News and Publications

The Turkish Constitutional Court recently considered which date should be used to assess a property’s expropriation value. It held that for price determination lawsuits, it is unconstitutional to determine a property’s expropriation value based its location and conditions at […]

First published in the IBA Antitrust Committee newsletter, September 2016. Enforcement trends for the presumption of concerted practice in Turkish competition law have developed over the last decade to integrate the presumption of innocence. However, a recent decision by […]

Turkey has introduced new principles and procedures regarding work permits for foreigners, as well as exemptions. Existing uncertainties about work permit requirements for company directors have been clarified and a new “Turquoise Card” system is introduced, The Turquoise Card […]

Turkey has established sovereign wealth fund, with a primarily domestic focus. The fund is expected to be worth 200 billion TL and is intended to generate long-term and low-cost finance for strategic, large-scale investments, contributing to Turkey’s development. The […]

The Turkish Constitutional Court recently held that property rights had been violated where a Municipality expropriated private property to build a playfield, but later re-zoned the property to become a commercial area and sold the site to a third […]

Turkey’s Ministry of Finance (“Ministry”) has introduced new principles and procedures for suspending and prohibiting suspicious transactions. These aim to prevent laundering of criminal proceeds and terrorism financing. The rules apply to a wide range of entities, involved in […]

A range of legislative changes have been made in Turkey within the scope of the 90 days of State of Emergency declared throughout the country on 21 July 2016. Notable aspects include the Presidency of Telecommunication and Communication being […]

Turkey’s energy regulator has introduced regulations for sale-purchase and tender procedures for electricity distribution companies. These include a TRY 20 million upper limit for tenders conducted through a single contract regarding purchases of goods and services, or asset sales. […]

First published in the IBA Arbitration Committee newsletter, August 2016. Current Dispute Resolution Landscape in Turkey Commercial disputes are on the rise in Turkey due to recent economic instability arising from local and regional political fragility. The Turkish lira […]

EMRA (Energy Market Regulatory Authority), Turkey’s energy market regulator has amended electricity legislation, particularly focusing on consumer-facing aspects. The definition of “eligible consumer” has now changed to focus on the location, rather than individual. Changes also apply to billing […]