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Life Sciences Regulation in Turkey

Life Sciences Regulation in Turkey Law No 1262 on Pharmaceutical and Medical Preparations (Pharmaceutical Code) is the primary legislation on pharmaceuticals. The Pharmaceutical Code is implemented through secondary legislation (for example, regulations, communiqués, and guidelines) that further regulate various aspects of the pharmaceutical market, including the Regulation on the Licensing of Medicinal Products for Human Life Sciences Regulation in Turkey

Real Estate 2023

Real Estate 2023 Real estate practice in Turkey is not governed by a separate and dedicated body of law. Instead, Turkish real estate law is integrated into the general operation of civil law, and different aspects of real estate law are governed by chapters in codes of general operation. For full copy of the article, Real Estate 2023

Corporate M&A 2023

Corporate M&A 2023 2022 was one of the quietest years on a global level in terms of M&A activity, as the world continues to recover from the impacts of the COVID- 19 pandemic. The total activity decreased significantly due to the effects of new uncertainties such as the sanctions imposed on Russia, Europe’s energy security Corporate M&A 2023

An Introduction to Dispute Resolution

An Introduction to Dispute Resolution In many countries, Turkey included, the overburdened justice system has become a chronic problem. The negative effect of a gridlocked system on litigants seeking to right a wrong can be all too real. After all, justice delayed really is justice denied. For full copy of the article, please click here. An Introduction to Dispute Resolution

Regulation of State and Supplementary Pension Schemes in Turkey: Overview

Regulation of State and Supplementary Pension Schemes in Turkey: Overview The Q&A gives a high-level overview of the regulation of national government pensions and supplementary pensions. On national government pensions, it covers employer/employee contributions; national government pension age and monthly amount; and the public pensions body. For full copy of the article, please click here.  Regulation of State and Supplementary Pension Schemes in Turkey: Overview

Banking & Finance Bulletin Second Quarter of 2024

Hergüner’s Banking & Finance Team’s bulletin covering current developments in the sector has come out! This bulletin that covers the second quarter of 2024 examines the following issues; 📌Current Developments in the Sector 📌The Fintech Sector 📌Capital Markets 📌Banks and Other Financial Institutions You can access the full content here

Energy: Oil & Gas 2022

Energy: Oil & Gas 2022 Under the Turkish Petroleum Law, No 6491, the term “petroleum” includes crude oil and natural gas. Petroleum resources in Turkey are owned by, and are at the disposal of, the state. However, upstream interests are granted by way of licences with definite terms. In such cases, exploration licence and production Energy: Oil & Gas 2022

Lexis Nexis Hotels 2022

Lexis Nexis Hotels 2022 The Ministry of Culture and Tourism (the Ministry) is the competent governmental authority authorized to license and regulate hotels in the Republic of Turkey. For full copy of the article, please click here.    First published by LexisNexis Middle East, January 2022. 

Lexis Nexis Copyright 2022

Lexis Nexis Copyright 2022 The Code numbered 5846 on the Protection of Intellectual and Artistic Works (Copyright Code), which entered into force on 1 January 1952, governs copyright law. The Copyright Code has been amended several times in the past. However, it remains the main set of legislation on the matter. For full copy of Lexis Nexis Copyright 2022

Lexis Nexis Insurance & Reinsurance 2022

Lexis Nexis Insurance & Reinsurance 2022 The competent body regulating the insurance industry in the Republic of Turkey (Turkey) is the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) founded in İstanbul in 2020 by combining two former departments of the Ministry of Treasury and Finance, namely the General Directorate of Insurance and the Lexis Nexis Insurance & Reinsurance 2022

Lexis Nexis Franchising 2022

Lexis Nexis Franchising 2022 It is generally accepted by Turkish scholars that franchising agreements are of a sui generis nature which is governed by the general principles applicable to agreements of a similar kind (like distributorship agreements, agency agreements, sale and purchase agreements, or ordinary partnership as applicable). Franchising agreements are considered a type of Lexis Nexis Franchising 2022

Banking&Finance Bulletin – First Quarter 2024

Developments Regarding Inflation Accounting   The General Communiqué on Tax Procedure Law (Serial No: 555) (“Communiqué”) regarding inflation adjustment was published in the Official Gazette dated 30 December 2023 and numbered 32415 (Second Recurrent).   Inflation accounting is the process of determining the purchasing power of money in a given period compared to the purchasing Banking&Finance Bulletin – First Quarter 2024

Commercial Real Estate in Turkey 2022

Commercial Real Estate in Turkey 2022 During the past 12 months, the real estate and construction sectors have been subject to the effects of the novel coronavirus (COVID-19) pandemic and inflation. Housing sales numbers were high in 2020, especially due to the positive effect of low interest housing loans by public banks. The number of Commercial Real Estate in Turkey 2022

Turkish Air Operators Are Now Allowed To Conduct Commercial Transportation in Türkiye By Leasing Foreign-Registered Aircrafts

Turkish Air Operators Are Now Allowed To Conduct Commercial Transportation in Türkiye By Leasing Foreign-Registered Aircrafts “Law No. 7491 on Amendment of Certain Laws and Decree Laws” (“Omnibus Law”) published in the Official Gazette dated 28 December 2023 and numbered 32413 introduced a significant amendment to Article 31 of the Turkish Civil Aviation Law No. Turkish Air Operators Are Now Allowed To Conduct Commercial Transportation in Türkiye By Leasing Foreign-Registered Aircrafts

Private Client Law in Turkey 2022

Private Client Law in Turkey 2022 The official tax year for income tax runs from 1 January to 31 December. Tax declarations must be filed by the end of March the following calendar year and paid in two equal instalments in March and July. Despite their similarities, individual income tax and corporate income tax are Private Client Law in Turkey 2022

Competition Monthly / November 2023

Competition Monthly / November 2023 You may find out summaries of new decisions of the Turkish Competition Authority and administrative courts along with the latest developments in Turkish competition law. For full copy of the bulletin, please click here.