INTRODUCTION In order to validity of contract, the immovable sales contract must be regulated formally.  Before The Law on the Amendment of the Law on Judges and Prosecutors and Some Other Legislation numbered 7413 (“The Law”), published in the Official Gazette No. 31880 and dated 28 June 2022 entered into force, only the Land Registry [...]

I. GENERAL INFORMATION I.1. The 1974 Athens Convention, and its successor the 2002 Protocol, provide a liability and insurance regime for passenger ships with regard to passengers and their luggage. Together, they aim to improve compensation for passengers who suffer damages and improve the safety of maritime transport.   The Convention and Protocol also [...]

INTRODUCTION With the 50th article of the Omnibus Law No. 7417 dated 1 July 2022, the temporary article 15 was added to the Corporate Tax Law No. 5520 and a new asset peace arrangement was made. The details of the new asset peace implementation are explained in the General Communiqué on Bringing Certain Assets [...]

A GUIDE TO ESTABLISHING COMPANY IN TÜRKİYE PDF

INTRODUCTION The Regulation on the Amendment of the Customs Regulation was published in the Official Gazette dated 25.05.2022 and numbered 31846. With the amendments, some articles of the customs regulation under the Customs Law No. 4458 have been changed. Articles 5, 6 and 7. will enter into force one month after the date of publication, [...]

1-How Can The Lease Agreement Be Terminated By The Landlord? Article 347. of the Turkish Code of Obligations (“TCO”) No. 6098 regulates the termination of the lease agreement by the landlord, while allocating it as a definite and indefinite term of lease agreement. In order to terminate agreements of definite term; ·         The landlord [...]

INTRODUCTION The Maritime Labour Convention provides clear guidelines when it comes to seafarers’ repatriation and the most relevant info is contained in guideline B2.5.1 – Entitlement para 6 1. Each Member should require that shipowners take responsibility for repatriation arrangements by appropriate and expeditious means. The normal mode of transport should be by air. [...]

INTRODUCTION The war that started in Ukraine brought many questions in the field of transportation, as Ukraine is a port country and an important place on the trade route to the northern countries.  Baltic and International Maritime Council (“BİMCO”) published a statement on the situation in Ukraine. (https://www.bimco.org/insights-and information/contracts/20220224-ukraine-situation) UKRAINE SITUATION – CONTRACTUAL IMPLICATIONS [...]

INTRODUCTION The rules regarding the safe, economic, rapid, high quality, environmental impact of dangerous goods transportation by sea, in harmony with other transportation activities, and ensuring the loading safety of cargoes transported by sea have been determined. In the regulation, the rules regarding the safe, economic, rapid, high quality, environment-friendly and harmonic transportation of dangerous [...]

INTRODUCTION On 12 October 2021, the Communiqué (Communiqué No: 2021- 32/62) was published in the Official Gazette by the Ministry of Treasury and Finance on the amendment of the "Communiqué No. 32 on the protection of the Turkish currency value (communiqué no: 2018/32/45)".   ARTICLE 1 – Sub-paragraph (g) of the first paragraph of [...]