New incentive for Turkish ship owners: Turkey to promote the establishment of new lines

The Regulation on Supporting the Transfer of Cargo Carried by Road to Carriage By Sea (the “Regulation”) entered into force as of 9 August 2022. The Regulation aims to increase the volume of cargo carried by sea in combined transportation, increase the capacity of maritime transportation between Turkish ports and the ports of other countries and […]

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New & Potentially Harsher Fines For Marine Pollution And Failure To Comply With IMO 2022 Sulphur Limits

Turkey has amended its Environmental Code with a new law published in the Official Gazette on 15 June 2022. The amendments introduces stricter measures for marine pollution and also brings long awaited clarity to penalties applicable in case of non-compliance with IMO 2020 sulphur limits. The amendments also provide for harsher fines for pollution inside […]

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Granting Power Of Sale To The Debtors: A Most Welcome Development

Pursuant to the Enforcement and Bankruptcy Code No. 2004 (“Code”), the sale of the debtor’s attached assets, is carried out by the bailiff’s office via an auction, upon the request of the debtor or creditor. Provided that the creditor or the debtor requests the sale of the attached assets within 1 year from the date […]

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Durukan + Partners joins IR as the exclusive Banking & Finance Member in Turkey

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Begüm Durukan Oezaydin of Durukan + Partners. Begüm has joined IR as our exclusive Banking & Finance Member in Turkey. Ms. Begüm Durukan Özaydın is the Founding Partner of Durukan+Partners. She is widely recognized as a leading lawyer in the areas […]

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Turkey To Tackle Femicides: More Deterrent Sentences For Crimes Committed Against Women

The Turkish government has successfully amended the Penal Code and the Criminal Procedure Code with a new law passed on 12 May 2022 (“the New Law”). With the amendments, perpetrators committing certain crimes will be dished out harsher sentences if the said crime is committed against a woman. These crimes : (i) Murder with intent (Article […]

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Empower Your Business With Green Logistics!

Red flags of the environmental crisis point to the urgent need for global action against multilateral climate change. In return, the 2016 Paris Agreement, which is the first global and legally binding agreement for climate crisis, calls on all nations to play an active role in the process of limiting global warming. This call refers […]

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PILOTAGE AND TOWAGE SERVICE PROVIDERS TO PAY MORE TO THE STATE

A new Presidential Decree, which was published in the Official Gazette on 28 June 2022, has raised the percentage of the state share to be received from the monthly gross revenue of the public and private pilotage and towage service providers. The below table indicates the raised percentage of the state share, which was previously […]

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Acquisition by Investment

The main source of Turkish citizenship is The Turkish Citizenship Law (“TCL”) promulgated on 29.05.2009. The Law regulates the principles and legal grounds relative to the acquisition of Turkish citizenship. The Turkish citizenship can be acquired either by birth or after birth by the decision of the competent authority (Ministry of Interior or the President). […]

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DemirGökyayla Law Office joins IR as the exclusive Commercial Arbitration member in the Turkey

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Prof. Dr Cemile Demir Goekyayla of DemirGökyayla Law Office joins IR as the exclusive Commercial Arbitration member in the Turkey Cemile Gökyayla, with over 20 years of experience, is a specialist in international commercial and investment arbitration. She has acted as counsel […]

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A Controversial Turkish Precedent on Arbitrators’ Jurisdiction on Claims Initiated Through Bankruptcy Proceedings

The General Assembly of the Civil Chambers of Turkish Court of Cassation (“Court”) rendered a controversial decision on 21 December 2021 with No. K.2021/1710 (“Decision”) The Decision provides that, notwithstanding a valid arbitration agreement, Turkish courts, not arbitrators, shall have jurisdiction to determine whether an alleged debtor, against whom a bankruptcy proceeding has been initiated, […]

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