Makale

Under Turkish law, labour courts have speciic jurisdiction over employment related matters. The most common subject matter of employment related disputes is the determination of the invalidity of termination, i.e. re-employment, or collection of employee receivables. The burden of proof for the validity of the termination or payment of all […]

The Social Security Law regulates the social security rights of the workers, government oicials and self-employed persons and covers the social risks such as (i) work accidents and occupational illnesses, (ii) healthcare, (iii) child birth and child care, (iv) disability, (v) seniority, (vi) death, and (vii) unemployment. The Social Security […]

Turkish law recognises lands, independent and permanent rights (such as usufruct rights) perfected into the land registry records and independent units registered under the Condominium Law as real property. An individual or a legal entity may own property in the form of full ownership, co-ownership or joint ownership. The ownership […]

Lease Lease relationships are governed under the provisions of the Turkish Code of Obligations. The Turkish Code of Obligations entered into force on 1 July 2012, replacing the Repealed Code and Lease Law. Almost all major principles under the Repealed Code and the Lease Law have been maintained under the […]

Overview Intellectual property refers to creations of the mind, and intellectual property rights in general allow their creator/author or owner to beneit from their own work or investment in a creation. Under Turkish law intellectual property rights are protected through two main laws: (i) the Law on Intellectual and Artistic […]

Banks The establishment of banks and the commencement and undertaking of banking activities in Turkey are regulated by the Banking Law which entered into force on 1 November 2005, and the secondary legislation which entered into force thereunder. The Banking Law is (among others) applicable to (i) banks established in […]

Diferent types of loans and inancial structures can be ofered by Turkish banks to their customers as short, medium- or long-term inancings solutions for a variety of purposes. In cases where the borrowing customer is a consumer, any inancing to be provided to such customer would additionally be subject to […]

The costs of inancing can mainly be divided into two groups; the payments to be made to the bank providing the inancing, and applicable taxes. The payments to be made to the bank which provides the inancing are mainly the interest to be accrued on the loan amount, commissions, fees […]

Types of Collateral Under Turkish law, security interests on a variety of assets can be granted as collateral for a inancing. It is possible to establish mortgages on immovable assets, pledges on (public listed and privately held) shares, on bank accounts, on receivables, on intellectual property and on movable assets, […]

Derivative transactions include hedging transactions and over the counter (OTC) transactions and are regulated under the Turkish Derivative transactions can be entered into with a Turkish bank or a Turkish intermediary institution, provided that the bank or intermediary institution has a speciic license from the Capital Markets Board for that purpose. Recent […]