The Presidential decree numbered 2568 published in the Official Gazette dated 24 May 2020 and no. 31136 provides for a raise in the banking and insurance transaction tax (BITT) rate applied to foreign currency purchases. Effective from the date of publication of the decree, the BITT rate will be increased from 0.2% to 1%. However, the […]
The Turkish Banking Regulation and Supervision Agency (“BRSA”) issued a new regulation on 7 May 2020, which lists the actions and transactions that will be considered as manipulating and/or misleading financial markets (“Regulation”). The Regulation follows the amendment to the Banking Code, which came into force a little over 2 months ago, on 20 February […]
his article is one of many articles we have published in relation to the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. The Grand National Assembly of Turkey previously enacted the Law No. 7226 (“Law”) suspending all procedural deadlines until 30 April 2020 for the purpose of preventing any loss […]
This article is one of many articles we have published concerning the legal implications of COVID-19. Please click here for our “COVID-19 Insights” page and other articles. The Ministry of Family, Labor, and Social Services has been preparing a draft omnibus law aiming to prevent the negative impacts of COVID-19 on financial life. The said draft has […]
This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers might recall, we had announced previously that the Ministry of Family, Labor, and Social Services has been working on a draft omnibus law aiming to prevent the negative impacts […]
This article is one of many articles we have published concerning the legal implications of Covid-19. Please click here for our “Covid-19 Insights” page and other articles. As our readers might recall, we have announced via our client alert dated 10 April 2020 that the Ministry of Family, Labor, and Social Services has been working on a […]
Law No. 7244 on Reducing the Effects of COVID-19 Pandemic on Economic and Social Life is published in the Official Gazette today. As per the Law, certain measures are introduced and amendments are made accordingly which will have effect in different sectors. The below novelties in relation to Labor Law and Turkish Commercial Code are […]
The Covid-19 virus, which has affected the whole world, has brought our daily lives to a halt because of the danger it poses and it is expected to do so in the months ahead. As the virus keeps spreading faster and at higher rates compared to previous pandemics the world had faced, and due to […]
The novel coronavirus (Covid-19 disease) is having a deep impact on commercial life and gives rise to significant risks and challenges for businesses from all sectors. Businesses must act promptly and implement effective measures to mitigate these risks and challenges. Our “Covid-19 Insights” is designed to keep our clients abreast of the legal developments as […]
The Circular on the Effect of the COVID-19 Pandemic on Public Procurement Contracts No. 2020/5 (“Circular”), has entered into force upon its publication in the Official Gazette No. 31087 dated 2 April 2020, as measures to curb the adverse effects of the pandemic continue. The Circular covers contracts concluded following a tender opened under the […]
We have already shared with our readers the details of the precautions implemented to curb the spread of COVID-19 in Turkey. While COVID-19 continues to spread, on 25.03.2020, the Grand National Assembly enacted the Law No. 7226 (“Law”) on the suspension of the procedural deadlines for the purpose of preventing loss of any rights due to the […]
This second part of our article series analyses the subject from a labour law perspective. You can find our views with regards to the data protection aspect here. Due to the rapid spread of the novel coronavirus (hereinafter simply “coronavirus”) in the past couple of months, many workplaces around the world and in Turkey have implemented […]