The Communiqué on Determination of Interest Rates to be Applied in Rediscount and Advance Transactions has been published in the Official Gazette dated 01.09.2023. According to the Communiqué: The annual discount interest rate of 15.75 percent to be applied to rediscount transactions to be made against bills with a maximum of 3 months to maturity has been re-determined as 25.75 percent. The annual interest rate of 16.75 percent to…
In the Decision of the 9th Civil Chamber of the Court of Cassation dated 22.06.2023 and numbered 2023/10476 E. 2023/9999 K.; it has been decided by the court of first instance that in the dispute regarding the claim for employment receivables, the defendant and their non-party partner have been included in the case and have been held jointly and severally liable for the receivables that have been awarded as a…
”Decision of the Constitutional Court Dated 10/05/2023 with the Application Number 2019/13123” Although the applicant amended his case within the given period, relying on the time limit in the wrongfully given interim decision, it has been decided that the applicant’s right to access the court and the right to a fair trial has been violated since his request for amendment has not been taken into consideration on the grounds that…
With the Decision of the Constitutional Court dated 01/06/2023 and numbered 2022/120 E. 2023/107 K., The paragraph 5 of the Article 231 of the Criminal Procedure Law Numbered 5271 which is: “If the sentence imposed for the crime charged to the defendant at the end of the proceeding is imprisonment for two (2) years or less or a judicial fine; the court may decide to defer the announcement of the…
“With the Decision of the Court of Cassation Grand General Assembly to Unify the Case Law, Decision dated 20/01/2023, numbered 2021/2 E., 2023/1 K., while there is a pending enforcement proceeding against the same debtor over the same receivable, since the second proceeding will unbalance the interests and will be contrary to the execution proceeding economy, it has been decided by majority of the votes that for the purpose of…
With the Article 15 of the Law on Amending on Certain Laws and on the Decree Having the Force of Law No. 375, a provisional article has been added to the Law on the Execution of Penalties and Security Measures dated 13/12/2004 and numbered 5275. With this added article, the procedure to be applied at the end of the leave period of convicts who are on leave due to Covid-19…
“The Decision Regarding the Amendment of the Decision Regarding the Determination of VAT Rates to be Applied to Goods and Services has been published in the Official Gazette dated 07.07.2023. The decision will enter into force as of 10.07.2023. According to this decision, the following which are applied to the goods and services have been increased as follows; The 18% VAT rate has been increased to 20%, The 8% VAT…