Yonatan

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

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

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

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.

It Is Expected That the Turkish Patent And Trademark Office Will Be Authorized To Revoke Trademarks

It Is Expected That the Turkish Patent And Trademark Office Will Be Authorized To Revoke Trademarks Article 26 of the Industrial Property Code numbered 6769 (the “IPC”) regulated the circumstances in which the Turkish Patent and Trademark Office (“TÜRKPATENT”) would be entitled to revoke a trademark. However, IPC postponed the entry into force of such … It Is Expected That the Turkish Patent And Trademark Office Will Be Authorized To Revoke Trademarks

Competition Monthly / October 2023

Competition Monthly / October 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.

Significant Regulations Introduced to Expedite Urban Regeneration

Significant Regulations Introduced to Expedite Urban Regeneration Following the earthquake disaster that struck our country in February 2023, an amendment to Law No. 6306 on the Regeneration of Areas Under Disaster Risk (“Law No. 6306”) entered the government’s agenda in order to expedite the urban regeneration process, especially with the earthquake expected in Istanbul in … Significant Regulations Introduced to Expedite Urban Regeneration

A New Legal Framework For Residential Leases Related to Tourism

A New Legal Framework For Residential Leases Related to Tourism Accommodation units in the tourism sector have recently been changing and residential leases for tourism purposes have become an important alternative in Türkiye. In light of this, providing a legal basis for short-term residential leases has become necessary due to an increase in unrecorded leases … A New Legal Framework For Residential Leases Related to Tourism

Recent Constitutional Court Decision on The Renunciation Of Paternity

Recent Constitutional Court Decision on The Renunciation Of Paternity Article 286/1 of the Turkish Civil Code No. 4721 (“TCC”) provides that “husbands may rebut the presumption of paternity by filing a lawsuit for the renunciation of paternity. This lawsuit is filed against the mother and the child.” As per the respective provision, the individuals entitled … Recent Constitutional Court Decision on The Renunciation Of Paternity

Amendments to Payment Services Regulation

The Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers Have Been Extensively Amended A regulation and a communiqué amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) and the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment … Amendments to Payment Services Regulation

Short Petitions for Appeal will be History

Short Petitions for Appeal will be History The Trabzon 2nd Criminal Court of First Instance applied to the Constitutional Court (contention of unconstitutionality) to annul the sentence under Article 273/1 of the Code of Criminal Procedure No. 5671 (“CCP”)  stipulating that a motion for appeal must be submitted “as of the pronouncement of the verdict”, … Short Petitions for Appeal will be History

Competition Monthly / September 2023

Competition Monthly / September 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.

Competition Monthly / August 2023

Competition Monthly / August 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.

Sanctions on Advertisements with “Dark Commercial Patterns”

Sanctions on advertisements with “dark commercial patterns” A new term in the advertisement sector has emerged: “Dark Commercial Patterns.” What is a Dark Commercial Pattern? OECD defines “Dark Commercial Patterns” as “a term that is used for practices commonly found in online user interfaces that lead consumers to make choices that may not be in … Sanctions on Advertisements with “Dark Commercial Patterns”

Energy: Oil & Gas 2023

Energy: Oil & Gas 2023 Our firm wrote the Turkey chapter in the Energy: Oil & Gas 2023 publication by Chambers and Partners. For full copy of the article, please click here.

Transnational Litigation Guide 2023

Transnational Litigation Guide 2023 Edition At the founding of the Republic, the Turkish legal system was primarily based on the legal system of Continental Europe. Over time, it developed into a unique system using the written multi-layered legislative framework of the Turkish Constitution, statutory codes, and secondary legislation as the primary sources of law. The … Transnational Litigation Guide 2023

New Regulations Empower Electric Vehicle Charging Operators to Establish Green Charging Stations

New Regulations Empower Electric Vehicle Charging Operators to Establish Green Charging Stations Pursuant to the amendment to the Regulation on Renewable Energy Resource Guarantee Certificates, starting on December 15, 2023, charging network operators who hold a license will be able to participate in the renewable energy resource guarantee system by signing a system participation agreement … New Regulations Empower Electric Vehicle Charging Operators to Establish Green Charging Stations