UNJUSTIFIED ENRICHMENT AND CLAIMING COMPENSATION (REIMBURSEMENT OF PAYMENTS) UNDER TURKISH LAW Unjustified enrichment means that one party, through its assets or effort, increases another party’s assets (or decreases it debts) on an unjustified reason. This unjustified reason is usually a contract which is invalid, void, terminated or withdrawn. By law,
INCOTERMS 2020 HAVE BEEN ANNOUNCED INCOTERMS, an acronym which stands for international commercial terms, are standard terms published and trademarked by International Chamber of Commerce (ICC), for and used in international commerce, maritime law and basically all modes of transport under shipping law. After 10 years have passed since INCOTERMS’ last update
Carrier’s Legal Liability Under Shipping Law In shipping law, a carrier is legally liable for the loss, damage and delay of the cargo. The shipping law provisions of the Turkish Commercial Code has integrated both The Hague-Visby Rules and the Hamburg rules regarding the carrier’s legal lability, its limits, the
10 Most Frequently Asked Questions on Turkish Citizenship by Investment 1) What is the new Turkish Citizenship by Investment Law? As per the 106th Turkish Presidential Order dated 18 September 2018, foreign nationals who purchase an eligible property worth at least 250,000 USD may apply for Turkish citizenship by
10 Most Frequently Asked Questions on Turkish Residence Permit 1) Who Can Apply for Turkish Residence Permit? All foreign nationals who travel to Turkey on a tourist visa and wish to reside in Turkey for touristic purpose may apply for residence permit. However, it is in the discretion of
5 MOST FREQUENTLY-ASKED QUESTIONS ON HOW TO BUY REAL ESTATE IN TURKEY 1) How to Legally Buy Real Estate in Turkey? In Turkish law, real estate purchase contracts can only be drafted by and signed in land registry offices (“Tapu”). Any other written contract regarding a sale of real estate
WHICH TYPE OF COMPANY TO INCORPORATE IN TURKEY? 10 Major Differences Between Limited Liability Companies and Joint-Stock Companies In Turkish corporate law, the two most-commonly seen commercial legal entities are limited liability companies and joint-stock companies. For foreign investors, it can be complicated when it comes to decide whether to
OBTAINING TURKISH CITIZENSHIP BY BUYING A HOUSE WORTH 250,000 USD 106th Turkish Presidential Order dated 18 September 2018 has introduced new and important changes to the Regulation on the Application of Turkish Citizenship Law. As per this newly introduced law, foreigners who purchase a real estate worth at least 250,000
TURKISH RESIDENCE PERMIT AND TEMPORARY RESIDENCE PERMIT IN TURKEY Law on Foreigners and International Protection dated 2013 regulated and introduced many rights for foreigners in Turkey and potential immigrants. One of the most important regulation that was brought by this law is foreigners right to apply for temporary residence permit
BUYING, SELLING AND MORTGAGING REAL ESTATE IN TURKISH LAW In Turkish Law, the conditions required for a legal transfer of real estate are 1) Registration in the land registry, and 2) A valid legal reason for the said registration. Registration is made upon the written request for registration from a