Turkish Banking Green Asset Reporting Obligation has officially commenced. A Communiqué on the Calculation of Green Assets of Banks is newly circuited in the Official Gazette dated April 11, 2025 and numbered 32867 (hereinafter as the Communiqué). The Communiqué is intended to measure the contribution of banks to the financing of environmentally sustainable economic activities. […]
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2025 Turkey’s Investment Plan has been adopted by the Coordination Council for the Improvement of Investment Environment, mainly known as YOİKK. 10 July 2025 is the date of the adoption decision. Turkish business lawyers should review all developments to navigate cross border clients on the way forward. Introduction 2025 Turkey’s Investment Plan was recently announced
Are you facing challenges trying to recover debt in Turkey from a debtor located there? For foreign companies and individuals, navigating the process of debt collection in Turkey can seem daunting due to distance, language barriers, and unfamiliarity with the local legal system. However, Turkish law provides effective mechanisms for creditors to pursue their claims.
Regulation on the Employer Responsibility for Deportation Costs of Foreigners is circulated in Türkiye. Employers will be held responsible for various expenses associated with employment of foreigners without any permit. Introduction After various discussions, the Regulation on the Employer Responsibility for Deportation Costs of Foreigners was published in the Official Gazette dated 23 July 2025
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Work permit in Turkey represents one of the most sensitive areas of legal framework for foreigners. Turkey’s strategic geographic position, expanding economy, and dynamic labor market have made it an increasingly attractive destination for foreign professionals. Individuals seeking to reside and work legally in Türkiye are required to complete the relevant residence and Work Permit
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2025 Türkiye Climate Law enters into force. Introduction of the new legislation about climate law establishes Türkiye’s determination on its own international commitments for climate efforts across the world. Introduction After the approval of the Turkish Grand National Assembly, the Climate Law numbered 7552 entered into force through the circuit of Official Gazette dated 9
Fundamental breach of contract means a violation of cornerstone features of a contract. That should be thorougly reviewed by particularly companies about their business relations. Take a look at our workings for corporate governance Corporate Governance Introduction There is no doubt that one of the core principles of Contract Law is that the parties are
Revision of the Regulation on Shopping Centers in Turkey is newly made. The amendment was published through the Official Gazette dated May 8, 2025 and numbered 32894. Please visit official website of the Official Gazette Introduction The Turkish government has enacted significant amendments to the Regulation on Shopping Centers, as published in the Official Gazette
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Implications of the 2025 Decision on Amending the Criteria for Independent Audit in Turkey should be throughly kept in mind by corporate managements. Criteria for Independent Audit in Turkey has been declared in theOfficial Gazette dated 1 May 2025 and numbered 32887. All business lawyers should analyze the implications of the regulatory change. Introduction Under Article
Double Turkish FinTech Regulations are in effect. Indeed the Communiqué on the Principles on the Establishment and Activities of Crypto Asset Service Providers numbered III-35/B.1 (hereinafter as the Communiqué III-35/B.1) and the Communiqué on Operational Procedures and Capital Adequacy of Crypto Asset Service Providers numbered III-35/B.2 (hereinafter as the III-35/B.2) (for both “Twin Communiqués) was
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