INTRODUCTION Getting work and residence permit in Turkey is a significant issue with regards to the foreign employees of companies which will operate within Turkey. Rules regarding this procedure are set forth in the Code of International Labour Force, dated 28.7.2016 (hereinafter referred to as “CILF”). According to the second paragraph of Article 6 of […]
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İstanbul Arbitration Centre (ISTAC) Recently Arbitration in Turkey became a very important legal tool during the resolution of national or international dispute resolutions. The Istanbul Arbitration Centre (ISTAC) set up on the 26th of October 2015 as a neutral independent, and impartial institution providing dispute resolution services for international and domestic clients. Especially with the
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Arbitration Clauses in Turkish Law According to Turkish law, the arbitration clause has a very important role during the interpretation and/or implementation of any contract in Turkey. Considering the fact that arbitration is a very popular dispute resolution mechanism in Turkey the parties of any international or local contract should pay attention in terms of
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THE IMPACT OF THE COVID-19 PANDEMIC IN TURKEY Attorney Arzu Ongur – Attorney Selva Korkmazcan Işık* OVERVIEW Since the detection of the first case in Turkey on March 10, the coronavirus pandemic had a profound effect on social, financial, business, and legal life, similar to the rest of the world. According to the statistics
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Turkish Banking Law Numbered 5441 PART ONE General Provisions Objective Article 1-The objective of this law is to regulate the principles and procedures of ensuring confidence and stability in financial markets, the efficient functioning of the credit system and the pro-tection of the rights and interests of depositors. Scope
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Taxation System In Turkey THE REPUBLIC OF TURKEY MINISTRY OF FINANCE Revenue Administration TAX PROCEDURE LAW (Law No. 213, Official Gazette No. 10703 dated 10.01.1961) In Turkish taxation system; rights, burdens, ways of implementing mandates and carrying out duties along with principals of accrual are regulated by the Tax Procedure (TP)
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Law No 3238 Law No 3238 Law No:3238 ratified by the Turkish Parliament in 1985, established an institution capable of generating long term defence policies and principles, and supplementing them with a continuous flow of financial resources. The organization founded to fulfill these functions is the Undersecretariat for Defence Industries (SSM), assigned with the major
Turkish Mining Law THE TURKISH MINING LAW NUMBERED 3213 (AMENDMENTS BROUGHT BY LAW NUMBERED 5177 ARE ENTERED TO THE TEXT) Purpose: Article 1 – This Law establishes the principles and procedures with regard to exploring, operating, enjoying rightful ownership and renunciation of mines. Minerals: Article 2 – All kinds of
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The Constituon Of Turkish Republic THE CONSTITUTION OF THE REPUBLIC OF TURKEY PREAMBLE (As amended on October 17, 2001) In line with the concept of nationalism and the reforms and principles introduced by the founder of the Republic of Turkey, Atatürk, the immortal leader and the unrivalled hero, this Constitution, which affirms the
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Law For Foundation LAW FOR FOUNDATIONS (Official Gazette No. 3027, dated 13.06.1935) Law No. 2762 Passed On: 5.6.1935 FIRST CHAPTER Administrative Organs, Control Authorities Of The Foundations And Their Functions FIRST SECTION Administrative Organs And Control Authorities ARTICLE 1-The following foundations established before 4 October 1926 are administered by the General Directorate of Foundations:
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