Publications

Company Formation in Turkey

COMPANY FORMATION IN TURKEY As per the Foreign Direct Investment Law numbered 4875, the foreign investors have the same rights as per Turkish citizens to form a company in Turkey. The foreign investor willing to form a company would also be subject to the same laws and regulations as a local investor such as Turkish…

Data Protection Requirements of Foreign Banks Having Representative Offices in Turkey

Data Protection Requirements of Foreign Banks Having Representative Offices in Turkey The Turkish Personal Data Protection Board (the “Board”) has published the summary of its decision dated 23.06.2020 and numbered 2020/471 on the status of foreign banks having representative offices in Turkey. The Board has responded to the application of a foreign bank having a…

COVID-19 – Legal Impact on Commercial Contracts

COVID-19 – LEGAL IMPACT ON COMMERCIAL CONTRACTS The highly contagious COVID-19 outbreak is not only directly affecting our daily life but also any commercial relation/agreement. Following the WHOs declaration of COVID-19 as a “pandemic”, various governments including but not limited to the ones much affected by the said virus have started to take drastic measures…