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EFFECTS OF THE CONCORDATUM PERIOD ON PLEDGEES

Pursuant to Article 285 of the Enforcement and Bankruptcy Law (EBL), a debtor who is unable to pay their debts on time or is at risk of default may request a concordatum. During the period granted to the debtor upon such request, no enforcement proceedings may be initiated, and ongoing proceedings are suspended, in accordance with Article 294/1 of the EBL.

NEWS

M&A DYNAMICS IN PUBLICLY TRADED COMPANIES: NEW INVESTMENT STRATEGIES THROUGH BORSA ISTANBUL

In recent years, IPOs in Turkey have reached record levels. In 2023 and 2024, a large number of companies started trading in Borsa Istanbul as a result of initial public offerings (IPO) transactions. These IPOs, which attracted great interest from small investors, stand out as important strategic moves in which companies gain transparency and visibility, and also play a role as an important financing tool. With IPOs, publicly traded companies / partnerships are now drawing the attention of not only small investors but also domestic/foreign strategic and financial investors.

NEWS

THE COURT OF CASSATION ABANDONED ITS LONG-STANDING PRECEDENT REGARDING CONSTRUCTION CONRACTS IN RETURN FOR LAND SHARES, KNOWN AS "ADVANCE DEED"

Construction contracts in return for land shares are a common practice in the construction sector in Turkey.

Diğer Haberler

11 June 2025

Amendments To The Regulation On Distance Contracts: Return Shipping Fees And Right Of Withdrawal For Electronics

With the Regulation Amending the Regulation on Distance Contracts ("Amending Regulation") published in the Official Gazette dated May 24, 2025 and numbered 32909, important amendments were made regarding distance sales. The key changes introduced by the Amending Regulation are as follows:

DETAIL

30 May 2025

Alimony Against Inflation: Adjustmen of Alimony and the Issue of Payment in Foreign Currency

Alimony for supplementary welfare allowance and child support awarded by court judgment as a result of divorce cases is generally fixed at a certain amount and either remains the same over the years or is increased only within limited rates determined by the court. Similarly, the provisional alimony determined during the litigation process can become insufficient over time due to the prolonged duration of the proceedings and high inflation; this significantly hampers the effectiveness of alimony enforcement.

DETAIL

23 May 2025

Right To Compassionate Leave: Duration, Implementation And Assessment

Legal Basis and Definition of Compassionate Leave: In situations where an employee is unable to perform their work obligation due to certain personal circumstances in which, pursuant to the principle of good faith, the employer cannot reasonably expect the employee to work, the employee must be deemed to be on justified leave. Compassionate leave was introduced by Law No. 6645 in 2015 and is regulated under Additional Article 2 of the Turkish Labour Law No. 4857.

DETAIL

20 May 2025

The Right to Be Forgotten in the Context of Search Engines

IWith the rapid advancement of technology, personal data is increasingly recorded in digital environments and can be stored for long periods of time. This situation causes individuals' past negative experiences or changing opinions over time to remain constantly accessible. In particular, search engines make personal data widely accessible by indexing results that appear when searching individuals by their first and last names. Within this context, the "Right to Be Forgotten" stands out as the right of individuals to request the deletion of their personal data or the restriction of access to it in digital environments.

DETAIL

16 May 2025

The Penalty Clause in Turkish Law, Reduction of the Penalty Clause, and Practial Interpretations

One of the fundamental concepts of contract law, "penalty clauses" function as an important security for the creditor in the event that the debtor fails to properly perform their obligation. As an extension of the principle of freedom of contract, the parties may agree in advance to the payment of a specific amount in case the obligation is not performed at all or not performed correctly, thereby encouraging performance and easing the burden of proof for any damages that may arise.

DETAIL

13 May 2025

A Review on US Customs Tariffs and Its Impact on M&A Transactions

US President Donald Trump recently announced a "declaration of economic independence". Accordingly, a reciprocal tariff on all countries came into force. The tariff rate for Turkey was set at 10%, i.e. the minimum rate.

DETAIL

DAHA FAZLA YÜKLE