News
UK Trade Relations: Free Trade Agreement between UK and Turkey
Turkey and the United Kingdom have been negotiating a Free trade agreement in their efforts to sustain the current bilateral market access structure following the end of the Brexit transition period.
KDK Law Firm's First Competition Quarterly Bulletin
Kolcuoglu Demirkan Kocakli Law Firm is publishing its first quarterly bulletin, where the developments in the area of Competition Law in Turkey will be summarised and recent notable decisions of the Competition Board will be highlighted on a quarterly basis.
Amendments to Banking Law, Capital Markets Law and Related Laws and Regulations
The Law on the Amendments to the Banking Law and Certain Laws numbered 7222 (the “Amendment Law”) was published in the Official Gazette numbered 31050 and dated 25 February 2020. The Amendment Law introduces novelties to the Banking Law, Capital Markets Law, Law on Financial Leasing, Factoring and Financing Companies and Law on Debit Cards and Credit Cards.
Commercial Relations Between Turkey and African Countries
The long-standing economic and political ties between Turkey and Africa date back to the times of the Ottoman Empire. The presence of the Ottoman Empire in most of North Africa has led to a common history and culture between these two economic powers; and, such common background also enhanced the commercial relations between the Turkey and the continent of Africa. However, the commercial ties between these two market players were not always as strong as they are today.
Basak Islim and Busra Mollaahmetoglu, Associates of SEE Legal’s Turkish member, Kolcuoglu Demirkan Kocakli, discuss Turkish…
A New Period in Tourism Investments: Room Sales to Third Parties
Within the last year, it has become possible for tourism investors to get an extension of up to 49 years for the term of usage rights granted on public real properties; and to acquire the real properties on which an easement right is established or has been allocated in favor of the tourism investors or the operators.
On 30 June 2018, another long-awaited amendment was made to the Regulation on Certification and Qualifications of Tourism Facilities, legalizing the sales of hotel rooms in the tourism facilities to third parties.
Busra Ozden, Associate at SEE Legal’s Turkish member, Kolcuoglu…
KDK Discusses Turkey-specific Information on Confidentiality
KDK's attorneys Bihter Bozbay and Yasemin Guctekin discuss Turkey-specific information on confidentiality in an article, published by Practical Law.
To read the article, please download it here.
COVID-19
Omnibus Law: Limitations on Dividend Distribution
The Omnibus Law, through amendments to the Turkish Commercial Code, introduces certain limitations on capital companies’ dividend distributions.
Coronavirus: An Evaluation of Possible Legal Consequences of the Pandemic and Related Practices
The Coronavirus (Covid-19) pandemic, which emerged in China and spread to almost all countries in the past month, shows its effects on masses around the world and inevitably has negative impacts on our daily lives. These impacts are not due to the existence of the Coronavirus outbreak alone, but also the practices carried out by the countries for precautionary purposes in connection with this outbreak.
Turkey: Economic Stability Shield
On 18 March 2020, President Recep Tayyip Erdogan chaired a meeting with the ministers, bankers, business leaders and representatives of other governmental and non-governmental institutions, to discuss COVID-19 pandemic’s effects in Turkey. Following the meeting, President Erdogan has unveiled the “Economic Stability Shield”, a TRL 100 billion plan (approximately EUR 14 million), to mitigate the impacts of COVID-19 pandemic in Turkey. KDK will provide further details, once the Turkish government enacts relevant regulations.
The Economic Stability Shield includes the following:
Payment of…
