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Latest updates and developments from Turkish Jurisdiction

Turkish Law Blog

You can read and follow the latest news on Turkish law and legal regulations from Cosar & Akkaya Law Firm.

Turkish Personal Data Protection Board Ruling Search Engine Operators as Data Controllers

Turkish Personal Data Protection Board Ruling Search Engine Operators as Data ControllersPersonal Data Protection Board in Turkey concluded that search engine operators are data controllers for the purpose of Turkish Law on the Protection of Personal Data as the purposes and means of the processing

Escrow Agreements and Trustee Services in Turkey

Escrow Agreements and Trustee Services in TurkeyAs Cosar & Akkaya Law we provide legal escrow and trustee services for our clients pursuant to their needs.Escrow and trustee mechanism is a common practice in transactions aiming to secure the performance of the obligation at a later

Financial Leasing, Factoring & Financing

 FINANCIAL LEASING, FACTORING AND FINANCING COMPANIES IN TURKEY Financial leasing, factoring and financing companies in Turkey are regulated by Banking Regulation and Supervision Agency (BRSA). Any legal entity willing to provide any of the services falling under the scope of financial leasing, factoring or financing in

How to Start a Business in Turkey?

“How to start a business in Turkey?” Turkey host many national and international companies due to its unique trading location and significant importance. To start a business in Turkey as a foreigner it is key to understand business environment of the country, types of legal entities,

What is FinTech Law?

What is FinTech Law?Over recent years, the financial services industry has been experiencing dramatic changes as a result of technological development and digital transformation. The changes can be seen obviously on how the financial services are offered by FinTech companies, customer behaviours in using the

What is Contract Law?

What is Contract Law?Contract is basically a legally enforceable agreement between two or more parties where each party assumes an obligation that must be completed. Contract law can be described as the area of law that governs making contracts, carrying them out and determining a

Turkish Citizenship by Investment

Turkey offers Turkish Citizenship to foreign investors and their eligible family members through the program of Turkish Citizenship by InvestmentTurkey has launched its Turkish Citizenship by Investment Program at the end of 2016 and since then the growing number of investors are joining the program

Company Formation in Turkey

Foreign investors who have questions related to the company formation in Turkey may find below Q&A helpful. For any further inquiry or to hire our commercial team to represent you in company formation in Turkey, please drop an email to info@cosarakkaya.law  1-  Can a foreigner investor

Escrow Agreements and Trustee Services in Turkey

As Cosar & Akkaya Law we provide legal escrow and trustee services for our clients pursuant to their needs.

Escrow and trustee mechanism is a common practice in transactions aiming to secure the performance of the obligation at a later time if immediate performance is impossible or not preferred. In other words, escrow agreements secure the payments, especially on conditional agreements.

TURKISH CITIZENSHIP BY INVESTMENT

Turkey offers Turkish Citizenship to foreign investors and their eligible family members through the program of Turkish Citizenship by Investment
Turkey has launched its Turkish Citizenship by Investment Program at the end of 2016 and since then the growing number of investors are joining the program as the investment thresholds were taken down at the end of 2018 to attract more applicants for Turkish Citizenship by Investment.

RECOGNITION AND ENFORCEMENT OF UK JUDGEMENT IN TURKEY

The need to get judgments recognized and enforced across national borders has rapidly increased for the last decades as a consequence of globalization. Yet there is no universal application of rules for recognition and enforcement throughout different jurisdictions. Each country implements its own set of rules and procedures in recognizing and enforcing foreign judgements.

COMPENSATION RIGHTS ARISING FROM ACCIDENTS OCCURS IN HOTELS IN TURKEY

This post aims to give information about compensation rights arising from accidents occurs in hotels in Turkey from the perspective of Turkish Law on Personal Injury. The rules governing the compensation rights of holidaymakers arising from accidents occurred in tourism facilities (mainly hotels) in Turkey

How to get internet broadcasting license in Turkey?

Obtaining internet broadcasting license in Turkey  One of the issues that recently Turkey’s most talked about was the introduction of controls on broadcasts from the Internet. The new arrangement, the Regulation on the Transmission of Radio, Television and On-Demand Services  on the Internet (hereinafter referred to

Penal Clause in Turkish Contract Law

It is important to understand the implementation of Penal Clause (or contractual penalty in other words) within the context of Turkish Contract Law before signing any contract in Turkey. A penal clause is considered as a mechanism to force the debtor to fulfil its obligation duly

Turkish Data Protection Law on cross-border transfers of personal data from Turkey to abroad

Turkish Data Protection Law on cross-border transfers of personal data from Turkey to abroad is the subject of this informative article. Turkish Data Protection Law is also applicable to the foreign companies doing business in Turkey from abroad. Compliance to the rules and procedures in

How to recover your investment in real estate from a contractor in Turkey?

Cosar Akkaya Law Firm assist foreign nationals who are encountering with problems in their Real Estate Investment   It is possible from a legal perspective to recover your investment in real estate from a contractor in Turkey, if such contractor breaches its obligations arising from

How to get Turkish citizenship?

We are assisting our foreign clients who are interested to apply Turkish citizenship. Turkish citizenship can be acquired either by (i) birth, (ii) marriage, (iii) being resident in Turkey for 5 years or (iv) by investment. Please visit our article by clicking here for getting

E-ticarette güven damgası başvuruları başladı

E-ticarette güven damgası dönemi başlıyor. 2017 yılının ortasında Resmî Gazete yayımlanarak yürürlüğe giren Elektronik Ticarette Güven Damgası Hakkında Tebliğ ile hukuki alt yapısı oluşturulan e-ticarette güven damgası sistemi için başvurular kabul edilmeye başlandı. Başvurular Türkiye Odalar ve Borsalar Birliği’ne online olarak yapılacak ve TOBB tarafından

E-TİCARET HUKUKU; E-TİCARET ALANINDA TEMEL HUKUKİ DÜZENLEMELER

Dijital devrim ile birlikte, tüm sektörler bakımından e-ticaretin önemi yadsınamaz hale gelmiş ve dolayısıyla E-Ticaret Hukuku da her gün biraz daha gelişen ve genişleyen nispeten genç bir hukuk alanı olarak literatürdeki yerini almıştır. E-Ticaret alanında sıklıkla internet teknolojisi, mobil ticaret, elektronik para transferleri, elektronik pazarlama

Buying a Property (Real Estate) in Turkey: How to secure your investment pursuant to Turkish Property Law?

Turkish property law is one of our areas of expertise in which we provide boutique services to our foreign clients who are intending to buy a property in Turkey.   Are foreigners eligible to buy property (real estate) in Turkey? Turkish property law allows foreigners

Company Formation in Turkey

Foreign investors who have questions related to the company formation in Turkey may find below Q&A helpful. For any further inquiry or to hire our commercial team to represent you in company formation in Turkey, please drop an email to info@cosarakkaya.law 1) Can a foreigner

Financial Leasing Regulation in Turkey

Financial Leasing in Turkey is regulated through the main piece of Law on Financial Leasing, Factoring and Financing Companies Nr. 6361 published in the Official Gazette dated 13th December 2012 and numbered 28496. Overview of the Turkish regulations in finance leasing: Under Turkish Law, the main

TURKISH CITIZENSHIP BY INVESTMENT

Turkey offers Turkish Citizenship to foreign investors and their eligible family members through the program of Turkish Citizenship by Investment Turkey has launched its Turkish Citizenship by Investment Program at the end of 2016 and since then the growing number of investors are joining the

The Body of Current E-Commerce Law in Turkish Jurisdiction

Laws and regulations applicable to Turkish online trading market E-commerce regulation in Turkey must be examined by foreign companies providing services in the borders of Turkey. The body of current e-commerce law under Turkish jurisdiction should be pre-examined and understood well by companies who are

SME E-Commerce Summit held under the auspices of IdeaSoft and Google

Cosar Akkaya has attended the SME E-Commerce Summit   Digital transformation is key to growth of SMEs and it should be considered as comparative business advantage  As Cosar Akkaya Law, we have attended the ‘SME E-Commerce Summit’ held under the auspices of IdeaSoft and Google