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By Dr. Ismail Esin, Dr. Ozgun Celebi, Dogan Gultutan
Until recently, Turkish courts had differing practices as to the amount of the court filing fee payable to enforce arbitral awards.
By Dr. Ismail Esin, Dr. Ozgun Celebi, Dogan Gultutan
A Turkish Court of Appeal has now made clear that courts can grant interim relief at any time before, during or after arbitral proceedings, before an award becomes enforceable by Turkish execution offices.
By Muhsin Keskin
Considering recent developments in the sector, such as the implementation of Basel III rules, Turkey continues to increase macro-prudential supervision of banks.
By Muhsin Keskin
The Asian Infrastructure Investment Bank ("AIIB"), a new multilateral development bank established after China proposed the initiative in 2013, officially became operational on January 16, 2016...
By Muhsin Keskin
A number of changes to the Turkish electricity market were enacted by a decision of the Council of Ministers Decision No. 2015/8317, dated December 14, 2015...
By Muhsin Keskin
Under the communiqué, the Treasury has tightened the procedures to export Turkish lira and foreign currency...
By Muhsin Keskin, Gul Incesulu
On December 23, 2015, the Energy Market Regulatory Authority ("EMRA") amended the Electricity Market License Regulation.
By Muhsin Keskin
On January 12, 2016, the Capital Markets Board (the "CMB") introduced new disclosure requirements to its equity offering prospectus format.
By Muhsin Keskin
On December 26, 2015, the Banking Regulation and Supervision Agency (the "BRSA") amended the Regulation on Payment Services, Electronic Money Issuance, Payment Institutions and Electronic Money Institutions, relaxing certain requirements foreseen for companies providing payment services and e-money issuance ("Institutions").
By Can Sozer
Effective January 15, the use of animals to test cosmetic products in Turkey will be restricted.
By Mine Güner, Can Sozer
Comparative advertising is a new concept in Turkey; its use will increase after December 31, 2016, when the use of competitor names and trademarks is finally permitted.
By Hakki Can Yildiz, Can Sozer
In Turkey, consumer complaints against sellers and manufacturers may only be brought in Turkish consumer courts if the amount in dispute is above a certain threshold.
By Hakki Can Yildiz, Can Sozer
Effective January 1, 2016, higher fines will be imposed for certain violations of Turkey's Consumer Protection Law (No. 6502). Fines will increase 5.58% compared to 2015.
By Muhsin Keskin
Turkey has already committed to developing Islamic finance and increasing the related coordination in its latest five-year development plan and the new government's program.
By Muhsin Keskin
On November 27, 2015, the Capital Markets Board of Turkey published Resolution No. 128.11, clarifying the underwriting regime for Turkish IPOs.
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