201705.15
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New routes to acquire Turkish Citizenship under the New Regulation

New routes to acquire Turkish Citizenship under the New Regulation In this article, we intend to provide general information and procedure for the exceptional acquiring of a Turkish Citizenship under the new regulation introduced by the Turkish Government on 12.12.2016. Before moving into the new regulation in detail, under the current rules Turkish Citizenship can…

201606.14
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Structural changes on the unlicensed renewable electricity generation in Turkey

The new regulations for amending the Regulation on Unlicensed Electricity Generation in the Electricity Market (“Amendment Regulation”) and the Communiqué Amending the Communiqué on Unlicensed Electricity Generation in Electricity Market (“Amendment Communiqué”) were published in the Official Gazette on 23 March 2016 which entered into force on the same date. The amendment has structurally changed…

201604.15
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Real Estate Investment in Turkey

Turkish law allows all foreign real persons to purchase real estate in Turkey. Previously, foreign real persons could only purchase real estate in Turkey if their own country allowed Turkish citizens to purchase real estate there. While each property has its own specific considerations and requirements which may affect the procedures for acquisition, this article…

201508.16
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Looking at Anti-Bribery Legislation in Turkey and Beyond

Corruption is a widespread phenomenon in international business transactions all over the World. In accordance with corruption perception index 2014 results, published by Transparency International, Turkey is ranked 64 among 175 countries as most corrupted countries. The index also revealed that Turkey’s score of tackling corruption in 2014 were decreased from 50% to 45 %…

201412.31
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Turkey’s New Arbitration Centre

Turkish National Grand Assembly, after waiting a long time, enacted the Istanbul Arbitration Centre Law and on 29 November 2014, an act numbered 6570 for the establishment of the Istanbul Arbitration Centre was published in the Turkish Official Gazette. The enforcement date of the new law is on 1 January 2015. The Istanbul Arbitration Centre…

201408.09
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Possible issues in yacht construction

Turkish shipyards start super-yacht building projects without the signing of any formal contract. Without a well drafted, comprehensive yacht-building contract, the parties may fall into dispute easily, which may cause the whole project to fail Most market reports suggest that Turkish shipyards start super-yacht building projects without the signing of any formal contract. Without a well drafted, comprehensive yacht-building contract, the parties may fall into dispute easily, which may…

201408.09
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Company Incorporation in Turkey

It is true say that company incorporation process in Turkey is relaxed following implementation of new Turkish Commercial Code. However, in term of time, with it is length process Turkey is still well behind from most of the European countries. The new Commercial Code redefines some important aspects of company structure in Turkey. The New Turkish Commercial Code…

201408.09
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Developing Photovoltaic Power Plant in Turkey

According to the decision of Energy Market Regulatory Authority (EPDK) on 24 May 2012, EPDK is planning to accept photovoltaic power plant licence for total installed capacity of 600MW for production capacity by June 2013. The legislation required 12 months solar measurement for application for a production license. Currently, a number of companies undertaking measurement…