Impact of obligatory use of Turkish on validity of arbitration agreements
In a recent Court of Appeals decision the court overruled an arbitration objection based on the Law on the Obligatory Use of Turkish (805), which stipulates that two Turkish companies should execute agreements in Turkey in Turkish.
Although the intention of the parties to arbitrate their disputes was clear in the agreement, the Court of Appeals ruled that the first instance court should have considered the effect of the law when evaluating the case…
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Briefings from Cerrahoglu
Seda Akipek and Müjdem Aksoy of Cerrahoglu examine the implications of changes to Turkey’s commercial code that allow for electronic company meetings.O
The Tax Authority recently audited the Turkish subsidiaries of several multinational pharmaceutical companies to review five years’ worth of their accounts.