News and Publications

Turkey’s banking legislation has been found to comply with the Third Basel Accord requirements related to risk-based capital and liquidity coverage ratio standards. Turkey’s Banking Regulation and Supervision Agency (“Agency”) has made a series of changes to secondary legislation […]

The 2016 Report on Trade in Counterfeit and Pirated Goods (“Report”) was published on 18 April 2016 by the Organization for Economic Co-operation and Development’s (“OECD”). The Report gives detailed insights into global counterfeiting activities, as well as ranks […]

Turkey’s Constitutional Court recently ruled that a 99 year administrative easement does not breach property owners’ constitutional property rights. A lower court escalated the issue for consideration, arguing that easements should be limited to ten years, with expropriation preferred […]

Turkey has amended regulations regarding games of chance, as well as related license agreements. Changes apply to exclusivity of licenses and restrictions on license assignments, as well as clarification on use of subcontractors. Changes also apply to consents required […]

Turkey has introduced new preparation and disclosure requirements for financial reports by investment funds, as well as a complete exemption for foreign investment funds. Financial table and auditing requirements related to real estate investment funds and venture capital investment […]

In a 2016 Turkish case, the Assembly of Civil Chambers clarified the approach to interpreting evidence submitted to prove use of service marks in non-use actions. The decision clarifies how to prove use of service marks in Turkey for […]

It was first published in May 2017 in the UBB Competition Committee bulletin . The Competition Board (“the Board “) issued a decision indicating that the attitude of acceptance of statements received from employees of the undertakings under investigation has changed. The Board, with […]

In 1981, Turkey signed the Convention for the Protection of Individuals with Regard to Automatic Processing of Personal Data (“Convention”) at Strasbourg. In 2001, an amendment Protocol was added to the Convention, specifically addressing supervisory authorities and transborder data […]

A Strategy and Action Plan for the Turkey’s Automotive Sector (“Action Plan”) has been approved by the High Planning Council for the 2016-2019 period. The Action Plan includes updated sectoral information, analysis of trends and obstacles, as well as […]

Turkey’s Capital Markets Board has updated a range of operational, disclosure and notification requirements for intermediary institutions and portfolio intermediary institutions. Related requirements for position limits, guarantees, reporting and service agreements are also updated with respect to derivative and […]