Emergency
Apr 1, 2024
HOW DOES THE "INFLATION ACCOUNTING" AFFECT THE COMPANY CAPITALS?
The Tax Procedure Law No. 213 ("Law") regulated as "Inflation Adjustment", but recently referred to as "Inflation Accounting", has recently come to the fore again as ...
Nov 22, 2023
MARITIME DISPUTES: A COMPREHENSIVE EXAMINATION OF LMAA, ISTAC, AND TURKISH COURTS' APPROACHES TO MARITIME CASES
As a preliminary observation, it is crucial to highlight that Turkey does not currently possess a dedicated arbitration center established solely for the administration of maritime law. There a...
Nov 8, 2023
Cargo Shortage/Overlanding Claims in Turkish Jurisdiction
Due to the nature of bulk cargoes, it is not always possible to determine the exact quantity of the cargo because different measurement methods, taking different variables while calculating and someti...
Jan 13, 2023
Obtaining Turkish Citizenship through Acquisition of Real Property
A new guideline has been published by the General Directorate of Land Registers' Foreign Affairs Department in order to regulate the procedures and principles to apply in the transactions regardin...
Jan 4, 2023
The new pollution fine tariff in Turkey effective as of 1st of January 2023
On 29 December 2022 the administrative fines have been revised and published in the Official Gazette. With the new measures for marine pollution the vessels face harsher penalties as the fines have ...
Jan 2, 2023
Recent Amendments Regarding The Conditions for Being Subject to Independent Audit
In accordance with the Turkish Commercial Code (‘TCC’), companies that are to be determined under the Presidential Decision have been included in the scope of independent audit. The audit ...
Dec 7, 2022
Turkish Authorities Request Confirmation Of P&I Cover For Vessels Carrying Crude Oil Through Turkish Straits
The Turkish Government has issued a circular dated 16.11.2022 which requires all ships transiting or entering Turkish waters must provide letters of confirmation from the owner’s P&I Club st...
Sep 23, 2022
Communiqué Amending the Communiqué on the Equipping of Ships and their Characteristics of Automatic Identification System (AIS) Class-B CS Devices
Communiqué Amending the Communiqué on the Equipping of Ships and their Characteristics of Automatic Identification System (AIS) Class-B CS Device was published in the Official Gazette da...
Sep 20, 2022
Regulation on the Trafe of Second-Hand Motorized Vehicles
With the Regulatıon on Amending The Regulation on Trade of Second-Hand Motorized Vehicles of the Ministry of Commerce, which was published in the Official Gazette on 16 August 2022, some prohibitions ...
Jun 22, 2022
MARINE POLLUTION FINES
New amendments to the Environmental Code were published in the Official Gazette on the 15th June 2022. With the new measures for marine pollution the vessels face harsher penalties especially within t...
Jun 14, 2022
LEGAL NATURE OF ELECTRONIC CONTRACTS
About Electronic Contracts In an increasingly digital world, the importance of Electronic Contracts ("E-Contract") is increasing for both individuals and companies. E-Contracts are define...
Apr 20, 2022
The fifth package of sanctions issued by the European Commission
Is the Turkish shipping market effected by the fifth package of sanctions issued by the European Commission? With Russia being considered a “War Zone” , On the 8th of April the fifth ...