Bad Real Estate Deals: How to Recover Losses? One of the most common legal disputes that foreign nationals face in Turkey is a bad real estate deal. These disputes consist of two elements: A buyer (usually a foreign national) makes a down payment (“deposit”) or pays the full price of
Turkish Cash Repatriation Law Turkey Extends the Law on Cash Repatriation until 30 June 2020 Turkish Cash Repatriation Law is a temporary law that allows individuals and companies to transfer their money, gold, foreign currency, movable property and other stocks to Turkey without any tax inspection, criminal investigation, penalty or
Turkey’s New Data Privacy Law and Compliance of Companies Personal Data Protection Law (KVKK), the Turkish counterpart of the European General Data Protection Regulation, passed in 2016 but came into full effect throughout 2019. Under KVKK, personal data is any data that can identify a person directly or indirectly. In
Writing wills in Turkey and Preserving the Estates of Foreigners in Turkey For foreign nationals who have assets or funds in Turkey, writing wills and preserving their estates is a common issue. The most frequently asked questions are how to write a will in Turkey that will be accepted and
Ship Mortgage Under Turkish Maritime Law … Full text only available in Turkish … VI. CONCLUSION Under maritime law, Mortgage is a lien, registered on a ship or the share thereof, granting the creditor with the priority over the other creditors and the right to collect his/her receivables by requesting
State Incentives for Foreign Investors in Turkey Disclaimer: The information provided in this article is general, incomplete and does not constitute financial, tax or legal advice. I. OVERVIEW Over the past fifteen years, Turkey has started a lot of incentive programs that encourage start-ups, entrepreneurs, businesses and investors. The programs
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