Recent Keynotes of July 2021
International Agreements
- The Resolution of the President dated 25.06.2021 and numbered 4161 on the Approval of the Free Trade Agreement between the Republic of Turkey and Bosnia and Herzegovina, was published in the Official Gazette dated 25.06.2021 and numbered 31522 (bis).
- The Resolution of the President dated 07.07.2021 and numbered 4237 on the Approval of the Protocol of the Ninth Session of the Intergovernmental Joint Economic Commission between the Republic of Turkey and the Republic of Azerbaijan, was published in the Official Gazette dated 08.07.2021 and numbered 31535.
- The Resolution of the President dated 13.07.2021 and numbered 4270 on the Approval of the Exchanged Attached Letters Regarding the Extension of the Enforcement Period of the February 9, 1999 Agreement Between the Republic of Turkey and the United Nations Industrial Development Organization (UNIDO) Regarding the Establishment of a UNIDO Center for Regional Cooperation in Turkey for a period of 5 years, effective from February 15, 2020, was published in the Official Gazette dated 14.07.2021 and numbered 31541.
- The Resolution of the President dated 13.07.2021 and numbered 4271 on the Entry into Force of the Attached Loan Agreement Regarding the Provision of a Loan Up to USD 500,000,000 by the Republic of Turkey to the Turkish Republic of Northern Cyprus, which was signed on 24.06.2021, was published in the Official Gazette dated 14.07.2021 and numbered 31541.
Resolutions of the President
- The Resolution of the President dated 21.06.2021 and numbered 4091 on the Resource Utilization Support Fund Deduction entered into force through publication in the Official Gazette dated 22.06.2021 and numbered 31519.
- The Resolution of the President dated 21.06.2021 and numbered 4092 on the Reinsurance Support to be Undertaken by the State to the State-Funded Commercial Credit Insurance System entered into force through publication in the Official Gazette dated 22.06.2021 and numbered 31519.
- The Resolution of the President dated 23.06.2021 and numbered 4127 on the Amendment to the Status of the Association of Leasing, Factoring and Financing Companies entered into force through publication in the Official Gazette dated 24.06.2021 and numbered 31521.
- The Resolution of the President dated 24.06.2021 and numbered 4137 on the Non-Enforcement of Paragraph (3) of Article 12 of the Special Consumption Tax Law No. 4760 for the Period of July-December 2021, entered into force through publication in the Official Gazette dated 25.06.2021 and numbered 31522.
- The Resolution of the President dated 24.06.2021 and numbered 4145 on the Annulment of the Private Hospitals Directive, was published in the Official Gazette dated 25.06.2021 and numbered 31522.
- The Resolution of the President dated 28.06.2021 and numbered 4191 on the Amendment of the Resolution on State Aid in Investments, was published in the Official Gazette dated 29.06.2021 and numbered 31526. Various provisions of this Resolution enter into force on different dates.
- The Resolution of the President dated 29.06.2021 and numbered 4196 on the Extension of the Periods in the First, Second and Fifth Paragraphs of Provisional Article 93 of the Income Tax Law No. 193 by 6 Months from the Expiration Dates, was published in the Official Gazette dated 30.06.2021 and numbered 31527.
- The Resolution of the President dated 13.07.2021 and numbered 4299 on the Extension of the Enforcement Period of Provisional Article 32 of Banking Law No. 5411 for Two Years, was published in the Official Gazette dated 15.07.2021 and numbered 31542.
- The Resolution of the President dated 15.07.2021 and numbered 4307 on the Enforcement of the Attached Resolution Amending the General Investment and Financing Program of State Economic Enterprises and their Subsidiaries for 2021, was published in the Official Gazette dated 16.07.2021 and numbered 31543.
Legislation
- The Regulation on the Amendment to the Implementation Regulation on the Framework Agreement Tenders was published in the Official Gazette dated 20.06.2021 and numbered 31517. Various provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Implementation Regulation of Consultancy Service Procurement Tenders was published in the Official Gazette dated 20.06.2021 and numbered 31517. Various provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Implementation Regulation on Electronic Tenders was published in the Official Gazette dated 20.06.2021 and numbered 31517. Various provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Implementation Regulation on Service Procurement Tenders was published in the Official Gazette dated 20.06.2021 and numbered 31517. Various provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Regulation on Applications for Tenders was published in the Official Gazette dated 20.06.2021 and numbered 31517. Various provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Implementation Regulation on Construction Affairs Tenders was published in the Official Gazette dated 20.06.2021 and numbered 31517. Various provisions of this Regulation enter into force on different dates.
- The Communiqué on the Amendment to the Communiqué on Applications for Tenders was published in the Official Gazette dated 20.06.2021 and numbered 31517. This Communiqué enters into force on 20.07.2021.
- The Communiqué on the Amendment to the Public Tenders General Communiqué was published in the Official Gazette dated 20.06.2021 and numbered 31517. Various provisions of this Communiqué enter into force on different dates.
- The Communiqué on Restructuring of Customs Receivables within the Scope of Law No. 7326 entered into force through publication in the Official Gazette dated 21.06.2021 and numbered 31518.
- The Customs General Communiqué (Tariff-Classification Rules) (Serial No: 35) entered into force through publication in the Official Gazette dated 24.06.2021 and numbered 31521.
- The Regulation on Packaging Waste Control entered into force through publication in the Official Gazette dated 26.06.2021 and numbered 31523.
- The Regulation on the Applicant’s Identity Verification Process in the Electronic Communications Sector was published in the Official Gazette dated 26.06.2021 and numbered 31523. This Regulation enters into force on 31.12.2021.
- The Tax Procedure Law General Communiqué (Serial No:528) entered into force through publication in the Official Gazette dated 26.06.2021 and numbered 31523.
- The Regulation on the Amendment to the Regulation on Accounting Practices and Financial Statements of Leasing, Factoring and Financing Companies entered into force through publication in the Official Gazette dated 29.06.2021 and numbered 31526.
- The Regulation on the Amendment to the Regulation on the Uniform Accounting Plan entered into force through publication in the Official Gazette dated 29.06.2021 and numbered 31526.
- The Regulation on the Execution of Hearings by Transmission of Audio and Video in Civil Proceedings entered into force through publication in the Official Gazette dated 30.06.2021 and numbered 31527.
- The Communiqué (No: 2021/4) on the Amendment to the Communiqué on Required Reserves (No: 2013/15) was published in the Official Gazette dated 01.07.2021 and numbered 31528. This Communiqué enters into force on 19.07.2021.
- The Regulation on the Amendment to the Regulation on the Principles and Rules to be Implemented in Retail Trade entered into force through publication in the Official Gazette dated 02.07.2021 and numbered 31529.
- The Communiqué on the Amendment to the Communiqué on the Registered Electronic Mail Directory and Registered Electronic Mail Account Addresses entered into force through publication in the Official Gazette dated 03.07.2021 and numbered 31530.
- The Regulation on the Amendment to the Regulation on the Employment of Personnel of Foreign Nationality in Foreign Direct Investment entered into force through publication in the Official Gazette dated 06.07.2021 and numbered 31533.
- The Regulation on the Amendment to the Regulation on Private Employment Agencies entered into force through publication in the Official Gazette dated 06.07.2021 and numbered 31533.
- The Regulation on the Amendment to the Regulation on Foreign Employment Services entered into force through publication in the Official Gazette dated 06.07.2021 and numbered 31533.
- The Regulation on the Amendment to the Regulation on the Recording and Registration of Literary and Artistic Works was published in the Official Gazette dated 06.07.2021 and numbered 31533. This Regulation enters into force on 01.01.2022.
- The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Classification of Loans and Provisions to be Set Aside for Them entered into force through publication in the Official Gazette dated 06.07.2021 and numbered 31533.
- The Regulation on the Amendment to the Regulation on Loan Operations of Banks entered into force through publication in the Official Gazette dated 08.07.2021 and numbered 31535.
- The Regulation on the Amendment to the Regulation on Zoning of Planned Areas entered into force through publication in the Official Gazette dated 11.07.2021 and numbered 31538.
- The Regulation on the Amendment to the Regulation on Zoning of Unplanned Areas entered into force through publication in the Official Gazette dated 11.07.2021 and numbered 31538.
- The Tax Procedure Law General Communiqué (Serial No:529) entered into force through publication in the Official Gazette dated 13.07.2021 and numbered 31540.
- The Regulation on Ministry of Industry and Technology Market Surveillance and Inspection entered into force through publication in the Official Gazette dated 14.07.2021 and numbered 31531.
- The Regulation on Establishment and Operating Principles of Asset Management Companies and Transactions Regarding Receivables to be Acquired entered into force through publication in the Official Gazette dated 14.07.2021 and numbered 31531.
- The Regulation on the Procedures and Principles Regarding Official Deeds Issued by Land Registry Offices entered into force through publication in the Official Gazette dated 15.07.2021 and numbered 31542.
- The Regulation on the Settlement Procedure for Investigations on Competition-Restricting Agreements, Concerted Practices and Decisions and Abuse of Dominant Position entered into force through publication in the Official Gazette dated 15.07.2021 and numbered 31542.
- The General Communiqué on National Real Estate (Serial No:405) entered into force through publication in the Official Gazette dated 15.07.2021 and numbered 31542.
- The Tax Procedure Law General Communiqué (Serial No: 530) entered into force through publication in the Official Gazette dated 16.07.2021 and numbered 31543.
- The Communiqué on Project-Based Securities (III-61/B.1) entered into force through publication in the Official Gazette dated 17.07.2021 and numbered 31544.
- The Communiqué on the Amendment to the Communiqué on General Technical Specifications of Construction Affairs, Machinery and Electrical Installations (Communiqué No: YFK-2007/1) entered into force through publication in the Official Gazette dated 18.07.2021 and numbered 31545.
Mergers and Acquisitions
- The Competition Board (“Board”) authorized the acquisition of the sole control of Agility Logistics International B.V. and Agility International GIL Holdings I Limited by DSV Panalpina A/S. (24.06.2021, 21-32/419-211)
- The Board authorized the acquisition of the sole control of Yargıcı Konfeksiyon İhracat ve Ticaret A.Ş by GB Retail Investments Holding B.V., which is the majority shareholder. (24.06.2021, 21-32/418-210)
- The Board authorized the acquisition of the sole control of PayTR Ödeme ve Elektronik Para Kuruluşu A.Ş. by Financial Technologies S.a.r.l., which is under the control of Actera Group. (24.06.2021, 21-32/417-209)
- The Board authorized the establishment of a new joint venture in the Kingdom of Saudi Arabia by Linde Holdings Netherlands BV, which is a wholly owned subsidiary of Linde GmbH’s, and Sahara International Petrochemical Company. (24.06.2021, 21-32/416-208)
- The Board conditionally authorized the acquisition of the sole control of Biletal İç ve Dış Ticaret A.Ş. by Obilet Bilişim Sistemleri A.Ş. (, 21-33/449-224)
- The Board authorized the acquisition of the sole control of Natura Gıda Sanayi ve Ticaret A.Ş. by Luxembourg Investment Company 436 Sarl which is under the control of Foxford Capital L5 DAC. (01.07.2021, 21-33/447-223)
- The Board authorized the acquisition of the sole control of Carlisle Fluid Technologies, Inc. and certain subsidiaries of Carlisle Brake & Friction business lines, which is one of the assets, by One Rock Capital Partners LLC through BRWS Parent LLC, which operates as CentroMotion. (01.07.2021, 21-33/442-221)
- The Board authorized the acquisition of the GE Capital Aviation Services business line of General Electric Company by AerCap Holdings N.V. (01.07.2021, 21-33/439-220)
- The Board authorized the establishment of joint control over MAF Colombia SAS by Toyota Financial Services Corporation, a wholly owned subsidiary of Toyota Motor Corporation with Mitsui & Co., Ltd. through share purchase. (01.07.2021, 21-33/437-218)
- The Board authorized the establishment of a fully functional joint venture through Britannic Strategies Limited and Sinopec Fuel Oil Sales Co., Ltd, which is indirectly wholly owned and solely controlled by BP plc. and between Sinopec Fuel Oil. (Singapore) Pte. Ltd., which is indirectly wholly owned and solely controlled by China Petrochemical Corporation with the title BP Sinopec Marine Fuels Pte. Ltd. (01.07.2021, 21-33/436-217)
- The Board authorized the acquisition of the sole control of Continental Confectionery Company Gıda San. ve Tic. A.Ş. by Yıldız Holding A.Ş. (01.07.2021, 21-33/431-216)
- The Board authorized the acquisition of the tenancy rights and fixtures of the two stores of Adese Gayrimenkul Yatırım A.Ş., which are located in Konya Ereğli and Konya Selçuk, by Migros Ticaret A.Ş. (01.07.2021, 21-33/430-215)
- The Board authorized the acquisition of the sole control of The Bountiful Company and its current business line by Nestlé S.A., excluding i.) NBTY Limited and its subsidiaries, ii.) Vita Health Products Inc., and iii.) business lines associated with the Pure Protein, Body Fortress, Met-Rx, Balance Bar and Best Bar Ever brands. (01.07.2021, 21-33/429-214)
- The Board authorized the indirectly acquisition of the joint control of Avatar TopCo, Inc. which is the ultimate holding company of EAB Global Inc. and currently under the sole control of Vista Equity Partners Management LLC by BC Partners LLP through Electron Holdings L.P. (01.07.2021, 21-33/428-213)
- The Board authorized the acquisition of the sole control of Florya Gayrimenkul Yatırım İnşaat Turizm Sanayi ve Ticaret A.Ş. by Folkart Yapı Sanayi ve Ticaret A.Ş. (08.07.2021, 21-34/480-BD)
- The Board authorized the acquisition of the sole control of Batıçim Batı Anadolu Çimento Sanayii A.Ş. by Çiftay İnşaat Taahhüt ve Ticaret A.Ş. (08.07.2021, 21-34/477-239)
- The Board authorized the acquisition of the joint control of Digital Charging Solutions GmbH, which is under the joint control of Bayerische Motoren Werke Aktiengesellschaft and Daimler AG, ultimately by BP Europa SE, which is under the control of BP plc through share purchase. (08.07.2021, 21-34/465-235)
- The Board authorized the acquisition of the joint control of NeoT Green Mobility which is under the joint control of Mitsubishi Corporation, EDF Pulse Croissance and Caisse des Dépôts et Consignations by 3i EOPF France Topco S.à.r.l, Mirova-Eurofideme 4 and Caisse des Dépôts et Consignations. (08.07.2021, 21-34/462-233)
- The Board authorized the acquisition of the sole control of synthetic rubber operations of Trinseo S.A. by Synthos S.A. (08.07.2021, 21-34/458-231)
- The Board authorized the acquisition of the joint control of Green Films Acquisition Holdings, Inc. which is the parent company of Charter Next Generation Inc. by Films TopCo, LP, a special purpose company, which is under the joint control of funds managed/advised by KKR & Co. Inc., which is a special purpose company, and funds managed by Leonard Green & Partners, L.P.’s subsidiaries. (07.2021, 21-34/456-230)
- The Board authorized the establishment of a joint venture through the acquisition of the joint control of Safir Tuz Gıda Maden Pazarlama Nakliyat İnşaat İthalat İhracat Sanayi ve Ticaret AŞ. and Safir Kaya Tuzu Madencilik İnşaat Lojistik Teknoloji AŞ., which are currently under the sole control of Nihat Özpinar, by Salinen Beteiligungs GmbH, wholly owned by Österreichische Salinen Aktiengesellschaft. (08.07.2021, 21-34/455-229)
- The Board authorized the transfer of PNS Pendik Nişasta Sanayi A.Ş. to the joint control of Cargill Tarım ve Gıda Sanayi Ticaret A.Ş. and Alpinvest Yatırım Gıda Sanayi ve Ticaret A.Ş., through the acquisition of certain shares of PNS Pendik Nişasta Sanayi A.Ş. by Alpinvest Yatırım Gıda Sanayi ve Ticaret A.Ş. from Yıldız Holding A.Ş. (08.07.2021, 21-34/454-228)
- The Board authorized the acquisition of the joint control of Trader Interactive LLC, an existing joint venture by Carsales.com Limited through Carsales Holdings US, LLC. (08.07.2021, 21-34/450-225)
- The Board authorized the acquisition of the sole control of Eastman Tire Additives (Rubber Additives) business lines of Eastman Chemical Company by One Rock Capital Partners LLC. (14.07.2021, 21-35/514-250)
- The Board authorized the acquisition of the sole control of Coventya Holding SAS by Element Solutions Inc. (14.07.2021, 21-35/513-249)
- The Board authorized the acquisition of the sole control of Etablissements J. Soufflet ultimately by InVivo Group owned by Union InVivo. (14.07.2021, 21-35/511-248)
- The Board authorized the establishment of a joint control over Varzene Metal Sanayi ve Ticaret A.Ş. through the transfer of certain shares of Varzene Metal Sanayi ve Ticaret A.Ş., which is under the sole control of İsmail Demirkaya, to TUSAŞ Motor Sanayii A.Ş. (14.07.2021, 21-35/505-247)
- The Board authorized the acquisition of the sole control of Willis Towers Watson Public Limited Company by Aon plc. within the framework of the submitted commitments. (14.07.2021, 21-35/505-247)
- The Board authorized the acquisition of the sole control of SVP-Singer Holdings, Inc. by Platinum Equity LLC. (14.07.2021, 21-35/502-245)
- The Board authorized the acquisition of the joint control of Planet Payment Group, which is currently under the sole control of Eurazeo SE by Advent International Corporation. (14.07.2021, 21-35/500-244)
- The Board authorized the acquisition of the certain shares of ISS Tesis Yönetim Hizmetleri Ticaret A.Ş. by Skylander S.âr.l which is under the control of Actera Group. (14.07.2021, 21-35/493-243)
- The Board authorized the acquisition of the joint control over a new joint venture by Baker Hughes Company and Akastor ASA. (14.07.2021, 21-35/492-242)
- The Board authorized the acquisition of the joint control of Chipita Industrial and Commercial Company S.A. and its direct or indirect subsidiaries and affiliate companies by Mondelez International, Inc. through Mondelez Netherland Services B.V. (14.07.2021, 21-35/490-241)
Energy
- The Energy Market Regulatory Authority (“EMRA”) Decisions dated 10.06.2021 and numbered 10252-1, 10252-2, 10252-3 and 10252-4 were published in the Official Gazette dated 20.06.2021 numbered 31517.
- The EMRA Decision dated 24.06.2021 and numbered 10278 was published in the Official Gazette dated 26.06.2021 numbered 31523.
- The EMRA Decision dated 24.06.2021 and numbered 10279 was published in the Official Gazette dated 26.06.2021 numbered 31523.
- The EMRA Decisions dated 30.06.2021 and numbered 10293, 10296, 10300 and 10301 were published in the Official Gazette dated 01.07.2021 numbered 31528.
- The EMRA Decisions dated 08.07.2021 and numbered 10308, 10312, 10313, 10314 and 10315 were published in the Official Gazette dated 09.07.2021 numbered 31536.
- The EMRA Decisions dated 14.07.2021 and numbered 10329 and 10330 were published in the Official Gazette dated 15.07.2021 numbered 31542.
All rights of this article are reserved. This article may not be used, reproduced, copied, published, distributed, or otherwise disseminated without quotation or Erdem & Erdem Law Firm's written consent. Any content created without citing the resource or Erdem & Erdem Law Firm’s written consent is regularly tracked, and legal action will be taken in case of violation.
Other Contents
The Grand General Assembly of the Unification of Jurisprudence ("GGAUJ") ruled with the Decision of the Grand General Assembly of the Unification of Jurisprudence dated 28.04.2023 numbered 2021/5 E. 2023/2 K. ("Decision") that if the legal remedy period is erroneously indicated longer in the decision in...
The concept of estate, which can be considered as the foundation of our inheritance law, refers to all the property, rights, and debts belonging to an individual after their death. Throughout history, humans have been buried with their cherished belongings based on religious beliefs, but over time, it has been observed...
The Resolution of the President dated 21.07.2023 and numbered 7393 on the Approval of the Memorandum of Understanding between the Government of the Republic of Türkiye and the Government of the People’s Democratic Republic of Algeria on Cooperation in the Field of Mining was published in the Official...
The Grant Agreement signed on 06.04.2023 between the Ministry of Treasury and Finance of Republic of Türkiye, Development and Investment Bank of Turkey (TKYB) and German Development Bank (KfW) was published in the Official Gazette dated 04.07.2023 and numbered 32238...
Inheritance contracts are contracts involving a testamentary disposition concluded by the legator, with her inheritor or a third party. A testamentary disposition is a legal transaction that includes the orders of the legator that she wishes to be carried out after her death. Testamentary disposition term is used in two...
The Resolution of the President dated 06.06.2023 and numbered 7302 on the Ratification of the Economic and Financial Cooperation Agreement between the Republic of Türkiye and the Turkish Republic of Northern Cyprus for 2023 was published in the Official Gazette dated 07.06.2023 and numbered 32214...
This study examines the decision ("Decision") of the Turkish Constitutional Court ("CC") dated 22.02.2023, published in the Official Gazette on April 28, 2023, which abolished the first sentence of Article 187 of the Turkish Civil Code numbered 4721 ("TCC"), which obliges a woman to take her husband's surname upon...
The Resolution on the Approval of the Annexed Amendment Letter Regarding the Separate Agreement on the Financing Agreement between the Ministry of National Education of the Republic of Turkey and the German Development Bank (KfW) on the Clean Energy and Energy Efficiency Measures Project...
The Resolution of the President dated 01.04.2023 and numbered 7025 on the Approval of the Protocol on the Accession of the Republic of Finland to the North Atlantic Treaty was published in the Official Gazette dated 02.04.2023 and numbered 32151...
The Resolution of the President dated 08.03.2023 and numbered 6913 on the Ratification of the Agreement between the Republic of Turkey and the European Union on the Participation of the Republic of Turkey in the Union Program on Cooperation in the Customs Area, ‘Customs’, effective from 1 January 2021...
The Resolution of the President dated 25.01.2023 and numbered 6728 on the Application of the Exemption in the Fourth Paragraph of the Provisional Article 14 of the Corporate Tax Law No. 5520 to the Foreign Currencies in the Balance Sheets of the Corporations as of 31.12.2022 was published in the Official...
The Resolution on the Approval of the Protocol between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on the Deployment of Energy Transmission Lines of Geçitkale Airport (Resolution No: 6647) entered into force through publication in the...
The Resolution of the President dated 23.11.2022 and numbered 6416 on the Approval of the Economic and Financial Cooperation Agreement - Additional Agreement - signed between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on...
The Resolution of the President dated 19.10.2022 and numbered 6238 on the Approval of the Memorandum of Understanding Between the Government of the Republic of Turkiye and the Government of the Federal Republic of Nigeria on Cooperation in the Field of Energy was published in the Official Gazette...
The Resolution of the President dated 26.09.2022 and numbered 6090 on the Approval of the Annexed Amendment Protocol signed by the Exchange of Letters dated 12.08.2022 and 31.08.2022 between the Government of the Republic of Turkey and the European Commission on the Amendment to...
The Resolution of the President dated 15.09.2022 and numbered 6080 on the Approval of the Memorandum of Understanding About Implementation of the Multilateral Tax Program Between the Government of the Republic of Turkey and the Organization for Economic Cooperation and Development at...
Since social media has turned into a modern mass communication tool, the concepts of advertising and marketing have been brought to a new dimension. Influencers, who promote various products and services by "influencing" their audience through social media, are driving the next generation of...
The Resolution of the President dated 20.07.2022 and numbered 5801 on the Determination of the Default Interest Rate under the First Paragraph of Article 51 of the Law numbered 6183 on the Collection Procedure of Public Receivables as 2.5% to be Applied Separately for Each Month, was published...
Decision dated 27.06.2022 and numbered 5751 on the Ratification of the Fund Grant Agreement signed between Republic of Turkey Ministry of Labor and Social Security and International Bank for Reconstruction and Development, on 05.05.2022...
The Resolution of the President dated 23.05.2022 and numbered 5596 on the Ratification of the Economic and Financial Cooperation Agreement between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated...
The Resolution of the President dated 23.04.2022 and numbered 5520 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the Republic of Cote D’Ivoire Concerning the Reciprocal Promotion and Protection of Investments...
In a decision dated 29.09.2021 with application number 2018/357 (“Decision”), the Constitutional Court decided by a large majority that the applicant's right to property was violated due to the fact that the immovables expropriated for the purpose of mass housing construction...
Pursuant to Art. 101 of the Turkish Civil Code (“CC”) No. 4721, foundations are an ensemble of assets that have legal personality, which comprises of sufficient assets and rights that are allocated by real and legal persons for a determined and perpetual objective. Foundations are legal persons that have “ideal...