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Archive: March 2021

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FinTech in Turkey A practical guide

March 31, 2021

Ekin İnal and H. Alper Tüzün from İnal Ünver Attorney Partnership (in association with Norton Rose Fulbright in Turkey) have published a guide to FinTech in Turkey.

Turkey has extended R&D and design centers incentive program

March 29, 2021

According to data provided on the Ministry of Industry and Technology’s website, there are currently more than 1,500 research and development (R&D) and design centers employing more than 70,000 people in Turkey.

Decision of the Turkish Constitutional Court regarding the violation of right to property

March 24, 2021

A recent decision by the Turkish Constitutional Court constitutes a critical precedent with regard to the violation of the right to property.

Turkish Competition Authority published two important communiqués

March 22, 2021

The first relates to the mechanism applicable to the Commitments Offered During Preliminary Investigations and Investigations on Restrictive Agreements, Concerted Practices, Decisions and Abuse of Dominance, while the second exempts, except for clear and hardcore violations, certain practices which do not significantly restrict competition from investigation.

Competition Law in Turkey: Commitment mechanism

March 22, 2021

In March 2021, Turkish Competition Authority published two important communiqués.

Loan utilization and prepayment fees are recently amended

March 16, 2021

The Communiqué on Procedures and Principles Regarding Fees that can be Collected by Banks from Commercial Customers was amended.

Law No. 7223 on Product Safety and Technical Regulations enters into force as of 12 March 2021

March 11, 2021

The Law aims to ensure a product’s safety and compliance with technical regulations.

March 2021 Update: Measures to Reduce the Impact of COVID-19 on Employment Extended

March 10, 2021

A new presidential decision published in the Official Gazette on March 9, 2021 further extends several measures to provide Turkish businesses and employees with certain assurances in response to the pandemic.

Recent amendments on the Regulation on Commercial Advertisements and Unfair Commercial Practices

March 10, 2021

Recent amendments to the Regulation on Commercial Advertisements and Unfair Commercial Practices now provide for the concept of “misleading packaging.”

Turkey’s Digital Services Tax developments: USTR Report and Pillar One

March 08, 2021

As of March 1, 2020, Turkey effectively levies its Digital Services Tax (“DST”) to a broad range of digital activities.