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Member Articles


The Competition Board Rejected the Acquisition of the Marinas

Introduction The Competition Board (“Board”) has rejected the acquisition of the full shares of Beta Marina Liman ve Çekek İşletmesi A.Ş. (“Beta Marina”) and Pendik Turizm Marina Yat ve Çekek İşletmesi A. ...

Surety Rights to Recourse in Independent Collateral Suretyships

Introduction Independent collateral suretyships (also known as “auxiliary suretyship”), happens when more than one person becomes a surety for the same obligation without prior knowledge. As these sureties are unawa ...

Brokerage Agreements

Introduction Brokerage agreements are governed by Articles 520-525 of the Turkish Code of Obligations (“Code”). Brokerage agreements are the agreements where a broker prepares an environment to enable the parties to ...

'Non-dom' reforms

Contact: Boodle Hatfield (London, England) As reported in our last edition, some fundamental changes to the taxation of 'non-doms' (UK residents who are domiciled abroad) are due to take effect from April 2017. A Consul ...

Intermediation of Investment Companies for Derivative Transactions under New Capital Markets Law

In today’s financial markets, derivative instruments comprises an essential part of capital market activities, both for banks and intermediary institutions, as well as the companies aiming to manage their portfolio ris ...

Formation of Contracts under CISG

Introduction The United Nations Convention on Contracts for the International Sale of Goods (“CISG”) regulates the formation of contracts under Part II, Articles 14 to 24. Articles 11, 13 and 29 also provide insight ...

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