022-02-22</pubDate> </item><item> <title><![CDATA[ Your Debtor’s Assets Are Just a Click Away! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/your-debtors-assets-are-just-a-click-away</link> <description><![CDATA[ The Regulation on Investigating Asset, Right and Receivable through the National Judiciary Informatics System (the “ Regulation ”) has been published in the Official Gazette. The Regulation sets out the details of the amendments introduced to the Enforcement and Bankruptcy Code, which enables a creditor pursuing a debtor through execution proceedings, to investigate and ascertain the debtor’s assets, rights and receivables with ease via the <a href='https://www.ersoybilgehan.com/en/publication-detail/your-debtors-assets-are-just-a-click-away'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/your-debtors-assets-are-just-a-click-away</guid> <pubDate>2022-02-10</pubDate> </item><item> <title><![CDATA[ BANKING BY VIDEOTELEPHONY? NEW REGULATION FOR IDENTIFYING NEW CLIENTS OF FINANCIAL INSTITUTIONS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/banking-by-videotelephony-new-regulation-for-identifying-new-clients-of-financial-institutions</link> <description><![CDATA[ With the development of adequate technology and the acceleration of distance engagement in various sectors due to the ongoing COVID-19 pandemic, Turkey has been implementing new laws to set the legal infrastructure for actions carried out in distance. In this regard, new regulations on offering banking and financial services remotely via communications devices, such as mobile phones, are introduced by the Banking Regulation and Supervision Agency <a href='https://www.ersoybilgehan.com/en/publication-detail/banking-by-videotelephony-new-regulation-for-identifying-new-clients-of-financial-institutions'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/banking-by-videotelephony-new-regulation-for-identifying-new-clients-of-financial-institutions</guid> <pubDate>2022-01-27</pubDate> </item><item> <title><![CDATA[ Civil Aviation Fines Raised a Striking 36.20% in 2022 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/civil-aviation-fines-raised-a-striking-3620-in-2022</link> <description><![CDATA[ The recent volatility in the FX rates and inflation lead to considerable raises in almost all sources of public revenue. The ripples also reached the aviation industry as anticipated by the market. On 31 December 2021, two new communiques were published in the Official Gazette, raising the administrative fines to be levied in 2022 by 36.20%. The administrative fines were last revised two years ago and saw a 22.85% increase. Under the current tari <a href='https://www.ersoybilgehan.com/en/publication-detail/civil-aviation-fines-raised-a-striking-3620-in-2022'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/civil-aviation-fines-raised-a-striking-3620-in-2022</guid> <pubDate>2022-01-21</pubDate> </item><item> <title><![CDATA[ Long Awaited Regulations Introduced for E-Money and Payment Services ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/long-awaited-regulations-introduced-for-e-money-and-payment-services</link> <description><![CDATA[ The Regulation on Payment Services, Electronic Money Issuance and Payment Service Providers ( “Regulation” ) has been published in the Official Gazette by the Central Bank of the Republic of Turkey ( “Central Bank” ). Aiming to introduce provisions in line with Payment Services Directive 2 (PSD2) 1 of the European Commission, the Regulation brings in thorough changes and new requirements for electronic money issuers and service providers, <a href='https://www.ersoybilgehan.com/en/publication-detail/long-awaited-regulations-introduced-for-e-money-and-payment-services'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/long-awaited-regulations-introduced-for-e-money-and-payment-services</guid> <pubDate>2022-01-17</pubDate> </item><item> <title><![CDATA[ Ordeal of the Crew Members: Record Number of Bunker Smuggling Cases in Turkey ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ordeal-of-the-crew-members-record-number-of-bunker-smuggling-cases-in-turkey</link> <description><![CDATA[ ORDEAL OF THE CREW MEMBERS: RECORD NUMBER OF BUNKER SMUGGLING CASES IN TURKEY Overview In a bid to eradicate incidents of bunker smuggling, the Turkish Government is taking the strictest anti-smuggling measures pursuant to which the anti-smuggling units of the police force and customs officers often conduct cold-call inspections on vessels calling at Turkish ports. A Presidential Circular on the topic, published recently in the Official Gazette, <a href='https://www.ersoybilgehan.com/en/publication-detail/ordeal-of-the-crew-members-record-number-of-bunker-smuggling-cases-in-turkey'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ordeal-of-the-crew-members-record-number-of-bunker-smuggling-cases-in-turkey</guid> <pubDate>2022-01-10</pubDate> </item><item> <title><![CDATA[ ErsoyBilgehan announces four new promotions in 2022! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-announces-four-new-promotions-in-2022</link> <description><![CDATA[ ErsoyBilgehan is delighted to announce the promotion of M. Raci Alper and Emre Ersoy to partnership, Burçe Çangır to legal director and Hazal Örnekol to senior associate across its core practices including shipping, commercial dispute resolution and finance. We would like to thank each and every one of the ErsoyBilgehan team for their perseverance and dedication during these trying last few years. <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-announces-four-new-promotions-in-2022'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-announces-four-new-promotions-in-2022</guid> <pubDate>2022-01-06</pubDate> </item><item> <title><![CDATA[ ENVIRONMENTAL MARINE POLLUTION FINES REVISED FOR 2022 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2022</link> <description><![CDATA[ MARINE POLLUTION FINES REVISED FOR 2022 Pursuant to Article 20 of the Turkish Environmental Code no. 2872 (the “Code”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. Different from the major increase imposed in December 2018 , this is merely an adjustment of the fines for inflation that takes place every year. The tariff below conta <a href='https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2022'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2022</guid> <pubDate>2021-12-31</pubDate> </item><item> <title><![CDATA[ The Ceiling for Stamp Duty Raised by 36.20% for 2022 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-3620-for-2022</link> <description><![CDATA[ The Turkish Revenue Administration has revised the ceiling of the stamp duty that will become applicable as of 1 January 2022. A new communique, namely the Stamp Duty Code General Communique numbered 66, which was published in the Official Gazette on 21 December 2021, has raised the ceiling for stamp duty payable on documents and contracts executed and/or relied upon in Turkey by 36.20% to TRY 4,814,234.00 (approximately EUR 350,000 at the exchan <a href='https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-3620-for-2022'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-3620-for-2022</guid> <pubDate>2021-12-23</pubDate> </item><item> <title><![CDATA[ Rules for Carriage of Dangerous Goods by Sea Have Been Amended ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/rules-for-carriage-of-dangerous-goods-by-sea-have-been-amended</link> <description><![CDATA[ A new regulation amending the Regulation on Carriage of Dangerous Goods by Sea has been published in the Turkish Official Gazette (the “ New Regulation ”). The New Regulation does not introduce material changes but elaborates on the responsibilities and obligations of the parties that are involved in dangerous cargo operations. Some of the main responsibilities and obligations are as follows: A. Responsibilities of the Carriers To have the ma <a href='https://www.ersoybilgehan.com/en/publication-detail/rules-for-carriage-of-dangerous-goods-by-sea-have-been-amended'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/rules-for-carriage-of-dangerous-goods-by-sea-have-been-amended</guid> <pubDate>2021-12-20</pubDate> </item><item> <title><![CDATA[ Parliament Introduces Wide Sweeping Amendments to the Enforcement and Bankruptcy Code ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-introduces-wide-sweeping-amendments-to-the-enforcement-and-bankruptcy-code</link> <description><![CDATA[ A new legislation titled The Law Amending the Enforcement and Bankruptcy Code and Certain Laws (“ New Amendment ”) has been published in the Turkish Official Gazette on 30 November 2021 and entered into force on the same day. The New Amendment inter alia introduces an extensive revision of the Enforcement and Bankruptcy Code (“ Code ”) in terms of attachment and sale procedures as well as widening the authority of the enforcement courts. <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-introduces-wide-sweeping-amendments-to-the-enforcement-and-bankruptcy-code'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-introduces-wide-sweeping-amendments-to-the-enforcement-and-bankruptcy-code</guid> <pubDate>2021-12-10</pubDate> </item><item> <title><![CDATA[ Turkey to Boost Islamic Finance with Advanced Customer Protection ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-to-boost-islamic-finance-with-advanced-customer-protection</link> <description><![CDATA[ Two new regulations 1 were published in the Official Gazette on 30 November 2021, with certain provisions entering into force on 01 January 2022. Both the Amendment and the Communique offer a more in-depth regulation for Islamic Finance departments of Turkish banks. Additionally, both introduce some major changes to the transparency requirements of banks, with the aim of achieving better customer protection. The Amendment sets forth more rigid ru <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-to-boost-islamic-finance-with-advanced-customer-protection'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-to-boost-islamic-finance-with-advanced-customer-protection</guid> <pubDate>2021-12-10</pubDate> </item><item> <title><![CDATA[ Specialised Banking and Finance Courts are to be Created to Hear Banking and Finance Disputes ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/specialised-banking-and-finance-courts-are-to-be-created-to-hear-banking-and-finance-disputes</link> <description><![CDATA[ The High Council of Judges and Prosecutors (the “Council”) have issued a bundle of decrees on 25 November 2021, forming several specialised criminal and commercial courts in a variety of subjects. One of those is specialised finance courts branched under the Turkish commercial courts of first instance. Under the relevant decree, the Council recognizes the increased volume and complexity of finance disputes coming before the Turkish courts and <a href='https://www.ersoybilgehan.com/en/publication-detail/specialised-banking-and-finance-courts-are-to-be-created-to-hear-banking-and-finance-disputes'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/specialised-banking-and-finance-courts-are-to-be-created-to-hear-banking-and-finance-disputes</guid> <pubDate>2021-12-06</pubDate> </item><item> <title><![CDATA[ COVID-19 INSIGHTS: OUR LEGAL GUIDANCE FOR BUSINESSES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/covid-19-insights-our-legal-guidance-for-businesses</link> <description><![CDATA[ The novel coronavirus (Covid-19 disease) is having a deep impact on commercial life and gives rise to significant risks and challenges for businesses from all sectors. Businesses must act promptly and implement effective measures to mitigate these risks and challenges. Our “Covid-19 Insights” is designed to keep our clients abreast of the legal developments as regards Covid-19 and ease their decision-making processes. In this page, you will f <a href='https://www.ersoybilgehan.com/en/publication-detail/covid-19-insights-our-legal-guidance-for-businesses'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/covid-19-insights-our-legal-guidance-for-businesses</guid> <pubDate>2021-07-05</pubDate> </item><item> <title><![CDATA[ TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE HAVE NOW EXPIRED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-have-now-expired</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles, the terms for the prohibition on termination of employment contracts and mandatory unpaid leave were extended until 30 June 2021. As no further extension has been introduced by the President, the terms of termination pr <a href='https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-have-now-expired'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-have-now-expired</guid> <pubDate>2021-07-05</pubDate> </item><item> <title><![CDATA[ New Incentive to Scrap Old Vessels: the Turkish Ministry takes steps to rejuvenate the Turkish fleet ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-incentive-to-scrap-old-vessels-the-turkish-ministry-takes-steps-to-rejuvenate-the-turkish-fleet</link> <description><![CDATA[ The Turkish Ministry of Transport and Infrastructure (the “ Ministry ”) has introduced a new regulation (the “ Regulation ”), which entered into force on 28 April 2021 the purpose of which is to rejuvenate the Turkish commercial fleet by providing an incentive to shipowners to build new vessels to replace those that are old and that are to be scrapped. The Ministry is also aiming to support an environmentally sustainable and cleaner shipp <a href='https://www.ersoybilgehan.com/en/publication-detail/new-incentive-to-scrap-old-vessels-the-turkish-ministry-takes-steps-to-rejuvenate-the-turkish-fleet'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-incentive-to-scrap-old-vessels-the-turkish-ministry-takes-steps-to-rejuvenate-the-turkish-fleet</guid> <pubDate>2021-06-21</pubDate> </item><item> <title><![CDATA[ TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again</link> <description><![CDATA[ <a href='https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again</guid> <pubDate>2021-05-03</pubDate> </item><item> <title><![CDATA[ DEADLINES FOR THE SUBMISSION OF CHEQUES AND THE ENFORCEMENT PROCEEDINGS OF THE BILLS OF EXCHANGE HAVE BEEN SUSPENDED! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-submission-of-cheques-and-the-enforcement-proceedings-of-the-bills-of-exchange-have-been-suspended</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The Presidential Cabinet has implemented nation-wide curfew measures starting from 19.00 on Thursday, April 29, 2021 until 05.00 on Monday, May 17, 2021 in order to curb the spread of the Covid-19 and the sole measure with respect to the judiciary system was the postpo <a href='https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-submission-of-cheques-and-the-enforcement-proceedings-of-the-bills-of-exchange-have-been-suspended'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-submission-of-cheques-and-the-enforcement-proceedings-of-the-bills-of-exchange-have-been-suspended</guid> <pubDate>2021-04-30</pubDate> </item><item> <title><![CDATA[ COURT HEARINGS POSTPONED AS PER NEW MEASURES AGAINST COVID-19 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/court-hearings-postponed-as-per-new-measures-against-covid-19</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The Presidential Cabinet assembled on 26 April 2021 and decided to implement nation-wide curfew measures starting from 19.00 on Thursday, April 29, 2021 until 05.00 on Monday, May 17, 2021. In this respect, the General Secretariat of the Council of Judges and Prosecuto <a href='https://www.ersoybilgehan.com/en/publication-detail/court-hearings-postponed-as-per-new-measures-against-covid-19'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/court-hearings-postponed-as-per-new-measures-against-covid-19</guid> <pubDate>2021-04-28</pubDate> </item><item> <title><![CDATA[ PERIOD OF SHORT-TERM WORKING SUBSIDY EXTENDED UNTIL 30 JUNE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/period-of-short-term-working-subsidy-extended-until-30-june</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. Pursuant to the Presidential Decree numbered 3910 published in the Official Gazette dated 23 April 2021, the period of short-term working subsidy has been extended until 30 June 2021 for the same employees under the same conditions in workplaces that applied for short- <a href='https://www.ersoybilgehan.com/en/publication-detail/period-of-short-term-working-subsidy-extended-until-30-june'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/period-of-short-term-working-subsidy-extended-until-30-june</guid> <pubDate>2021-04-28</pubDate> </item><item> <title><![CDATA[ NEW COMMUNIQUE INTRODUCED ON NOTIFICATION OBLIGATIONS FOR TRANSFER OF BEARER SHARES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-communique-introduced-on-notification-obligations-for-transfer-of-bearer-shares</link> <description><![CDATA[ As our readers may recall from our previous article dated 21 January 2021 , several articles under the Turkish Commercial Code no. 6102 were amended to provide for a notification obligation for bearer share transfers. Accordingly, the owners of bearer share certificates were obliged to apply to the joint-stock companies in which they hold shares until 31/12/2021 to enable the notification of their bearer share certificates to the Central Securiti <a href='https://www.ersoybilgehan.com/en/publication-detail/new-communique-introduced-on-notification-obligations-for-transfer-of-bearer-shares'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-communique-introduced-on-notification-obligations-for-transfer-of-bearer-shares</guid> <pubDate>2021-04-13</pubDate> </item><item> <title><![CDATA[ COVID-19 ACCELERATES INTRODUCTION OF A NEW “REMOTE WORKING REGULATION” ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/covid-19-accelerates-introduction-of-a-new-remote-working-regulation</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The Regulation on Remote Working (“ Regulation ”) prepared by the Ministry of Family, Labour and Social Services, entered into force upon its publication in the Official Gazette No. 31419 and dated 10 March 2021. Amidst the increasing number of remote working arran <a href='https://www.ersoybilgehan.com/en/publication-detail/covid-19-accelerates-introduction-of-a-new-remote-working-regulation'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/covid-19-accelerates-introduction-of-a-new-remote-working-regulation</guid> <pubDate>2021-03-29</pubDate> </item><item> <title><![CDATA[ THE COMMUNIQUÉ ON DE MINIMIS REGULATION IN COMPETITION LAW ENTERED INTO FORCE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-communique-on-de-minimis-regulation-in-competition-law-entered-into-force</link> <description><![CDATA[ As our readers may recall from our previous article on the captioned matter, a regulation similar to the “de minimis” (negligibility) principle available under European Union law was accepted with the amendment to article 41 of the Law on the Protection of Competition numbered 4054. The amendment provided that the Competition Authority may refrain from initiating an investigation for agreements, concerted practices, and decisions of associati <a href='https://www.ersoybilgehan.com/en/publication-detail/the-communique-on-de-minimis-regulation-in-competition-law-entered-into-force'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-communique-on-de-minimis-regulation-in-competition-law-entered-into-force</guid> <pubDate>2021-03-19</pubDate> </item><item> <title><![CDATA[ TERM FOR REGISTRATION WITH DATA CONTROLLERS REGISTRY EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/term-for-registration-with-data-controllers-registry-extended-yet-again</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers may recall from our earlier articles , one of the main obligations of the data controllers under the Personal Data Protection Law is to register with VERBIS (i.e. the data controllers’ registry), non-compliance of which may lead to administrative fines <a href='https://www.ersoybilgehan.com/en/publication-detail/term-for-registration-with-data-controllers-registry-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/term-for-registration-with-data-controllers-registry-extended-yet-again</guid> <pubDate>2021-03-15</pubDate> </item><item> <title><![CDATA[ THE TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles , the terms for the prohibition on termination of employment contracts and mandatory unpaid leave were extended for a period of two months until 17 March 2021. The Presidential Decree numbered 3592 published in the Offic <a href='https://www.ersoybilgehan.com/en/publication-detail/the-terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again</guid> <pubDate>2021-03-12</pubDate> </item><item> <title><![CDATA[ ERSOYBILGEHAN CONTRIBUTES TO THE “GETTING TO KNOW THE UBO” GUIDE PUBLISHED BY IR GLOBAL ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-getting-to-know-the-ubo-guide-published-by-ir-global</link> <description><![CDATA[ Our firm has contributed to “Getting to Know the UBO &amp; Selecting the Right Advisor” guide published by IR Global, the multi-disciplinary professional services network. The publication aims to present expert opinions on the Ultimate Beneficial Owner (UBO) processes in different jurisdictions. Our firm provided an overview of the regulation and practices related to UBO in Turkey and the obligations arising therefrom, the Authorities’ powe <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-getting-to-know-the-ubo-guide-published-by-ir-global'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-getting-to-know-the-ubo-guide-published-by-ir-global</guid> <pubDate>2021-03-05</pubDate> </item><item> <title><![CDATA[ PERIOD OF SHORT-TERM WORKING SUBSIDY EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/period-of-short-term-working-subsidy-extended-yet-again</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles, the terms of short-term working subsidy and applications thereof were extended. Pursuant to the Presidential Decree numbered 3556 published in the Official Gazette dated 19 February 2021, the period of short-term workin <a href='https://www.ersoybilgehan.com/en/publication-detail/period-of-short-term-working-subsidy-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/period-of-short-term-working-subsidy-extended-yet-again</guid> <pubDate>2021-02-23</pubDate> </item><item> <title><![CDATA[ NEW REGULATIONS INTRODUCED ON BEARER SHARE CERTIFICATES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-regulations-introduced-on-bearer-share-certificates</link> <description><![CDATA[ Several articles of the Turkish Commercial Code No. 6102 (“ TCC ”) were amended with the Law No. 7262 published in the Official Gazette dated 31 December 2020. The amendments (1) authorize the Ministry of Trade to oblige companies to hold their corporate books (i.e. share ledger, resolution books of the board and the shareholders' meetings) electronically and (2) bring new regulations for bearer share certificates. The former entered into for <a href='https://www.ersoybilgehan.com/en/publication-detail/new-regulations-introduced-on-bearer-share-certificates'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-regulations-introduced-on-bearer-share-certificates</guid> <pubDate>2021-01-21</pubDate> </item><item> <title><![CDATA[ The Regulation Relating to Shipyards, Boatyards and Dry Dock Areas Has Been Amended ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-regulation-relating-to-shipyards-boatyards-and-dry-dock-areas-has-been-amended</link> <description><![CDATA[ The Regulation Relating to Shipyards, Boatyards and Dry Dock Areas (“the Regulation”) has been amended through a new Regulation (the “New Regulation”) which was published in the Official Gazette dated 25 December 2020 and entered into force on the same day. The New Regulation amended certain procedures concerning the operation permits that the mentioned facilities have to obtain, the validity period of the permits and the transfer of the <a href='https://www.ersoybilgehan.com/en/publication-detail/the-regulation-relating-to-shipyards-boatyards-and-dry-dock-areas-has-been-amended'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-regulation-relating-to-shipyards-boatyards-and-dry-dock-areas-has-been-amended</guid> <pubDate>2021-01-14</pubDate> </item><item> <title><![CDATA[ RESTRICTIONS HAVE ENDED: COMPANIES CAN NOW FREELY DISTRIBUTE DIVIDENDS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/restrictions-have-ended-companies-can-now-freely-distribute-dividends</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. We had previously announced that the Temporary Article 13 inserted into the Turkish Commercial Code set out restrictions on companies’ distribution of their net profits, that exceptions to these restrictions were published , and that the term for the restrictions on the <a href='https://www.ersoybilgehan.com/en/publication-detail/restrictions-have-ended-companies-can-now-freely-distribute-dividends'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/restrictions-have-ended-companies-can-now-freely-distribute-dividends</guid> <pubDate>2021-01-06</pubDate> </item><item> <title><![CDATA[ THE CEILING FOR STAMP DUTY RAISED BY 9.11% FOR 2021 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-911-for-2021</link> <description><![CDATA[ The Turkish Revenue Administration has issued the revisions to the stamp duty amounts and the ceiling that will become applicable as of 1 January 2021. Under a new communique, the Stamp Duty Code General Communique numbered 65, which was published in the Official Gazette on 30 December 2020, the new ceiling for stamp duty has been increased 9.11% from the previous year to TRY 3,534,679.90 (approximately EUR 390,500 on the date of this alert). The <a href='https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-911-for-2021'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-for-stamp-duty-raised-by-911-for-2021</guid> <pubDate>2020-12-31</pubDate> </item><item> <title><![CDATA[ TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles , the terms for the prohibition on termination of employment contracts and mandatory unpaid leave were extended for a period of two months until 17 May 2021. The Presidential Decree numbered 3930 published in the Officia <a href='https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-yet-again</guid> <pubDate>2020-12-30</pubDate> </item><item> <title><![CDATA[ ENVIRONMENTAL MARINE POLLUTION FINES REVISED FOR 2021 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2021</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 2872 (the “ Code ”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. Different from the major increase imposed in December 2018 , this is a mere adjustment of the fines for inflation that takes place every year. The tariff below contains the updated rates for the year 2021 t <a href='https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2021'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/environmental-marine-pollution-fines-revised-for-2021</guid> <pubDate>2020-12-28</pubDate> </item><item> <title><![CDATA[ SHORT-TERM WORKING AND APPLICATIONS THEREOF ARE EXTENDED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/short-term-working-and-applications-thereof-are-extended</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles, the period of short-term working was extended for employers who already benefit from the subsidy and the government extended the term for benefiting from softened application requirements for short-term working until 31 <a href='https://www.ersoybilgehan.com/en/publication-detail/short-term-working-and-applications-thereof-are-extended'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/short-term-working-and-applications-thereof-are-extended</guid> <pubDate>2020-12-24</pubDate> </item><item> <title><![CDATA[ 2021 CERTIFICATION OF COMPANY BOOKS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/2021-certification-of-company-books</link> <description><![CDATA[ Similar to previous years, as we approach the year-end, we would like to draw your attention to the requirements for the annual certification of company commercial books. In accordance with requirements of the Tax Procedure Law and Turkish Code of Commerce, the commercial companies established in Turkey must keep the following books: General Journal, General Ledger, Inventory Book, Share Ledger, Minutes Book for Resolutions of Board of Directors, <a href='https://www.ersoybilgehan.com/en/publication-detail/2021-certification-of-company-books'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/2021-certification-of-company-books</guid> <pubDate>2020-12-23</pubDate> </item><item> <title><![CDATA[ New Framework on Crew Changes During COVID-19 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-framework-on-crew-changes-during-covid-19</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. Government Issues new Framework on Crew Changes During COVID-19 in compliance with the IMO’s circular letter No. 4204/Add.1 Due to the dramatic increase in the nationwide COVID-19 cases over the last few months, the Turkish Government has imposed new mandatory lockdo <a href='https://www.ersoybilgehan.com/en/publication-detail/new-framework-on-crew-changes-during-covid-19'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-framework-on-crew-changes-during-covid-19</guid> <pubDate>2020-12-08</pubDate> </item><item> <title><![CDATA[ DEADLINES FOR THE CENTRALIZED COMMERCIAL MESSAGE MANAGEMENT SYSTEM EXTENDED AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-extended-again</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles, all natural and legal entities that deliver electronic commercial messages were obliged to register with the Centralized Commercial Message Management System (“ IYS ”) and the deadline for registering the opt-in consent <a href='https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-extended-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-extended-again</guid> <pubDate>2020-12-02</pubDate> </item><item> <title><![CDATA[ GOVERNMENT ALLOWS NEW COVID-19 RELATED APPLICATIONS FOR SHORT-TERM WORKING SUBSIDY ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/government-allows-new-covid-19-related-applications-for-short-term-working-subsidy</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles , the government had introduced certain time-limited measures in an effort to alleviate the effects Covid-19 had on employers. One of these measures was Covid-19 related short-term working subsidy applications, where the <a href='https://www.ersoybilgehan.com/en/publication-detail/government-allows-new-covid-19-related-applications-for-short-term-working-subsidy'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/government-allows-new-covid-19-related-applications-for-short-term-working-subsidy</guid> <pubDate>2020-12-02</pubDate> </item><item> <title><![CDATA[ TERMS OF TERMINATION PROHIBITION AND SHORT-TERM WORKING EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-short-term-working-extended-yet-again</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles , the government had introduced certain time-limited measures in an effort to alleviate the effects Covid-19 had on employers as well as employees. We have also shared with our readers that the president’s authority to <a href='https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-short-term-working-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-short-term-working-extended-yet-again</guid> <pubDate>2020-10-28</pubDate> </item><item> <title><![CDATA[ WWL: Hospitality 2020 Ranking ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/wwl-hospitality-2020-ranking</link> <description><![CDATA[ We are proud to announce that Senior Associate M. Raci Alper has been ranked as the only recommended lawyer in Turkey by the WWL: Hospitality 2020 global guide. WWL: Hospitality 2020 is published by Who’s Who Legal based on the opinions of law firm clients and hospitality experts from around the world. The research has revealed 215 lawyers across 35 jurisdictions who can truly be considered leaders in the field. They are distinguished for their <a href='https://www.ersoybilgehan.com/en/publication-detail/wwl-hospitality-2020-ranking'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/wwl-hospitality-2020-ranking</guid> <pubDate>2020-10-23</pubDate> </item><item> <title><![CDATA[ Separate Fines for Customs Brokers: A Change of Policy? ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/separate-fines-for-customs-brokers-a-change-of-policy</link> <description><![CDATA[ An internal letter issued by the General Directorate of Risk Management, Liquidation and Circulating Capital of the Ministry of Commerce (“ Ministry ”) has raised concerns among customs brokers and brokerage companies as it indicates a change of policy by the Ministry regarding the implementation of the rules about the application of certain customs fines. Ministry’s Internal Letter On 21 May 2020, the Ministry has circulated an internal le <a href='https://www.ersoybilgehan.com/en/publication-detail/separate-fines-for-customs-brokers-a-change-of-policy'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/separate-fines-for-customs-brokers-a-change-of-policy</guid> <pubDate>2020-10-15</pubDate> </item><item> <title><![CDATA[ ICTA PUBLISHES PROCEDURES AND PRINCIPLES FOR SOCIAL NETWORK PROVIDERS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/icta-publishes-procedures-and-principles-for-social-network-providers</link> <description><![CDATA[ As our readers might recall from our previous article, the Law no. 5651 , also known as the “Internet Law”, was recently amended by the Law no. 7253 (“ Amending Law ”). The Amending Law introduced significant revisions to the Internet Law, most of which have entered into force as of 31 July 2020. However, amendments regulating the obligations of Foreign Social Network Providers including those requiring designation of a representative wer <a href='https://www.ersoybilgehan.com/en/publication-detail/icta-publishes-procedures-and-principles-for-social-network-providers'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/icta-publishes-procedures-and-principles-for-social-network-providers</guid> <pubDate>2020-10-12</pubDate> </item><item> <title><![CDATA[ PRESIDENT REDUCES TAX ON FOREIGN CURRENCY PURCHASES FROM 1% BACK TO 0.2% ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/president-reduces-tax-on-foreign-currency-purchases-from-1-back-to-02</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. We have previously shared with our readers that the banking and insurance transactions tax (BITT) rate applied to foreign currency purchases was increased from 0.2% to 1%. With the Presidential Decree numbered 3031 published in the Official Gazette dated 30 September 2020 <a href='https://www.ersoybilgehan.com/en/publication-detail/president-reduces-tax-on-foreign-currency-purchases-from-1-back-to-02'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/president-reduces-tax-on-foreign-currency-purchases-from-1-back-to-02</guid> <pubDate>2020-10-06</pubDate> </item><item> <title><![CDATA[ FINAL WARNING AND TIME EXTENSION FOR DATA CONTROLLERS TO COMPLY WITH REGISTRATION OBLIGATIONS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/final-warning-and-time-extension-for-data-controllers-to-comply-with-registration-obligations</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. Having identified that some of the data controllers have not been able to complete their registration with VERBIS (i.e. the data controllers’ registry) due to Covid-19 related reasons, the Personal Data Protection Board (“ Board ”) granted a de facto time extensi <a href='https://www.ersoybilgehan.com/en/publication-detail/final-warning-and-time-extension-for-data-controllers-to-comply-with-registration-obligations'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/final-warning-and-time-extension-for-data-controllers-to-comply-with-registration-obligations</guid> <pubDate>2020-10-02</pubDate> </item><item> <title><![CDATA[ RESTRICTIONS ON DIVIDEND DISTRIBUTIONS TO CONTINUE FOR ANOTHER THREE MONTHS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/restrictions-on-dividend-distributions-to-continue-for-another-three-months</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers might recall, we had previously announced that a temporary article 13 was inserted into the Turkish Commercial Code, setting out restrictions on companies’ distribution of their net profits in 2019. We had also shared that the government published exceptio <a href='https://www.ersoybilgehan.com/en/publication-detail/restrictions-on-dividend-distributions-to-continue-for-another-three-months'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/restrictions-on-dividend-distributions-to-continue-for-another-three-months</guid> <pubDate>2020-09-18</pubDate> </item><item> <title><![CDATA[ TERMS OF TERMINATION PROHIBITION AND MANDATORY UNPAID LEAVE EXTENDED AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-again</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of COVID-19. Please click here for our “COVID-19 Insights” page and other articles. As our readers will recall from earlier articles , the government had introduced certain time-limited measures including the prohibition on termination of employment contracts and mandatory unpaid leave, in an effort to alleviate the effects Covid-19 had on employers as we <a href='https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-and-mandatory-unpaid-leave-extended-again</guid> <pubDate>2020-09-04</pubDate> </item><item> <title><![CDATA[ TERM OF SHORT-TERM WORKING SUBSIDY EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/term-of-short-term-working-subsidy-extended-yet-again</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of COVID-19. Please click here for our “COVID-19 Insights” page and other articles. As our readers will recall from earlier articles , the government had introduced new regulations relating to the short-term working subsidy in an effort to alleviate the effects Covid-19 had on employers as well as employees. We have also shared with our readers the extens <a href='https://www.ersoybilgehan.com/en/publication-detail/term-of-short-term-working-subsidy-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/term-of-short-term-working-subsidy-extended-yet-again</guid> <pubDate>2020-09-01</pubDate> </item><item> <title><![CDATA[ DEADLINES FOR THE CENTRALIZED COMMERCIAL MESSAGE MANAGEMENT SYSTEM ARE EXTENDED AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-are-extended-again</link> <description><![CDATA[ We have shared in a previous article that natural and legal entities that deliver electronic commercial messages were now required to register with the Centralized Commercial Message Management System (“ IYS ”). The deadline for service providers to transfer opt-in consents of recipients to IYS was initially set as 1 June 2020 but this deadline was extended to 31 August 2020 due to the Covid-19 outbreak. Pursuant to the Regulation Amending th <a href='https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-are-extended-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-are-extended-again</guid> <pubDate>2020-08-28</pubDate> </item><item> <title><![CDATA[ REMINDER: MARKETING CONSENTS MUST BE TRANSFERRED TO THE COMMERCIAL MESSAGE MANAGEMENT SYSTEM BY 31 AUGUST 2020 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/reminder-marketing-consents-must-be-transferred-to-the-commercial-message-management-system-by-31-august-2020</link> <description><![CDATA[ We had shared in a previous article that natural and legal entities that deliver electronic commercial messages were now required to register with the Centralized Commercial Message Management System (“ IYS ”). The deadline for service providers to transfer opt-in consents of recipients to IYS was initially set as 1 June 2020 but this deadline was extended to 31 August 2020 due to the Covid-19 outbreak. Accordingly, our clients who deliver el <a href='https://www.ersoybilgehan.com/en/publication-detail/reminder-marketing-consents-must-be-transferred-to-the-commercial-message-management-system-by-31-august-2020'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/reminder-marketing-consents-must-be-transferred-to-the-commercial-message-management-system-by-31-august-2020</guid> <pubDate>2020-08-27</pubDate> </item><item> <title><![CDATA[ PARLIAMENT FINALLY AMENDS INTERNET LAW: NEW SOCIAL MEDIA REGULATIONS AND REMOVAL OF CONTENT ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-amends-internet-law-new-social-media-regulations-and-removal-of-content</link> <description><![CDATA[ The “social media regulations” which have been a topic of debate for a while have now been enacted by Parliament through the law no. 7253 (“ Amending Law ”) and was published in the Official Gazette dated 30 July 2020, amending the Law no. 5651 on the Regulation of Broadcasts via the Internet and the Prevention of Crimes Committed Through such Broadcasts (“ Internet Law ”). The Amending Law sets out various new obligations for social <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-amends-internet-law-new-social-media-regulations-and-removal-of-content'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-amends-internet-law-new-social-media-regulations-and-removal-of-content</guid> <pubDate>2020-08-21</pubDate> </item><item> <title><![CDATA[ TURKISH DATA PROTECTION BOARD RECOGNIZES RIGHT TO BE FORGOTTEN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-data-protection-board-recognizes-right-to-be-forgotten</link> <description><![CDATA[ The Data Protection Board (“ Board ”) has recently announced its decision numbered 2020/481 (“ Decision ”) on its website, providing its view on the right to be forgotten. The Board has defined “right to be forgotten” as a request for delisting results displayed on a search engine when an individual’s name and surname is searched therein. The Board has also determined the criteria it will take into account in reviewing cases concern <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-data-protection-board-recognizes-right-to-be-forgotten'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-data-protection-board-recognizes-right-to-be-forgotten</guid> <pubDate>2020-08-20</pubDate> </item><item> <title><![CDATA[ TERMS OF TERMINATION PROHIBITION, MANDATORY UNPAID LEAVE AND SHORT-TERM WORKING EXTENDED YET AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-mandatory-unpaid-leave-and-short-term-working-extended-yet-again</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles , the government had introduced certain time-limited measures in an effort to alleviate the effects Covid-19 had on employers as well as employees, including the short-term working subsidy, the prohibition on termination <a href='https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-mandatory-unpaid-leave-and-short-term-working-extended-yet-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-mandatory-unpaid-leave-and-short-term-working-extended-yet-again</guid> <pubDate>2020-08-07</pubDate> </item><item> <title><![CDATA[ Amendments to Turkish Civil Procedure Rules ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/amendments-to-turkish-civil-procedure-rules</link> <description><![CDATA[ The Amendments to the Turkish Code of Civil Procedure (“ the Code ”) and Certain Laws numbered 7251 (“ the Amendment ”) was published in the Official Gazette on 28 July 2020. The Amendment addresses several grey areas that have arisen in practice during the period of application of the Code since its entry into force in July 2012. In this article we discuss briefly those amendments to the Turkish Code of Civil Procedure and certain laws t <a href='https://www.ersoybilgehan.com/en/publication-detail/amendments-to-turkish-civil-procedure-rules'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/amendments-to-turkish-civil-procedure-rules</guid> <pubDate>2020-08-05</pubDate> </item><item> <title><![CDATA[ PARLIAMENT BROADENS PRESIDENT’S AUTHORITY TO EXTEND THE TERM OF TERMINATION PROHIBITION UNTIL 30 JUNE 2021 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-broadens-presidents-authority-to-extend-the-term-of-termination-prohibition-until-30-june-2021</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles , the government had introduced certain time-limited measures in an effort to alleviate the effects Covid-19 had on employers as well as employees, including the prohibition on termination of employment contracts and man <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-broadens-presidents-authority-to-extend-the-term-of-termination-prohibition-until-30-june-2021'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-broadens-presidents-authority-to-extend-the-term-of-termination-prohibition-until-30-june-2021</guid> <pubDate>2020-07-30</pubDate> </item><item> <title><![CDATA[ COMPETITION LAW AMENDED TO FURTHER HARMONIZE IT WITH EU LAW ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/competition-law-amended-to-further-harmonize-it-with-eu-law</link> <description><![CDATA[ The Law Amending the Law on the Protection of Competition was published in the Official Gazette dated 24 June 2020 and numbered 31165 (“ Amending Law ”) and entered into force on the same day. The preamble of the Amending Law provides that the amendments aim to harmonize the Law on the Protection of Competition numbered 4054 (“ Law no. 4054 ”) with the European Union laws and to establish a modern competition legislation. To that end the <a href='https://www.ersoybilgehan.com/en/publication-detail/competition-law-amended-to-further-harmonize-it-with-eu-law'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/competition-law-amended-to-further-harmonize-it-with-eu-law</guid> <pubDate>2020-07-09</pubDate> </item><item> <title><![CDATA[ TERMS OF TERMINATION PROHIBITION, MANDATORY UNPAID LEAVE, AND SHORT-TERM WORKING EXTENDED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-mandatory-unpaid-leave-and-short-term-working-extended</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers will recall from earlier articles on the short-term working subsidy and the prohibition on termination of employment contracts , the government has previously introduced certain time-limited measures in an effort to alleviate the effect Covid-19 had on e <a href='https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-mandatory-unpaid-leave-and-short-term-working-extended'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/terms-of-termination-prohibition-mandatory-unpaid-leave-and-short-term-working-extended</guid> <pubDate>2020-07-03</pubDate> </item><item> <title><![CDATA[ ERSOYBILGEHAN CONTRIBUTES TO THE “CRISIS MANAGEMENT” GUIDE PUBLISHED BY IR GLOBAL ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-crisis-management-guide-published-by-ir-global</link> <description><![CDATA[ Our firm has recently contributed to the “ Crisis Management: Surviving and thriving in a post-pandemic world ” guide published by IR Global, the multi-disciplinary professional services network that provides legal, accountancy, financial advice to companies and individuals around the world. In this publication, we have shared our expert opinion on crisis management and business continuity, addressed questions relating to post-pandemic workpl <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-crisis-management-guide-published-by-ir-global'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-crisis-management-guide-published-by-ir-global</guid> <pubDate>2020-06-29</pubDate> </item><item> <title><![CDATA[ THE DEADLINE FOR REGISTRATION WITH DATA CONTROLLERS’ REGISTRY HAS BEEN EXTENDED DUE TO COVID-19 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-deadline-for-registration-with-data-controllers-registry-has-been-extended-due-to-covid-19</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The Data Protection Board (“ Board ”) has just announced that it has extended the deadline for registration with the Data Controllers’ Registry Information System (“ VERBIS ”) with its decision no. 2020/482. The Board had previously extended the timeline for the <a href='https://www.ersoybilgehan.com/en/publication-detail/the-deadline-for-registration-with-data-controllers-registry-has-been-extended-due-to-covid-19'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-deadline-for-registration-with-data-controllers-registry-has-been-extended-due-to-covid-19</guid> <pubDate>2020-06-24</pubDate> </item><item> <title><![CDATA[ WEEKLY REPORTING REQUIREMENT FOR SOME TURKISH BORROWERS IMPOSED BY THE CENTRAL BANK OF THE REPUBLIC OF TURKEY ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/weekly-reporting-requirement-for-some-turkish-borrowers-imposed-by-the-central-bank-of-the-republic-of-turkey</link> <description><![CDATA[ In 2018, the Central Bank of the Republic of Turkey (“ CBRT ”) introduced the requirement for some Turkish real and legal persons to report transactions which affect the foreign exchange positions (“ FX Positions ”) to the CBRT. Pursuant to the 2018 Regulation for Monitoring the Transactions Effecting the FX Positions (“ Regulation ”), Turkish companies with foreign currency debt of over USD 15 million are required to report the above <a href='https://www.ersoybilgehan.com/en/publication-detail/weekly-reporting-requirement-for-some-turkish-borrowers-imposed-by-the-central-bank-of-the-republic-of-turkey'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/weekly-reporting-requirement-for-some-turkish-borrowers-imposed-by-the-central-bank-of-the-republic-of-turkey</guid> <pubDate>2020-06-12</pubDate> </item><item> <title><![CDATA[ GOVERNMENT RAISES TAX ON FOREIGN CURRENCY PURCHASES FROM 0.2% TO 1% ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/government-raises-tax-on-foreign-currency-purchases-from-02-to-1</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The Presidential decree numbered 2568 published in the Official Gazette dated 24 May 2020 and no. 31136 provides for a raise in the banking and insurance transaction tax (BITT) rate applied to foreign currency purchases. Effective from the date of publication of the decree <a href='https://www.ersoybilgehan.com/en/publication-detail/government-raises-tax-on-foreign-currency-purchases-from-02-to-1'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/government-raises-tax-on-foreign-currency-purchases-from-02-to-1</guid> <pubDate>2020-06-01</pubDate> </item><item> <title><![CDATA[ DEADLINES FOR THE CENTRALIZED COMMERCIAL MESSAGE MANAGEMENT SYSTEM ARE EXTENDED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-are-extended</link> <description><![CDATA[ Pursuant to the Regulation Amending the Regulation on Commercial Communication and Commercial Electronic Messages (“ Regulation ”) that was published in the Official Gazette dated 4 January 2020 and numbered 30998, all natural and legal entities that deliver electronic commercial messages were requested to register with the Centralized Commercial Message Management System (“ IYS ”). In that respect, the opt-in consents of recipients were <a href='https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-are-extended'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/deadlines-for-the-centralized-commercial-message-management-system-are-extended</guid> <pubDate>2020-05-28</pubDate> </item><item> <title><![CDATA[ GOVERNMENT PUBLISHES EXCEPTIONS TO RESTRICTIONS ON DISTRIBUTION OF PROFITS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/government-publishes-exceptions-to-restrictions-on-distribution-of-profits</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. Law no. 7244 has very recently introduced a temporary article into the Turkish Commercial Code no. 6102 (“ TCC ”), setting out restrictions on companies’ distribution of their net profits in 2019. You can find our article discussing these restrictions here . Exceptio <a href='https://www.ersoybilgehan.com/en/publication-detail/government-publishes-exceptions-to-restrictions-on-distribution-of-profits'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/government-publishes-exceptions-to-restrictions-on-distribution-of-profits</guid> <pubDate>2020-05-21</pubDate> </item><item> <title><![CDATA[ MAJOR REVISIONS INTRODUCED TO TURKISH INSURANCE PRACTICE: EXTENSION OF THE RIGHT TO ACT AS INSURANCE BROKERS AND THE SCOPE OF ELECTRONIC PLATFORMS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/major-revisions-introduced-to-turkish-insurance-practice-extension-of-the-right-to-act-as-insurance-brokers-and-the-scope-of-electronic-platforms</link> <description><![CDATA[ A new regulation amending the Regulation on the Operations Assessed Within the Scope of Insurance, Insurance Contracts Concluded In Favour of Consumers and Distance Insurance Contracts has been published in Turkish Official Gazette on 9 May 2020 (the “ Amendment ”). The Amendment extends the scope of the electronic platforms to be used for concluding insurance contracts by recognizing the use of permanent data keeper platforms and mobile appl <a href='https://www.ersoybilgehan.com/en/publication-detail/major-revisions-introduced-to-turkish-insurance-practice-extension-of-the-right-to-act-as-insurance-brokers-and-the-scope-of-electronic-platforms'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/major-revisions-introduced-to-turkish-insurance-practice-extension-of-the-right-to-act-as-insurance-brokers-and-the-scope-of-electronic-platforms</guid> <pubDate>2020-05-13</pubDate> </item><item> <title><![CDATA[ WHAT IS MANIPULATION AND MISLEADING TRANSACTIONS IN FINANCIAL MARKETS: THE TURKISH BANKING REGULATION AND SUPERVISION AGENCY PROVIDED A LIST. ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/what-is-manipulation-and-misleading-transactions-in-financial-markets-the-turkish-banking-regulation-and-supervision-agency-provided-a-list</link> <description><![CDATA[ The Turkish Banking Regulation and Supervision Agency (“ BRSA ”) issued a new regulation on 7 May 2020, which lists the actions and transactions that will be considered as manipulating and/or misleading financial markets (“ Regulation ”). The Regulation follows the amendment to the Banking Code, which came into force a little over 2 months ago, on 20 February 2020 (“ Amendment ”). The recent Amendment introduced “manipulation and mi <a href='https://www.ersoybilgehan.com/en/publication-detail/what-is-manipulation-and-misleading-transactions-in-financial-markets-the-turkish-banking-regulation-and-supervision-agency-provided-a-list'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/what-is-manipulation-and-misleading-transactions-in-financial-markets-the-turkish-banking-regulation-and-supervision-agency-provided-a-list</guid> <pubDate>2020-05-11</pubDate> </item><item> <title><![CDATA[ GOVERNMENT AID TO PRIVATE THEATRE PROJECTS ARE REVISED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/government-aid-to-private-theatre-projects-are-revised</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. There is no doubt that arts and culture has been one of the sectors most affected by COVID-19, as almost all of the events and organizations throughout Turkey and worldwide have either been cancelled or postponed. This is precisely why the Ministry of Culture and Tourism ( <a href='https://www.ersoybilgehan.com/en/publication-detail/government-aid-to-private-theatre-projects-are-revised'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/government-aid-to-private-theatre-projects-are-revised</guid> <pubDate>2020-05-10</pubDate> </item><item> <title><![CDATA[ NEW GENERAL AVIATION REGULATION (SHY-6B) ENTERS INTO FORCE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-general-aviation-regulation-shy-6b-enters-into-force</link> <description><![CDATA[ In our client alert dating back to May 2013, we reported that the General Aviation Regulation (the “ Former Regulation ”) was published in the Official Gazette on 14 May 2013 and entered into force. It remained in effect until recently when it was repealed by the new General Aviation Regulation (the “ New Regulation ”) which was published in the Official Gazette on 24 April 2020. With one exception, the provisions of the New Regulation ar <a href='https://www.ersoybilgehan.com/en/publication-detail/new-general-aviation-regulation-shy-6b-enters-into-force'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-general-aviation-regulation-shy-6b-enters-into-force</guid> <pubDate>2020-05-05</pubDate> </item><item> <title><![CDATA[ SUSPENSION OF THE PROCEDURAL DEADLINES NOW EXTENDED TO 15 JUNE 2020 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/suspension-of-the-procedural-deadlines-now-extended-to-15-june-2020</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The Grand National Assembly of Turkey previously enacted the Law No. 7226 (“ Law ”) suspending all procedural deadlines until 30 April 2020 for the purpose of preventing any loss of rights due to the Covid-19 pandemic. We had shared the details of this regulation w <a href='https://www.ersoybilgehan.com/en/publication-detail/suspension-of-the-procedural-deadlines-now-extended-to-15-june-2020'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/suspension-of-the-procedural-deadlines-now-extended-to-15-june-2020</guid> <pubDate>2020-04-30</pubDate> </item><item> <title><![CDATA[ NEW LAW PROHIBITS TERMINATION OF EMPLOYMENT AND ALLOWS MANDATORY UNPAID LEAVE AND FINANCIAL AID ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-law-prohibits-termination-of-employment-and-allows-mandatory-unpaid-leave-and-financial-aid</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of COVID-19. Please click here for our “COVID-19 Insights” page and other articles. The Ministry of Family, Labor, and Social Services has been preparing a draft omnibus law aiming to prevent the negative impacts of COVID-19 on financial life. The said draft has now become law as the “ Law on Diminishing the Negative Impact of the Novel Coronavirus (COV <a href='https://www.ersoybilgehan.com/en/publication-detail/new-law-prohibits-termination-of-employment-and-allows-mandatory-unpaid-leave-and-financial-aid'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-law-prohibits-termination-of-employment-and-allows-mandatory-unpaid-leave-and-financial-aid</guid> <pubDate>2020-04-22</pubDate> </item><item> <title><![CDATA[ LEGISLATIVE PROPOSAL PASSES PARLIAMENT: PROFIT DISTRIBUTIONS BY COMPANIES ARE NOW RESTRICTED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/legislative-proposal-passes-parliament-profit-distributions-by-companies-are-now-restricted</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers might recall, we had announced previously that the Ministry of Family, Labor, and Social Services has been working on a draft omnibus law aiming to prevent the negative impacts of Covid-19 on financial life and certain restrictions on companies’ profit dis <a href='https://www.ersoybilgehan.com/en/publication-detail/legislative-proposal-passes-parliament-profit-distributions-by-companies-are-now-restricted'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/legislative-proposal-passes-parliament-profit-distributions-by-companies-are-now-restricted</guid> <pubDate>2020-04-17</pubDate> </item><item> <title><![CDATA[ LEGISLATIVE PROPOSAL SETS OUT RESTRICTIONS ON PROFIT DISTRIBUTIONS BY COMPANIES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/legislative-proposal-sets-out-restrictions-on-profit-distributions-by-companies</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers might recall, we have announced via our client alert dated 10 April 2020 that the Ministry of Family, Labor, and Social Services has been working on a draft law aiming to prevent the negative impacts of Covid-19 on financial life and that certain restriction <a href='https://www.ersoybilgehan.com/en/publication-detail/legislative-proposal-sets-out-restrictions-on-profit-distributions-by-companies'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/legislative-proposal-sets-out-restrictions-on-profit-distributions-by-companies</guid> <pubDate>2020-04-15</pubDate> </item><item> <title><![CDATA[ POSSIBLE EFFECTS OF COVID-19 ON CONTRACTS: HARDSHIP ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/possible-effects-of-covid-19-on-contracts-hardship</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles . The Covid-19 virus, which has affected the whole world, has brought our daily lives to a halt because of the danger it poses and it is expected to do so in the months ahead. As the virus keeps spreading faster and at higher rates compared to previous pandemics the world h <a href='https://www.ersoybilgehan.com/en/publication-detail/possible-effects-of-covid-19-on-contracts-hardship'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/possible-effects-of-covid-19-on-contracts-hardship</guid> <pubDate>2020-04-08</pubDate> </item><item> <title><![CDATA[ COVID-19: Measures in relation to Public Procurement Contracts ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/covid-19-measures-in-relation-to-public-procurement-contracts</link> <description><![CDATA[ This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. COVID-19: Measures in relation to Public Procurement Contacts, Extension of Time or Termination of Contract The Circular on the Effect of the COVID-19 Pandemic on Public Procurement Contracts No. 2020/5 (“ Circular ”), has entered into force upon its publication in the <a href='https://www.ersoybilgehan.com/en/publication-detail/covid-19-measures-in-relation-to-public-procurement-contracts'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/covid-19-measures-in-relation-to-public-procurement-contracts</guid> <pubDate>2020-04-02</pubDate> </item><item> <title><![CDATA[ THE FIGHT AGAINST CORONAVIRUS IN THE WORKPLACE: A DATA PROTECTION AND EMPLOYMENT LAW PERSPECTIVE (PART 2) ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-fight-against-coronavirus-in-the-workplace-a-data-protection-and-employment-law-perspective-part-2</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. Due to the rapid spread of the novel coronavirus (hereinafter simply “ coronavirus ”) in the past couple of months, many workplaces around the world and in Turkey have implemented a variety of measures. Most of the employers have instructed their employees to work <a href='https://www.ersoybilgehan.com/en/publication-detail/the-fight-against-coronavirus-in-the-workplace-a-data-protection-and-employment-law-perspective-part-2'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-fight-against-coronavirus-in-the-workplace-a-data-protection-and-employment-law-perspective-part-2</guid> <pubDate>2020-03-30</pubDate> </item><item> <title><![CDATA[ LAW SUSPENDING THE PROCEDURAL DEADLINES IS NOW PUBLISHED IN THE OFFICIAL GAZETTE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/law-suspending-the-procedural-deadlines-is-now-published-in-the-official-gazette</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. We have already shared with our readers the details of the precautions implemented to curb the spread of COVID-19 in Turkey. While COVID-19 continues to spread, on 25.03.2020, the Grand National Assembly enacted the Law No. 7226 (“Law”) on the suspension of the pro <a href='https://www.ersoybilgehan.com/en/publication-detail/law-suspending-the-procedural-deadlines-is-now-published-in-the-official-gazette'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/law-suspending-the-procedural-deadlines-is-now-published-in-the-official-gazette</guid> <pubDate>2020-03-27</pubDate> </item><item> <title><![CDATA[ THE GRAND NATIONAL ASSEMBLY SUSPENDS PROCEDURAL DEADLINES UNTIL 30 APRIL 2020! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-grand-national-assembly-suspends-procedural-deadlines-until-30-april-2020</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. Following the postponement of the hearings and the suspension of the enforcement proceedings due to the COVID-19 pandemic, the authorities have now issued a new regulation with regard to the deadlines in the adjudication proceedings. According to the announcement of th <a href='https://www.ersoybilgehan.com/en/publication-detail/the-grand-national-assembly-suspends-procedural-deadlines-until-30-april-2020'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-grand-national-assembly-suspends-procedural-deadlines-until-30-april-2020</guid> <pubDate>2020-03-25</pubDate> </item><item> <title><![CDATA[ TURKISH AUTHORITIES IMPLEMENT ADDITIONAL MEASURES IN THE JUDICIARY TO CURB SPREAD OF COVID-19 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-authorities-implement-additional-measures-in-the-judiciary-to-curb-spread-of-covid-19</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The authorities continue to implement precautions in the judiciary system in order to prevent the spread of the COVID-19 disease caused by the new corona virus, which was declared a pandemic disease by the World Health Organization on 11.03.2020. The first precaution w <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-authorities-implement-additional-measures-in-the-judiciary-to-curb-spread-of-covid-19'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-authorities-implement-additional-measures-in-the-judiciary-to-curb-spread-of-covid-19</guid> <pubDate>2020-03-23</pubDate> </item><item> <title><![CDATA[ NEW PRECAUTIONS ISSUED FOR MARINE TRANSPORT INDUSTRY TO FIGHT THE COVID-19 PANDEMIC ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-precautions-issued-for-marine-transport-industry-to-fight-the-covid-19-pandemic</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. With the global community holding their breath to see how the COVID-19 pandemic will affect all aspects of our lives, from business to our daily behaviour, governments are issuing precautions to slow down the worrying trend of the infection. One of the latest precautio <a href='https://www.ersoybilgehan.com/en/publication-detail/new-precautions-issued-for-marine-transport-industry-to-fight-the-covid-19-pandemic'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-precautions-issued-for-marine-transport-industry-to-fight-the-covid-19-pandemic</guid> <pubDate>2020-03-17</pubDate> </item><item> <title><![CDATA[ THE FIGHT AGAINST CORONAVIRUS IN THE WORKPLACE: A DATA PROTECTION AND EMPLOYMENT LAW PERSPECTIVE (PART 1) ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-fight-against-coronavirus-in-the-workplace-a-data-protection-and-employment-law-perspective-part-1</link> <description><![CDATA[ This article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As of 30 January 2020, World Health Organization (WHO) has declared “Public Health Emergency of International Concern” due to the Covid-19 disease caused by SARS-CoV-2 virus, known as the novel coronavirus (hereinafter simply “ coronavirus ”). The Harvard epide <a href='https://www.ersoybilgehan.com/en/publication-detail/the-fight-against-coronavirus-in-the-workplace-a-data-protection-and-employment-law-perspective-part-1'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-fight-against-coronavirus-in-the-workplace-a-data-protection-and-employment-law-perspective-part-1</guid> <pubDate>2020-03-16</pubDate> </item><item> <title><![CDATA[ TURKEY TO CENTRALIZE MARKETING CONSENTS IN A NEW ELECTRONIC SYSTEM RESEMBLING DO-NOT-DISTURB REGISTRIES ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-to-centralize-marketing-consents-in-a-new-electronic-system-resembling-do-not-disturb-registries</link> <description><![CDATA[ Pursuant to the Regulation Amending the Regulation on Commercial Communication and Commercial Electronic Messages (“ Regulation ”) that was published in the Official Gazette dated 4 January 2020 and numbered 30998, all natural and legal entities that deliver electronic commercial messages are obliged to register with the Centralized Commercial Message Management System (“ IYS ”). IYS will come into effect on 1 September 2020. In this resp <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-to-centralize-marketing-consents-in-a-new-electronic-system-resembling-do-not-disturb-registries'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-to-centralize-marketing-consents-in-a-new-electronic-system-resembling-do-not-disturb-registries</guid> <pubDate>2020-03-06</pubDate> </item><item> <title><![CDATA[ ERSOYBILGEHAN CONTRIBUTES TO “THE FUTURE OF PRIVACY” GUIDE PUBLISHED BY IR GLOBAL ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-future-of-privacy-guide-published-by-ir-global</link> <description><![CDATA[ Our firm has contributed to “The Future of Privacy” guide published by IR Global, the multi-disciplinary professional services network that provides legal, accountancy, financial advice to companies and individuals around the world. The Future of Privacy provides evidence on the rippling effect of the EU’s General Data Protection Regulation (GDPR) and its counterparts across the world, including the Personal Data Protection Law (KVKK) of Tu <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-future-of-privacy-guide-published-by-ir-global'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-future-of-privacy-guide-published-by-ir-global</guid> <pubDate>2020-03-04</pubDate> </item><item> <title><![CDATA[ DIGITAL SERVICE TAX ENTERS INTO FORCE ON 1 MARCH 2020 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/digital-service-tax-enters-into-force-on-1-march-2020</link> <description><![CDATA[ The Law no. 7194 on Digital Service Tax and Amendment of Certain Laws and the Decree Law numbered 375 (“ Law no. 7194 ”) is published in the Official Gazette dated 7 December 2019 and numbered 30971. The Law no. 7194 stipulates a “digital service tax,” which will enter into force as of 1 March 2020. Taxation Problem in Digital Services Due to the boundless nature of the internet, taxation of the income generated by companies through the s <a href='https://www.ersoybilgehan.com/en/publication-detail/digital-service-tax-enters-into-force-on-1-march-2020'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/digital-service-tax-enters-into-force-on-1-march-2020</guid> <pubDate>2020-02-06</pubDate> </item><item> <title><![CDATA[ THE CEILING AMOUNT FOR STAMP DUTY RAISED BY 22.58% ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-amount-for-stamp-duty-raised-by-2258</link> <description><![CDATA[ With the New Year, came the revision of the ceiling amount applicable to stamp duty. Just as it did the previous years, the Ministry of Treasury and Finance has issued a new communique, namely the Stamp Duty Code General Communique numbered 64, which was published in the Official Gazette on 27 December 2019 (“Communique”). Under the Communique, the new ceiling amount for stamp duty is increased 22.58% from the previous year to TRY 3,239,556.4 <a href='https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-amount-for-stamp-duty-raised-by-2258'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-ceiling-amount-for-stamp-duty-raised-by-2258</guid> <pubDate>2020-01-08</pubDate> </item><item> <title><![CDATA[ REVISED ENVIRONMENTAL MARINE POLLUTION FINES FOR 2020 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2020</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 2872 (the “Code”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. Different from the major increase imposed in December 2018 , this is a mere adjustment of the fines for inflation that takes place every year. The tariff below contains the updated rates for the year 2020 tha <a href='https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2020'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2020</guid> <pubDate>2020-01-02</pubDate> </item><item> <title><![CDATA[ 2020 CERTIFICATION OF COMPANY BOOKS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/2020-certification-of-company-books</link> <description><![CDATA[ Similar to previous years, as we approach the year-end, we would like to draw your attention to the requirements for the annual certification of company commercial books. In accordance with requirements of the Tax Procedure Law and Turkish Code of Commerce, the commercial companies established in Turkey have to physically keep the following books: General Journal, General Ledger, Inventory Book, Share Ledger, Minutes Book for Resolutions of Board <a href='https://www.ersoybilgehan.com/en/publication-detail/2020-certification-of-company-books'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/2020-certification-of-company-books</guid> <pubDate>2019-12-31</pubDate> </item><item> <title><![CDATA[ THE DATA PROTECTION BOARD EXTENDS DEADLINE FOR REGISTRATION WITH DATA CONTROLLERS’ REGISTRY AGAIN ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-data-protection-board-extends-deadline-for-registration-with-data-controllers-registry-again</link> <description><![CDATA[ The Data Protection Board (Board) has recently resolved to extend the deadline for registration with the Data Controllers’ Registry Information System (“VERBIS”). The decision no. 2019/387 on the extension was announced on the board’s website on 27 December 2019. The Board had previously extended the timeline for the following data controllers’ obligation to register with VERBIS to 31 December 2019 with its decision dated 3 September 20 <a href='https://www.ersoybilgehan.com/en/publication-detail/the-data-protection-board-extends-deadline-for-registration-with-data-controllers-registry-again'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-data-protection-board-extends-deadline-for-registration-with-data-controllers-registry-again</guid> <pubDate>2019-12-30</pubDate> </item><item> <title><![CDATA[ FINAL REMINDER FOR REGISTRATION OBLIGATIONS: DATA CONTROLLERS HAVE 20 DAYS TO REGISTER ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/final-reminder-for-registration-obligations-data-controllers-have-20-days-to-register</link> <description><![CDATA[ One of the main obligations of the data controllers under the Turkish Personal Data Protection Law (“ PDPL ”) is to register with a publicly available Data Controllers’ Registry through an online information system called “ VERBIS ”. For certain data controllers, this obligation is due by 31 December 2019. What is VERBIS? VERBIS is an online system where the data processing activities notified by the data controllers will be made public <a href='https://www.ersoybilgehan.com/en/publication-detail/final-reminder-for-registration-obligations-data-controllers-have-20-days-to-register'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/final-reminder-for-registration-obligations-data-controllers-have-20-days-to-register</guid> <pubDate>2019-12-11</pubDate> </item><item> <title><![CDATA[ SIGNIFICANT AMENDMENTS TO THE TURKISH PORTS REGULATION ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/significant-amendments-to-the-turkish-ports-regulation</link> <description><![CDATA[ Amendments to the Turkish Ports Regulation ("Regulation") have been published in the Official Gazette on 24 September 2019. Even though several important amendments were made in the Regulation, two stand out. Reporting Incidents The amended Article 24 of the Regulation requires interests of vessels and shore facilities to immediately report by VHF and other appropriate means of communication to the Harbour Master’s Office (“HMO”) any marine <a href='https://www.ersoybilgehan.com/en/publication-detail/significant-amendments-to-the-turkish-ports-regulation'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/significant-amendments-to-the-turkish-ports-regulation</guid> <pubDate>2019-10-21</pubDate> </item><item> <title><![CDATA[ The Empty Vessel Makes the Greatest Sound ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-empty-vessel-makes-the-greatest-sound</link> <description><![CDATA[ This quotation, discussed fiercely among literary circles, is from Shakespeare’s play Henry V (4. 4. 68-9). Shakespeare obviously does not refer to ships but he creates an analogy between the empty vessel and the emptied human heart in which everything echoes and there is room for all sorts of contentions. To the contrary, from a shipping point of view, passenger ships would be considered to have a “greater sound” when filled with passenger <a href='https://www.ersoybilgehan.com/en/publication-detail/the-empty-vessel-makes-the-greatest-sound'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-empty-vessel-makes-the-greatest-sound</guid> <pubDate>2019-10-02</pubDate> </item><item> <title><![CDATA[ THE DEADLINE FOR REGISTRATION WITH DATA CONTROLLERS’ REGISTRY HAS BEEN EXTENDED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-deadline-for-registration-with-data-controllers-registry-has-been-extended</link> <description><![CDATA[ The Data Protection Board has very recently resolved to extend the deadline for registration with the Data Controllers’ Registry Information System (“ VERBIS ”). The decision no. 2019/265 and dated 3 September 2019 on the extension was announced on the board’s website on 5 September 2019. The Data Protection Board had previously determined the timeline for data controllers’ obligation to register with VERBIS with its decision numbered 2 <a href='https://www.ersoybilgehan.com/en/publication-detail/the-deadline-for-registration-with-data-controllers-registry-has-been-extended'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-deadline-for-registration-with-data-controllers-registry-has-been-extended</guid> <pubDate>2019-09-10</pubDate> </item><item> <title><![CDATA[ The International Convention on Arrest of Ships (1999) Enters into Force in Turkey ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-international-convention-on-arrest-of-ships-1999-enters-into-force-in-turkey</link> <description><![CDATA[ The International Convention on Arrest of Ships, 1999 (hereinafter referred to as “ the 1999 Convention ") was ratified by the Turkish Parliament on 02.03.2017, a development which was reported to our readers in our client alert of earlier dated 19.04.2017. Please find here the link to our client alert dated 19.04.2017. Since then a presidential decree and publication of the official Turkish translation of the 1999 Convention in the official ga <a href='https://www.ersoybilgehan.com/en/publication-detail/the-international-convention-on-arrest-of-ships-1999-enters-into-force-in-turkey'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-international-convention-on-arrest-of-ships-1999-enters-into-force-in-turkey</guid> <pubDate>2019-05-06</pubDate> </item><item> <title><![CDATA[ Data Protection Board Announces Decision on Data Security Breaches ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-announces-decision-on-data-security-breaches</link> <description><![CDATA[ Data Protection Board (“ DPB ”) has recently announced its decision no. 2019/10 and dated 24/01/2019 on the management of data security breaches and notifications to the DPB and data subjects. The DPB also announced its decision no. 2019/9 and dated 24/01/2019 on the calculation of the time periods for applications to data controllers and complaints to the DPB in order to “harmonize the difference in the interpretation of the periods.” Wh <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-announces-decision-on-data-security-breaches'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-announces-decision-on-data-security-breaches</guid> <pubDate>2019-02-22</pubDate> </item><item> <title><![CDATA[ YORK ANTWERP RULES 2016 ENTER INTO FORCE IN TURKEY ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/york-antwerp-rules-2016-enter-into-force-in-turkey</link> <description><![CDATA[ The Turkish Commercial Code’s sub-section titled General Average makes specific reference to the York Antwerp Rules in stipulating that the most recent version of the Rules with an official Turkish translation shall be applicable in general average under Turkish law. In this sense, Turkish law differs from interpretations in different jurisdictions where the 2004 Rules are not considered an amendment to the 1994 Rules. The approach in the Turki <a href='https://www.ersoybilgehan.com/en/publication-detail/york-antwerp-rules-2016-enter-into-force-in-turkey'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/york-antwerp-rules-2016-enter-into-force-in-turkey</guid> <pubDate>2019-02-19</pubDate> </item><item> <title><![CDATA[ Further Increase in Marine Pollution Fines ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/further-increase-in-marine-pollution-fines</link> <description><![CDATA[ As reported in our update dated 10 December 2018, fines imposed on vessels for polluting the marine environment had been updated effective from 10 December 2018. At first, the update was received as a regular annual update of the fines but it was made clear by the further update published on 31 December 2018 that instead, the update was a reflection of the government’s decision to crack down on instances of marine pollution, not an annual revie <a href='https://www.ersoybilgehan.com/en/publication-detail/further-increase-in-marine-pollution-fines'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/further-increase-in-marine-pollution-fines</guid> <pubDate>2019-01-07</pubDate> </item><item> <title><![CDATA[ MANDATORY MEDIATION NOW EXTENDED TO COMMERCIAL DISPUTES! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/mandatory-mediation-now-extended-to-commercial-disputes</link> <description><![CDATA[ As of 1 January 2018, it had been made mandatory to apply for mediation for a number of labour law related disputes, before commencing litigation. Now, the Law on Initiating Proceedings Against Monetary Receivables Arising Out of Subscription Agreements ( “Law no 7155” ), published in the Official Gazette on 19 December 2018, bears a significance beyond its purpose of setting out the procedures and principles regarding the said proceedings, a <a href='https://www.ersoybilgehan.com/en/publication-detail/mandatory-mediation-now-extended-to-commercial-disputes'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/mandatory-mediation-now-extended-to-commercial-disputes</guid> <pubDate>2018-12-28</pubDate> </item><item> <title><![CDATA[ 2019 CERTIFICATION OF COMPANY BOOKS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/2019-certification-of-company-books</link> <description><![CDATA[ Similar to previous years, as we approach the year end, we would like to draw your attention to the requirements for the annual certification of company commercial books. In accordance with requirements of the Tax Procedure Law and Turkish Code of Commerce, the commencement certification of the following books kept physically by the commercial companies established in Turkey, shall be affected by a notary public until the end of the month precedi <a href='https://www.ersoybilgehan.com/en/publication-detail/2019-certification-of-company-books'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/2019-certification-of-company-books</guid> <pubDate>2018-12-21</pubDate> </item><item> <title><![CDATA[ THE REGULATION ON RESTRUCTURING OF LOANS NOW EXTENDED TO FOREIGN CREDIT INSTITUTIONS! ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-regulation-on-restructuring-of-loans-now-extended-to-foreign-credit-institutions</link> <description><![CDATA[ The Banking Regulation and Supervision Agency ( “BRSA” ) has amended the Regulation on Restructuring of Loans Owed to Banks and Financing Companies ( “Regulation” ), which was first published on 15 August 2018 1 . Soon after publication, foreign banks have raised opposition to the Regulation and the practices under it. As a result, major amendments to the Regulation were published on the Official Gazette dated 21 November 2018 2 . We summ <a href='https://www.ersoybilgehan.com/en/publication-detail/the-regulation-on-restructuring-of-loans-now-extended-to-foreign-credit-institutions'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-regulation-on-restructuring-of-loans-now-extended-to-foreign-credit-institutions</guid> <pubDate>2018-12-17</pubDate> </item><item> <title><![CDATA[ Marine Pollution Fines More Than Quadrupled for 2019 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-more-than-quadrupled-for-2019</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 1983 (“Code”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. The quantum of the fines are determined by a tariff that is revised annually, to be effective from the first day of that year. However, the Turkish government updated the fines a few weeks early this year and int <a href='https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-more-than-quadrupled-for-2019'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/marine-pollution-fines-more-than-quadrupled-for-2019</guid> <pubDate>2018-12-10</pubDate> </item><item> <title><![CDATA[ PREJUDICIAL USE OF THE SOCIAL MEDIA BY SEAFARERS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/prejudicial-use-of-the-social-media-by-seafarers</link> <description><![CDATA[ Social media has become an integral part of our daily lives and seafarers are certainly no exception to that especially considering the intensified need to maintain connection with loved ones in the months spent away from home. This comes with drawbacks that may prejudice owners’ position in several ways. In a recent circular published by Turkey’s Istanbul &amp; Marmara, Aegean, Mediterranean, Blacksea Regions Chamber of Shipping (“Chamber <a href='https://www.ersoybilgehan.com/en/publication-detail/prejudicial-use-of-the-social-media-by-seafarers'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/prejudicial-use-of-the-social-media-by-seafarers</guid> <pubDate>2018-11-22</pubDate> </item><item> <title><![CDATA[ AMENDMENTS INTRODUCED TO THE COMMUNIQUE ON THE EXCEPTIONS TO FOREIGN CURRENCY CONTRACT PROHIBITIONS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/amendments-introduced-to-the-communique-on-the-exceptions-to-foreign-currency-contract-prohibitions</link> <description><![CDATA[ Presidential Decree dated September 12, 2018 (“ Decree ”) 1 brought restrictions to agreements denominated in foreign currencies or indexed to foreign currencies concluded between those parties who are real persons or legal entities residing in Turkey. According to the Decree, for contracts which meet the below mentioned three conditions, the contract price and any other payment obligation arising from the contract cannot be denominated in fo <a href='https://www.ersoybilgehan.com/en/publication-detail/amendments-introduced-to-the-communique-on-the-exceptions-to-foreign-currency-contract-prohibitions'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/amendments-introduced-to-the-communique-on-the-exceptions-to-foreign-currency-contract-prohibitions</guid> <pubDate>2018-11-21</pubDate> </item><item> <title><![CDATA[ Data Protection Board’s Latest Resolution Stipulates Administrative Fines up to 1 Million TRY for Unauthorized Advertisements and Calls ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-boards-latest-resolution-stipulates-administrative-fines-up-to-1-million-try-for-unauthorized-advertisements-and-calls</link> <description><![CDATA[ Update (07/11/2018): In parallel with our previous interpretation indicated under this client alert, the Data Protection Board has corrected a sentence in its decision dated 16/10/2018 and no. 2018/119, clarifying that the processing of personal data within the context of advertisement communications should be based on either explicit consent or one of the other processing grounds available under the Data Protection Law. The previous version of t <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-boards-latest-resolution-stipulates-administrative-fines-up-to-1-million-try-for-unauthorized-advertisements-and-calls'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-boards-latest-resolution-stipulates-administrative-fines-up-to-1-million-try-for-unauthorized-advertisements-and-calls</guid> <pubDate>2018-11-01</pubDate> </item><item> <title><![CDATA[ FAQ ON RESTRICTIONS ON DETERMINATION OF CONTRACT VALUES IN FOREIGN CURRENCY OR INDEXED TO A FOREIGN CURRENCY PUBLISHED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/faq-on-restrictions-on-determination-of-contract-values-in-foreign-currency-or-indexed-to-a-foreign-currency-published</link> <description><![CDATA[ On 12.10.2018 the Ministry of Treasury and Finance (" Ministry ") published a press release in relation to the agreements denominated in foreign currencies, which included explanations for the frequently asked questions (“ FAQ ”). Although the FAQs encompass a variety of issues, you may find some of the highlights below. 1) Insurance contracts have been deemed to be outside the scope of the Presidential Decree and the Communiqué. This means <a href='https://www.ersoybilgehan.com/en/publication-detail/faq-on-restrictions-on-determination-of-contract-values-in-foreign-currency-or-indexed-to-a-foreign-currency-published'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/faq-on-restrictions-on-determination-of-contract-values-in-foreign-currency-or-indexed-to-a-foreign-currency-published</guid> <pubDate>2018-11-01</pubDate> </item><item> <title><![CDATA[ Turkey Requires Ship Recycling Plan under the HK Convention ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-requires-ship-recycling-plan-under-the-hk-convention</link> <description><![CDATA[ By the declaration published in the Official Gazette on 26 October 2018, it has been announced that Turkey has opted to require the submission for approval of a Ship Recycling Plan before a ship may be recycled in Turkey’s authorized Ship Recycling Facilities under the International Convention on the Safe and Environmentally Sound Recycling of Ships (“ Convention ”). As we have reported in a previous news alert , Turkey had already become a <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-requires-ship-recycling-plan-under-the-hk-convention'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-requires-ship-recycling-plan-under-the-hk-convention</guid> <pubDate>2018-11-01</pubDate> </item><item> <title><![CDATA[ THE COMMUNIQUE ON EXCEPTIONS ALLOWING COMPANIES TO CONTRACT UNDER FOREIGN CURRENCIES HAS BEEN PUBLISHED ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-communique-on-exceptions-allowing-companies-to-contract-under-foreign-currencies-has-been-published</link> <description><![CDATA[ Presidential Decree dated September 12, 2018 (“ Decree ”) [1] brought restrictions to agreements denominated in foreign currencies or indexed to foreign currencies concluded between those parties who are real persons or legal entities residing in Turkey. According to the Decree, for contracts which meet the below mentioned three conditions, the contract price and any other payment obligation arising from the contract cannot be denominated in <a href='https://www.ersoybilgehan.com/en/publication-detail/the-communique-on-exceptions-allowing-companies-to-contract-under-foreign-currencies-has-been-published'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-communique-on-exceptions-allowing-companies-to-contract-under-foreign-currencies-has-been-published</guid> <pubDate>2018-10-08</pubDate> </item><item> <title><![CDATA[ REGISTRATION OBLIGATIONS HAVE STARTED: CONTROLLERS HAVE 12 MONTHS TO REGISTER ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/registration-obligations-have-started-controllers-have-12-months-to-register</link> <description><![CDATA[ As our readers may recall from our earlier coverage of the data controllers’ registry , Data Protection Board (“ DPB ”), with its decision numbered 2018/88 (“ Decision ”), had previously determined the timeline for data controllers’ obligation to register with the data controllers’ registry system, “ VERBIS ”. According to the DPB’s Decision, registration obligations for the data controllers below have started on 01.10.2018: N <a href='https://www.ersoybilgehan.com/en/publication-detail/registration-obligations-have-started-controllers-have-12-months-to-register'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/registration-obligations-have-started-controllers-have-12-months-to-register</guid> <pubDate>2018-10-03</pubDate> </item><item> <title><![CDATA[ MAJOR AMENDMENTS INTRODUCED TO RULES GOVERNING TRAFFIC IN THE TURKISH STRAITS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/major-amendments-introduced-to-rules-governing-traffic-in-the-turkish-straits</link> <description><![CDATA[ Recent events have induced the authorities to make significant changes to the rules governing the passage of vessels within the Turkish Straits and the Marmara Sea. The last straw in coming to this decision seems to have been the incident involving the bulk carrier m/v “VITASPIRIT” during her transit of the Istanbul Strait in April 2018 where the vessel contacted the shore resulting in serious damage caused to a mansion with significant histo <a href='https://www.ersoybilgehan.com/en/publication-detail/major-amendments-introduced-to-rules-governing-traffic-in-the-turkish-straits'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/major-amendments-introduced-to-rules-governing-traffic-in-the-turkish-straits</guid> <pubDate>2018-09-14</pubDate> </item><item> <title><![CDATA[ PRESIDENTIAL DECREE IMPOSES RESTRICTIONS ON DETERMINATION OF CONTRACT VALUES IN FOREIGN CURRENCY OR INDEXED TO A FOREIGN CURRENCY ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/presidential-decree-imposes-restrictions-on-determination-of-contract-values-in-foreign-currency-or-indexed-to-a-foreign-currency</link> <description><![CDATA[ Presidential Decree dated 12 September 2018 (“ Decree ”) [1] brought restrictions to agreements denominated in foreign currencies or indexed to foreign currencies concluded between real persons and legal entities residing in Turkey. According to the Decree, for contracts which meet the below mentioned three conditions, the contract price and any other payment obligation arising from the contract cannot be denominated in foreign currency or in <a href='https://www.ersoybilgehan.com/en/publication-detail/presidential-decree-imposes-restrictions-on-determination-of-contract-values-in-foreign-currency-or-indexed-to-a-foreign-currency'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/presidential-decree-imposes-restrictions-on-determination-of-contract-values-in-foreign-currency-or-indexed-to-a-foreign-currency</guid> <pubDate>2018-09-14</pubDate> </item><item> <title><![CDATA[ DATA PROTECTION BOARD PUBLISHES THE LATEST ENFORCEMENT ACTIONS: CONTROLLER RECEIVES TRY 200,000 FINE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-publishes-the-latest-enforcement-actions-controller-receives-try-200000-fine</link> <description><![CDATA[ The Turkish Data Protection Board (“ DPB ”), the decision making body of the Turkish Data Protection Authority (“ DPA ”), has recently published on its website a number of enforcement actions it has taken against the data controllers for the breach of the Turkish Personal Data Protection Law (“ Data Protection Law ”). The DPB has already been publishing summaries of its enforcement actions, although the most recent ones signal a relat <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-publishes-the-latest-enforcement-actions-controller-receives-try-200000-fine'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-publishes-the-latest-enforcement-actions-controller-receives-try-200000-fine</guid> <pubDate>2018-09-10</pubDate> </item><item> <title><![CDATA[ DATA PROTECTION BOARD ANNOUNCES REGISTRATION OBLIGATIONS WILL START IN OCTOBER ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-announces-registration-obligations-will-start-in-october</link> <description><![CDATA[ A series of decisions by the Data Protection Board (“ DPB ”) in relation to the obligation to register with the Data Controllers’ Registry (“ Registry ”) were recently published in the Official Gazette. The decisions set out new exemptions from registration obligations and provide the timeline for registration with the Registry. New Exemptions from the Registration Obligations As per the Turkish Personal “ Data Protection Law ” no. <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-announces-registration-obligations-will-start-in-october'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-announces-registration-obligations-will-start-in-october</guid> <pubDate>2018-08-29</pubDate> </item><item> <title><![CDATA[ DATA PROTECTION AUTHORITY DECLARES THE CONTRACTUAL CLAUSES TO BE UTILISED IN CROSS-BORDER DATA TRANSFERS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-authority-declares-the-contractual-clauses-to-be-utilised-in-cross-border-data-transfers</link> <description><![CDATA[ Turkish legislation on personal data protection continues to develop with the resolutions and declarations of the Turkish Data Protection Authority (“ DPA ”). The recent developments shed light on the transfer of personal data outside Turkey without relying on the explicit consent of the data subject and the data controllers who will be kept exempt from the obligation to register with the Data Controllers’ Registry (“ Registry ”). Contr <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-authority-declares-the-contractual-clauses-to-be-utilised-in-cross-border-data-transfers'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-authority-declares-the-contractual-clauses-to-be-utilised-in-cross-border-data-transfers</guid> <pubDate>2018-06-25</pubDate> </item><item> <title><![CDATA[ THE GOVERNMENT DOUBLED THE MINIMUM LIMITS OF MANDATORY COVER FOR SHORE FACILITIES MARINE POLLUTION LIABILITY INSURANCE ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-government-doubled-the-minimum-limits-of-mandatory-cover-for-shore-facilities-marine-pollution-liability-insurance</link> <description><![CDATA[ It is mandatory for shore facilities — ports, terminals, refineries, shipyards, recycling yards and similar — to obtain insurance cover for marine pollution liability pursuant to the Law no. 5312 [1].&nbsp; Minimum limits of cover are set by the Prime Ministry and the Treasury Undersecretariat and the previously applicable limits were updated by the new limits published in the Communique on the Shore Facilities Mandatory Financial Liability I <a href='https://www.ersoybilgehan.com/en/publication-detail/the-government-doubled-the-minimum-limits-of-mandatory-cover-for-shore-facilities-marine-pollution-liability-insurance'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-government-doubled-the-minimum-limits-of-mandatory-cover-for-shore-facilities-marine-pollution-liability-insurance</guid> <pubDate>2018-04-25</pubDate> </item><item> <title><![CDATA[ THE RECENT LEGISLATION ON STOWAWAYS: IS THIS A PRECURSOR TO THE UPCOMING CHANGES IN PRACTICE IN TURKEY? ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-recent-legislation-on-stowaways-is-this-a-precursor-to-the-upcoming-changes-in-practice-in-turkey</link> <description><![CDATA[ The amendments to the annex to the Convention on Facilitation of International Maritime Traffic (“ The Convention ”) were recently ratified by the Council of Ministers and entered into force on 19.03.2018 after being published in the Official Gazette. Turkey has been a party to the initial text of the Convention since 13.03.2016 but did not adopt until quite recently the 2002, 2005, 2009 and 2016 amendments to the annex which brought importan <a href='https://www.ersoybilgehan.com/en/publication-detail/the-recent-legislation-on-stowaways-is-this-a-precursor-to-the-upcoming-changes-in-practice-in-turkey'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-recent-legislation-on-stowaways-is-this-a-precursor-to-the-upcoming-changes-in-practice-in-turkey</guid> <pubDate>2018-04-19</pubDate> </item><item> <title><![CDATA[ DATA PROTECTION BOARD DECLARES THE MEASURES TO BE COMPLIED WITH WHEN PROCESSING SENSITIVE PERSONAL DATA ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-declares-the-measures-to-be-complied-with-when-processing-sensitive-personal-data</link> <description><![CDATA[ Turkish Data Protection Board’s (" DPB ") decision no. 2018/10 (“ Decision ”) has been published in the Official Gazette no. 30353 dated 7 March 2018. This long-awaited decision clarifies the adequate measures to be taken by the data controllers for processing sensitive personal data and is expected to significantly affect how data controllers handle such data in daily operations. Information in relation to “ race, ethnicity, political op <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-declares-the-measures-to-be-complied-with-when-processing-sensitive-personal-data'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-board-declares-the-measures-to-be-complied-with-when-processing-sensitive-personal-data</guid> <pubDate>2018-03-30</pubDate> </item><item> <title><![CDATA[ MEDIATION IN LABOUR DISPUTES MADE MANDATORY BY PARLIAMENT: WHAT ARE THE NEW CHANGES? ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/mediation-in-labour-disputes-made-mandatory-by-parliament-what-are-the-new-changes</link> <description><![CDATA[ The New Labour Courts Law numbered 7036 (the “ New Law ”) was published in the Official Gazette no. 30221 dated 25 October 2017 and entered into force as of that date except for articles 3, 11 and 12 which have only become applicable as of 1 January 2018. We highlight below some of the significant changes introduced by the New Law: MEDIATION IS NOW MANDATORY FOR CERTAIN CLAIMS The key change brought by the New Law is mandatory mediation. Purs <a href='https://www.ersoybilgehan.com/en/publication-detail/mediation-in-labour-disputes-made-mandatory-by-parliament-what-are-the-new-changes'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/mediation-in-labour-disputes-made-mandatory-by-parliament-what-are-the-new-changes</guid> <pubDate>2018-02-12</pubDate> </item><item> <title><![CDATA[ REVISED ENVIRONMENTAL MARINE POLLUTION FINES FOR 2018 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2018</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 1983 (the “Code”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. The quantum of the fines are determined by a tariff that is revised annually. The tariff below contains the updated rates for the year 2018 and have entered into force on 1 January 2018. 1. Petrol and petrole <a href='https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2018'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2018</guid> <pubDate>2018-01-08</pubDate> </item><item> <title><![CDATA[ REGULATION ON DATA CONTROLLERS’ REGISTRY IS PUBLISHED IN THE OFFICIAL GAZETTE, HERE IS WHAT’S NEXT FOR THE REGISTRATION OBLIGATIONS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/regulation-on-data-controllers-registry-is-published-in-the-official-gazette-here-is-whats-next-for-the-registration-obligations</link> <description><![CDATA[ As our readers will recall from our coverage of the new Turkish “ Data Protection Law ”, one of the main obligations of the data controllers is to register with a publicly available Data Controllers’ Registry (“ Registry ”), non-compliance of which may lead to administrative fines up to c. €250,000. The Regulation on Data Controllers’ Registry (the “ Regulation ”), yet another anticipated regulation to be drafted within the fram <a href='https://www.ersoybilgehan.com/en/publication-detail/regulation-on-data-controllers-registry-is-published-in-the-official-gazette-here-is-whats-next-for-the-registration-obligations'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/regulation-on-data-controllers-registry-is-published-in-the-official-gazette-here-is-whats-next-for-the-registration-obligations</guid> <pubDate>2018-01-08</pubDate> </item><item> <title><![CDATA[ GOVERNMENT DETERMINED TO CLEAR TURKISH WATERS OF INACTIVE VESSELS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/government-determined-to-clear-turkish-waters-of-inactive-vessels</link> <description><![CDATA[ The Turkish Parliament has ratified the omnibus bill numbered 7061 which includes a crucial amendment ( “Amendment” ) to the Turkish Ports Act ( “Act” ) and entrusts Harbour Masters with broad powers vis-à-vis all those who are interested in unattended, abandoned or inactive vessels (hereinafter jointly referred to as “Inactive Vessels” ) and wrecks within the legal areas of Turkish ports. The amendment entered into force on 5 Decemb <a href='https://www.ersoybilgehan.com/en/publication-detail/government-determined-to-clear-turkish-waters-of-inactive-vessels'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/government-determined-to-clear-turkish-waters-of-inactive-vessels</guid> <pubDate>2018-01-02</pubDate> </item><item> <title><![CDATA[ Certification of Company Books ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/certification-of-company-books</link> <description><![CDATA[ As we are approaching the year end, we would like to draw your attention to the rules for certification of company commercial books. In accordance with requirements of the Tax Procedure Law and Turkish Code of Commerce, the commencement certification of the following books kept physically by the commercial companies established in Turkey, shall be made by a notary public until the end of the month preceding the company’s next year of activity i <a href='https://www.ersoybilgehan.com/en/publication-detail/certification-of-company-books'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/certification-of-company-books</guid> <pubDate>2017-12-21</pubDate> </item><item> <title><![CDATA[ New Amendment to Address Reward-based Crowdfunding and What to Expect ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-amendment-to-address-reward-based-crowdfunding-and-what-to-expect</link> <description><![CDATA[ A new omnibus code that amends, amongst others, the Capital Markets Code (“ CMC ”) has been enacted by the Turkish parliament and published in the Official Gazette on 5 December 2017. With this amendment, Turkey joined the likes of the USA, UK, Italy, Canada, Sweden and several others who have been regulating crowdfunding for the past couple of years. The CMC amendment expands and somewhat clarifies crowdfunding in Turkey. While the amendment <a href='https://www.ersoybilgehan.com/en/publication-detail/new-amendment-to-address-reward-based-crowdfunding-and-what-to-expect'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-amendment-to-address-reward-based-crowdfunding-and-what-to-expect</guid> <pubDate>2017-12-07</pubDate> </item><item> <title><![CDATA[ Regulation on Deletion, Removal, or Anonymization of Personal Data is published in the Official Gazette ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/regulation-on-deletion-removal-or-anonymization-of-personal-data-is-published-in-the-official-gazette</link> <description><![CDATA[ Regulation on Deletion, Removal, or Anonymization of Personal Data (the “Regulation” ), one of two anticipated regulations to be drafted within the framework of the Personal Data Protection Law no. 6698 ( “PDPL” ), is published in the Official Gazette no. 30224 and dated 28 October 2017. We provide below a summary of the most prevalent provisions under the Regulation: The data controllers who are under the obligation to register with the <a href='https://www.ersoybilgehan.com/en/publication-detail/regulation-on-deletion-removal-or-anonymization-of-personal-data-is-published-in-the-official-gazette'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/regulation-on-deletion-removal-or-anonymization-of-personal-data-is-published-in-the-official-gazette</guid> <pubDate>2017-10-31</pubDate> </item><item> <title><![CDATA[ ERSOYBILGEHAN CONTRIBUTES TO THE INTERNATIONAL COMPARATIVE LEGAL GUIDES TO: DATA PROTECTION 2017 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-international-comparative-legal-guides-to-data-protection-2017</link> <description><![CDATA[ ErsoyBilgehan has contributed to the Turkey chapter of International Comparative Legal Guides (“ ICLG ”) to Data Protection prepared by the Global Legal Group. The ICLG series provides current and practical comparative legal information on a range of practice areas and it follows a question and answer format which ensures thorough coverage of each topic within different legal systems worldwide. The ICLG to Data Protection 2017 - Turkey Chapte <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-international-comparative-legal-guides-to-data-protection-2017'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-international-comparative-legal-guides-to-data-protection-2017</guid> <pubDate>2017-10-10</pubDate> </item><item> <title><![CDATA[ R.o.T. Prime Ministry Undersecretariat of Treasury publishes new circular on Islamic Insurance (Taqaful Insurance) ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/rot-prime-ministry-undersecretariat-of-treasury-publishes-new-circular-on-islamic-insurance-taqaful-insurance</link> <description><![CDATA[ On, 20th September 2017 ,The Undersecretariat of Treasury of Turkish Prime Minister’s Office published a circular on ‘’ Working Principles and Operating Procedures for Participation Insurance ’’ ( hereinafter reffered as ‘’ Islamic Insurance ’’ or ‘’ Tekaful ’’). The circular sets out rules and working principles for the Insurance companies who practice Islamic Insurance (Taqaful) in Turkey. With Islamic Law (Sharia’a) <a href='https://www.ersoybilgehan.com/en/publication-detail/rot-prime-ministry-undersecretariat-of-treasury-publishes-new-circular-on-islamic-insurance-taqaful-insurance'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/rot-prime-ministry-undersecretariat-of-treasury-publishes-new-circular-on-islamic-insurance-taqaful-insurance</guid> <pubDate>2017-10-05</pubDate> </item><item> <title><![CDATA[ TURKISH STRAITS: TRANSIT TIME INCREASED TO 168 HOURS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-straits-transit-time-increased-to-168-hours</link> <description><![CDATA[ A new rule implemented by the Turkish authorities on 28 July 2017 addresses the maximum stopover period for a vessel before its “in transit” status will be broken while passing the Turkish (Istanbul and Dardanelles) Straits. The communique issued by the Turkish Ministry of Transport, Maritime Affairs and Communication increases the maximum transit time of vessels in Turkish waters from 48 hours to 168 hours, i.e. 7 days. The rule before amend <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-straits-transit-time-increased-to-168-hours'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-straits-transit-time-increased-to-168-hours</guid> <pubDate>2017-07-31</pubDate> </item><item> <title><![CDATA[ Requirements for Accredited P&I Clubs Amended ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/requirements-for-accredited-pi-clubs-amended</link> <description><![CDATA[ With regard to certain requirements stipulated under international conventions and Turkish law, Turkish flagged vessels are required to have P&amp;I cover from a club/company accredited by the Turkish Ministry of Transport in order to be able to complete certain procedures before harbour masters. In this regard, a list of accredited P&amp;I insurance providers is kept by the Ministry of Transport pursuant to the standards set in a regulation issu <a href='https://www.ersoybilgehan.com/en/publication-detail/requirements-for-accredited-pi-clubs-amended'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/requirements-for-accredited-pi-clubs-amended</guid> <pubDate>2017-05-31</pubDate> </item><item> <title><![CDATA[ ErsoyBilgehan Contributes to the Conference on the Current Problems of Maritime Enforcement Law ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-conference-on-the-current-problems-of-maritime-enforcement-law</link> <description><![CDATA[ Founding partner Ergun Ersoy has chaired one of the panels in the conference on “The Current Problems of Maritime Enforcement Law” held by the Istanbul Bar Maritime Law Commission and the Istanbul Bilgi University Marine Law and Policy Research Center on 6 and 13 May 2017. Associate M. Raci Alper has also delivered a presentation on the subject. <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-conference-on-the-current-problems-of-maritime-enforcement-law'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-conference-on-the-current-problems-of-maritime-enforcement-law</guid> <pubDate>2017-05-17</pubDate> </item><item> <title><![CDATA[ Data Protection Authority publishes Draft Regulation on Data Controllers’ Registry, registration dates are yet to be declared ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-authority-publishes-draft-regulation-on-data-controllers-registry-registration-dates-are-yet-to-be-declared</link> <description><![CDATA[ As our readers will recall from our coverage of the new Turkish “ Data Protection Law ” , one of the main obligations of the data controllers is to register with a publicly available Data Controllers’ Registry (“ Registry ”), non-compliance of which may lead to an administrative fine up to €250,000. The Turkish Data Protection Authority (“ Authority ”) has announced via its website that it is still working on the secondary legisla <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-authority-publishes-draft-regulation-on-data-controllers-registry-registration-dates-are-yet-to-be-declared'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-authority-publishes-draft-regulation-on-data-controllers-registry-registration-dates-are-yet-to-be-declared</guid> <pubDate>2017-05-12</pubDate> </item><item> <title><![CDATA[ New Regulation Bestows Greater Powers and Duties on Harbour Masters ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-regulation-bestows-greater-powers-and-duties-on-harbour-masters</link> <description><![CDATA[ The Ministry of Transport has amended the Turkish Ports Regulation ( “Regulation” ) and expanded the duties and powers of Harbour Masters in several ways. The Regulation has attracted particular attention given that it purports to fill in the loopholes as to early sale procedure of vessels, under the Turkish Commercial Code ( “TCC” ) and the Enforcement and Bankruptcy Code ( “EBC” ). Why the Early Sale of Vessels Matters? The early sa <a href='https://www.ersoybilgehan.com/en/publication-detail/new-regulation-bestows-greater-powers-and-duties-on-harbour-masters'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-regulation-bestows-greater-powers-and-duties-on-harbour-masters</guid> <pubDate>2017-05-04</pubDate> </item><item> <title><![CDATA[ Turkish Parliament Ratifies the Arrest Convention 1999 and the Maritime Liens and Mortgages Convention 1993 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-parliament-ratifies-the-arrest-convention-1999-and-the-maritime-liens-and-mortgages-convention-1993</link> <description><![CDATA[ The Turkish Parliament has been on a ratifying spree in the past few weeks and has ratified a large number of international conventions that were on the shelf for a long time. Among the several international conventions related to shipping, two conventions stand out: the International Convention on the Arrest of Ships 1999 (hereinafter to be referred to as the “1999 Convention”) and the International Convention on Maritime Liens and Mortgages <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-parliament-ratifies-the-arrest-convention-1999-and-the-maritime-liens-and-mortgages-convention-1993'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-parliament-ratifies-the-arrest-convention-1999-and-the-maritime-liens-and-mortgages-convention-1993</guid> <pubDate>2017-04-19</pubDate> </item><item> <title><![CDATA[ Turkey Ratifies CMR Protocol Concerning the Use of Electronic Consignment Notes ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-cmr-protocol-concerning-the-use-of-electronic-consignment-notes</link> <description><![CDATA[ The Turkish Parliament has ratified the Additional Protocol to the Convention on the Contract for the International Carriage of Goods by Road (“CMR”) concerning the Electronic Consignment Note (“the Additional Protocol”) on 7 March 2017. Turkey has been a party to the CMR, a United Nations Convention since 1993. The Additional Protocol was added to the CMR Convention in February 2008, rendering possible the use of electronic consignment n <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-cmr-protocol-concerning-the-use-of-electronic-consignment-notes'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-cmr-protocol-concerning-the-use-of-electronic-consignment-notes</guid> <pubDate>2017-04-19</pubDate> </item><item> <title><![CDATA[ MLC 2006 Finally Ratified by Turkey ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/mlc-2006-finally-ratified-by-turkey</link> <description><![CDATA[ MLC 2006 of the International Labour Organisation (“ ILO ”) dated 07 February 2006 has been ratified, declared and published in the Official Gazette numbered 30018 dated 25 March 2017. MLC 2006 was already binding on vessels with Turkish ownership flying the flags of contracting states and required compliance by all vessels that underwent port sate control at the ports of contracting states. Fees and fines were imposed on non-compliant vessel <a href='https://www.ersoybilgehan.com/en/publication-detail/mlc-2006-finally-ratified-by-turkey'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/mlc-2006-finally-ratified-by-turkey</guid> <pubDate>2017-04-10</pubDate> </item><item> <title><![CDATA[ Turkey Ratifies Hong Kong Convention on Ship Recycling ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-hong-kong-convention-on-ship-recycling</link> <description><![CDATA[ The Turkish Parliament has ratified The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (“the Convention”) on 31 March 2017. Turkey had become a signatory to the Convention on 26 August 2010. The field work which constitutes the foundation of the Convention has been carried out and the Turkish ship recycling facilities have been examined by international organisations. According to information obta <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-hong-kong-convention-on-ship-recycling'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-hong-kong-convention-on-ship-recycling</guid> <pubDate>2017-03-31</pubDate> </item><item> <title><![CDATA[ Parliament Introduces New Legislation To Strengthen the Turkish Flag ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-introduces-new-legislation-to-strengthen-the-turkish-flag</link> <description><![CDATA[ A new omnibus legislation was published in the Official Gazette on 27 January 2017 expanding the scope of the applicable tax exemptions for vessels and yachts that are registered with the Turkish Sip Registries. The legislation aims to foster both the initial registration with the Turkish International Ship Registry (“TISR”) and transfer from foreign flags to the Turkish flag by providing financial benefits to foreign and Turkish shipowners. <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-introduces-new-legislation-to-strengthen-the-turkish-flag'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-introduces-new-legislation-to-strengthen-the-turkish-flag</guid> <pubDate>2017-02-17</pubDate> </item><item> <title><![CDATA[ The Government Increases the Threshold for Stamp Tax Liability ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-government-increases-the-threshold-for-stamp-tax-liability</link> <description><![CDATA[ We refer to our detailed article [1]&nbsp;on the amendments to the Law on Stamp Duty published on our website and bring to your attention a further update on the same subject matter. A Communiqué (No: 61 on the Law on Stamp Duty) was published in the official gazette dated 27 December 2016 and numbered 29931 increasing the ceiling for stamp duty payable on certain documents. According to the Communiqué, as of 01 January 2017, the ceiling of the <a href='https://www.ersoybilgehan.com/en/publication-detail/the-government-increases-the-threshold-for-stamp-tax-liability'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-government-increases-the-threshold-for-stamp-tax-liability</guid> <pubDate>2017-02-07</pubDate> </item><item> <title><![CDATA[ The European List Published: Only Facilities Contained in the List Can Recycle Ships Flying the Flag of an EU Member State ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-european-list-published-only-facilities-contained-in-the-list-can-recycle-ships-flying-the-flag-of-an-eu-member-state</link> <description><![CDATA[ As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (the “Hong Kong Convention”) is yet to enter into force, the European Union (“EU”) has surpassed the Hong Kong Convention in implementing controls and criteria applicable to ships and ship recycling facilities with the Regulation (EU) No 1257/2013 (the “Regulation”). The aim of the Regulation is to facilitate early ratification of the H <a href='https://www.ersoybilgehan.com/en/publication-detail/the-european-list-published-only-facilities-contained-in-the-list-can-recycle-ships-flying-the-flag-of-an-eu-member-state'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-european-list-published-only-facilities-contained-in-the-list-can-recycle-ships-flying-the-flag-of-an-eu-member-state</guid> <pubDate>2017-01-02</pubDate> </item><item> <title><![CDATA[ Revised Environmental Marine Pollution Fines for 2017 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2017</link> <description><![CDATA[ Pursuant to Article 20 of the Turkish Environmental Code no. 1983 (the “ Code ”), fines are imposed on vessels for causing pollution in Turkish waters through discharge of petroleum products, dirty ballast, garbage and sewage into the sea. The quantum of the fines are determined by a tariff that is revised annually. The tariff below contains the updated rates for the year 2017 and will enter into force on 1 January 2017. 1. Petrol and petrole <a href='https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2017'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/revised-environmental-marine-pollution-fines-for-2017</guid> <pubDate>2016-12-30</pubDate> </item><item> <title><![CDATA[ Marine Surveyors and Survey Companies Will Soon Have To Obtain Operating Licences or Face Sanctions ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/marine-surveyors-and-survey-companies-will-soon-have-to-obtain-operating-licences-or-face-sanctions</link> <description><![CDATA[ The Ministry has enacted a new regulation that imposes an obligation on individuals and companies acting as marine surveyors to obtain an operating licence. The Regulation of Surveying Services in Maritime Commerce ( “Regulation” ) has been enacted by the Ministry of Transport, Maritime Affairs and Communication and published in the Official Gazette on 16 December 2016. The Regulation governs the performance of surveying services in relation <a href='https://www.ersoybilgehan.com/en/publication-detail/marine-surveyors-and-survey-companies-will-soon-have-to-obtain-operating-licences-or-face-sanctions'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/marine-surveyors-and-survey-companies-will-soon-have-to-obtain-operating-licences-or-face-sanctions</guid> <pubDate>2016-12-23</pubDate> </item><item> <title><![CDATA[ Parliament Enacts the New Law on Pledges of Movable Property in Commercial Transactions with Minor Amendments on the Draft Law ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-enacts-the-new-law-on-pledges-of-movable-property-in-commercial-transactions-with-minor-amendments-on-the-draft-law</link> <description><![CDATA[ The Law on Pledges of Movable Property in Commercial Transactions numbered 6750 (the “ Law ”) has been enacted by the Grand National Assembly of Turkey on 20 October 2016 and published in the Official Gazette dated 28 October 2016. The Law will come into force on 1 January 2017. The date of establishment of the registry for pledges of movable property (the “ Registry ”) still remains ambiguous, but the changes noted in our article dated 2 <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-enacts-the-new-law-on-pledges-of-movable-property-in-commercial-transactions-with-minor-amendments-on-the-draft-law'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-enacts-the-new-law-on-pledges-of-movable-property-in-commercial-transactions-with-minor-amendments-on-the-draft-law</guid> <pubDate>2016-11-14</pubDate> </item><item> <title><![CDATA[ Reforms to the Law on Pledges of Movable Property: Business Enterprises in Turkey Expected to Enjoy Easier Access to Finance Sources ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/reforms-to-the-law-on-pledges-of-movable-property-business-enterprises-in-turkey-expected-to-enjoy-easier-access-to-finance-sources</link> <description><![CDATA[ In recent years, Turkey has witnessed the enactment of various legislative instruments aimed at preventing the global economic crisis affecting the stability of the Turkish economy and contributing toward its consistent growth. The Draft Law on Pledges of Movable Property in Commercial Transactions (the “ Draft Law ”) is the most recent piece of legislation prepared with this purpose in mind. The Draft Law was submitted to the Presidency of t <a href='https://www.ersoybilgehan.com/en/publication-detail/reforms-to-the-law-on-pledges-of-movable-property-business-enterprises-in-turkey-expected-to-enjoy-easier-access-to-finance-sources'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/reforms-to-the-law-on-pledges-of-movable-property-business-enterprises-in-turkey-expected-to-enjoy-easier-access-to-finance-sources</guid> <pubDate>2016-10-24</pubDate> </item><item> <title><![CDATA[ Turkish Law Remedies for Owners against Time Charterers in Default ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-law-remedies-for-owners-against-time-charterers-in-default</link> <description><![CDATA[ The shipping industry was faced with the largest container shipping bankruptcy with Hanjin filing for bankruptcy protection on 31 August 2016. In addition to the global effects triggered by the bankruptcy, the Turkish market was directly effected as a number of vessels owned by Turkish shipowners were on time-charter to Hanjin. Our practice has in the past few months observed a significant increase in work related to the repudiation of time-chart <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-law-remedies-for-owners-against-time-charterers-in-default'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-law-remedies-for-owners-against-time-charterers-in-default</guid> <pubDate>2016-10-18</pubDate> </item><item> <title><![CDATA[ Data Protection Law is now fully effective, the Parliament elects the first members of the Data Protection Board ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-law-is-now-fully-effective-the-parliament-elects-the-first-members-of-the-data-protection-board</link> <description><![CDATA[ The Law on the Protection of Personal Data (“ Data Protection Law ”) is fully effective as of today. This means that the articles relating to (i) transfer of personal data, (ii) rights of the data subject, (iii) data controllers’ registry, (iv) administrative fines, and (v) criminal penalties are now in force. Please see below our articles for detailed information regarding the Data Protection Law: Our article that briefly examines the Data <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-law-is-now-fully-effective-the-parliament-elects-the-first-members-of-the-data-protection-board'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-law-is-now-fully-effective-the-parliament-elects-the-first-members-of-the-data-protection-board</guid> <pubDate>2016-10-07</pubDate> </item><item> <title><![CDATA[ Turkey Attempts to Rehabilitate the Economic Climate by Introducing Reforms to the Law on Stamp Duty ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-attempts-to-rehabilitate-the-economic-climate-by-introducing-reforms-to-the-law-on-stamp-duty</link> <description><![CDATA[ The long-awaited Law on the Amendments to Certain Legislations for the Enhancement of the Investment Environment numbered 6728 (the “ LEIE ”) was enacted on 15 July 2016, and has entered into force on 9 August 2016 pursuant to its announcement in the official gazette. The LEIE has introduced significant changes to the provisions of several laws, including the Turkish Commercial Code, the Execution and Bankruptcy Law, the Law on Cheques and se <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-attempts-to-rehabilitate-the-economic-climate-by-introducing-reforms-to-the-law-on-stamp-duty'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-attempts-to-rehabilitate-the-economic-climate-by-introducing-reforms-to-the-law-on-stamp-duty</guid> <pubDate>2016-10-03</pubDate> </item><item> <title><![CDATA[ Data Protection Law becomes fully effective in just over a week, administrative fines can reach as high as TRY 1,000,000 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/data-protection-law-becomes-fully-effective-in-just-over-a-week-administrative-fines-can-reach-as-high-as-try-1000000</link> <description><![CDATA[ As our readers will recall from our article dated 11 April 2016 , the Law on the Protection of Personal Data (“ Data Protection Law ”) was published in the Official Gazette on 7 April 2016 and stipulated a gradual entry into force, providing for a six-month period before the articles relating to (i) transfer of personal data, (ii) rights of the data subject, (iii) data controllers’ registry, (iv) administrative fines, and (v) criminal penal <a href='https://www.ersoybilgehan.com/en/publication-detail/data-protection-law-becomes-fully-effective-in-just-over-a-week-administrative-fines-can-reach-as-high-as-try-1000000'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/data-protection-law-becomes-fully-effective-in-just-over-a-week-administrative-fines-can-reach-as-high-as-try-1000000</guid> <pubDate>2016-09-28</pubDate> </item><item> <title><![CDATA[ ErsoyBilgehan contributes to the Turkey chapter of The Aviation Law Review, 4th Edition, 2016 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-turkey-chapter-of-the-aviation-law-review-4th-edition-2016</link> <description><![CDATA[ Our firm has contributed to the Turkey chapter of The Aviation Law Review, 4th Edition, 2016 prepared by Law Business Research. The Law Reviews are high-quality, hardback books published annually by Law Business Research Ltd. The contributors to the series are all carefully selected local experts in their fields of practice. Please click here to read the Turkey chapter of The Aviation Law Review, 4th Edition, 2016. The Aviation Law Review is avai <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-turkey-chapter-of-the-aviation-law-review-4th-edition-2016'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-turkey-chapter-of-the-aviation-law-review-4th-edition-2016</guid> <pubDate>2016-09-23</pubDate> </item><item> <title><![CDATA[ International Comparative Legal Guides to: Data Protection 2016 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/international-comparative-legal-guides-to-data-protection-2016</link> <description><![CDATA[ Our readers will recall that ErsoyBilgehan has contributed to the Turkey chapter of International Comparative Legal Guides (“ ICLG ”) to Data Protection prepared by the Global Legal Group. The ICLG series provides current and practical comparative legal information on a range of practice areas and it follows a question and answer format which ensures thorough coverage of each topic within different legal systems worldwide. The ICLG to Data Pr <a href='https://www.ersoybilgehan.com/en/publication-detail/international-comparative-legal-guides-to-data-protection-2016'>More...</a> ]]> </description> <author><![CDATA[Zihni BİLGEHAN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/international-comparative-legal-guides-to-data-protection-2016</guid> <pubDate>2016-08-22</pubDate> </item><item> <title><![CDATA[ PRIVATE EMPLOYMENT AGENCIES ARE NOW AUTHORIZED TO PROVIDE TEMPORARY WORKERS ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/private-employment-agencies-are-now-authorized-to-provide-temporary-workers</link> <description><![CDATA[ The Labour Code numbered 4857 has been amended with the “Law Amending the Labour Law and Turkish Labour Agency Law” (“ Amending Law ”) numbered 6715 adopted on 06.05.2016. Despite the opposition of labour unions, the Amending Law has been ratified by the Turkish Grand National Assembly and published in the Official Gazette on 20.05.2016, which opened a new era for outsourcing personnel by bringing in the legitimacy required by the employm <a href='https://www.ersoybilgehan.com/en/publication-detail/private-employment-agencies-are-now-authorized-to-provide-temporary-workers'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/private-employment-agencies-are-now-authorized-to-provide-temporary-workers</guid> <pubDate>2016-08-11</pubDate> </item><item> <title><![CDATA[ New Regional Appeal Courts Now Operational ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-regional-appeal-courts-now-operational</link> <description><![CDATA[ Prior to 20 July 2016, appeals from the decisions of the first instance courts were made to the Court of Appeal in Ankara. This caused a very heavy workload for the Court of Appeal. To overcome this and in the interest of easing the pressure on the Appeal Court, it was decided to create Regional Courts of Appeal (“ RCA ”). To that end the legislator enacted the Law No. 5235 on the Establishment and Authorities of the Civil First Instance Cour <a href='https://www.ersoybilgehan.com/en/publication-detail/new-regional-appeal-courts-now-operational'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-regional-appeal-courts-now-operational</guid> <pubDate>2016-08-01</pubDate> </item><item> <title><![CDATA[ ErsoyBilgehan Contributes to the Turkey Chapter of International Comparative Legal Guides to Data Protection ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-turkey-chapter-of-international-comparative-legal-guides-to-data-protection</link> <description><![CDATA[ Our firm has contributed to the Turkey chapter of International Comparative Legal Guides (“ ICLG ”) to Data Protection prepared by the Global Legal Group. The ICLG series provides current and practical comparative legal information on a range of practice areas and it follows a question and answer format which ensures thorough coverage of each topic within different legal systems worldwide. The ICLG to Data Protection 2016 provides a practical <a href='https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-turkey-chapter-of-international-comparative-legal-guides-to-data-protection'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ersoybilgehan-contributes-to-the-turkey-chapter-of-international-comparative-legal-guides-to-data-protection</guid> <pubDate>2016-07-11</pubDate> </item><item> <title><![CDATA[ Webinar on Data Protection in Turkey: New Framework Law in Comparison with the EU Directive 95/46 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/webinar-on-data-protection-in-turkey-new-framework-law-in-comparison-with-the-eu-directive-9546</link> <description><![CDATA[ On 7 April 2016, the Turkish Law on the Protection of Personal Data (the " New Law ") has entered into force upon its publication in the Official Gazette. Whereas Turkish data protection law previously depended on scattered provisions of privacy in various codes and regulations, the New Law will provide the general framework for the protection of personal data henceforth. About This Webinar During this session, we will provide an overview of the <a href='https://www.ersoybilgehan.com/en/publication-detail/webinar-on-data-protection-in-turkey-new-framework-law-in-comparison-with-the-eu-directive-9546'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/webinar-on-data-protection-in-turkey-new-framework-law-in-comparison-with-the-eu-directive-9546</guid> <pubDate>2016-06-27</pubDate> </item><item> <title><![CDATA[ New Parental Leave Rights under the Amended Labour Code ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-parental-leave-rights-under-the-amended-labour-code</link> <description><![CDATA[ The Labour Code numbered 4857 has been amended with the Amending Law numbered 6663 adopted on 29.01.2016, which was published in the official gazette dated 10.02.2016 and numbered 29620. The changes brought as to the parental rights of the employees are attention grabbing as they expand the scope of the entitlements of the new parents. In simple terms, the reform relating Labour Code numbered 4857 relates to (i) the right of the father to use the <a href='https://www.ersoybilgehan.com/en/publication-detail/new-parental-leave-rights-under-the-amended-labour-code'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-parental-leave-rights-under-the-amended-labour-code</guid> <pubDate>2016-06-22</pubDate> </item><item> <title><![CDATA[ Turkey Ratifies the Additional Protocol to the Convention no. 108 on Data Protection ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-the-additional-protocol-to-the-convention-no-108-on-data-protection</link> <description><![CDATA[ Our readers will recall from our previous Client Alert dated 4 April 2016 that the Turkish Parliament finally passed the long-awaited Law on the Protection of Personal Data (the “Law”), following its ratification of the Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data numbered 108 (“Convention”) in March. It continues to be a dynamic year in terms of data protection for Turkey since after o <a href='https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-the-additional-protocol-to-the-convention-no-108-on-data-protection'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkey-ratifies-the-additional-protocol-to-the-convention-no-108-on-data-protection</guid> <pubDate>2016-05-17</pubDate> </item><item> <title><![CDATA[ A New Era for Data Protection in Turkey: The Law on the Protection of Personal Data Enters into Force ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/a-new-era-for-data-protection-in-turkey-the-law-on-the-protection-of-personal-data-enters-into-force</link> <description><![CDATA[ As we have indicated in our previous Client Alert dated 4 April 2016 , Turkish Parliament finally passed the long-awaited Law on the Protection of Personal Data last week (the “ Law ”), following its ratification of the Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data numbered 108 (“ Convention ”) last month. On 7 April 2016, the Law has entered into force upon its publication in the Offici <a href='https://www.ersoybilgehan.com/en/publication-detail/a-new-era-for-data-protection-in-turkey-the-law-on-the-protection-of-personal-data-enters-into-force'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/a-new-era-for-data-protection-in-turkey-the-law-on-the-protection-of-personal-data-enters-into-force</guid> <pubDate>2016-04-11</pubDate> </item><item> <title><![CDATA[ Parliament Finally Passes the Long Awaited Data Protection Law ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-passes-the-long-awaited-data-protection-law</link> <description><![CDATA[ The Turkish Parliament finally passed the long-awaited Law on the Protection of Personal Data which is to set forth the general framework on data protection and it currently awaits for presidential approval before being published in the Official Gazette. Meanwhile, we would like to provide an overview of the data protection landscape in Turkey before the framework data protection law enters into force. At present, Turkish data protection landscap <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-passes-the-long-awaited-data-protection-law'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-passes-the-long-awaited-data-protection-law</guid> <pubDate>2016-04-04</pubDate> </item><item> <title><![CDATA[ Council of Ministers Reduces Threshold for Mandatory Independent Audits ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/council-of-ministers-reduces-threshold-for-mandatory-independent-audits</link> <description><![CDATA[ Companies subject to mandatory independent audit are determined by the Council of Ministers as per the Turkish Code of Commerce (“ TCC ”) Art.397. Following the promulgation and coming into force of the TCC on 1 July 2012, the first Decision of the Council of Ministers was issued at the end of the same year [1] , specifying those companies and relevant criteria and thresholds that would be subject to independent audits. These criteria and thr <a href='https://www.ersoybilgehan.com/en/publication-detail/council-of-ministers-reduces-threshold-for-mandatory-independent-audits'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/council-of-ministers-reduces-threshold-for-mandatory-independent-audits</guid> <pubDate>2016-03-25</pubDate> </item><item> <title><![CDATA[ Arbitrator’s Fees Remain Unchanged For Another Year ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/arbitrators-fees-remain-unchanged-for-another-year</link> <description><![CDATA[ The Communique on Tariff of Fees for International Arbitration (the “Communique”) issued by the Ministry of Justice has been published in the official gazette on March 8, 2016. The Communique that will enter into force on March 15, 2016 will regulate the fees applicable to arbitral proceedings commenced pursuant to the Turkish International Arbitration Law (the “TIAL”). The tariff of fees determined by the Communique, which remain unchang <a href='https://www.ersoybilgehan.com/en/publication-detail/arbitrators-fees-remain-unchanged-for-another-year'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/arbitrators-fees-remain-unchanged-for-another-year</guid> <pubDate>2016-03-09</pubDate> </item><item> <title><![CDATA[ Distributor and Lube Oil Licences Expanded to Include the Processing of Waste Lube Oils ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/distributor-and-lube-oil-licences-expanded-to-include-the-processing-of-waste-lube-oils</link> <description><![CDATA[ The Petroleum Market Licensing Regulation (the “ Regulation ”) has recently been amended to extend the scope of activities that can be conducted by distributor and lube oil license holders. This was an expected development since the draft amendments were shared with the industry a few months ago by the Energy Market Regulatory Authority to seek opinions. Pursuant to the additions and amendments made to the relevant articles of the Regulation, <a href='https://www.ersoybilgehan.com/en/publication-detail/distributor-and-lube-oil-licences-expanded-to-include-the-processing-of-waste-lube-oils'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/distributor-and-lube-oil-licences-expanded-to-include-the-processing-of-waste-lube-oils</guid> <pubDate>2016-01-26</pubDate> </item><item> <title><![CDATA[ Termination of Employment Agreements in Light of Art. 435 of the Code of Obligations no. 6098 ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/termination-of-employment-agreements-in-light-of-art-435-of-the-code-of-obligations-no-6098</link> <description><![CDATA[ It has long been established in the Turkish labour law under art. 109 of the Turkish Labour Code no. 4857 that all notifications under the Labour Code must be made in written form, including the notices of termination of employment agreements. Notwithstanding this, the Code does not declare every termination invalid in the absence of a written notice per se. The type of termination has an important role in determining whether a written notice is <a href='https://www.ersoybilgehan.com/en/publication-detail/termination-of-employment-agreements-in-light-of-art-435-of-the-code-of-obligations-no-6098'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/termination-of-employment-agreements-in-light-of-art-435-of-the-code-of-obligations-no-6098</guid> <pubDate>2016-01-22</pubDate> </item><item> <title><![CDATA[ Distribution of Interim (Advance) Dividends ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/distribution-of-interim-advance-dividends</link> <description><![CDATA[ The Turkish Code of Commerce (“TCC”) Art.509 on dividends provides that, while the dividends can be distributed from net period profits and free reserves, the distribution of “advance dividends” shall be regulated by a communiqué to be issued by the Ministry of Customs and Commerce. This communiqué shall apply to those joint stock companies not subject to the capital markets regulations, limited liability companies and limited partnersh <a href='https://www.ersoybilgehan.com/en/publication-detail/distribution-of-interim-advance-dividends'>More...</a> ]]> </description> <author><![CDATA[İlknur PEKŞEN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/distribution-of-interim-advance-dividends</guid> <pubDate>2015-12-01</pubDate> </item><item> <title><![CDATA[ Q&A on the Enforcement of Foreign Judgments/Awards in Turkey ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/qa-on-the-enforcement-of-foreign-judgmentsawards-in-turkey</link> <description><![CDATA[ In order for a foreign judgment or an arbitral award to be enforced in Turkey, certain enforcement procedures must be executed. Even though the procedure itself seems to be straight forward, applicants need to overcome some hurdles before gaining enforceability. In this article, the ins-and-outs of the enforcement procedure will be explained in the form of answers to frequently asked questions Q: Can a judgment/award rendered in a foreign forum b <a href='https://www.ersoybilgehan.com/en/publication-detail/qa-on-the-enforcement-of-foreign-judgmentsawards-in-turkey'>More...</a> ]]> </description> <author><![CDATA[M. Raci ALPER]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/qa-on-the-enforcement-of-foreign-judgmentsawards-in-turkey</guid> <pubDate>2015-10-01</pubDate> </item><item> <title><![CDATA[ Recently Published Regulation Sets the Legal Standards for Consumer Loan Agreements ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/recently-published-regulation-sets-the-legal-standards-for-consumer-loan-agreements</link> <description><![CDATA[ The Regulation on Consumer Loan Agreements was published in the Official Gazette dated May 22, 2015 (“Regulation”) . Legal standards applicable to consumer loan agreements (“Agreement”) have been regulated in detail under the Regulation. However, it is important to note that the Regulation will not be applicable to: • Housing finance agreements, • Overdraft account agreements requiring repayment of the loan within 30 days, and • Non <a href='https://www.ersoybilgehan.com/en/publication-detail/recently-published-regulation-sets-the-legal-standards-for-consumer-loan-agreements'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/recently-published-regulation-sets-the-legal-standards-for-consumer-loan-agreements</guid> <pubDate>2015-06-01</pubDate> </item><item> <title><![CDATA[ Legality of Strikes and Rights of Employers in Turkey ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/legality-of-strikes-and-rights-of-employers-in-turkey</link> <description><![CDATA[ The recent strikes that occurred in the Turkish metal industry have raised questions about whether these strikes were “legal” or “illegal”, and what the employers’ rights would be, when faced with such cases. The Law and Legislative History The (previous) Law no.2821 on Trade Unions and Law no.2822 on Collective Agreements had first been brought into effect right after the 1980 coup d’état and the subsequent referendum and promulgati <a href='https://www.ersoybilgehan.com/en/publication-detail/legality-of-strikes-and-rights-of-employers-in-turkey'>More...</a> ]]> </description> <author><![CDATA[İlknur PEKŞEN]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/legality-of-strikes-and-rights-of-employers-in-turkey</guid> <pubDate>2015-06-01</pubDate> </item><item> <title><![CDATA[ Regulation on Housing Finance Agreements Shall Henceforth Apply to Housing Finance Transactions ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/regulation-on-housing-finance-agreements-shall-henceforth-apply-to-housing-finance-transactions</link> <description><![CDATA[ The Regulation on Housing Finance Agreements was published in the Official Gazette dated May 28, 2015 (the “Regulation”) , right after the Regulation on Consumer Loan Agreements (“Consumer Loan Regulation”) given that the Consumer Loan Regulation does not apply to housing finance agreements (“Agreement”) . The Regulation and the Consumer Loan Regulation is similar in many aspects. However, there are some provisions under the Regulatio <a href='https://www.ersoybilgehan.com/en/publication-detail/regulation-on-housing-finance-agreements-shall-henceforth-apply-to-housing-finance-transactions'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/regulation-on-housing-finance-agreements-shall-henceforth-apply-to-housing-finance-transactions</guid> <pubDate>2015-06-01</pubDate> </item><item> <title><![CDATA[ License Holders Will Need to Submit a Letter of Guarantee to the Energy Markets Regulation Authority to Obtain National Markers ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/license-holders-will-need-to-submit-a-letter-of-guarantee-to-the-energy-markets-regulation-authority-to-obtain-national-markers</link> <description><![CDATA[ Recently, the Energy Markets Regulation Authority (“EMRA”) amended the Regulation on Implementation of National Markers in Petroleum Market (“Regulation”) by means of issuing a new regulation which was published in the Official Gazette dated June 12, 2015 (“Amending Regulation”) . According to the Regulation, all petroleum products need to contain the national marker, a chemical substance which the licensees are obliged to use for ver <a href='https://www.ersoybilgehan.com/en/publication-detail/license-holders-will-need-to-submit-a-letter-of-guarantee-to-the-energy-markets-regulation-authority-to-obtain-national-markers'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/license-holders-will-need-to-submit-a-letter-of-guarantee-to-the-energy-markets-regulation-authority-to-obtain-national-markers</guid> <pubDate>2015-06-01</pubDate> </item><item> <title><![CDATA[ May 1st: E-Commerce Law Entered Into Force ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/may-1st-e-commerce-law-entered-into-force</link> <description><![CDATA[ With reference to the Newsletter published in our website on November 2014 titled “Parliament Finally Approves E-Commerce Law”, the Law on Electronic Commerce (“Law”) entered into force on May 1, 2015. It is worth noting that, Article 6/1 of the Law stipulates that commercial electronic messages can now only be sent with prior consent of the recipient. But once the recipient provides its contact details, then no more consent shall be nece <a href='https://www.ersoybilgehan.com/en/publication-detail/may-1st-e-commerce-law-entered-into-force'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/may-1st-e-commerce-law-entered-into-force</guid> <pubDate>2015-05-01</pubDate> </item><item> <title><![CDATA[ Turkish Parliament Finally Takes Step to Regulate Shopping Malls and Retail Trade ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/turkish-parliament-finally-takes-step-to-regulate-shopping-malls-and-retail-trade</link> <description><![CDATA[ Turkey’s history of shopping malls go back as early as 1988 and the country saw a shopping mall boom since early 2000s. The parliament now addresses the lack of legislation on shopping malls through the Code on Regulation of Retail Trade (“Law”) which came into force on January 29, 2015. Often used terms such as shopping mall, big-box store, chain store, franchises and store brands are legally defined for the first time. PERBIS is an electr <a href='https://www.ersoybilgehan.com/en/publication-detail/turkish-parliament-finally-takes-step-to-regulate-shopping-malls-and-retail-trade'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/turkish-parliament-finally-takes-step-to-regulate-shopping-malls-and-retail-trade</guid> <pubDate>2015-04-01</pubDate> </item><item> <title><![CDATA[ The Council of Ministers Introduces Important Changes to Incentives in Certain Investments ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-council-of-ministers-introduces-important-changes-to-incentives-in-certain-investments</link> <description><![CDATA[ The Council of Ministers has implemented some changes to its decree dated June 06, 2012 regarding state incentives which will be provided to certain investments (“Decree”) through its decree published in the Official Gazette dated April 08, 2015 (“Amending Decree”) . Pursuant to the Decree, import of machinery and equipment can be permitted for investments for which an incentive application has been filed even if an incentive certificate <a href='https://www.ersoybilgehan.com/en/publication-detail/the-council-of-ministers-introduces-important-changes-to-incentives-in-certain-investments'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-council-of-ministers-introduces-important-changes-to-incentives-in-certain-investments</guid> <pubDate>2015-04-01</pubDate> </item><item> <title><![CDATA[ State to Act as Guarantor for Build-Operate and Transfer Projects ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/state-to-act-as-guarantor-for-build-operate-and-transfer-projects</link> <description><![CDATA[ The Council of Ministers has recently issued a Regulation on Liability Undertakings to be Performed by the Undersecretariat of Treasury (“ Regulation ”). According to the Regulation, (i) build-operate and transfer projects with a minimum investment amount of TRY 1,000,000,000 and (ii) build-lease and transfer projects with a minimum investment amount of TRY 500,000,000 (“Projects”) can now benefit from the liability undertaking which will <a href='https://www.ersoybilgehan.com/en/publication-detail/state-to-act-as-guarantor-for-build-operate-and-transfer-projects'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/state-to-act-as-guarantor-for-build-operate-and-transfer-projects</guid> <pubDate>2015-04-01</pubDate> </item><item> <title><![CDATA[ Istanbul Set to Become the Next Hub for Global Arbitration? ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/istanbul-set-to-become-the-next-hub-for-global-arbitration</link> <description><![CDATA[ The long-awaited Law on Istanbul Arbitration Center (“the Law”) has been passed on November 20, 2014 and entered into force on January 1, 2015. The enactment of the Law is part of the Turkish government’s comprehensive plan to support the Turkish economy through new financial reforms in order to establish Turkey as the new international financial center. In Turkey, arbitration is not widely used for domestic disputes. The aim of the Law is <a href='https://www.ersoybilgehan.com/en/publication-detail/istanbul-set-to-become-the-next-hub-for-global-arbitration'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/istanbul-set-to-become-the-next-hub-for-global-arbitration</guid> <pubDate>2015-01-01</pubDate> </item><item> <title><![CDATA[ Three State-Owned Banks are Set to Establish Islamic Finance Units ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/three-state-owned-banks-are-set-to-establish-islamic-finance-units</link> <description><![CDATA[ With more than 600 institutions worldwide and with estimated $ 1.4 trillion Sharia-compliant assets in 2014, Islamic Finance (“participation banking”) market in Turkey keeps growing and such growth is likely to continue in the future. Despite the size and the potential of the Islamic finance market, in 2014, Turkey has only four private participation banks. It is likely that this situation will not remain the same as the Turkish government is <a href='https://www.ersoybilgehan.com/en/publication-detail/three-state-owned-banks-are-set-to-establish-islamic-finance-units'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/three-state-owned-banks-are-set-to-establish-islamic-finance-units</guid> <pubDate>2015-01-01</pubDate> </item><item> <title><![CDATA[ Government Introduces New Environmental Assessment Regulation ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/government-introduces-new-environmental-assessment-regulation</link> <description><![CDATA[ Despite all debates in the parliament between the ruling AK Party and the opposition parties, the new environmental assessment regulation has been published in the Official Gazette dated November 25, 2014 and numbered 29186 (“Regulation”) . The Regulation provides that railroad projects which do not exceed 100 kilometers in length will be exempt from environmental assessment procedures. According to the Regulation, dredging projects which are <a href='https://www.ersoybilgehan.com/en/publication-detail/government-introduces-new-environmental-assessment-regulation'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/government-introduces-new-environmental-assessment-regulation</guid> <pubDate>2015-01-01</pubDate> </item><item> <title><![CDATA[ Borsa Istanbul Is Ready to Offer Its Shares to the Public ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/borsa-istanbul-is-ready-to-offer-its-shares-to-the-public</link> <description><![CDATA[ The Decree on the initial public offering (“IPO”)of Borsa Istanbul Anonim Sirketi (Istanbul Stock Exchange Market) (“Borsa Istanbul”) shares issued by the Council of Ministers has been published in the official gazette on November 14, 2014. According to the Decree, type B share certificates of Borsa Istanbul which are owned by the Undersecreteriat of Treasury will be offered to the public. Shares offered through the IPO will not exceed 42 <a href='https://www.ersoybilgehan.com/en/publication-detail/borsa-istanbul-is-ready-to-offer-its-shares-to-the-public'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/borsa-istanbul-is-ready-to-offer-its-shares-to-the-public</guid> <pubDate>2014-11-01</pubDate> </item><item> <title><![CDATA[ Parliament Finally Approves E-Commerce Law ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-approves-e-commerce-law</link> <description><![CDATA[ The Law on Electronic Commerce (“the Law”) which has been pending for approval by the Turkish Parliament for the past 3 years has finally been passed on October 23, 2014. However, the Law will enter into force as of May 1, 2015. The aim of the Law is to harmonize the Turkish ecommerce legislation with the Directive 2000/31/EC of the European Parliament and of the Council on Certain Legal Aspects of Information Society Services, in Particular <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-approves-e-commerce-law'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-finally-approves-e-commerce-law</guid> <pubDate>2014-11-01</pubDate> </item><item> <title><![CDATA[ New Changes Brought to the Environmental Permission and Licenses in Accordance With the Turkish Environmental Law ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-changes-brought-to-the-environmental-permission-and-licenses-in-accordance-with-the-turkish-environmental-law</link> <description><![CDATA[ The Ministry of Environment and Urban Planning has recently issued a Regulation on Environmental Permission and Licenses (“ the Regulation ”), rendering the previous regulation dated April 29, 2009 (“the Repelled Regulation ”) obsolete. The Regulation will be in force as of November 1, 2014. Although there has been several changes within the groups (categorized in accordance with the amount of environmental pollution caused by each busine <a href='https://www.ersoybilgehan.com/en/publication-detail/new-changes-brought-to-the-environmental-permission-and-licenses-in-accordance-with-the-turkish-environmental-law'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-changes-brought-to-the-environmental-permission-and-licenses-in-accordance-with-the-turkish-environmental-law</guid> <pubDate>2014-10-01</pubDate> </item><item> <title><![CDATA[ The Turkish Constitutional Court Rules on Controversial Omnibus Bill Provisions ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-turkish-constitutional-court-rules-on-controversial-omnibus-bill-provisions</link> <description><![CDATA[ Our Client Alert dated September 2014 entitled “The New Omnibus Bill Entered into Force” identified and explained the provisions implemented by the New Omnibus Bill (“ Omnibus Bill ”). As mentioned in the aforementioned Client Alert, an appeal was filed to the Turkish Constitutional Court against some of the provisions introduced by the Omnibus Bill. The Turkish Constitutional Court (“ Constitutional Court ”) has cancelled 5 articles <a href='https://www.ersoybilgehan.com/en/publication-detail/the-turkish-constitutional-court-rules-on-controversial-omnibus-bill-provisions'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-turkish-constitutional-court-rules-on-controversial-omnibus-bill-provisions</guid> <pubDate>2014-10-01</pubDate> </item><item> <title><![CDATA[ Istanbul Chamber of Commerce ("ITO") Clarifies Procedures for Delegation of Board Authority ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/istanbul-chamber-of-commerce-ito-clarifies-procedures-for-delegation-of-board-authority</link> <description><![CDATA[ As mentioned in our previous Client Alert “The New Omnibus Bill Entered Into Force”, the Omnibus Bill numbered 6552 (“ Omnibus Bill ”) has amended many laws and regulations including some articles of the Turkish Commercial Code (“ TCC” ). Accordingly, corporations, in order to transfer the representation authority from the Board of Directors (“ BoD ”) to other members of the BoD who are not authorized to represent the corporation, <a href='https://www.ersoybilgehan.com/en/publication-detail/istanbul-chamber-of-commerce-ito-clarifies-procedures-for-delegation-of-board-authority'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/istanbul-chamber-of-commerce-ito-clarifies-procedures-for-delegation-of-board-authority</guid> <pubDate>2014-10-01</pubDate> </item><item> <title><![CDATA[ The New Omnibus Bill Entered Into Force ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-new-omnibus-bill-entered-into-force</link> <description><![CDATA[ The omnibus bill numbered 6552 (“Omnibus Bill”) has been published in the Official Gazette dated September 11, 2014. Contents of the Omnibus Bill has caused controversy and debate between the ruling AK Party and the opposition Republican People’s Party (“ CHP ”). The Omnibus Bill has amended the Law on Regulation of Publications on the Internet and Suppression of Crimes Committed by Means of such Publications numbered 5651 (“ Internet <a href='https://www.ersoybilgehan.com/en/publication-detail/the-new-omnibus-bill-entered-into-force'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-new-omnibus-bill-entered-into-force</guid> <pubDate>2014-09-01</pubDate> </item><item> <title><![CDATA[ BRSA Ends Uncertainties in the Law About Payment and Electronic Money Organizations ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/brsa-ends-uncertainties-in-the-law-about-payment-and-electronic-money-organizations</link> <description><![CDATA[ As mentioned under the Newsletter published in our website back in September 2013 titled “New Law on Payment &amp; Security Reconciliation Systems, Payment Services and Electronic Money Organisations”, there were some uncertainties with respect to the Law on Payment and Security Reconciliation Systems, Payment Services and Electronic Money Organizations numbered 6493 (“ Law ”) given the absence of its secondary legislation. The Banking Re <a href='https://www.ersoybilgehan.com/en/publication-detail/brsa-ends-uncertainties-in-the-law-about-payment-and-electronic-money-organizations'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/brsa-ends-uncertainties-in-the-law-about-payment-and-electronic-money-organizations</guid> <pubDate>2014-09-01</pubDate> </item><item> <title><![CDATA[ July 1st: Deadline for Articles of Association Compliance ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/july-1st-deadline-for-articles-of-association-compliance</link> <description><![CDATA[ July 01, 2014 is the last day for corporations and limited liability companies to have their company agreements compliant with the new Turkish Commercial Code. Pursuant to Article 22/2 of the Law numbered 6103, there is no quorum requirement and simple majority of the votes will suffice to adopt the necessary changes. <a href='https://www.ersoybilgehan.com/en/publication-detail/july-1st-deadline-for-articles-of-association-compliance'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/july-1st-deadline-for-articles-of-association-compliance</guid> <pubDate>2014-06-01</pubDate> </item><item> <title><![CDATA[ The High Council of the Appeal Court Shuts the Door on Appeals Against Rejected Injunction Applications ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-high-council-of-the-appeal-court-shuts-the-door-on-appeals-against-rejected-injunction-applications</link> <description><![CDATA[ Turkish law allows Claimants to seek injunctions over Defendants’ assets by way of preliminary injunction orders issued at pre-litigation stage in order to obtain security for their claims. Since the new Civil Procedures Code numbered 6100 entered into force on 1 October, 2011, there has been a debate amongst the local courts and different chambers of the Court of Appeal on whether decisions rendered by courts on (i) dismissal of applications f <a href='https://www.ersoybilgehan.com/en/publication-detail/the-high-council-of-the-appeal-court-shuts-the-door-on-appeals-against-rejected-injunction-applications'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-high-council-of-the-appeal-court-shuts-the-door-on-appeals-against-rejected-injunction-applications</guid> <pubDate>2014-06-01</pubDate> </item><item> <title><![CDATA[ New Communiqué on Commercial Titles ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-commercial-titles</link> <description><![CDATA[ The Turkish Ministry of Customs and Trade has issued a Communiqué on Commercial Titles (“ Communique ”). The highlights of the Communiqué are as follows: • Words indicating the field of activity and company type can be freely chosen, provided they are in Turkish language. • The commercial title of the companies incorporated for the sole purpose of affiliation with a holding company shall bear the word “Holding”. • The commercial t <a href='https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-commercial-titles'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-commercial-titles</guid> <pubDate>2014-05-01</pubDate> </item><item> <title><![CDATA[ The Cabinet Revises Its Decree on Companies Subject to Independent Audit ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-cabinet-revises-its-decree-on-companies-subject-to-independent-audit</link> <description><![CDATA[ In January 2013, the Council of Ministers had issued a Decree on Determination of Equity Companies Subject to Independent Audit (“ Decree ”). Following the publication of the Decree, approximately 2,500 large scale companies were subjected to independent audit whereas most of the Turkish equity companies fell outside of the scope of independent audit. This led to arguments in terms of corporate governance principles, transparent management an <a href='https://www.ersoybilgehan.com/en/publication-detail/the-cabinet-revises-its-decree-on-companies-subject-to-independent-audit'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-cabinet-revises-its-decree-on-companies-subject-to-independent-audit</guid> <pubDate>2014-04-01</pubDate> </item><item> <title><![CDATA[ Court of Appeal Casts Doubt on Need for Spousal Consent in Personal Guarantees ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/court-of-appeal-casts-doubt-on-need-for-spousal-consent-in-personal-guarantees</link> <description><![CDATA[ We previously reported in our Client Alert of February 2013 that the New Turkish Code of Obligations (the “TCO”), which came into force on 1st July, 2012 introduced major changes to form requirements in relation to personal guarantees. One such major change introduced in Article 584 is that the consent of the spouse of a personal guarantor should be obtained prior to OR, at the latest, at the time of execution of the personal guarantee; other <a href='https://www.ersoybilgehan.com/en/publication-detail/court-of-appeal-casts-doubt-on-need-for-spousal-consent-in-personal-guarantees'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/court-of-appeal-casts-doubt-on-need-for-spousal-consent-in-personal-guarantees</guid> <pubDate>2014-01-01</pubDate> </item><item> <title><![CDATA[ Ruling by the Turkish Revenue Administration on Whether a Manager of a Sole Shareholder Limited Liability Company Can Be Entitled to a Fee ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/ruling-by-the-turkish-revenue-administration-on-whether-a-manager-of-a-sole-shareholder-limited-liability-company-can-be-entitled-to-a-fee</link> <description><![CDATA[ Since the new Turkish Commercial Code has entered into force on July 01, 2012, limited liability companies can now be incorporated with a sole shareholder provided at least one shareholder is among the managers of the company. Therefore, if a limited liability company has one shareholder, then that shareholder will automatically be a manager. In this respect, the Turkish Revenue Administration (“Administration”) has issued a ruling (“Ruling <a href='https://www.ersoybilgehan.com/en/publication-detail/ruling-by-the-turkish-revenue-administration-on-whether-a-manager-of-a-sole-shareholder-limited-liability-company-can-be-entitled-to-a-fee'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/ruling-by-the-turkish-revenue-administration-on-whether-a-manager-of-a-sole-shareholder-limited-liability-company-can-be-entitled-to-a-fee</guid> <pubDate>2013-12-01</pubDate> </item><item> <title><![CDATA[ New Fines Introduced for Non-Compliance ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-fines-introduced-for-non-compliance</link> <description><![CDATA[ Since its entry into force on 10 November, 2006, the Regulation on General Inspection and Certification of Ships (the “Regulation”) has been the principal legislation in respect of issues relation to inspection of ships and their equipment and certificates. This regulation is not only applicable to Turkish vessel alone. It becomes applicable to foreign flagged vessels upon their entry into Turkish waters and ports. Article 57 of the Regulatio <a href='https://www.ersoybilgehan.com/en/publication-detail/new-fines-introduced-for-non-compliance'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-fines-introduced-for-non-compliance</guid> <pubDate>2013-12-01</pubDate> </item><item> <title><![CDATA[ Court of Appeal Opens Door for Cheaper Court Fees on Enforcement Actions ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/court-of-appeal-opens-door-for-cheaper-court-fees-on-enforcement-actions</link> <description><![CDATA[ Turkey, being party to the New York Convention of 1958 and having bilateral agreements or reciprocity with many countries, is a relatively convenient jurisdiction to enforce foreign arbitration awards or court judgments. However, the amount of the court charges that need to be paid to the Turkish court dealing with the enforcement of the foreign arbitration award or court judgment has always been a major deterrent for claimants. The problem stems <a href='https://www.ersoybilgehan.com/en/publication-detail/court-of-appeal-opens-door-for-cheaper-court-fees-on-enforcement-actions'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/court-of-appeal-opens-door-for-cheaper-court-fees-on-enforcement-actions</guid> <pubDate>2013-12-01</pubDate> </item><item> <title><![CDATA[ Changes to the Licensing Process in the New Turkish Electricity Market Legislation ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/changes-to-the-licensing-process-in-the-new-turkish-electricity-market-legislation</link> <description><![CDATA[ The new Electricity Market Law (the “New Law”) that came into force on March 30, 2013 brought some changes to the licensing procedures, especially for the generation licenses. The most important is the introduction of a “preliminary license” procedure in place of the pre-construction phase; a period where the licensees are required to obtain the various permits for their construction and operation, but are banned from share transfers. The <a href='https://www.ersoybilgehan.com/en/publication-detail/changes-to-the-licensing-process-in-the-new-turkish-electricity-market-legislation'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/changes-to-the-licensing-process-in-the-new-turkish-electricity-market-legislation</guid> <pubDate>2013-11-01</pubDate> </item><item> <title><![CDATA[ Parliament Eases on Permit Requirement for Foreign Seamen Working on Board Turkish Flag Vessels ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/parliament-eases-on-permit-requirement-for-foreign-seamen-working-on-board-turkish-flag-vessels</link> <description><![CDATA[ Foreign seamen who are nationals of countries with whom Turkey has bilateral agreements pursuant to the Convention on Standards of Training, Certification and Watchkeeping (“STCW”) are entitled to serve on board Turkish flag vessels by mere endorsement of their seamen books. Otherwise, seamen who are nationals of other countries are obliged to apply for and obtain a work permit or an exemption certificate from the Ministry of Labour in Ankara <a href='https://www.ersoybilgehan.com/en/publication-detail/parliament-eases-on-permit-requirement-for-foreign-seamen-working-on-board-turkish-flag-vessels'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/parliament-eases-on-permit-requirement-for-foreign-seamen-working-on-board-turkish-flag-vessels</guid> <pubDate>2013-11-01</pubDate> </item><item> <title><![CDATA[ Privatization of the Turkish National Lottery Is Once More on the Agenda ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/privatization-of-the-turkish-national-lottery-is-once-more-on-the-agenda</link> <description><![CDATA[ The Turkish Privatisation Administration is planning to (re)start the privatisation process for the National Lottery in the last quarter of 2013. It will be interesting to see how the tender will be structured and whether this time the participants will agree to “raise the pot”. The preparations for the legal basis of the Turkish National Lottery privatisation first began in 2003, by amending the Legislative Decree (No.320 dated 4.4.1988) est <a href='https://www.ersoybilgehan.com/en/publication-detail/privatization-of-the-turkish-national-lottery-is-once-more-on-the-agenda'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/privatization-of-the-turkish-national-lottery-is-once-more-on-the-agenda</guid> <pubDate>2013-10-01</pubDate> </item><item> <title><![CDATA[ The Central Registry Agency Has Announced That It Will Start to Provide Services Regarding the Mandatory Company Websites ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-central-registry-agency-has-announced-that-it-will-start-to-provide-services-regarding-the-mandatory-company-websites</link> <description><![CDATA[ The Central Registry Agency Inc. (“CRA”) has recently issued a letter (“General Letter”) on September 25, 2013 regarding support services to be provided by CRA which is a Central Database Service Provider (“MTHS’’) certified by the Ministry of Customs and Commerce. By way of background, Article 1524 of the Turkish Commercial Code (“TCC”) provides that companies which are subject to independent audit according to Article 397 of t <a href='https://www.ersoybilgehan.com/en/publication-detail/the-central-registry-agency-has-announced-that-it-will-start-to-provide-services-regarding-the-mandatory-company-websites'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-central-registry-agency-has-announced-that-it-will-start-to-provide-services-regarding-the-mandatory-company-websites</guid> <pubDate>2013-10-01</pubDate> </item><item> <title><![CDATA[ When Is an Expert Report Not Necessary If Receivables Are Contributed to Companys Capital? ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/when-is-an-expert-report-not-necessary-if-receivables-are-contributed-to-companys-capital</link> <description><![CDATA[ The capital of a company can be paid in two ways, first by cash injection and second, by contribution in kind, that is any contribution which is permitted by law and not in cash. The Turkish Commercial Code requires the contributions in kind to be appraised by experts appointed by the Court. In practice, this has been causing problems since the courts have been refusing expert appraisal demands where the type of contribution in kind is receivable <a href='https://www.ersoybilgehan.com/en/publication-detail/when-is-an-expert-report-not-necessary-if-receivables-are-contributed-to-companys-capital'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/when-is-an-expert-report-not-necessary-if-receivables-are-contributed-to-companys-capital</guid> <pubDate>2013-10-01</pubDate> </item><item> <title><![CDATA[ Employment: New Precedent Affecting Corporates With Global Offices ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/employment-new-precedent-affecting-corporates-with-global-offices</link> <description><![CDATA[ In a labour dispute, the Court of Appeal recently rendered a judgment which is expected to receive heavy criticism from foreign investors and international groups that have offices in Turkey. Under Turkish Labour Law, termination of employment agreements is subject to a special set of rules if the employer is employing more than 30 employees. One of the most important consequences of being subject to the said set of rules is that the employer wou <a href='https://www.ersoybilgehan.com/en/publication-detail/employment-new-precedent-affecting-corporates-with-global-offices'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/employment-new-precedent-affecting-corporates-with-global-offices</guid> <pubDate>2013-10-01</pubDate> </item><item> <title><![CDATA[ Changes to the Recent Regulation on Company Websites ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/changes-to-the-recent-regulation-on-company-websites</link> <description><![CDATA[ Our readers will recall our Client Alert of June this year titled “Companies Must Now be Online According to The New Website Regulation” commenting on the new requirement for companies to create their own websites brought about by the Regulation on Company Websites (the “ Regulation ’’) adopted by The Ministry of Customs and Trade (“ Ministry ). The Ministry has now introduced changes to that Regulation. The most important change is t <a href='https://www.ersoybilgehan.com/en/publication-detail/changes-to-the-recent-regulation-on-company-websites'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/changes-to-the-recent-regulation-on-company-websites</guid> <pubDate>2013-09-01</pubDate> </item><item> <title><![CDATA[ New Law on Payment & Security Reconciliation Systems, Payment Services and Electronic Money Organisations ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-law-on-payment-security-reconciliation-systems-payment-services-and-electronic-money-organisations</link> <description><![CDATA[ The Law on Payment and Security Reconciliation Systems, Payment Services and Electronic Money Organisations numbered 6493 (the “Law”) has entered into force as of 27 June 2013, upon its publication in the Official Gazette numbered 28690. The Law introduces a new regulatory landscape which covers the principles and procedures of payment and security reconciliation systems, payment services, payment organisations and electronic money organisati <a href='https://www.ersoybilgehan.com/en/publication-detail/new-law-on-payment-security-reconciliation-systems-payment-services-and-electronic-money-organisations'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-law-on-payment-security-reconciliation-systems-payment-services-and-electronic-money-organisations</guid> <pubDate>2013-09-01</pubDate> </item><item> <title><![CDATA[ New Communique on Security Investment Companies ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-security-investment-companies</link> <description><![CDATA[ The Communiqué on Principles Regarding Security Investment Companies (“Communiqué”) has been published in the Official Gazette dated August 29, 2013 and numbered 28750, replacing the former Communiqué dated August 5, 2011 and numbered 28016 (“Repelled Communiqué”). The Repelled Communiqué has categorized the Security Investment Companies (“Company or Companies”) as Group A and Group B Companies depending on how they have invested <a href='https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-security-investment-companies'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-security-investment-companies</guid> <pubDate>2013-09-01</pubDate> </item><item> <title><![CDATA[ Land Registry Records in Turkey Will Henceforth Be Kept Under an Electronic Environment ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/land-registry-records-in-turkey-will-henceforth-be-kept-under-an-electronic-environment</link> <description><![CDATA[ The new Land Registry Communiqué (“ Communique ”) has been issued by virtue of the Resolution of the Council of Ministers dated July 22, 2013. The Communiqué was issued in the Official Gazette dated August 17, 2013 and introduced a new concept to the Turkish legislation namely Land Registry and Cadaster Information System (“ TAKBIS ”). However, there were no reference to TAKBIS under the repelled Land Registry Communiqué (“Repelled C <a href='https://www.ersoybilgehan.com/en/publication-detail/land-registry-records-in-turkey-will-henceforth-be-kept-under-an-electronic-environment'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/land-registry-records-in-turkey-will-henceforth-be-kept-under-an-electronic-environment</guid> <pubDate>2013-08-01</pubDate> </item><item> <title><![CDATA[ Appointment of Independent Auditors for Corporations Which Are Not Subject to Independent Audit ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/appointment-of-independent-auditors-for-corporations-which-are-not-subject-to-independent-audit</link> <description><![CDATA[ The General Directorate of Domestic Trade (“ General Directorate ”) has recently issued a circular with respect to the Law on Amendments to the Customs Law and Other Laws and Statutory Decrees (“ Law ”) dated April 11, 2013 and numbered 6455. This circular was issued since Article 80 of the Law has amended Article 397 of the Turkish Commercial Code numbered 6102 (“ TCC ”). Pursuant to the fourth clause of Article 397 of the TCC, corpo <a href='https://www.ersoybilgehan.com/en/publication-detail/appointment-of-independent-auditors-for-corporations-which-are-not-subject-to-independent-audit'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/appointment-of-independent-auditors-for-corporations-which-are-not-subject-to-independent-audit</guid> <pubDate>2013-08-01</pubDate> </item><item> <title><![CDATA[ New Circulars on (I) Subscription of Receivables as Share Capital Contribution and (Ii) Quorum for Dismissal of a Shareholder From the Partnership ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-circulars-on-i-subscription-of-receivables-as-share-capital-contribution-and-ii-quorum-for-dismissal-of-a-shareholder-from-the-partnership</link> <description><![CDATA[ The General Directorate of Domestic Trade (“General Directorate”) has recently issued two circulars with respect to the Turkish Commercial Code (“TCC”). The first was issued by the General Directorate on 15 July 2013 in which the General Directorate brings clarity to the concept of subscription of receivables as share capital contribution. Article 127 and 128 of the TCC allows the shareholders to subscribe their receivables as share capit <a href='https://www.ersoybilgehan.com/en/publication-detail/new-circulars-on-i-subscription-of-receivables-as-share-capital-contribution-and-ii-quorum-for-dismissal-of-a-shareholder-from-the-partnership'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-circulars-on-i-subscription-of-receivables-as-share-capital-contribution-and-ii-quorum-for-dismissal-of-a-shareholder-from-the-partnership</guid> <pubDate>2013-08-01</pubDate> </item><item> <title><![CDATA[ Communiqué on Prospectus and Certificate of Issue ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/communique-on-prospectus-and-certificate-of-issue</link> <description><![CDATA[ The Communique on Prospectus and Certificate of Issue (the “Communique”) has been published in the Official Gazette dated June 22, 2013 and numbered 28685. The Communiqué provides certain flexibilities to the issuers by allowing the prospectus which will be prepared for issuance of capital markets instruments or trading on stock exchange thereof to consist of either a single document or multiple documents. The Communiqué mandates that a cer <a href='https://www.ersoybilgehan.com/en/publication-detail/communique-on-prospectus-and-certificate-of-issue'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/communique-on-prospectus-and-certificate-of-issue</guid> <pubDate>2013-07-01</pubDate> </item><item> <title><![CDATA[ The Share Communiqué ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-share-communique</link> <description><![CDATA[ Previously, capital market instruments issued had to be registered. This has been replaced by the new Capital Markets Law dated December 30, 2012 and numbered 6362 (the “Law”). The new system requires that prospectus of capital market instruments issued shall have to be approved by the Capital Markets Board (“CMB”). The Law allows issuing of shares at a price under their nominal value and new practices protecting the investors have been i <a href='https://www.ersoybilgehan.com/en/publication-detail/the-share-communique'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-share-communique</guid> <pubDate>2013-07-01</pubDate> </item><item> <title><![CDATA[ Important Changes on Company Agreements and Electronic General Assembly System ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/important-changes-on-company-agreements-and-electronic-general-assembly-system</link> <description><![CDATA[ The Communiqué Regarding Extension Of The Deadline For The Limited Liability Companies And Corporations To Amend Their Company Agreements In Compliance With The Turkish Commercial Code (the “ Communique ”) has entered into force on June 29, 2013. The Communique has amended Article 22 of the Law on the Validity and Application of the Turkish Commercial Code numbered 6103 (the “ Application Law ”). Prior to the Communiqué, Article 22 of t <a href='https://www.ersoybilgehan.com/en/publication-detail/important-changes-on-company-agreements-and-electronic-general-assembly-system'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/important-changes-on-company-agreements-and-electronic-general-assembly-system</guid> <pubDate>2013-07-01</pubDate> </item><item> <title><![CDATA[ CommuniquÉ on the Sale of Capital Market Instruments ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/communique-on-the-sale-of-capital-market-instruments</link> <description><![CDATA[ The Communiqué On The Sale Of Capital Market Instruments (the “Communiqué”) has been published in the Official Gazette dated June 28, 2013 and numbered 28691. The Communiqué will come into effect on July 28, 2013. The Communiqué redefines the terms “corporate investor” and “qualified investor” to comply with the European Union legislation. Moreover, the Communiqué provides the procedures and principles as to earn and lose the qua <a href='https://www.ersoybilgehan.com/en/publication-detail/communique-on-the-sale-of-capital-market-instruments'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/communique-on-the-sale-of-capital-market-instruments</guid> <pubDate>2013-07-01</pubDate> </item><item> <title><![CDATA[ The New Petroleum Law ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-new-petroleum-law</link> <description><![CDATA[ The Turkish Petroleum Law numbered 6491 (“Law”) has entered into force as of June 11, 2013. The Law has repealed the old Petroleum Law numbered 6326 (“Repealed Law”) which was in effect for almost sixty years. The Law has changed the duration of the exploration licenses which shall be obtained from the General Directorate of Petroleum Affairs (“General Directorate”). Previously, the duration for the exploration licenses was 4 years an <a href='https://www.ersoybilgehan.com/en/publication-detail/the-new-petroleum-law'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-new-petroleum-law</guid> <pubDate>2013-06-01</pubDate> </item><item> <title><![CDATA[ Companies Must Now Be Online According to the New Website Regulation ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/companies-must-now-be-online-according-to-the-new-website-regulation</link> <description><![CDATA[ The New Turkish Commercial Code required under Article 1524 certain companies1 (“Company”) to have a website. The Regulation on Company Websites (“Regulation”), referred by the same Article has entered into force on May 31, 2013. The Regulation requires Companies to have a website and allocate part of the website to (i) announcements the Companies shall publish by operation of law and (ii) the information society services. Pursuant to the <a href='https://www.ersoybilgehan.com/en/publication-detail/companies-must-now-be-online-according-to-the-new-website-regulation'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/companies-must-now-be-online-according-to-the-new-website-regulation</guid> <pubDate>2013-06-01</pubDate> </item><item> <title><![CDATA[ Appeal Court Rules: Right of Innocent Passage of Foreign Flag Vessels in Turkish Straits Should Be Respected ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/appeal-court-rules-right-of-innocent-passage-of-foreign-flag-vessels-in-turkish-straits-should-be-respected</link> <description><![CDATA[ It is almost a year since the New Turkish Commercial Code (“TCC”) came into force on 1st July, 2012 providing fundamental changes and solutions to problems that caused difficulties in the past. One of the issues that divided the legal community under the previous code related to the jurisdiction of the Turkish Courts over foreign flag vessels using the Bosphorus and the Dardanelles Straits (the “Turkish Straits”) in transit without callin <a href='https://www.ersoybilgehan.com/en/publication-detail/appeal-court-rules-right-of-innocent-passage-of-foreign-flag-vessels-in-turkish-straits-should-be-respected'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/appeal-court-rules-right-of-innocent-passage-of-foreign-flag-vessels-in-turkish-straits-should-be-respected</guid> <pubDate>2013-06-01</pubDate> </item><item> <title><![CDATA[ New Communiqué on Real Estate Investment Companies ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-real-estate-investment-companies</link> <description><![CDATA[ The Capital Markets Board of Turkey (“CMB”) has recently published a new Communiqué On The Principles Regarding Real Estate Investment Companies (III-48.01) (“Communiqué”). The main changes it brings to the old communiqué which was in effect since 1998 can be summarized as follows: • Real estate investment companies are required to invest a minimum 51% of their portfolio value in real estates, real estate projects and rights supporte <a href='https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-real-estate-investment-companies'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-communique-on-real-estate-investment-companies</guid> <pubDate>2013-05-01</pubDate> </item><item> <title><![CDATA[ The New Postal Services Law Paves the Way for the Private Companies to Engage in Postal Service Activities ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/the-new-postal-services-law-paves-the-way-for-the-private-companies-to-engage-in-postal-service-activities</link> <description><![CDATA[ The New Postal Services Law Numbered 6475 (“Law”) has been published in the Official Gazette dated May 23, 2013 and numbered 28655. The Law aims to liberalize and thereby establish a strong, stabilized and transparent postal services sector within Turkey. The Law also provides that a new public entity namely Posta ve Telgraf Teşkilatı Anonim Sirketi ("PTT A.S.") shall be incorporated which shall act as a postal service provider in Turkey. A <a href='https://www.ersoybilgehan.com/en/publication-detail/the-new-postal-services-law-paves-the-way-for-the-private-companies-to-engage-in-postal-service-activities'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/the-new-postal-services-law-paves-the-way-for-the-private-companies-to-engage-in-postal-service-activities</guid> <pubDate>2013-05-01</pubDate> </item><item> <title><![CDATA[ New Regulation on Incorporation and Activities of Financial Leasing, Factoring and Finance Companies ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-regulation-on-incorporation-and-activities-of-financial-leasing-factoring-and-finance-companies</link> <description><![CDATA[ A new Regulation on Principles Regarding the Incorporation and Activities of Financial Leasing, Factoring and Finance Companies (“Regulation”) has entered into force as of April 24, 2013. The Regulation requires authorization from the Banking Regulation and Supervision Agency (“BRSA”) for certain activities of the Financial Leasing, Factoring and Finance Companies (the “Companies”). Those activities are • Company formation; • Open <a href='https://www.ersoybilgehan.com/en/publication-detail/new-regulation-on-incorporation-and-activities-of-financial-leasing-factoring-and-finance-companies'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-regulation-on-incorporation-and-activities-of-financial-leasing-factoring-and-finance-companies</guid> <pubDate>2013-05-01</pubDate> </item><item> <title><![CDATA[ New General Aviation Regulation (SHY-6B) on Non-Commercial Aviation Activities ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-general-aviation-regulation-shy-6b-on-non-commercial-aviation-activities</link> <description><![CDATA[ A new General Aviation Regulation (SHY-6B) numbered 28647 (“Regulation”) relating to non-commercial aviation activities and regulating the licensing principles applicable to the non-commercial aviators as well as the procedures and standards they are subject to came into force on May 14, 2013. Article 5 provides that the Regulation covers but is not limited to the following aviation activities: • Agricultural spraying and aerial firefightin <a href='https://www.ersoybilgehan.com/en/publication-detail/new-general-aviation-regulation-shy-6b-on-non-commercial-aviation-activities'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-general-aviation-regulation-shy-6b-on-non-commercial-aviation-activities</guid> <pubDate>2013-05-01</pubDate> </item><item> <title><![CDATA[ New Railway Law Ends the State Monopoly Over Railways and Enables Operations by the Private Sector ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-railway-law-ends-the-state-monopoly-over-railways-and-enables-operations-by-the-private-sector</link> <description><![CDATA[ The Law on Liberalization of Turkish Railway Transportation Numbered 6461 ("Law No 6461") has been published in the Official Gazette and is now in full force and effect as of May 01, 2013. Previously, the railways were under the strict control and regulation of the state. By the entry into force of the Law No 6461, the private sector will now play an active role in railway infrastructure and transportation. In essence, the government aims to incr <a href='https://www.ersoybilgehan.com/en/publication-detail/new-railway-law-ends-the-state-monopoly-over-railways-and-enables-operations-by-the-private-sector'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-railway-law-ends-the-state-monopoly-over-railways-and-enables-operations-by-the-private-sector</guid> <pubDate>2013-05-01</pubDate> </item><item> <title><![CDATA[ Most Recent Amendments to the Turkish Commercial Code (11 April 2013) ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/most-recent-amendments-to-the-turkish-commercial-code-11-april-2013</link> <description><![CDATA[ The Law Numbered 6455 Regarding Amendments to the Customs Law and Other Laws and Statutory Decrees (“Law No 6455”) entered into force on 11 April 2013 amending some provisions under the Turkish Commercial Code numbered 6102 (“TCC”). As detailed below, there have been various changes on audit, bookkeeping and election of public legal entities and their representatives as board members. Article 64 of the TCC has been amended by Article 78 o <a href='https://www.ersoybilgehan.com/en/publication-detail/most-recent-amendments-to-the-turkish-commercial-code-11-april-2013'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/most-recent-amendments-to-the-turkish-commercial-code-11-april-2013</guid> <pubDate>2013-04-11</pubDate> </item><item> <title><![CDATA[ Spousal Consent Letter Requirement Finally Loosened ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/spousal-consent-letter-requirement-finally-loosened</link> <description><![CDATA[ The omnibus bill including the new regulations relating to spousal consent letter requirement in connection with personal sureties and guarantees has finally been passed by the Parliament. Turkish business and finance communities welcomed the changes made to the New Turkish Code of Obligations since personal sureties and guarantors are no longer required to obtain letters of consent from their spouses for sureties and guarantees provided that the <a href='https://www.ersoybilgehan.com/en/publication-detail/spousal-consent-letter-requirement-finally-loosened'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/spousal-consent-letter-requirement-finally-loosened</guid> <pubDate>2013-04-01</pubDate> </item><item> <title><![CDATA[ Independent Audit Under the Turkish Commercial Code and the Newly Published Decree ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/independent-audit-under-the-turkish-commercial-code-and-the-newly-published-decree</link> <description><![CDATA[ Auditing of companies has become a significant issue in a globalizing world. Auditing is no longer regarded as a matter which can only be subject to domestic law. Independence of auditors, auditing of auditors and preventing auditors to render any other service other than auditing are amongst the hot topics still debated in the European Union (EU). With the entry into force of the Turkish Commercial Code numbered 6102 of 2011 (Code) on 1 July 201 <a href='https://www.ersoybilgehan.com/en/publication-detail/independent-audit-under-the-turkish-commercial-code-and-the-newly-published-decree'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/independent-audit-under-the-turkish-commercial-code-and-the-newly-published-decree</guid> <pubDate>2013-02-01</pubDate> </item><item> <title><![CDATA[ Guarantors May No Longer Require Spousal Consent ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/guarantors-may-no-longer-require-spousal-consent</link> <description><![CDATA[ The New Turkish Code of Obligations, which came into force on 1st July, 2012, brought certain changes to form requirements in respect of sureties and guarantees to be issued by real persons and legal entities. The most criticised new rule has been the requirement for provision of a letter of consent by the spouse of the real person issuing the personal guarantee or surety. In the absence of such letter, the personal guarantee or surety issued is <a href='https://www.ersoybilgehan.com/en/publication-detail/guarantors-may-no-longer-require-spousal-consent'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/guarantors-may-no-longer-require-spousal-consent</guid> <pubDate>2013-02-01</pubDate> </item><item> <title><![CDATA[ D&O Liability Insurance Under the New Turkish Commercial Code ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/do-liability-insurance-under-the-new-turkish-commercial-code</link> <description><![CDATA[ Directors and officers are increasingly exposed to investigations, regulatory enforcement actions and lawsuits which press demand for Directors and Officers Liability Insurance (D&amp;O Insurance). As a result D&amp;O Insurance is increasingly regarded as essential insurance protection for companies’ decision makers. Many directors regard adequate D&amp;O protection as a prerequisite for serving on board. Repealed Turkish Commercial Code number <a href='https://www.ersoybilgehan.com/en/publication-detail/do-liability-insurance-under-the-new-turkish-commercial-code'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/do-liability-insurance-under-the-new-turkish-commercial-code</guid> <pubDate>2013-02-01</pubDate> </item><item> <title><![CDATA[ New Secondary Legislation Is Published in Connection With the Minimum Contents of the Annual Activity Report of Equity Companies ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-secondary-legislation-is-published-in-connection-with-the-minimum-contents-of-the-annual-activity-report-of-equity-companies</link> <description><![CDATA[ With the entry into force of the Turkish Commercial Code numbered 6102 of 2011 (Code) on 1 July 2012, a major step was taken for the modernization of the Turkish corporate law. The Code laid down the foundations for a number of new features, aiming, in essence, to promote and increase transparency and accountability of the management, shareholder participation and reinforcement of shareholders rights. In an effort to increase the transparency and <a href='https://www.ersoybilgehan.com/en/publication-detail/new-secondary-legislation-is-published-in-connection-with-the-minimum-contents-of-the-annual-activity-report-of-equity-companies'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-secondary-legislation-is-published-in-connection-with-the-minimum-contents-of-the-annual-activity-report-of-equity-companies</guid> <pubDate>2013-01-01</pubDate> </item><item> <title><![CDATA[ New Law on Financial Leasing, Factoring and Financing Companies Is Enacted ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-law-on-financial-leasing-factoring-and-financing-companies-is-enacted</link> <description><![CDATA[ Expected ever since the first unofficial draft was published by the Banking Regulation and Supervision Authority (BRSA), back in May 2008, the new Law on Financial Leasing, Factoring and Financing Companies numbered 6361 (Law No. 6361) has entered into force as of 13 December 2012 with the exception of certain provisions–, upon its publication on the Official Gazette numbered 28496. The Law No. 6361 comes as an overarching reform in the Turkish <a href='https://www.ersoybilgehan.com/en/publication-detail/new-law-on-financial-leasing-factoring-and-financing-companies-is-enacted'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-law-on-financial-leasing-factoring-and-financing-companies-is-enacted</guid> <pubDate>2013-01-01</pubDate> </item><item> <title><![CDATA[ New Secondary Legislation Is Published in Connection With the General Assembly Meetings for Joint Stock Companies ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-secondary-legislation-is-published-in-connection-with-the-general-assembly-meetings-for-joint-stock-companies</link> <description><![CDATA[ With the entry into force of the Turkish Commercial Code numbered 6102 of 2011 (Code) on 1 July 2012, a major step was taken for the modernization of the Turkish corporate law. The Code laid down the foundations for a number of new features aiming in essence, (i) to promote and increase transparency and accountability of the management, (ii) shareholder participation and reinforcement of shareholders rights. In an effort to increase the sharehold <a href='https://www.ersoybilgehan.com/en/publication-detail/new-secondary-legislation-is-published-in-connection-with-the-general-assembly-meetings-for-joint-stock-companies'>More...</a> ]]> </description> <author><![CDATA[ErsoyBilgehan]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-secondary-legislation-is-published-in-connection-with-the-general-assembly-meetings-for-joint-stock-companies</guid> <pubDate>2012-12-01</pubDate> </item><item> <title><![CDATA[ New Regime for Arrest of Non-Turkish Vessels ]]></title> <link>https://www.ersoybilgehan.com/en/publication-detail/new-regime-for-arrest-of-non-turkish-vessels</link> <description><![CDATA[ As a result of the Turkish Government’s continuing efforts to harmonise the country’s legislation with that of the EU and to modernise its old laws, some of which dates back to 1925, a new Turkish Commercial Code (the “New TCC”) was passed by the Parliament in January this year which will come into force on 1st July, 2012. The New TCC brings about a major overhaul of the laws of arrest of non-Turkish vessels within the Turkish jurisdictio <a href='https://www.ersoybilgehan.com/en/publication-detail/new-regime-for-arrest-of-non-turkish-vessels'>More...</a> ]]> </description> <author><![CDATA[Emre ERSOY]]></author> <guid isPermaLink="true">https://www.ersoybilgehan.com/en/publication-detail/new-regime-for-arrest-of-non-turkish-vessels</guid> <pubDate>2011-06-01</pubDate> </item></channel></rss>