Akdoğan - Uslaş
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 […]
(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 […]
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) […]
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 […]
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 […]
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 […]
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 […]
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 […]
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”), […]
Any reasonable man would admit that material changes in a country’s political state and high profits in business always go hand in hand. For the last few years, this hypothesis has not been more proven anywhere in the world than it has been in Northern Iraq. As the part of the country which was least […]