NewsLetter

Draft For Improvement of Investment Environment 5 February 2018

“The Draft Law on the Amendment of Certain Laws for the Improvement of the Investment Environment” is submitted to the National Parliament on the 30th January 2018, however it is not enacted yet for the moment. It is expected that significant changes in commercial practice will come into force after the amendments are ratified by [...]

Draft For Improvement of Investment Environment 5 February 2018 2018-02-05T13:15:30+00:00

Arbitration in Public Tenders 22 January 2018

Arbitration is accepted as a way of settling disputes arising from public tenders for product purchase, consulting and service procurement, construction works and framework agreement tenders. The related regulations are published in the Official Gazette dated 30th December 2017. Pursuant to the relevant regulations, the administration can choose either Turkish Courts or İstanbul Arbitration Centre [...]

Arbitration in Public Tenders 22 January 2018 2018-01-22T12:07:55+00:00

Regulation on Registration, Evaluation, Authorization and Restriction of Chemicals 22 January 2018

REGULATION ON REGISTRATION, EVALUATION, AUTHORIZATION AND RESTRICTION OF CHEMICALS Regulation 1907/2006/EC on Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), regulating the production, import and use principles of the European Union concerning chemical substances entered into force on 1 June 2007. The REACH Regulation requires companies manufacturing or importing more than 1 ton per year [...]

Regulation on Registration, Evaluation, Authorization and Restriction of Chemicals 22 January 2018 2018-01-22T12:05:04+00:00

Regulation on Data Controller 22 January 2018

Regulation on Data Controller Registry (“Regulation”) is published in the Official Gazette on 30 December 2017. The Regulation is based upon the Law No. 6698 on Protection of Personal Data ("Law"). The Purpose and Scope of the Regulation The purpose of this Regulation is to establish and enforce the procedures and principles regarding the creation [...]

Regulation on Data Controller 22 January 2018 2018-01-22T11:59:40+00:00

Communiqué On Increasing The Monetary Limits In The Consumer Arbitration Committee Regulation 5 January 2018

COMMUNIQUÉ ON INCREASING THE MONETARY LIMITS IN THE CONSUMER ARBITRATION COMMITTEE REGULATION Communiqué On Increasing The Monetary Limits In The Consumer Arbitration Committee Regulation(“Communiqué”)is published in the Official Gazette on the 31 December 2017. This Communiqué is prepared based upon the Article 6 of the Consumer Arbitration Committee Regulation ("Regulation"). The Purpose and Scope The purpose [...]

Communiqué On Increasing The Monetary Limits In The Consumer Arbitration Committee Regulation 5 January 2018 2018-01-06T20:57:15+00:00

Decision of Minimum Wage Determination Commission 5 January 2018

Decision of Minimum Wage Determination Commission Minimum Wage Determination Commission determined the single minimum wage at national level to be effective between 1.1.2018 and 31.12.2018. Minimum wage determined as 67,25 Turkish Liras in exchange for a worker’s daily work. The Commission announced the  gross minimum wage for the above mentioned period as  2.029,50 TL. Calculation [...]

Decision of Minimum Wage Determination Commission 5 January 2018 2018-01-06T20:54:48+00:00

Tax Reduction For The Eligible Tax Payers 5 January 2018

TAX REDUCTION FOR THE ELIGIBLE TAX PAYERS The General Communiqué on Income Tax (the "Communiqué") is published in the Official Gazette on the 23th December 2017. The Communiqué is prepared based on the Income Tax Law Numbered 193 ("Law No. 193") and the Law on Restructuring of Certain Receivables and Changes in Decrees on Certain [...]

Tax Reduction For The Eligible Tax Payers 5 January 2018 2018-01-06T20:51:37+00:00

The New Labor Courts Law Nr. 7036 – 5 January 2018

THE NEW LABOR COURTS LAW NR.7036 The new Labor Courts Law numbered 7036 (“Law”), which was published in the Official Gazette on 25th October 2017, adopted, mandatory mediation as cause of action. Mandatory Mediation as Cause of Action As of 1st January 2018, the parties (both employees and employers) shall be obliged to apply to [...]

The New Labor Courts Law Nr. 7036 – 5 January 2018 2018-01-06T20:41:55+00:00

Amendments on Private Pension System and Gradual Transition System 22 December 2017

AMENDMENTS ON PRIVATE PENSION SYSTEM AND GRADUAL TRANSITION SYSTEM Regulation on the Amendment of the Regulation on the Individual Pension System (the "Regulation") is published in the Official Gazette on the 17th December 2017. The Regulation is prepared basing upon the Individual Pension Savings and Investment System Law Nr: 4632 (the "Law"). The Purpose and [...]

Amendments on Private Pension System and Gradual Transition System 22 December 2017 2017-12-23T10:40:42+00:00

The Regulation on Amendment of the Implementation Regulation on Construction Works 22 December 2017

REGULATION ON THE AMENDMENT OF THE IMPLEMENTATION REGULATION ON CONSTRUCTION WORKS The Regulation on Amendment of the Implementation Regulation on Construction Works is published in the Official Gazette on the 14th December 2017. The Regulation is issued upon the Article 53 of the Public Procurement Law Nr. 4734 (“Law”) The Purpose and Scope of the [...]

The Regulation on Amendment of the Implementation Regulation on Construction Works 22 December 2017 2017-12-23T10:41:06+00:00