25 Oct 2017
Turkey has ratified an additional protocol to the Convention on the Contract for the International Carriage of Goods by Road (“Convention”). Accordingly, consignment notes, as well as other related documents and communications, can now be made electronically. Electronic consignment […]
19 Oct 2017
Turkey’s Tobacco and Alcohol Market Regulatory Authority has announced a series of changes which collectively support competition among alcohol brands, for sellers of open alcoholic beverages. The changes include new requirements for sellers to stock multiple products within the […]
18 Oct 2017
IFLR1000 awarded rankings to Moroğlu Arseven in five practice areas for its 2016 Financial and Corporate awards. These include ranking the firm in Tier 4 for Mergers and Acquisitions, as well as identifying the firm as “Notable” for Banking, […]
12 Oct 2017
Turkey has introduced a new Financial Reporting Standard for Large and Medium-Sized Companies (“New Standard”), relevant to entities which are currently subject to independent audit, but are exempt from applying the Turkish Financial Reporting Standards. The New Standard will […]
4 Oct 2017
Turkey has introduced major changes to the legislative regime governing the various types of industrial zones. Changes include expanding the definition of “industrialist” to include IT and software, introducing a pre-registration system for industrial institutions, as well as introducing […]
30 Sep 2017
From 1 January 2018, Turkey’s Ministry of Family and Social Policies (“Ministry”) will cover employers’ share of insurance premiums for one year, provided certain conditions are met. The new scheme encourages private sector employers to hire people who were […]
28 Sep 2017
Turkey’s Ministry of Energy and Natural Resources (“Ministry”) has announced principles for organizing the National Mineral Resource and Reserve Reporting Commission (“Commission”), including principles for selecting members, as well as their respective duties. Among other things, the Commission is […]
14 Sep 2017
Turkey’s Ministry of Economy has updated secondary legislation to increase the lower and upper limits for administrative fines which are applied for supplying and distributing unsafe products to the market. The revised thresholds involve significant increases particularly for suppliers […]
7 Sep 2017
Turkey has extended the deadline for eligible energy projects to benefit from exemptions and discounts, adding five further years to become operational. Qualifying projects must now become operational by 31 December 2025 in order to receive the incentives available […]
31 Aug 2017
Turkey’s Constitutional Court recently considered the constitutionality of fixed administrative fines for breaches of electricity legislation or license terms. The court ruled by majority that a fixed administrative fine of TRY 500,000, regardless of the breach’s quality or consequences, […]
