The Presidential Executive Decree No. 85 dated 12 September 2018, prohibited the use of foreign currency in the agreements between the residents in Turkey. The Decree is a serious limitation of freedom of contract principle under Turkish law.
Turkey Legal Update
Turkish Color of the Month
Born in Elazığ on the South East of Turkey, Saim Dursun, depicts, with the warm liveliness of light and color on his spatula, the true Anatolian picture uncovering the strong willpower of Turkish people and their joy of life despite hardship.
In accordance with the communiqué on export prices published in the past few days, prices relating to export transactions carried out by residents in Turkey, will be transferred or brought directly and without delay to the bank which mediates the export after the importer’s payment.
Data Protection Board in Turkey has announced additional data controller categories exempt from the obligation to register to the Data Controllers Registry and also set forth the starting dates and deadlines for registing to the Data Controllers Registry.