Important Regulations Which Are Effective As Of 2024 And/ Or Has Been Made Subject To Time Extension 10 January 2024
Laws No. 5746 and No. 6550 extended the regulation on higher depreciation (showing expenses related to depreciation) and calculation rates and periods for new machines acquired for use in R&D, innovation and design activities.
- The period of calculation with higher depreciation by taking into account half of the useful life periods determined and announced by the Ministry of Finance has been extended until 31/12/2024 with Article 16 of the Law No. 7491 on Amendments to Certain Laws and Decree Laws.
- With the provisional Article 32 added to the Banking Law No. 5411, companies that are in financial difficulty but are able to continue their activities through restructuring their debts were given the opportunity to restructure their debts by agreeing with creditor institutions within the scope of framework agreements to be determined and announced by the Banks Association of Turkey. This period was extended for another 2 years as of 28.12.2023, the publication date of Law No. 7491, with Article 52 of the Law No. 7491 on Amendments to Certain Laws and Decree Laws.
- Provisional Article 3 of the Cheque Law dated 14/12/2009 and numbered 5941 was as follows: "Until 31/12/2023, the submission of the cheque to the addressee bank for payment before the date of issue written on it is invalid." This period was extended until 31.12.2025 with Article 65 of the Law No. 7491 on the Amendment of Certain Laws and Decree Laws. Thus, presenting the cheque to the addressee bank for payment before the issue date written on the cheque will be invalid until 31/12/2025.
- With the Presidential Decree No. 7887 published in the Official Gazette dated 25.11.2023, effective from 01.01.2024, the minimum capital amounts regulated in the Turkish Commercial Code for joint stock and limited liability companies have been increased. For joint stock companies, it was increased from 50 thousand liras to 250 thousand liras; for limited liability companies, it was increased from 10 thousand liras to 50 thousand liras. In addition, the minimum initial capital for non-public joint stock companies that accept the registered capital system has been set at 500 thousand liras.
- With the Regulation Amending the Regulation on the Principles and Rules to be Applied in Retail Trade published in the Official Gazette dated 14.12.2023, it was established that (i) the duration of payments for agricultural and food products that can spoil within thirty days from the date of production 2024 cannot exceed thirty days if the creditor is micro or small, the debtor is medium or large scale or the creditor is medium, the debtor is large scale, and forty-five days in other cases, (ii) the duration of payments for agricultural and food products other than those can be spoiled within thirty days from the date of production cannot exceed sixty days if the creditor is micro or small, the debtor is medium or large scale or the creditor is medium, the debtor is large scale. In addition, it is stated that if the payment is made by cheque, the date of valid presentation and if the payment is made by deferred instruments, the due dates must be within the periods specified in this article.
- With the Regulation Amending the Regulation on Principles and Rules to be Applied in Retail Trade published in the Official Gazette dated 14.12.2023, the Ministry of Commerce has been authorised, as of 01.01.2024, to impose an obligation on the sale of food products for diseases requiring medical nutrition treatment to be applied in branches with a sales area of more than 250 square metres, for chain stores which are selling fast-moving consumer goods with more than 200 branches.
- Pursuant to the Regulation Amending the Price Label Regulation by the Ministry of Commerce published in the Official Gazette dated 19.12.2023, as of 01.01.2024, documents, plates, boards and the like related to tariffs and price lists must be placed in the workplace where the service is provided according to the nature of the services and the way they are offered to the consumers, and also in front of the entrance door of the workplace and on the tables where the service is provided in the workplaces where restaurants, restaurants, cafes, patisseries and similar food and beverage services are provided, in a way that can be easily seen and read by consumers.
- With the Regulation Amending the Regulation on the Trade of Second-Hand Motor Land Vehicles published in the Official Gazette dated 13.12.2023, the duration of the regulation known as the ban on the sale of new cars for 6 months or 6,000 KM has been extended to 01.07.2024 and "motorcycles" are also included in this limitation. Likewise, the prohibition on the marketing of second-hand motor vehicles through advertisements at a price above the sales price recommended by the manufacturer or distributor has been extended until 01.07.2024.
Other News
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19.11.2025
The Letter Of Intent Procsess in Merger and Acquisition Transactions
Merger and acquisition ("M&A") transactions are multi-layered processes from both legal and commercial perspectives. Before the parties proceed to the contractual stage, they enter into a preparatory phase in order to articulate their transactional intentions, exchange commercial expectations, and establish the legal framework. This preparatory phase constitutes the initial stage in which the parties discuss the fundamental principles of the transaction structure, formulate their negotiation strategies, and assess the transactional risks.
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13.11.2025
New Constitutional Court Decision On Violation Of The Right To A Reasoned Decision Published İn The Official Gazette
1. INTRODUCTION The reasoning constitutes the part of judicial decisions that demonstrates the cause and justification for resolving the matter in the manner indicated in the operative section, and it is an extension of adjudication. The fact that the reasoning is satisfactory and consistent is crucial for ensuring the right to be legally heard and the right to a fair trial. By setting forth the court's impartiality, a reasoned judgment enables the parties to understand and be satisfied with the material and legal grounds upon which they have won or lost the case, owing to reasoning that genuinely aligns with the contents of the file, as well as with logic and law.
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6.11.2025
Decision Of The Constitutional Court Concercing Excluded Pernonnel
In the Constitutional Court's Judgment published in the Official Gazette dated 22 September 2025.
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23.10.2025
The Obligation for the Principal and Subcontractor Employers to Jointly Participate in Mediation Has Been Annuled by the Constitutional Court
An important Constitutional Court decision has been published regarding the mediation process that an employee can apply to with a request for reinstatement after the termination of employment relations in the workplace. The Constitutional Court ruled that the provision in paragraph (15) of Article 3 of the Labor Courts Law No. 7036, which states, "In cases where there is a principal employer-subcontractor relationship, for a request for reinstatement to be submitted to a mediator, the employers must participate in the mediation talks together and their intentions must be compatible for an agreement to be reached," is unconstitutional. The decision was published in the Official Gazette dated October 17, 2025, and numbered 33050.
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22.10.2025
The Constitutional Court Has Annulled The Provision Granting The President Authority To Restrict Foreign Exhange And Money Movements!
In its decision No. 2024/193 Merits 2025/136 Decision1 dated 17 June 2025 ("Decision"), published in the Official Gazette on 15 October 2025, the Constitutional Court ("Court") annulled Article 1 of Law No. 1567 on the Protection of the Value of the Turkish Currency ("Law"). The annulled provision had stated that: "The President is authorized to make decisions for the regulation and restriction of the export from or import into the country of currencies, securities, and bonds, and of the purchase and sale of foreign exchange, cash, securities, bonds, precious metals, precious stones, and any goods and valuables made of or containing them; as well as of commercial papers and all means and instruments used for payment, and to take decisions aimed at protecting the value of the Turkish currency."
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20.10.2025
Seizure of Property Belonging to Persons Other than the Debtor and Protection of Legal Rights
In enforcement proceedings, the seizure of property that does not belong to the debtor but rather to third parties is a situation frequently encountered in practice that leads to significant aggrievements. Uncertainties arising from property regimes complicate ownership relations, making it difficult to accurately determine to whom the property belongs during enforcement measures. Within this framework, when seizure is imposed on property belonging to the debtor's spouse or another third party, the most important legal remedy is the ownership claim (assertion).
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19.10.2025
Mergers and Acquisitions and the Notification Obligation within the Framework of Competition Law
Mergers and acquisitions (M&A) are at the center of the growth and restructuring strategies of companies. These transactions, serving the purpose of companies to expand both nationally and internationally to increase their market shares or to enter into new markets, not only give rise to economic and commercial consequences but also carry the potential to directly affect the competition dynamics in the relevant market. Therefore, merger and acquisition transactions may affect the competition structure in the market. In this respect, while M&A transactions create strategic opportunities, they are also among the areas carefully scrutinized by regulatory authorities to preserve competitive order.
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16.10.2025
Important Amendment to the Organized Industrial Zones (OIZ) Implementation Regulation: Additional Time Granted To Participant
Published in the Official Gazette No. 33050, dated October 17, 2025, the "Regulation Amending the Organized Industrial Zones Implementation Regulation" introduces a new Provisional Article 13 to the existing regulation.This new provision allows OIZ participants who have not yet obtained a building permit or a workplace opening and operating license to apply for an extension period under certain conditions.
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14.10.2025
Current Status Of The Obligation To Maintain Commercial Books In Electronic Form
1. INTRODUCTION With the Communiqué Amending the Communiqué on Keeping Commercial Books Not Related to the Accounting of the Enterprise in Electronic Form, published in the Official Gazette dated September 20, 2025 and numbered 33023 (“Amendment Communiqué”), significant amendments have been introduced to the Communiqué on Keeping Commercial Books Not Related to the Accounting of the Enterprise in Electronic Form, published in the Official Gazette dated February 14, 2025 and numbered 32813 (“Communiqué”).
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24.9.2025
Social Security Procedures To Be Carried Out By The Employer Following A Reinstateme
Upon receiving notification of a final and binding reinstatement decision, if the employee communicates their intention to return to work within 10 business days, the employer may either reinstate the employee or refuse reinstatement by paying both the four months' idle period wages determined by the court and the compensation for non-reinstatement. As seen, the employer has two alternative courses of action in this situation; however, the procedures to be carried out before the Social Security Institution (SGK) differ in each case.
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18.9.2025
The Court of Cassation has Ruled That The Competent Court Fot Cases Brought On The Grounds Of Volation Of The Non-Competition Clause Is The Commercial Court of First Instance
1. Introduction The duty not to compete is a type of loyalty obligation owed by the employee to the employer. The employee undertakes not to compete with the employer during the term of the employment contract as part of their loyalty obligation. However, Turkish law does not contain any legal provisions prohibiting the employee from competing with the employer after the employment contract has ended. However, the parties may freely agree that the employee will not compete with the employer after the termination of the employment contract. Articles 444-447 of the Turkish Code of Obligations also contain provisions and restrictions regarding non-competition agreements that may be established between the employee and the employer.
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15.9.2025
Transfer Fee: Legal Characterization and Practical Application
1. Introduction The concept of a transfer fee is not directly defined in the Turkish Labor Code; its framework and legal nature in practice have largely been shaped by the decisions of the Court of Cassation (Turkey). This practice, which arises particularly in sectors with intense competition and limited skilled labor, is a type of payment that employers must carefully consider within the scope of their employment policies.
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4.9.2025
Competition in the Labor Market: HR Practices to Avoid
The Turkish Competition Authority ("Authority"), which is entrusted with ensuring the proper functioning of markets, identifying practices that restrict competition, and imposing sanctions against infringements, operates under Law No. 4054 on the Protection of Competition ("Law") without distinction between input and output markets. Labor markets have recently emerged as one of the primary arenas in which entities compete in input markets and, with the influence of various additional dynamics, have become a market increasingly prioritized by the Authority. The Guidelines on Competition Violations in Labor Markets ("Guidelines"), adopted by the Authority on November 21, 2024, serve as an important reference for the prevention of competition infringements in labor markets. In this bulletin, in light of the Guidelines and decisions of the Competition Board ("Board") within the Authority, (i) the fundamental principles and information regarding the application of competition law to labor markets, and (ii) the main prohibited practices to be observed when competing in labor markets will be addressed.
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28.8.2025
Does An Employee's Extended Period Of Sick Leave Grant The Employer The Right To Terminate The Emploment Contract?
In employer-employee relations, the direct impact of long-term medical reports on the status of the employment contract holds critical importance for both employees and employers. In particular, uninterrupted periods of sick leave lasting for a certain duration are regulated under Article 25/I(b) of the Labour Law as a specific provision that grants the employer the right to immediate termination for just cause and determines the rights to be granted to the employee. In this context, how the employer may exercise the right of termination for just cause following the employee's extended medical leave and the legal basis of this process should be examined in detail.
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26.8.2025
Regulation On Direct Selling Was Published
The Regulation on Direct Selling ("Regulation"), issued by the Ministry of Trade ("Ministry") pursuant to Articles 47/A and 84 of the Consumer Protection Law No. 6502, was published in the Official Gazette dated 08.08.2025 and numbered 32980, thereby entering into force.
