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Turkish Tobacco and Tobacco Products Markets from a Legal Standpoint 

27 June 2015 tarihinde, Admin-st tarafından yazılmıştır.

Law No. 4733 Regarding the Organization and Duties of the Tobacco and Alcohol Market Regulatory Authority (the “Law”) sets forth the general principles applicable in four markets in Turkey, which are (i) tobacco market, (ii) tobacco products market, (iii) alcohol market and (iv) alcoholic beverages market.  The Tobacco and Alcohol Market Regulatory Authority (“TAPDK”), as […]

Temporary Legal Protections under Turkish Law

tarihinde, Admin-st tarafından yazılmıştır.

(Preliminary Injunction and Preliminary Attachment) In an ideal world, anyone whose legally recognized rights are violated would have the right to apply to a competent judicial authority (normally a court) and seek appropriate remedy.  Fortunately, it is the case in Turkey.  However, in order not to face any unpleasant surprise at the end, one should […]

An Indispensable Tool in Business Life: Promissory Note

tarihinde, Admin-st tarafından yazılmıştır.

Thousands of commercial agreements are executed every day, most of the times with at least one party having a payment obligation. Although the said party may have the option to fulfil this obligation by paying cash on the due date, other means of payment such as negotiable instruments are also frequently used. From a Turkish […]

First Step in Turkey: Liaison Office or Branch?

tarihinde, Admin-st tarafından yazılmıştır.

The ongoing financial turmoil has caused foreign investors, which contemplate entering the Turkish market, to act more prudently.  The necessity of avoiding substantial tax liability and further hesitations as regards a new market have directed such investors to resort to more marginal solutions such as establishing a liaison office (irtibat burosu) or a branch (sube) […]

Compulsory Use of the Turkish Language in Agreements Executed in Turkey

tarihinde, Admin-st tarafından yazılmıştır.

One who does business in Turkey and reads the above heading may ask himself whether there is such a requirement.  Well, the answer is “Yes”, but only a few are aware of it.  On the other hand, the ones who still ignore the said requirement may face unpleasant situations such as the invalidity of a […]

Brokerage Agreement under Turkish Law

tarihinde, Admin-st tarafından yazılmıştır.

In case a legal conflict arises out of a certain agreement, the first thing to do is determining the nature of (i.e., identifying) that agreement in order to specify the applicable statutory provisions.  Misidentification of an agreement inevitably leads to wrong statutory provisions being applied to the same, which may have tragic consequences. Although frequently […]

How Can a Non-Turkish Company Open a Bank Account in Turkey?

tarihinde, Admin-st tarafından yazılmıştır.

Business has been truly global for years.  Nowadays, any company having a computer with an internet connection is theoretically capable of doing business worldwide.  In such a world, Turkey, with its strategic geographical position, may instantly become a commercial hub for many companies having no presence in it.  Business is usually too fast.  Accordingly, a […]

BRAND NEW REGULATION ON REAL ESTATE ACQUISITIONS IN TURKEY BY FOREIGN-OWNED TURKISH COMPANIES

14 April 2015 tarihinde, Admin-st tarafından yazılmıştır.

For almost a decade, real estate has undoubtedly been one of the hottest foreign investment sectors in Turkey. Needless to say that the enactment of liberal laws/regulations, which allow investors to acquire real estates much more conveniently than before, has played a major role in the latter. In Turkey, a body of laws composed of […]

NEW PROCEDURAL LAW TO SPEED UP COMMERCIAL LITIGATION IN TURKEY

tarihinde, Admin-st tarafından yazılmıştır.

The Turkish litigation practice has never had a positive image, especially from foreign companies’ standpoint. While the reasons for the latter are numerous, unacceptable duration of court proceedings, which may be up to 4-5 years including the appeal stage, has probably been the main factor. Accordingly, resorting to litigation by filing a court case before […]

TURKISH TOBACCO AND TOBACCO PRODUCTS MARKETS FROM A LEGAL STANDPOINT

tarihinde, Admin-st tarafından yazılmıştır.

Law No. 4733 Regarding the Organization and Duties of the Tobacco and Alcohol Market Regulatory Authority (the “Law”)1 sets forth the general principles applicable in four markets in Turkey, which are (i) tobacco market, (ii) tobacco products market, (iii) alcohol market and (iv) alcoholic beverages market2 . The Tobacco and Alcohol Market Regulatory Authority (“TAPDK”), […]