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Turkish Zoning Law

  September 8, 2015     By Ketenci & Ketenci
A country shall have regular human settlements and certain bordered zones, in order to provide a healthy environment and create feasible investment areas. For the purposes of meeting with the needs of the number of population in a rapid way, lands of the country should be planned and developed within the frame of specified master projects.

Legal Aspects of Real Estate Purchase of Foreign-Capital Companies in Turkey

  September 8, 2015     By Ketenci & Ketenci
Due to Turkey’s rapidly financial growth and increasing population, real estate market has been developing for last five years.

Wind Power in Turkey

  September 8, 2015     By Ketenci & Ketenci
Due to the increasing energy gap arising from industrial and technological developments of Turkey, the demand on electric energy has been increasing year for year and new investments in power generation are required.

Solar Power Tenders in Turkey

  September 8, 2015     By Ketenci & Ketenci
Establishment of solar powers with a view to operating in electricity market is regulated in Electricity Market Code (the “Code”) law no. 6446.

Solar Power Plants in Turkey

  September 8, 2015     By Ketenci & Ketenci
Numerous countries have been in an energy transition in recent years due to the decreasing capacity of primary energy resources such as natural gas, oil and coal and also in order to contribute to the prevention of climatic changes arising from the use of primary energy resources. In this connection, the importance of energy production from renewable resources has come into question also in Turkey.

Recognition of Foreign Judgements in Turkey

  September 8, 2015     By Ketenci & Ketenci
According to Turkish Private International Law (“Law”), a foreign judgments may be executed. The execution of the judgments in Turkey rendered by the foreign courts in relation to the civil actions and finalized in accordance with the laws of that state depends upon the rendering of the exequatur by the competent Turkish court.

Real Estate Market in Turkey

  September 8, 2015     By Ketenci & Ketenci
No doubt the global economic recession and crisis have affected the European and US real estate markets. On the other hand, the real estate markets in emerging markets like Turkey are still promising despite the global crisis. In last decade, international real estate market has significantly developed in Turkey. Accordingly, the interest of local and foreign investors in the real estate market progressively increased every year.

Mergers and Acquisitions in Turkey

  September 8, 2015     By Ketenci & Ketenci
Mergers and Acquisitions (“M&A”) is defined as the combining of two or more companies or buying-selling or dividing of two or more companies as a part of corporate finance in order to grow rapidly in business field of activity.

Termination of Distribution Agreements under Turkish Law

  September 8, 2015     By Ketenci & Ketenci
In international or local trade relations, termination of distribution agreements especially by manufacturers come frequently to the fore.

Distribution Agreements in Turkish Law

  September 8, 2015     By Ketenci & Ketenci
Due to developments particularly in telecommunication technologies and transport since last century, more products have been demanded by customers in other countries than their place of manufacture.

Latest Developments in Banking Finance in Turkey

  September 8, 2015     By Ketenci & Ketenci
The New Communiqué on the Principles Regarding Securities Investment Trusts has been published in the Official Gazette numbered 29368 (hereinafter referred as to “Communiqué”) on 27 May 2015.

Debt Collection in Turkey

  September 8, 2015     By Ketenci & Ketenci
Under Turkish Law, a creditor is granted the right to collect its receivable in two ways. Firstly, it can initiate litigation procedures by filing an action of debt before local courts. The other way is to initiate executive enforcement proceedings (enforcement proceedings without judgement) before execution offices.

Incorporation of Investment Enterprises in Turkey

  September 8, 2015     By Ketenci & Ketenci
Investment companies or funds within the frame of the Capital Markets Law.

Renewable Energy in Turkey

  September 8, 2015     By Ketenci & Ketenci
Energy Market Preferred by Foreign Investors Also in 2015

Franchising in Turkey

  September 8, 2015     By Ketenci & Ketenci
Franchise sector in Turkey has been in a rapid growth in the recent years. As of 2014, there were approximately 1850 chain of enterprises in Turkey, 24% of which are foreign trademarks and the number of foreign investors intending to franchise in Turkey has been increasing year by year.

Recent Legal Amendments on Real Estate Acquisitions by Foreigners in Turkey

  August 4, 2015     By Ongoren Law Office
Some significant amendments for real-estate acquisitions by foreigners introduced by a new Law. The most notable amendment in the Law is abolishment of the reciprocity clause. As a result, a foreigner may acquire a real-estate in Turkey even if a Turkish citizen may not acquire a real-estate in the foreigner’s home country.

Validity of Foreign Court Decisions in Turkey

  July 9, 2015     By Ketenci & Ketenci
Increase in international trade, people living abroad for various reasons and the disappearance of borders by time has resulted that the legal relationships and disputes not confined in one country or state. This situation has highlighted the difference between the national legal systems.

Acquisition of Turkish Citizenship by Marriage

  May 3, 2015     By Cengiz & Opak Law Office
Acquisition of Turkish citizenship by marriage is regulated in Article 16 of Turkish Citizenship Law and Articles 25-31 of the Regulation on the Implementation of Turkish Citizenship Law.

Immediate Expropriation in Turkish Law

  April 30, 2015     By Cengiz & Opak Law Office
The expropriation procedure in Turkish law is conducted in accordance with Article 46 of the Constitution and Law No.2942 on Expropriation. In exceptional cases where there is a danger of disruption in public services, the method of immediate expropriation stipulated in Article 27 is employed.

Establishment of Joint Stock Companies and Limited Liability Companies in the New Turkish Commercial Code

  April 30, 2015     By Cengiz & Opak Law Office
The new Turkish Commercial Code (“NTCC”) No. 6102 entered into force on July 01, 2012. In parallel with the harmonization process of Turkish Law with acquis communautaire, the NTCC has significantly changed the system and replaced the outdated provisions of the former Turkish Commercial Code (“TCC”) with practical ones. As one of the aims of the NTCC is to boost investment, advanced provisions regarding the establishment of the companies have been introduced.

Residence Permit in Turkey

  April 30, 2015     By Ongur Ergan Law & Consulting Office
The regulations formulating the rules on residence permit and the entry of foreigners into Turkey were dated back to mid-twentieth century. These regulations lacked the ability to meet the needs of the present conditions. A modern approach was necessary, also in terms of Europeanization of the customs procedures and management.

General Principles of Licensing in Turkish Natural Gas Market

  April 26, 2015     By Herdem Attorneys at Law
The general principles setting out the legal requirements for licensing are defined under Law No 4646 of Turkey. Accordingly, the entities to engage in market activities shall obtain a license for each activity and for each facility respectively, if the said activities are to be conducted in more than one facility, before starting operation.

Spotlight: Concerns about Constitutionality of Turkey’s New IP/O Regime in Civil Industrial Sectors

  April 12, 2015     By Herdem Attorneys at Law
On 06 February 2014, Turkish Parliament has enacted a 6518 Omnibus Bill, gazetted February 19th 2014, which adjoins a provision to article 3 of the Law No 4734 Public Procurement Law (“Law”) stipulating that purchase of goods and services provided to ensure innovation, local production and technology transfer under offset/industrial participation programs are not subject to Law No 4734.

Introduction to Jurisdiction of Divorce in Turkey

  April 10, 2015     By Cindemir Law Office
Divorce principles in Turkish Law related to divorce. Enforcement of a Foreign Divorce Decree in Turkey requires some standards.

Turkey's Connection to ENTSO-E and T-CAT Auction Systems

  April 10, 2015     By Herdem Attorneys at Law
ENTSO-E is a very essential step for uniting the EU Member States’ transmission grids. To define it briefly, it is the biggest Transmission System Operator throughout Europe. The ENTSO-E association has been established with the 3rd liberalization package in the light of the EU legislations.

Acquisition of Real Estate in Turkey by Foreign Individuals

  April 2, 2015     By Erdal Law Firm
Every country has its own legislation regarding acquisition of real estate by foreign individuals within the scope of its own political, economical and social requirements. Acquisition of real property by foreign real persons in Turkey is restricted by laws as well. The main purpose of this brief article is to explore the legal restrictions of purchasing real estate in Turkey by foreign individuals.

Tax Incentives in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
Turkey aims to encourage production and export activities, fasten the entrance of foreign capital and technology in Turkey and develop the international trading activities through the grant of incentives to the investors. In the light of that, the local and foreign investors have equal access to the investment incentives system in Turkey.

Share Transfers in Joint Stock Companies in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
In order to complete a share transfer in a Joint Stock Company registered in Turkey, the endorsement and transfer of share certificates (in the bearer form) are required. If the company has not issued any share certificates, the transfer of the shares shall be completed within the share ledger of the company.

Squeeze Out Right in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
In Turkey, where shareholders directly or indirectly own and hold at least 90 % of capital shares and voting rights in a capital company, the controlling shareholders may apply to the court for the squeeze out of the minority shareholder(s), if the minority shareholder(s) prevents the company from running its business, do not act in good faith, create perceptible disruption or act in a reckless manner.

Liabilities of Shareholders and Board members for Public Receivables in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
In Turkey, the liability of Joint Stock and Limited Liability Companies’ shareholders is only against the company and limited with their capital contribution. However, the shareholders of Limited Liability Companies are, unlike Joint Stock Companies, jointly and severally liable against public receivables (fiscal receivables) such as taxes, duties, levies and charges if the company is unable to make the required payments.

Overview of Turkish Labour Code and Employment in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
Employment laws in Turkey apply to Turkish nationals and foreign nationals alike. In addition, special provisions exist which regulate the employment and residence permits of foreign nationals who intend to work in Turkey.

Opening Liaison Offices in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
In addition to the establishing a company or a branch office, foreign investors can also establish liaison offices in Turkey. Liaison offices can only be involved with non-commercial activities. In other words, liaison offices cannot issue invoice or proforma invoices.

Opening the Branch of a Foreign Corporation in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
Foreign companies may also operate through branches in Turkey. For establishing a branch, a permit from the Undersecretariat of Treasury Foreign Investment Department (FID) must be obtained before the registration to the Commercial Registry Office.

Buying a Company or Part Ownership in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
Buying a company or part ownership in Turkey, At Bereket & Baltaci, we provide assistance and guidance with foreign corporations and investors in acquisition of a Turkish company or part ownership thereof in Turkey.

Tax Compliance Overview in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
Information about the tax liabilities of foreign investors in Turkey.

Formation and Registration of a Company in Turkey

  April 1, 2015     By Bereket & Baltaci Law Firm
Information about starting and registering a business, including types and establishment process and liabilities of shareholders and regulations of a company, establishment process and customary time period as well as list of necessary documents for a company establishment in Turkey.

Registered E-Mail System of MASAK under the Law on Prevention of Financing of Terrorism

  March 30, 2015     By Herdem Attorneys at Law
The Financial Crimes Investigation Board (MASAK), which is a main service unit of the Ministry of Finance, having the mission of making policies and carrying out investigation and research to convey the information and the results to relevant authorities has issued a regulation on registered electronic e-mail system which has entered into force on 30 March 2015.

A New Era for Turkish Energy Market

  March 29, 2015     By Herdem Attorneys at Law
In last 10 years, energy experts have been working keenly on the establishment of a new private and competitive electricity market in Turkey.

Selection of Project Site for Solar Energy in Turkey

  March 27, 2015     By Dogerlioglu Law Firm
In the "project development" stage, initial step for the investors, who wish to install a solar energy based generation facility, is the "site selection". Special attention should be expended on site location and grid connection point.

Incorporating Capital Companies in Turkey and in Romania

  March 27, 2015     By ADMD Law Office
This brief information note aims to provide information regarding capital company formations in Turkey and in Romania in a comparative manner.

E-Residency in Estonia

  March 26, 2015     By ADMD Law Office
As the world seems to develop faster and faster, a new gadget has been placed to the disposal of the foreigners and non-resident persons in Estonia, namely the digital identity card also known as e-residency.

Grounds for Divorce in Turkey and in Romania A Comparative Study

  March 26, 2015     By ADMD Law Office
Although not all of them are stipulated by the laws, grounds for divorce are multiplying at many jurisdictions given the fact that divorces are becoming more common in educated societies. The legislations of different countries tried to reflect these common grounds in a compact manner, although, most of the time, they are not stipulated in an exhaustive one, leaving judges leverage. This study aims to compare the grounds of divorce in Turkey and in Romania

How to set up a Liaison Office in Turkey?

  March 17, 2015     By Erdal Law Firm
Foreigners interested to put footprint in Turkey have various options, such as formation of a capital company in Turkey (mostly used joint stock companies and limited liability companies) or incorporation of its' Branch offices and Liaison Offices in Turkey.

Turkish Energy Market 2015

  March 16, 2015     By Tiryakioglu Cakmakci Kesmer
Turkey’s importance in the energy market grows as a regional transit hub given its location between the oil rich Middle East, Caspian region, and Europe. Turkey is the home of the Bosporus and Dardanelles connecting the Black Sea to the Mediterranean.

A Way to Avoid Unstable Electricity Market Prices in Turkey: Risk Sharing Contracts

  March 16, 2015     By Herdem Attorneys at Law
Following the privatization of energy market in Turkey, in last 10 years, many big investors have lined up to obtain energy generation, distribution, wholesale and retail-sale licenses in order to make investments in energy sector due to its high profit potential.

Wrongful Death Claim in Turkey under Turkish Law

  March 14, 2015     By Cindemir Law Office
As in common law countries, Turkish Law also covers damages stemming from death involved incidents by third parties. Traffic Accidents, Construction Accidents and other death involved accidents caused by third parties are subjected to Turkish Tort Law and also Criminal Law. Wrongful Death is also stipulated under Turkish Penal Law under the section of “intentional murder” or “murder with negligence”.

Enforcement and Recognition of Foreign Arbitral Awards in Turkey

  March 14, 2015     By Cindemir Law Office
Explaining current provision and practice of enforcement and Recognition of Foreign Arbitral Awards in Turkey. New York Convention and Turkish Private Law and Procedure Act (Called MÖHUK in Turkey International Private Law and Procedure Act) related to enforcement of foreign arbitral awards are the main provisions governing terms of subject concerned.

Rapidly Developing Information and Communication Technology (ICT) Market in Turkey

  March 6, 2015     By Herdem Attorneys at Law
Turkey’s expansion of Information and Communication Technologies (ICT) sector for 2015have been estimated by some recent researches.In following years, thanks to technologies such as Big Data, Cloud, Mobility and Social Work, there is being expected a transformation of the institutions in Turkey.

Turkey’s Unlicensed Solar Energy, Investment Opportunities and the Application Procedures

  February 28, 2015     By Herdem Attorneys at Law
By means of its geographical location, Turkey appears to be one of the sunniest countries in Europe, with the calculated solar radiation level quite similar to Portugal and Spain.

Nuclear Power Plants and Turkey

  February 23, 2015     By Herdem Attorneys at Law
In terms of the power generation, using the natural gas takes first and the coal takes second place in Turkey.

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