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Topic: Banking and finance

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Doing Business in Turkey in its eighth edition

April 03, 2023

Norton Rose Fulbright and Pekin Bayar Mizrahi announce the 2023 update of the Legal Handbook for Doing Business in Turkey.

New restrictions on commercial TRY loans

November 22, 2022

The Banking Regulatory and Supervisory Authority’s decision in Turkey, dated July 7th, 2022 and numbered 10265, regarding the restrictions on commercial loans denominated in TRY has been amended by the BRSA’s new decision dated October 21st, 2022 and numbered 10389.

The new Istanbul Finance Center law

August 22, 2022

Istanbul Finance Center Law (“IFC Law”) entered into force in June 2022.

The Turkish Technology Ecosystem: An introduction

June 15, 2022

Norton Rose Fulbright, in collaboration with its Turkish alliance firm Pekin Bayar Mizrahi, is launching a series of articles relating to the Turkish technology ecosystem.

Impact of international sanctions on arbitral proceedings

June 13, 2022

The extensive sanctions imposed following the Russian invasion of Ukraine have led to many companies reassessing business relationships.

The Presidency of the Turkish Republic Finance Office published its Green Sukuk Working Report

June 09, 2022

On May 26, 2022, the Presidency of the Turkish Republic Finance Office published its Green Sukuk Working Report.

Financial Crimes Investigation Board in Turkey publishes Guidelines for Suspicious Transaction Reports Regarding Crypto Asset Service Providers

May 10, 2022

Crypto asset service providers have been included in the definition of obligors of the FCIB, following the amendment made to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism.

CJEU gives creditors additional enforcement mechanism

April 25, 2022

The CJEU's decision provides an additional enforcement mechanism to protect creditors of judgements issued by a non-Member State.

Recent amendments in the communiqué re asset and mortgage backed securities

October 26, 2021

Amendments to legislation regarding asset and mortgage backed securities was recently issued by the Capital Markets Board.

Recent developments in tender offers

October 26, 2021

The Communiqué Amending the Communiqué on Tender Offers, the draft of which was published by the Capital Markets Board on its official website on February 1, 2021.