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Bağ & Günen Hukuk Bürosu

Turkish Law Tag

The amendments on the Free Zones Law (“FZL”) numbered 3218 for facilitating investments and decreasing the financial burden of the public were published in the Official Gazette of 24.02.2017 numbered 29989. The details regarding these amendments are provided below: Expropriation Within the scope of the amendment a provision was added to the 5th Article on organization of free zones which determines that the Council of Ministers may decide for urgent expropriation of lands and facilities that are declared as a free zone. Expropriation procedures are undertaken as per the Expropriation Law numbered 2942 under Turkish law. In case of an urgent expropriation,

The regulations that are set out below which will determine the application of the Law on Movable Pledges for Commercial Transactions (“Law”) numbered 6750 have entered into force on 1.1.2017 after their publication in the Official Gazette dated 31.12.2016 and numbered 29935:Regulation on the Establishment of Right of Pledge and Exercise of Rights After Default (“Regulation on Right of Pledge”), Regulation on the Valuation of Movables within Commercial Transactions (“Regulation on Valuation”), Regulation on the Pledged Movable Registry (“Regulation on Registry”).Our explanations regarding these regulations are set out below: I. Regulation on Right of Pledge Regulation on Right of Pledge regulates

Provision are set out under the Law on the Protection of Consumers (“LPOC”) numbered 6502 regarding distance contracts. LPOC shall be applied where one of the parties is a consumer as defined by the law. There are detailed regulations within the scope of the LPOC in relation to the consumer’s right of withdrawal and the terms and the period for using the right is clearly set out. Understanding these regulations is essential for both consumers that use e-commerce websites for online shopping and sellers and providers which are defined as real and legal persons providing goods or services to consumers for