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Cerrahoglu
 
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Tel: +90 212 355 30 00
Fax: +90 212 266 39 00
Barbaros Bulvari, Mustafa Izzet Efendi Sok.
No:11 Cerrahoglu Binasi
Balmumcu - Besiktas
Istanbul
34349
Turkey
By Dilek Sule Mentes, Efe Kınıkoğlu
Although one of the most fundamental principles of Turkish law, 'good faith' is not directly defined under Turkish law.
The Turkish Court of Appeals has ruled in various decisions that the above provision of the Turkish Code of Civil Procedure is mandatory and, thus, dispositive sections that are not stand-alone and giving rise to hesitation are in breach of the law.
By Onur Gülsaran, Biricik Bengisu Dinçer
Draft law which amends provisions on the acquisition of immovable property by foreign real persons, by legal entities established outside of Turkey and by foreign capital companies established in Turkey was approved on May 3 as Law No 6302 amending the Land Registry Law.
In one of relatively recent decisions of the Court of Appeals, the Court overruled the arbitration objection based on the Law on the Obligatory Use of Turkish, which stipulates that two Turkish companies should execute their agreements in Turkey in the Turkish language.
By Dilek Sule Mentes, Efe Kınıkoğlu
When a lawsuit is filed for a part of the receivable, the statute of limitations will be interrupted only with respect to such portion of the receivable and will continue to run for the remainder of the receivable.
By Randall Jackson
The Turkish government on April 24 submitted a bill to the Grand National Assembly, proposing a tax amnesty that would allow taxpayers to declare offshore assets and pay a 2 percent tax.
By Selen İbrahimoğluGüreş, Selman Koç
A leveraged buy-out is defined as an acquisition of a company financed largely with debt, where generally a small amount of capital is allocated.
By Ayşegül Gürsoy
On February 10 2012 the General Assembly for Unification of Conflicting Judgments of the Court of Appeals issued a decision on whether enforcing an unreasoned foreign court judgment in Turkey constitutes a breach of Turkish public policy.
By Seda Akipek, Müjdem Aksoy
Seda Akipek and Müjdem Aksoy of Cerrahoglu examine the implications of changes to Turkey's Commercial Code which allow for electronic company meetings.