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Cancellation of the General Assembly Resolutions in Turkish Law

The general assembly resolution (“GAR”) is a legal act that may affect partners, creditors, directors, and employees.a

31 January, 2020

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Legal Update: Thresholds in Public Procurement Law of Turkey Increased

Thresholds values and monetary limits specified in the Public Procurement Law of Turkey are increased by 7.36 percent.

30 January, 2020

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Legal Update: Thresholds in Public Procurement Law of Turkey Increased

Thresholds values and monetary limits specified in the Public Procurement Law of Turkey are increased by 7.36 percent.

30 January, 2020

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New Criteria Set Forth for VERBIS Registration by Turkey’s Data Protection Authority

As briefed within our Legal Alert dated December 30,2019, the Authority has extended the deadline for the registration with the Data Controllers...

28 January, 2020

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Turkish Labor Law Perspective: Flight Personnel’s Status and Training Expenditures

The status of flight personnel under Turkish Labor Law is exceptional since they have been exempted from the Turkish Labor Law numbered 4857 (“Law No. 4857”) by its 4th Article.

22 January, 2020

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Defense Contracts Perspective: Do the Government Acts Qualify as Force Majeure As Per Turkish Law?

Political fluctuations in recent years have undoubtedly affected the defense industry.

21 January, 2020

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A Controversial Issue : Arbitrability of Corporate Disputes in Joint Stock Companies under Turkish Law

This study focuses the arbitrability of corporate law disputes and the validity of arbitration clauses designated in the articles of association (“AoA”) of joint stock companies under Turkish Law.

17 January, 2020

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Bank Guarantee Letters Liquidated Without a Just Cause as per Turkish Law

The parties of a contract (“main contract”) may require the counter party to commit certain guarantees in order to protect their rights in case of a violation of certain contractual obligations such as delivery of a product or a service.

13 January, 2020

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A Way Out to Enforce Letter of Guarantees under an Arbitration Clause in Turkey

Letter of guarantees are widely preferred as a security since they make it possible to collect the agreed amount as per the transaction without the need to conduct any further proceedings.

13 January, 2020

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Legal Update: A Way for Foreign Investors to Lose Their Share “Privileges” As Per Turkish Law

Communique no. II-28.1 on the Principles of the Abolishment of Privileges on Voting and Privileges to be Represented on the Board of Directors by the Capital Markets Board of Turkey was published in Official Gazette numbered 31004, dated January 10, 2020.

13 January, 2020

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