Communiqué (Communiqué No: 2024/2) amending the Communiqué numbered 2017/4 on Payments to be made by Joint Stock and Limited Liability Companies Pursuant to Law No: 4054 was published in the Official Gazette dated 01/10/2024 and numbered 32679. Pursuant to the aforementioned Communiqué; The share of four per ten thousand to be paid to the Competition Authority in the establishment or capital increases of joint stock and limited liability companies shall…
As per the Presidential Decree dated 20.05.2024 and numbered 8485K “ As per the Presidential Decree dated 20.05.2024 and numbered 8485K., which has been published in the Official Gazette dated 21.05.2024, it has been decided: To apply the “legal interest” rate regulated in Article 1 of the Law No. 3095 on Legal Interest and Default Interest as 24% PER YEAR, The decision will be effective as of…
The Constitutional Court decision dated 22.02.2024 and numbered 2023/34 E. 2024/60 K. is published in the Official Gazette dated today. As per the aforementioned Constitutional Court decision; The phrase “announced” of the provision ‘The change of name is registered and announced in the civil registry where the name is changed.’ of Paragraph 2 of Article 27 of Turkish Civil Code is unconstitutional and ANNULLED. The phrase “and”…
The Constitutional Court decision dated 14.03.2024 and numbered 2023/116 E. 2024/56 K. is published in the Official Gazette dated 19.04.2024 As per the aforementioned Constitutional Court decision; The following provision ‘In the event that the lawsuit filed for any of the grounds for divorce is decided to be dismissed and three years have passed from the date of finalization of this decision, if the common life cannot be re-established for…
The Constitutional Court decision dated 14.03.2024 and numbered 2023/160 E. 2024/77 K. is published in the Official Gazette dated today. As per the aforementioned Constitutional Court decision; The “even if this party is partially or fully justified in the case, he/she shall be held responsible for the entire cost of the proceedings.” section of the first sentence; and The “In addition, no attorney fee shall be awarded in favor of…
The Communique on Determination of Interest Rates to be applied for Rediscount and Advance Transactions was published in the Official Gazette dated 01.04.2024. According to this communique; The discount interest rate to be applied for rediscount transactions to be made against deeds with 3 months to maturity date maximum is 50.75 percent per annum. The interest rate to be applied for advance transactions is 51.75 percent per annum. These rates…
AMENDMENTS MADE TO THE LAW NO. 6698 ON THE PROTECTION OF PERSONAL DATA WITH THE 8TH JUDICIAL PACKAGE With the Law No. 7499 on the Amendment of the Code of Criminal Procedure and Certain Laws published in the Official Gazette dated 12.03.2024, some important amendments have been made to the Law on the Protection of Personal Data (“KVKK” or “Law“). With the amendments made, important innovations have been introduced,…