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
Foreigners who have been legally and continuously residing in Turkey for at least 5 years for certain reasons (such as work, owning real estate, marriage to a Turkish citizen etc.) may apply for Turkish citizenship, on the condition that they meet certain criteria such as speaking sufficient Turkish. However, foreigners
FIXING THE CONTRACT PRICE AT FOREIGN CURRENCY : Which Changes Were Brought by the 13.09.2018 Amendment of the Law on Protection of the Value of Turkish Currency? Baris Erkan Celebi, Attorney at Law ABSTRACT The Presidential Order dated 13.09.2018 prohibited the fixing, determining or payment of the contract prices at
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
In Turkish law foreign investors are subject to the same rules as Turkish citizens. Foreign nationals and foreign companies may freely start limited liability companies, become shareholders and/or directors of Turkish companies. Before you start a company in Turkey, it is recommended that you contact a Turkish corporate attorney in
Foreign nationals may freely buy real estate in Turkey, subject to certain limitations in terms of total size and number of real estates. However, real estate sale contracts are only valid if they are drafted by the land registry office and signed before a land registry officer. Any other real
Short term Turkish residence permit is given to all foreign nationals who duly apply and submit the relevant documents. Before you apply for Turkish residence permit, you are recommended to first contact an immigration lawyer. To apply for Turkish residence permit you need to either rent an apartment or buy
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