Archive: June 2022

A new law, which includes a significant amendment to the Notary Public Law, introduces a new authority to conclude real property sales agreements.

In this second session of the Turkey webinar series: 2022 ESG trends, partners from Norton Rose Fulbright and alliance firm Pekin Bayar Mizrahi discussed recent global and regional trends in Green Finance and Sustainable Finance.

Many companies and governments are seeking strategic partnerships with international business partners due to the rapid development of new technologies and processes in emerging markets.

Norton Rose Fulbright advised the shareholders of Turkish pharmaceuticals company BMG on the sale of 100% of its shares to Abu Dhabi investment and holding company ADQ.

For the last few decades, the Court of Appeal's ("CoA") approach to arbitration clauses vis-à-vis bankruptcy cases has been extremely rigid.

Ayşe Yüksel Mahfoud emphasized that ESG is now a priority for everyone: investors, financial institutions, stakeholders, suppliers, Boards of Directors and customers and that very soon, ESG compliance will be a priority for all businesses.

A new amendment on Turkish Code of Obligations regarding the maximum rate applicable for rental fee increases of residential leases.

A new Tax Procedural Law General Communique (Item No: 538) (“Communique”) was published in the official gazette on May 31, 2022 by the Ministry of Treasury and Finance.

US SEC proposed amendments to the rules in order to require investment funds and advisers to make more specific disclosures on their prospectuses, annual reports and adviser brochures based on their ESG strategies.

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.