In Turkey, due to the frequent changes of construction regulations and plans, the performance of an agreement may become unfulfilleable or impossible, because of the failure to obtain required licenses after the conclusion of the contract or cancellation of the construction works by the local authorities. In such cases, the answers to the questions “What...

Overall View of Foreign Investments In Turkey By the Law No. 4875 “On Direct Foreign Investments” of 5 January 2003, the previous regulation of the Law on Encouragement of Foreign Investment was abolished. The new law aims to promote direct foreign investments, protection of foreign investors’ rights in the context of investment and investor terms...

Administrative fines, although to a lesser extent comparatively to punishment fines do affect lives of real persons and legal entities in a negative manner. Sometimes, even a low administrative fine may harm the companies through a distruction on the companies’ commercial credit. Our study is limited with the administrative fines which are imposed to generation...

The legal proceedings that can be applied on Turkish Law for the collection of a debt that is not secured with a pledge can be classified as “Execution for Debt” and “Action of Debt”. The creditor who obtained a judgment debt with the Action of Debt can make collection over the debtor’s property ownership with...

This article’s preamble and conclusion parts have been translated into English. The content of it is 13 pages and Turkish version is issued at our website. PREAMBLE Tax evasion crime committed by using forged document is essentially one of the economic crimes committed against state tresuary that is regulated at paragraph B of article 359...

The Law on Amendments on Land Register and Cadastral Law (Act No 6302, dated 3.5.2012) introduced significant amendments for real-estate acquisitions by foreigners. By this law, the 35th and 36th articles of the Land Register and Cadastral Law (“Law”) have been amended. Initially, some of the previous requirements had been cancelled. However, by the amendment...

Construction permit is a utilization permit provided by the Administration to the owners when using property rights. Even if it is in accordance with the zoning plans and regulations, owners cannot do any constructional activity on their parcels without obtaining consent from the Administration. Constructing without consent of the related administration has administrative and punitive...

Land owner signs “a construction contract of flat for land basis” (construction contract) with a contractor or with a construction company to construct a new building or reconstruct a building which is already existed. There will be some problems, if the construction contracts are prepared in an unelaborate way, or with no assistance received from...