News and Publications

Regulation Amending the Regulation on Credit Transactions of Banks (“Amendment Regulation”) issued by the Banking Regulation and Supervision Agency (“BRSA”) has been published on 8 July 2021, in the Official Gazette numbered 31535 and entered into force of even […]

Regulation on Settlement Procedure Applicable in Investigations Regarding Abuse of Dominant Position, Concerning the Restriction of Competition Agreement, Concerted Actions and Decisions (“Settlement Regulation”), which is secondary legislation as regards settlement in competition violations has been published in the […]

Effectiveness of provisional article 32 of the Banking Law, regulating the financial restructuring process, has been extended for two more years pursuant to Presidential Decree numbered 4299 and dated 14 July 2021, published in Official Gazette numbered 31542 on […]

General Assembly decision numbered 2019/2 E., 2020/3 K., dated 20 November 2020, clarifies the two-step procedure for service of process on a party at a Central Civil Registration System (“MERNIS”) address when adequate service cannot be accomplished at last […]

On 4 June 2021, a new Regulation on Disclosure of Confidential Client Information drafted by the Banking Regulatory and Supervisory Authority, (“Regulation”) has been published in Official Gazette numbered 31501. The Regulation will be effective as of 1 January […]

The Capital Markets Board (the “Board”) has amended the capital requirements for portfolio management companies. The Communiqué Amending the Communiqué on Portfolio Management Companies and Their Activities (“Amendment Communiqué”) was published in the Official Gazette dated 27 May 2021 […]

The Communiqué on Notification and Registration of Bearer Shares to the Central Registration Agency, published in Official Gazette dated 6 April 2021 and numbered 31446, and effective as of the same date (“Communiqué“), determines the details of notification and […]

 Direct distribution Ownership structures May a foreign supplier establish its own entity to import and distribute its products in your jurisdiction? Yes. The intent of Foreign Direct Investment Law No. 4875 (FDI Law) is to encourage domestic investment by […]

Transactions for the transfer of assets of commercial enterprises, and commercial enterprises in toto, have always been somewhat controversial under Turkish Law. A threshold issue is whether, under applicable law, the divested asset(s) comprise the seller’s total enterprise. In […]

The decision of the Council of Ministers adding to the Decision on the Pricing of Human Medical Products a currency provision effective as of 19 February 2021 (“Provisional Decision”), was published on even date in Official Gazette numbered 31400. […]