Ignoring Turkish law on data breaches could put you in prison

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Responsibilities of the members of the board of directors due to public debts

By Gülenay Kavcar In the light of the decision of the Constitutional Court regarding the application of EROL KESGİN dated 2015/11192 and dated 30.05.2019, the members of the Board of Directors who are not represented have the responsibility of the liability of the Board of Directors.     I. BRIEF SUMMARY OF THE CONSEQUENT EVENT The provincial […]

Communique on share-based mass funding (Iii – 35 / A.1)

Dear Clients and Business Partners; Communiqué on aya Share Based Funding itle (ebliğ Communiqué ”) was published in the Official Gazette dated 3 October 2019 and numbered 30907 and entered into force. In the most basic sense, share-based mass funding refers to raising funds from the public through mass funding platforms in exchange for shares. The Communiqué regulates the procedures and principles […]

Attorneys’ fees reduced VAT rate to 8%

By Duygu Doğan, Afra Ertürk In the Official Gazette dated October 2, 2019 and numbered 30906, the President’s Decision no. In this context, VAT added to attorneys’ fees with the addendum made to the Karar Decision on Determination of Value Added Tax Rates to be Applied to Goods and Services “(“ Decision of the Council of rate was reduced from 18% (eighty percent) […]

Arrest Of Ships Under The Light Of Turkish Commercial Code Numbered 6102

A. Introduction to Arrest of Ships Principles and procedures regarding the arrest of ships are set out in the Turkish Commercial Code (“TCC”) numbered 6102. Although Turkey did not a party of any international agreement related to arrest of ships when the TCC entered into force, nevertheless the legislator took into consideration related international agreements […]

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VAT guidance for LPA receivers

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