According to Article 106 of the Enforcement and Bankruptcy Law No. 2004 (the “Law”), the sale of the debtor’s seized goods shall be made by the enforcement office through auction upon the request of the debtor or the creditor. Provided…
According to Article 299 of the Turkish Code of Obligation No. 6098 (“TCO”), the parties to a lease agreement are the “lessor” and the “lessee”. Besides, Article 322/2 of the TCO states that “In residential and roofed business premises, the…
23 Ağustos 2022 tarihli ve 31932 sayılı Resmî Gazete’de yayımlanan Mesafeli Sözleşmeler Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik ile 27 Kasım 2014 tarihli ve 29188 sayılı Resmî Gazete’de yayımlanan Mesafeli Sözleşmeler Yönetmeliği’nde (“Yönetmelik”) önemli değişiklikler yapıldı. Değişikliklerle beraber “aracı hizmet sağlayıcı”…
18 Ağustos 2022 tarihli ve 31927 sayılı Resmî Gazete’de yayımlanan Alışveriş Merkezleri Hakkında Yönetmelikte Değişiklik Yapılmasına Dair Yönetmelik ile 26 Şubat 2016 tarihli ve 29636 sayılı Resmî Gazete’de yayımlanan Alışveriş Merkezleri Hakkında Yönetmelik’te (“Yönetmelik”) önemli değişiklikler yapıldı. Yönetmelik’te yapılan değişikliklerin…
Articles 1472 and 1481 of the Turkish Commercial Code No. 6102 (“TCC”) regulate the principle of subrogation in property insurance and liability insurance, respectively. The right of recourse arising from the principle of subrogation is that in the event of…
A minimum-term employment contract is a type of contract in which the employee undertakes the performance of work and the employer undertakes the payment of wages for a period not less than a certain period. In practice, it is generally…
Pursuant to Article 365 of the Turkish Commercial Code No. 6102 (“TCC”), joint stock companies are managed and represented by the board of directors [“Board”]. In fact, management and representation of joint stock companies are both a right and a…
Valuable residence tax is a duty paid by the owners, usufruct right holders, or in the absence of both of these, those making dispositions of a residential immovable property which has a value above a certain amount. According to Article…
A prepaid house sales contract is a perfect reciprocal contract where the consumer undertakes to pay the sale price of a residential real estate in advance or in installments, and where the developer undertakes to transfer or deliver the real…
The Banking Regulation and Supervision Agency (BRSA) states in its decision numbered 10250 dated 24 June 2022 that “although some companies do not have foreign currency debt or foreign currency liabilities, and even have an excess foreign currency position, they…
