LPG market is regulated under the Law of Liquefied Petroelum Gases (LPG) Market Law and Amending Law to Electricty Market Law, Law No: 5307 (“Law”) in Turkey. Accordingly, it is obligatory to obtain a license in order to carry out distribution, transp
In an increasingly globalized world where the consumer habits manifest changes almost on a daily basis the payment mechanisms have to keep abreast with such rapid developments. A world where the conventional methods of payment based on physical exchange o
In an increasingly globalized world where the consumer habits manifest changes almost on a daily basis the payment mechanisms have to keep abreast with such rapid developments. A world where the conventional methods of payment based on physical exchange o
General Banking Climate in Recent Years The last decade in Turkey has seen an immense macro-economic growth that spilled over to various different branches of the national economy. The banking sector has been one of the leading industries to benefit from
Tax Liability in Joint Stock Companies As is known, administration and representation of joint stock companies are carried out by board of directors of the company. Members of board of directors can be elected by general assembly of the company from among
According to the New Regulation on Undertaking of Liabilities by the Undersecretariat of Treasury (“Regulation”), which has entered into force on 19.04.2014, the Treasury may provide guaranty
Islamic finance has been gaining ground in global markets as well as in Turkey throughout the recent years. In this regard what is especially important for the business world is the transformation of Islamic finance from simple financial tools to highly s
The free trade agreement, known with its acronym TTIP, currently being negotiated between the United States and the European Union is expected to have immense legal implications as well as commercial ones for the signatories. The numbers are self-explanat
The one of the most significant principle in an M&A transaction is “the principle of maintenance of partnership structure” (or the maintenance principle) under Turkish Commercial Code. As is known, result of a merger and acquisition transaction affect
Known by its acronym TTIP, Transatlantic Trade and Investment Partnership has the capacity to serve as a game changer in global economic balances. At its core TTIP is a free trade agreement between the United States and the European Union with the underly
It is convenient neither for the consumers nor for the producers to get accustomed to a global financial market which is marked by liquidity shortages after a decade of growing global money supply to be present virtually in every part of the globe. The pa
As well as the company establishment, an investor may take decision for termination of his/her company or a company’s termination conditions stated in the laws may occur such that start of a liquidation process becomes unavoidable for the company. Liquida
Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, Trump Towers, Ofis Kule:2 Kat:18, No:12, Şişli Mecidiyeköy, İstanbul, Türkiye
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