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The Financial Crimes Investigation Board (MASAK), which is a main service unit of the Ministry of Finance, having the mission of making policies and carrying out investigation and research to convey the information and the results to relevant authorities

European Union and the United States are currently negotiating the biggest free trade agreement in history. If concluded the new agreement will create a free trade zone that will include more than 800 million inhabitants as consumers and together with the

The necessity of Bilateral Investment Treaties came up with the technological improvements allowing the commercial goods to be transported easily around the world. Developing countries that are aiming to attract other countries to invest in their lands, s

FIDIC, (Federation Internationale Des Ingenieurs Conseils), International Federation of Consulting Engineers aims to find a resolution in construction sector. There are five different FIDIC contracts in different colors that regulates different and separa

Turkey’s expansion of Information and Communication Technologies (ICT) sector for 2015have been estimated by some recent researches. In following years, thanks to technologies such as Big Data, Cloud, Mobility and Social Work, there is being expected a

On 06 February 2014, Turkish Parliament has enacted a 6518 Omnibus Bill, gazetted February 19th 2014, which adjoins a provision to article 3 of the Law No 4734 Public Procurement Law (“Law”) stipulating that purchase of goods and services provided to

The Third Offset Strategy which the USA has initiated through the foundation of Strategic Capabilities Office brings a new approach to the concept and business of offsets. Offset offers are made through proposed programs that aim to generate efficient eco

On a number of occasions in the recent past, policy makers required for some reasons to define or to refer to the same procurement mechanism with different terms including but not limited to “offset”, “industrial participation” and the “industrial collabo

Most probably many people would not know more about where offset/industrial participation discussions were moving toward before the article titled “The defence industry: Guns and Sugar” has been published on The Economist’s 25 May 2013 dated issue.

Protecting the right of foreign investors in a country is a significant problem both for investee country and investor. In order to solve this, an international mechanism has been brought which is called ICSID Convention (International Centre for Settleme

As part of exploration operations of multinational companies, wet lease agreements are gaining more importance especially in oil and gas industry and foreign carriers who takes part in such operations are still not clear about either their employees requi

After the European Aviation Safety Agency (“EASA”) has announced that it allows electronic devices to remain “On” and “Connected” throughout the flights on 26 September 2014, the Directorate General of Civil Aviation of Turkey (“DGCA”) was