Articles in the All about Turkish Law Category
All about Turkish Law, Newsletters, Real Property Law »
I - Introduction:
Stability and growth reached in the Turkish economy has attired attentions of foreign investors and foreign real persons to Turkish real estate market. The fact that Turkey has been attracting foreign investment created a need for new regulations on the right to real estate of foreign citizens. There have been many amendments in many regulations regarding this issue, especially in the Deed Law, and some part of these regulations has been cancelled by the Constitutional Court.
For this reason provisions of the Deed Law regarding right to real estate …
All about Turkish Law »
Although every marriage is supposed to last forever anyone might need to divorce. Therefore we would like to indicate the divorce causes in the Turkish law. These causes are separated into two main groups: private and general. Adultery, attempt against life, cruelty and serious insult, infamous crime and dishonorable conduct, willful desertion, insanity. General divorce causes are incompatibility causing the unity of marriage irretrievably declined, the divorces in which the spouse at fault may take an action against the other party, divorces by mutual agreement, actual separation.
We will now summarize …
All about Turkish Law, Contracts in Turkish Law »
Since the amendment of the Direct Foreign Investment Law on the 17.06.2003, there have been some changes in the existing system of corporate law. Differing from previous adjustments, obligations concerning permissions and minimum amount of capital are regulated in order to promote foreign investment. According to the Direct Foreign Investment Law; foreigner investors who directly make foreign investments are;
Foreign citizens
Turkish citizens who are residents in a foreign country
Legal entities and international enterprises which are established under a foreign country’s law. Foreign investors are entitled to establish new companies and branch …
All about Turkish Law »
Bank guarantees bear great importance in the contemporary international commercial dealings that can be achieved easily enabling the credits to be paid, being converted into cash.
Though the banks under risks due to bank guarantees these risks have been reduced by counter guarantees and by this system, banks stand by their development and accelerate the international trade.
Bank guarantees haven’t been regulated in Turkish Law by a different and private code. Bank guarantee is a kind of document for a task to be accomplished, payment of debts, delivery of goods etc. Being …
All about Turkish Law »
I- INTRODUCTION
A representative office can be defined as “Offices established by non-resident individuals and legal entities with social, cultural or economical purposes such as communication, entertainment, providing contacts, conducting market research at the country of investment, close follow up of business opportunities at the country of investment and offering information to the main company.”
Upon foreign investments legislation, the representative office’s conducting business activities is forbidden, therefore the economical structure of such offices has to be closely observed. Being banned of business activities, these offices should not have tax liabilities regarding …
All about Turkish Law, Real Property Law »
Paragraphs 7 and 8 of the article 35 of the Deed Law on acquisition of real estated by foreign citizens which was partially annulled by Constitutional Court on 11.4.2007 and article 36 which had been abrogated by the article 38 of the Law nr. 4916 on 19.07.2003 have been re-regulated..
By the first arrticle of the Law nr. 5782 on “Amendments in the Deed Law” [Law 5782] published on the Official Gazette nr. 26937 on the 15.7.2008, areas where foreign citizens and foreign investors cannot acqiure real estate have been defined …
All about Turkish Law »
In international trade, as a consequence of the nature of business transactions, there are some additional risks facing the buyer and seller, due to not knowing each other well. Different foreign exchange regime applications in both parties’ countries and probable political instability instances are the risk enhancing factors. Usage of banking transactions and technology in the international trade has lead the increasing of import and export figures and enhancing the risks in the worldwide. Therefore, the letter of credit is one of the bank warranties aiming to decrease the risks.
Banks …
All about Turkish Law, Useful Informations »
Commerce has been developing and bearing more importance in our age by means of the effect of globalization. Being indispensable for the economy and development of the countries , the problem concerning international trade is of great importance.
Recognition and execution of foreign court’s decrees is one of the most interested matters in commerce for the investors in our country. First of all, what is meant by execution must be explained. Recognition is one of the qualities of judicial decrees as a result of having absolute power, enable the substantial executions …

