In the Official gazette numbered 27281 dating 7 july 2009 Tuesday THE ACT REGARDING THE ALTERATION OF THE PROPERTY OWNERSHİP LAW has been published. By being published in the official gazette dated 7 july 2009 Tuesday THE ACT REGARDING THE ALTERATION OF THE PROPERTY OWNERSHİP LAW which was accepted at 23/6/2009 has come into effect....

The Notification on Financial Crimes Investigation Board was published in the Official Gazette dated 29th of May 2009 and numbered 27239 with sequence number 8. According to the said notification, the granted time limit have been expanded for three months in order to update the account owners’ addresses for banks, intermediary institutions, PTT (Post Office...

In this newsletter we will analyze types of employment contracts called fixed-term and indefinite-term employment contracts which have vital importance in the business life. The fact that employees who work within an indefinite-term employment contracts have better social protection in comparison to employees who work within a fixed-term employment contracts. However, it seems that especially...

The Notice on applicable interests rates on rediscounts and advances published in the Official Gazette dated 9th of April 2009 and numbered 27195 and became effective from the publication date. Central Bank of Turkey has determined the annual rediscounts interest rate as 19 % and it will applicable to the bills which will arrive at...

THE LAW AMENDING SOME LAWS, which was numbered 5838 and published in the Official Gazette dated 18.02.2009, has introduced fundamental alterations as determined as below. By this law, not only number of regulations but also regarding export value added tax and Regulation of Payment by Cheque and Protection of Holders of Cheque have been considerably...

The Law amending the Decree Law No. 556 on Protection of Trademarks was published and came into force from publication date in the Official Gazette dated 28th January 2009 and numbered 27124. The Act was legislated upon some articles of Decree Law No. 556 were abolished by the Constitutional Court on legal ground that they...

The Notice on amending the Notice which was altered Regulation of Cheque Payments and Protection of Cheque Holders was published in the Official Gazette, numbered 27111 and dated 15th January 2009 with series number 2009/1. The notice will be entered into force from 26th of January 2009. By this amendment, interim Article 6 of the...

“The Regulation on the Acquisition of Real Property by Foreign Capital Companies” was published in the Official Gazette No. 27052 dated November 12, 2008, and entered into force from the publication date. It was prepared on base of Article 36 paragraph 4 of the Deed Law No. 2644, dated 22.12.1934 and regulates procedure of and...

According to Article 329 of the Code of Commerce (Türk Ticaret Kanunu- hereinafter referred to as TTK) a joint stock company (hereinafter referred to as JSC) shall not acquire or pledged its own shares. In case of violation of this provision, the transaction will be declared null and void. This means that, any agreement concerning...

I – Introduction: Stability and growth reached in the Turkish economy has attired attentions of foreign investors and foreign real persons to Turkish real estate market. The fact that Turkey has been attracting foreign investment created a need for new regulations on the right to real estate of foreign citizens. There have been many amendments...