It is the spirit and not the form of law that keeps justice alive.

Earl Warren

PUBLICATIONS

RECENT AMENDMENTS TO THE COMMUNIQUÉ ON COMMON PRINCIPLES REGARDING SIGNIFICANT TRANSACTIONS AND THE RETIREMENT RIGHTS

On 18 April 2018, the Capital Markets Board announced certain amendments to the Communiqué on Common Principles Regarding Significant Transactions and the Retirement Rights which cover the procedures and principles pertaining to corporations’ decision-making process with respect to significant transactions and execution of such transactions, as well as exercise of the retirement right as a consequence of significant transactions and making a mandatory take-over bid. These amendments entered into force as of their publication date.

Esen İrtem

Lawyer

Practice Areas:
#Banking and Finance Law
RECENT DEVELOPMENTS ON THE FACILITATION OF INVESTMENT

The Act No. 7099 Amending Certain Acts for the Improvement of Investment Environment ("Act”) has been published in the Official Gazette No. 30356 on 10 March 2018 and has introduced significant developments especially upon the provisions of the Turkish Commercial Code No. 6102 (“TCC”), the Law No. 6750 on Pledge of Movables in Commercial Transactions (“PMCT”) and title deed transactions.

Fatoş OTÇUOĞLU

Lawyer

Practice Areas:
#Commercial Law, Corporate Law, Business Law
AMENDMENTS TO THE CODE OF ENFORCEMENT & BANKRUPTCY AND TO SOME OTHER LAWS

The Law No. 7101 on the Amendments to the Code of Enforcement and Bankruptcy and Some Laws (the “Law”) was adopted by the General Assembly of Turkish Grand National Assembly on 28.02.2018 and was published in the Official Gazette on 15.03.2018. The Law amends several laws, particularly the Code of Enforcement and Bankruptcy, Notification Law, Law on Fees, Code of Civil Procedure, International Arbitration Law and Turkish Commercial Code. According to the amendments brought by the Law:

Ergin MİZRAHİ

Lawyer

Özer ARDA

Lawyer

Tuğçe Turçal

Lawyer

Practice Areas:
#Litigation
MONITORING OF THE FX TRANSACTIONS BY THE CENTRAL BANK OF TURKEY

In line with the recent protectionist policies implemented through FX regulations, the Central Bank of Turkey has announced its new Communiqué on Monitoring of the Transactions Affecting the Foreign Currency Positioning (the “Regulation”) in the Official Gazette dated 17.02.2018 and numbered 30335. The Regulation has entered into force on the same date of its announcement in the Official Gazette, i.e. 17.02.2018.

Esen İrtem

Lawyer

İpek YÜKSEL

Lawyer

Practice Areas:
#Banking and Finance Law
AMENDMENT ON THE COMMUNIQUÉ ON SHARES

Capital Markets Board has announced a recent change in its Communiqué on Shares (VII-128.1) on 26 January 2018 (the “Amendment”).

Esen İrtem

Lawyer

İpek YÜKSEL

Lawyer

Practice Areas:
#Commercial Law, Corporate Law, Business Law

PUBLICATIONS

RECENT AMENDMENTS TO THE COMMUNIQUÉ ON COMMON PRINCIPLES REGARDING SIGNIFICANT TRANSACTIONS AND THE RETIREMENT RIGHTS

RECENT DEVELOPMENTS ON THE FACILITATION OF INVESTMENT

AMENDMENTS TO THE CODE OF ENFORCEMENT & BANKRUPTCY AND TO SOME OTHER LAWS

MONITORING OF THE FX TRANSACTIONS BY THE CENTRAL BANK OF TURKEY

AMENDMENT ON THE COMMUNIQUÉ ON SHARES

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