In the Turkish legal system, the dissolution of joint stock companies may occur for various reasons. These reasons are regulated under both general and special provisions in the Turkish Commercial Code No. 6102. Upon dissolution, the liquidation process begins, ultimately resulting in the complete termination of the company’s legal personality. However, in certain circumstances, it...Read More

With the Communiqué Amending the Communiqué on Principles Regarding Venture Capital Investment Funds (Communiqué Amendment) published in the Official Gazette dated September 21, 2024 and numbered 32669, certain amendments were made to the Communiqué on Principles Regarding Venture Capital Investment Funds (Communiqué). With the Communiqué Amendment; Venture Capital Investment Funds’ Investments in Foreign Companies Made...Read More

With the entry into force of the “Decision on the Amendment of the Decision on the Implementation of Certain Articles of the Customs Law No. 4458” (Decision) published in the Official Gazette dated August 6, 2024 and numbered 32624, Articles 62/1 and 126 of the Council of Ministers Decision No. 2009/15481 K. dated 29/09/2009 were...Read More

In the Official Gazette dated July 24, 2024 and numbered 32611, Article 5 of the Communiqué on the Electronic General Assembly System to be Applied in the General Assemblies of Joint Stock Companies published in the Official Gazette dated 29/08/2012 and numbered 2839 was amended and this amendment entered into force on the date of...Read More

In its decision dated 14/3/2024 and numbered 2023/69 E., 2024/82 K. published in the Official Gazette dated 19/4/2024 and numbered 32522 (Decision), the Constitutional Court (AYM) ruled that the Additional Corporate Tax introduced by Law No. 7440 for the amounts exempted and deducted in the corporate tax return for the year 2022 and discounted corporate...Read More

The Communiqué (Amending Communiqué) Amending the Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Currency (Communiqué No: 2008-32/34) (Communiqué) prepared by the Ministry of Treasury and Finance entered into force after being published in the Official Gazette on February 28, 2024. As it is known, with the amendment made...Read More

Communiqué on Redetermination of Minimum Equity Amounts of Payment and Electronic Money Institutions was published in the Official Gazette on January 27, 2024 The Central Bank of the Republic of Turkey (CBRT) amended the Communiqué on the Redetermination of the Minimum Equity Amount of Payment and Electronic Money Institutions (Communiqué) published on 27/01/2024 and the...Read More

At the meeting of the Advertisement Board numbered 341 held on 9 January 2024, an important principle decision was taken regarding discount sale advertisements with the amendment made to the “Guideline on Advertisements Containing Price Information and Discount Sale Advertisements and Commercial Practices” in order to prevent consumer grievances through misleading advertisements and practices that...Read More

European Parliament and the Council of Europe reached a provisional agreement on the Artificial Intelligence Act (Act) that will be the first regulation on artificial intelligence on 09/12/2023. Act aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI. On the Act, Artificial Intelligence System...Read More

In response to appeals by Union de la Bijouterie Horlogerie and Pellegrin & Fils, France’s competition authority, the Autorité de la concurrence (Autorité), fined Rolex France for prohibiting its retailers from selling Rolex watches online for more than a decade. The selective distribution agreement regulating the dealings between Rolex and its retailers prohibited retailers from...Read More