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NEWS LETTER 2 0 1 0

74

If the authorization document to be submitted by the company which

made the application pursuant to article 2 of the Land Law numbered

2644 does not bear the statement “company with foreign capital”, then

the official deed will bear the statement, “the company purchasing the

immovable does not have foreign capital, otherwise, the company hereby

accepts and considers that the immovable will be subject to the liquidation

process pursuant to article 36 of the Land Law numbered 2644” and will

be signed by the parties.

In the Circular, it is stated that the circulars dated 20.11.2008, numbered

2008/18 and dated 02.12.2008, numbered 2008/21 have been annulled.