- Monthly Newsletters
- June 2021
Turkey Legal Update - June 2021
Changes in Anti-Money Laundering Legislation in the First Half of 2021
The first six months of 2021 have witnessed significant amendments to the legislation on the prevention of money laundering and financing of terrorism which bring new obligations for several types of companies.
Using Foreign Currency Loans from a Group Company as an Alternative Financing Source
Companies need to increase their capitals to meet their financing needs. Alternatively, companies may temporarily meet this need through loans extended within the group, provided that the legislative conditions are met.
Guidelines on Electronic Scientific and Product Promotion Meetings Has Been Published
The lack of rules for organizing electronic meetings led the Agency to publish new Guidelines.
A Closer Look at the Turkish Court of Cassation’s Supervisory Power and Its Boundaries
Decisions rendered by inferior courts shall be examined by the Court of Cassation solely in respect of its compliance with laws and a reversing decision may not be passed by substituting to inferior courts and ruling out their discretion.