The arms industry with over 600 modernization projects is booming in Turkey. The government policies in manufacturing and new offset regulations towards to domestic procurement ensure continuous transformation and development. The 2023 vision of the gover
The Law 5201, Defence Industrial Security Law, dated 29.06.2004 is the principle document regulates the Turkish defence industry and set forth the legal framework of all classified military agreement, information, documentation, project, purchase, sell, m
As a developing country, Turkey shines out as a good opportunity for foreign investors to make good use of their budgets. Investors’ primary expectations from a developing country like Turkey are a powerful and reliable legal system, confidentiality, se
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
2008 global economic meltdown had served as an important wake up call for the global banking industry. The complicated web of interrelated financial instruments created by investment banking gurus,
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
The World Trade Organization (WTO) reached its first trade reform deal on Saturday with the approval of nearly 160 ministers, who had gathered on the Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy. The appro
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
Turkey has been one of the fastest growing economies during the course of the last decade. Its strong and resilient economy has transformed Turkey in to one of the most important economic hubs in its region.
The intellectual property rights (IP) are conceptually is linked to both intellectual and industrial rights in Turkish legislation. Intellectual property rights are almost related to the intellectual and artistic works, linked rights (neighboring rights),
In 2012, OECD has reported that economy-wide transformation will require cumulative investment in green infrastructure in the range of USD 36-42 trillion between 2012 and 2030, i.e. approximately USD 2 trillion or 2% of global GDP per year.
In the field of defense industry, a new system of governance has been established through the Law#3238 ratified in 1985 in order to realize planning and coordination, taking quick decisions and execution (especially for imports, exports, modernization, re
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