Turkey NewsWire

Publication | March 2017

The Turkey NewsWire features information on current legal issues affecting businesses in Turkey and includes updates on legislation impacting the investment climate for both foreign and domestic investors, reports on the projects and finance sectors and analysis of regulatory and compliance related issues and measures.

In this issue

Turkey in Review: Understanding 2016 and the Road Ahead

As 2017 commences, despite the challenging political and economic environment, and, to a certain extent, because of the same, the government has enacted certain...

March 7, 2017

Turkish Government Reduces the Cost of FDI

To support and improve the investment environment in Turkey, Parliament passed legislation reducing certain types of taxes and associated administrative costs for...

March 7, 2017

Turkish Parliament Passes New Law to Encourage Repatriation of Funds (Varlık Barışı)

The Turkish Parliament passed a law on August 3, 2016 for the restructuring of certain tax obligations and to encourage the repatriation of funds to Turkey...

March 7, 2017

Turkish Government Launches Project-Based Incentive Program to Boost Investments

As an addition to the current investment incentive schemes, in November 2016 the Turkish government launched a project-based incentive program designed to promote...

March 7, 2017

Turkish Government Implements Measures to Enhance and Strengthen Credit Markets

In order to stimulate credit markets and increase financial stability, during 2016 the Turkish government put forward certain reforms and issued new regulations...

March 7, 2017

Turkey Opens Door to Foreign Professionals

Turkey passed a new law governing the policies regulating the foreign labor force and the work permit regime for foreign workers in Turkey. Law No...

March 7, 2017

Istanbul Arbitration Center Opens its Doors

The long-awaited Arbitration Rules (the “Rules”) of Istanbul Arbitration Center (“ISTAC”), established in 2015, were published and ISTAC has been fully operational...

March 7, 2017

Law on Movable Property Pledge in Commercial Transactions

As part of its efforts to support small-to-medium sized enterprises, the Turkish Parliament promulgated Law No...

March 7, 2017

Turkey Boosts Large-Scale Solar Investments

The tender for the Karapınar Resource Area, a solar-power energy zone with an allocated capacity of 1 GW, will take place on March 20, 2017...

March 7, 2017

Solar Energy in Turkey – Quo Vadis?

Armed with the potential to be the one of the world’s leading solar power generating countries, Turkey is still far from realizing that potential...

March 7, 2017

Geothermal Electricity Generation in Turkey: Large Potential Awaiting Investors

Turkey is a country with ample geothermal energy resources...

March 7, 2017

Turkey’s Data Protection Law: Long-Awaited Legislation Finally Takes Effect

Turkey enacted Law No. 6698 on “Protection of Personal Data” (Kişisel Verilerin Korunması Kanunu) (The “Law”), on April 7, 2016...

March 7, 2017

Turkey Takes Steps to Fight Financing of Terrorism and Corruption

Turkey took further steps in 2016 to fight corruption and the financing of terrorism...

March 7, 2017

Originally prepared by Chadbourne & Parke. Chadbourne & Parke combined with Norton Rose Fulbright US LLP on June 30, 2017 and is now known as Norton Rose Fulbright US LLP.

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