Özgün Law Firm

Özgün Law Firm

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SUPPORTING CONVERSION OF GOLD AND FOREIGN CURRENCY ACCOUNTS INTO TURKISH LIRA ACCOUNTS

Recently, an excessive increase in exchange rates has been observed in Turkey. For this reason, the Central Bank of the Republic of Turkey announced that the locally-based legal entities can benefit from their support if they convert their foreign currency and gold deposit and participation fund accounts into Turkish liras term deposit and participation accounts.

IF THE EMPLOYEE’S EMPLOYMENT CONTRACT IS TERMINATED DUE TO A CRIME COMMITTED OUTSIDE THE WORKPLACE, THE EMPLOYEE IS ENTITLED TO SEVERANCE PAY

Absenteeism resulting from a conviction due to a crime committed outside the workplace is a compelling reason for the employee, and in case of termination of employment contract by the employer, the employee is entitled to severance pay.

ACCESS BLOCK AUTHORIZATION OF TURKISH FOOTBALL FEDERATION (TFF)

Upon enaction of the Law Nr. 7346 Amending Certain Laws published on the Official Journal on December 25, 2021, a new additional article was incorporated under the Law Nr. 5894 on Establishment and Duties of the Turkish Football Federation.

CONSIDERATION POINTS FOR FOREIGNERS WHILE BUYING AN IMMOVABLE PROPERTY TO ACQUIRE CITIZENSHIP

Real or legal persons of foreign national is required to file an application with the Land Registry Office to buy an immovable property or to perform the procedures for a preliminary contract for sales.

REQUEST ON APPRAISAL REPORT FOR FOREIGNERS TO BE FILED ON WEBTAPU SYSTEM!

Appraisal report, drawn up by legal persons, is required to be submitted to perform sales transactions, to which real persons of foreign national are a party as the buyer or seller, and to buy immovable properties to acquire citizenship.

AUTOMATIC EXCHANGE OF INFORMATION IN TAX MATTERS

This convention has been signed by 136 countries as of today, including countries such as Switzerland, Norway, Brazil, and India, as well as the EU member states.

BEARER SHARES TO BE REGISTERED WITH CENTRAL REGISTRY AGENCY

The Law nr.7262 on Prevention of Financing of Proliferation of Weapons of Mass Destruction, was adopted on December 27, 2020 at the Grand National Assembly of Turkey.

COMMUNIQUE ON SQUEEZE OUT AND SELL OUT RIGHTS IN PARTNERSHIPS PUBLISHED

The Capital Markets Board's “Communiqué on Squeeze-Out and Sell-Out Rights” numbered II-27.2 was published in the Official Journal on 12 November 2014 and entered into force.

E-HEARING SYSTEM EMPLOYED IN TURKISH LAW CASES

During the pandemic arising due to Covid-19, lawyers had great difficulties in attending the hearings held in different provinces as long-distance travels were banned in various times across Turkey and it created a high level of health-related risks during times even such ban was not implemented.

A GUIDANCE ON DIGITAL DATA ANALYSIS FOR ON-SITE CHECKS PUBLISHED BY THE TURKISH COMPETITION AUTHORITY

The Turkish Competition Authority published the “Guidance on Digital Data Analysis for On-Site Checks”.

WIPO LAUNCHES NEW FREE DATABASE OF JUDICIAL DECISIONS ON INTELLECTUAL PROPERTY FROM AROUND THE WORLD

The World Intellectual Property Organization (WIPO) today launched WIPO Lex-Judgments, a new database providing free-of-charge access to leading judicial decisions related to IP law from around the world.

SOCIAL MEDIA REGULATIONS PUT INTO EFFECT IN TURKEY

For a long time, the place, and limits of social media in the legal order have been the subject of discussion in many countries.