8 Sep 2016
Turkey’s Ministry of Finance (“Ministry”) has introduced new principles and procedures for suspending and prohibiting suspicious transactions. These aim to prevent laundering of criminal proceeds and terrorism financing. The rules apply to a wide range of entities, involved in […]
1 Sep 2016
EMRA (Energy Market Regulatory Authority), Turkey’s energy market regulator has amended electricity legislation, particularly focusing on consumer-facing aspects. The definition of “eligible consumer” has now changed to focus on the location, rather than individual. Changes also apply to billing […]
25 Aug 2016
Turkey has tightened up its postponement of bankruptcy regime. Bad faith debtors would regularly exploit the prior legislative arrangements and court processes, using them to threaten or bargain with their creditors by depriving them of enforcement and execution avenues […]
