New Regulation for The Hobby Gardens to Protect Farming Areas
OVERVIEW Today, factors such as urbanization, city crowd, noise, stress, etc. have increased people’s longing for nature and led them to find quiet areas away from the city. Hobby Gardens, which are based in England, have also been established in our country in order to provide people an option to escape and an engagement. Although […]
The Announcement by the Ministry of Treasury and Finance on FX And FX Indexed Contracts
With the Presidential Decree No. 85 dated September 12, 2018, it has been decided to keep the value of Turkish currency from losing value, a ban on contracts with foreign currency was imposed by adding to Decree No. 32 on the Protection of the Value of Turkish Currency (“Decree”). According to the Decree, except in […]
Delayed Provisions on Workplace Rents Came Into Force2
OVERVIEW Although the Turkish Code of Obligations No. 6098 (TCO) entered into force on 01/07/2012; with Article 53 of the Law on Amendment of Certain Laws and Decree Laws dated 04/07/2012 and numbered 6353, enforcement of Articles 323, 325, 331, 340, 342, 343, 344, 346 and 354 of the TCO has been delayed for 8 years as of 01/07/2012 for […]
Term of the Limitations on Profit Distribution Has Been Extended
Regarding the Provisional Article 13 added to the Turkish Commercial Code No. 6102 (“TCC”) on the date April 16, 2020, it is decided that only twenty-five percent of the net profit can be distributed for 2019, last year profits and free reserve stipends could not be distributed, and that the general assembly would not be […]
State’s Right Rates in Gold and Silver Mines Are Updated
In the Mining Law No. 3213, the principles and procedures regarding the exploration, operation, possessions and abandonment of mines in accordance with national interests are regulated. In the aforementioned law, the State right is defined as the part that falls to the state’s share of the income to be obtained through mining and the payment […]
Duration of the Termination Prohibition and Employers’ Option to Send Their Employees on Unpaid Leave are Extended
Regarding the Provisional Article 10 of the Labor Law dated 22/5/2003 and numbered 4857, published on the date 22/04/2020, for 3-months from the effective date of the article, regardless of whether it is within the scope of this Law or not, all type of contracts of labor or service cannot be terminated by the employer, […]
Information Note on Suspension of Legal Periods, Postponement of Hearings and Operating Principles of Consumer Arbitration Committees in the COVID-19 Period
COVID-19 Period and Judicial Amendments: A Brief Summary Due to the New Type of Coronavirus (COVID-19) pandemic, which has significantly affected the economy by significantly changing the market conditions and the social life due to the social health crisis it gave rise to in the world and in our country, arrangements have been made regarding […]
Amendments to the Anti-Smuggling Law with the Law No. 7242
Overview Law No. 7242 Amending the Law on the Execution of Sentences and Security Measures and Some Laws (“Law”), which is told to be aiming at preventing the spread of the COVID-19 in prisons, known as the “execution law” by the society and enacted as a “bag law” was published in the Official Gazette No. 31100 […]
Suspension of Meetings and Legal Periods of Consumer Arbitration Committees Within the Scope of COVID-19 Measures
Overview In order to reduce and prevent the spread of the new type of coronavirus (COVID-19) outbreak, which deepens its influence every day in the world and in our country, some measures are being implemented. In this context, a significant part of the judicial activities and the related periods have been suspended and a decision […]
Impact of COVID-19 Outbreak on Public Procurement Contracts
Overview Circular issued by the Presidency on the “Impact of COVID-19 Outbreak on Public Procurement Contracts” numbered 2020/5 and dated April 1, 2020 (“Circular”) has been published on the Official Gazette dated April 2, 2020 and numbered 31087. With the Circular, to summarize, the option of termination and time extension of the contract in respect of the […]