Page 14 – Ongur Partners

Arbitration and Turkish Law

Arbitration and Turkish Law Introduction Arbitration is a private dispute resolution mechanism by an independent and impartial arbitrator based on the parties’ consent and backed by an international system of enforcement supported by States. International arbitration has become the principal method of resolving disputes between states, individuals, and corporations in almost every aspect of international trade, commerce, and investment. With its widespread importance in the present world where commercial life demands a quick and...

LEGAL SERVICES BETWEEN ITALY AND TURKEY

LEGAL SERVICES BETWEEN ITALY AND TURKEY Due to the rapid increase of mutual trade and investment between Turkey and Italy, today, it is not rare to see that Turkish companies/parties require to bring enforcement and/or court proceedings in Italy. Therefore, especially Turkish companies doing business with Italy frequently apply to our law firm for filing a lawsuit in Italy or initiating enforcement proceedings in Turkey or Italy. Firstly, since both Turkey and Italy use the civil law system, the dispute resolution processes to be...

İTALYA’DA DAVA AÇMAK

İTALYA’DA DAVA AÇMAK Türkiye ile İtalya arasında ticaret ve yatırımların karşılıklı olarak hızla artmakta. Bu sebeple günümüzde bazı durumlarda Türk şirketleri için İtalya’da icra takibi başlatılması ya da İtalya’da dava açılması zorunluluğunu beraberinde getirmektedir. Bu kapsamda, İtalya ile iş yapan Türk şirketleri, İtalya’da dava açmak ya da icra takibi başlatmak konularında sıklıkla hukuk büromuza başvurmaktadır. Öncelikle; hem Türkiye hem de İtalya’nın Kara Avrupası hukuk sistemini kullanması hukuki sebepleri barındırıyor. Bu...

HOW TO GET WORK AND RESIDENCE PERMIT IN TURKEY

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 CILF, persons who are characterized as foreigners, e.g. those who do not have a citizenship connection with the State of Republic of Turkey, are prohibited to work or to be employed...

İstanbul Arbitration Centre (ISTAC)

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 cases where Turkish law information required ISTAC provides unique solutions such as Fast Track Arbitration in Turkey, Emergency Arbitrator,...

Arbitration Clauses in Turkish Law

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 the drafting of an appropriate arbitration clause in their contracts in Turkey. Especially foreign parties of a contract should receive advice from a well-known arbitration...

The Impact Of The Covid-19 Pandemic In Turkey

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 provided by the Ministry of Health, as of June 21, 2020, 187.685 cases have been confirmed in Turkey while 4,950 deaths are reported. The measures adopted by the government throughout the pandemic have been...

Turkish Banking Law Numbered 5441

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 Article 2- The deposit banks, participation banks, develop-ment and investment banks, the branches in Turkey of such in-stitutions...

Taxation System In Turkey

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) Law. This Law comprises procedural and formal provisions of all tax laws. Taxes, duties and charges, and the ones that belong to provincial...

Law No 3238

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 task to constitute a modern defence industry in Turkey and to achieve the modernization of the Turkish Armed Forces. In order to attain this objective, the...