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DO YOU NEED TO DEPOSIT A GUARANTEE/SECURITY TO FILE A LAWSUIT IN TURKEY?

Do you need to deposit a guarantee/security to file a lawsuit in Turkey? When non-Turkish citizens or non-residents file a lawsuit  or initiate enforcement proceedings in Turkey against a Turkish citizen or resident, and lose the case in the end, the counterparty is exposed to the risk that it may not be able to collect the losses and legal fees it has incurred because of the legal action taken against it. In order to avoid this situation, under Turkish Law, a security mechanism is foreseen for non-Turkish citizens or non-residents...

LITIGATION IN TURKEY

LITIGATION IN TURKEY   Introduction  Turkey is one of the increasingly important countries in a globalized world thanks to its unique location and growing economy, attracting investors or tourists from all over the world. As a consequence, legal disputes involving Turkey or Turkish parties sometimes become inevitable, leading to lawsuits that may have to be filed with Turkish courts. Basically, there are no significant differences in litigation for Turkish citizens and foreigners, with the...

ELECTRONIC BIDDING IN TURKISH TENDERS: EKAP SYSTEM

ELECTRONIC BIDDING IN TURKISH TENDERS: EKAP SYSTEMContracts made with real or legal persons by the administration by applying the public procurement procedure in order to meet the needs for goods, services or other kinds of actions are called “public procurement contracts”. As per Turkish Law, as a general principle, the administrative authorities are not free to conclude public procurement contracts with the parties they wish, instead they are obliged to hold a “public tender” that meets the standards set out by Law Nr. 4734, Law Nr....

THE ESTABLISHMENT AND OPERATION OF TURKISH FINANCING COMPANIES

THE ESTABLISHMENT AND OPERATION OF TURKISH FINANCING COMPANIES(A)      IntroductionFinancing companies are credit institutions that have come to being due to the needs of consumers as well as goods and services providers.  They can be defined as lending institutions that make payments directly to the suppliers of goods and services on behalf of the real or legal persons who purchase such goods or services, based on agreements entered into between the financing companies and the suppliers of goods and services. The operation of...

PROHIBITION FROM PARTICIPATING IN PUBLIC TENDERS

 PROHIBITION FROM PARTICIPATING IN PUBLIC TENDERS I.IntroductionPublic tenders in which real or legal persons participate in order to meet the public needs for goods or services are conducted by the administration through the application of the public procurement procedure.It is not rare to see that contractors bidding in public tenders fail to meet the standards set by the relevant legislation. Similarly, after the tender, the Contractors sometimes fail to fulfil the conditions agreed in the contract.In cases such...

TERMINATION OF PUBLIC PROCUREMENT CONTRACTS UNDER TURKISH LAW

 TERMINATION OF PUBLIC PROCUREMENT CONTRACTS UNDER TURKISH LAW I.IntroductionContracts made by the administration by applying the public procurement procedure with real or legal persons in order to meet the needs for goods, services or other kinds of actions are called "public procurement contracts". During the establishment, implementation and termination of these contracts, the fact that the Administration is in a financially stronger position compared to private law persons and the public procurement contract prices...

2021 REVISIONS TO ICC ARBITRATION RULES

2021 REVISIONS TO ICC ARBITRATION RULESNew ICC Arbitration Rules entered into force on 1 January 2021[1] with the aim of increasing the efficiency, flexibility and transparency of ICC arbitrations. In a nutshell, the new provisions in the revised rules give more flexibility and authority to the arbitral tribunals to decide on procedural matters and endorse an increased use of technology. Below is a brief overview of some of the noteworthy revisions and changes made to the 2021 Rules.New Threshold for Expedited Arbitration...

AMERİKAN VE TÜRK HUKUKUNDA HAVAYOLU TAŞIMACILIĞINDA TAZMİNAT

AMERİKAN VE TÜRK HUKUKUNDA HAVAYOLU TAŞIMACILIĞINDA TAZMİNAT Stj. Av. Bengisu ÇAYAN Tazminat kelimesi güncel Türkçe sözlüğe göre “Zarar karşılığı ödenen para, ödence” anlamına gelmektedir.[1] Yine Türk Hukuk Doktrinine göre zarar ile tazminat arasında sıkı bir bağlantı vardır ve zarar görenin malvarlığında meydana gelen eksilme zarar veren tarafından karşılanmalı, zararın tamamı giderilmelidir. Tazminatla zarar giderilmesi hususu değerlendirilirken Türk Hukukundaki temel ilke tazminatın zarar miktarını aşmadan hesaplanması, zarar...

ULUSLARARASI SÖZLEŞME HAZIRLAMA REHBERİ

Uluslararası Sözleşme Hazırlama RehberiAv. Deniz BAHADIR A.GİRİŞUluslararası ticaret hukuku, diğer bir değişle lex mercatoria[1] küresel ticaretin teknoloji ile beraber hızla gelişmesi ile son zamanlarda gündeme oturan hukuki tartışma konuları arasındadır. Zira bu alanda sözleşme düzenlemek sözleşme konusu mal veya hizmetlerin niteliği, sözleşme yapan tarafların uyruğu, sözleşmenin ifa yeri, edim konusu eşya ise bu eşyanın taşınması, hasar ve risk geçişi gibi alt başlıkların çok olması haliyle uluslararası ticari ilişkiler ve...

ULUSLARARASI SÖZLEŞMELER VE TAHKİM

ULUSLARARASI SÖZLEŞMELER VE TAHKİM Stj.Av. Bengisu ÇAYAN 1.GİRİŞKüreselleşen dünya ve doğal olarak uluslararası ticaretin artması çok uluslu, uluslararası sözleşmelerin yapılmasını ve bu tip sözleşmelerin sayısının artmasını kaçınılmaz hale getirmiştir. Uluslararası sözleşmelerin artması ile birlikte, bu sözleşmelerden doğan uyuşmazlıklar da buna bağlı olarak artmış ve sözleşmenin tarafları sözleşmelerin çok uluslu nitelikte olması nedeniyle sözleşmeden doğan uyuşmazlıkları çözmek için uluslarası uyuşmazlık çözüm yollarıyla karşı...