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April | Sustainability Bulletin
Written By Nihan Zeynep Aksan | 05 April 2024
April | Sustainability Bulletin
The Ministry of Energy and Natural Resources (“the Ministry”) announced that under the 2024 Investment and Support Program, applications for projects with an estimated investment cost of 3 million Turkish Lira or more and a maximum payback period of five years will be accepted. The maximum budget allocated by the Ministry for these projects
Artificial Intelligence and Law United: European Union and Artificial Intelligence Act Approved
Written By Zeynep Taydaş | 18 March 2024
Artificial Intelligence and Law United: European Union and Artificial Intelligence Act Approved
The effort to adapt the law to the new world order continues at full speed. As the global artificial intelligence (AI) market is expected to reach 1.5 trillion dollars by 2030, the European Union Artificial Intelligence Act ("AI ACT") was approved in the European Parliament on March 13, 2024, with 523 votes in favour and 46 against,
March | Sustainability Bulletin
Written By Nihan Zeynep Aksan | 11 March 2024
March | Sustainability Bulletin
Ministry of Trade Announces Support Package for “Green Transformation” in Exports On February 23, 2024, the Official Gazette published the Presidential Decree No. 8191, amending the Decision on Export Supports. The Ministry of Trade, recognizing the European Union (EU) as Turkey’s paramount
Blockchain&Cryptocurreny Regulation 2024 - Türkiye/Turkey
Written By Alper Onar | 10 January 2024
Blockchain&Cryptocurreny Regulation 2024 - Türkiye/Turkey
Türkiye is one of the largest and fastest crypto adopters globally. It was estimated that over 5 million people currently own cryptocurrency in Türkiye according to the Crypto Currency Research Report published by the Information Technologies and Communication Authority of Türkiye in May 2020. Currently, there is no legal investor...
Crypto Assets 101 and the Regulatory Framework
Written By Emre Subaşı | 12 July 2023
Crypto Assets 101 and the Regulatory Framework
In the ever-expanding world of finance and technology, crypto assets have emerged as a prominent player, captivating the attention of investors, regulators, and enthusiasts alike. However, defining what constitutes a crypto asset has been a subject of debate in its early stages. Today, with the growing consensus among regulatory...
Major Changes Regarding The Acquisition Of Turkish Citizenship By Investment
Written By Nargiz Gambarova | 21 December 2022
Major Changes Regarding The Acquisition Of Turkish Citizenship By Investment
Following the amendment made in Circular No. 2019/5 issued within the scope of the Implementation Regulation of the Turkish Citizenship Law, major changes have been made in implementing the Turkish Citizenship Law, effective as of 01.01.2023.
Blockchain&Cryptocurreny Regulation 2023 - Türkiye/Turkey
Written By Alper Onar | 10 November 2022
Blockchain&Cryptocurreny Regulation 2023 - Türkiye/Turkey
Türkiye is one of the largest1 and fastest crypto adopters globally. It was estimated that over 5 million2 people currently own cryptocurrency in Türkiye according to the Crypto Currency Research Report published by the Information Technologies and Communication Authority of Türkiye in May 2020.
Acquisition Of Turkish Citizenship By Bank Deposit
Written By Nargiz Gambarova | 18 October 2022
Acquisition Of Turkish Citizenship By Bank Deposit
According to the Banking Regulation and Supervision Agency (BRSA), foreign investors can acquire Turkish citizenship by investing at least 500,000 US Dollars or equivalent foreign currency or Turkish Lira deposits (this amount was at least 3,000,000 US Dollars before the amendment) to banks operating in Turkey for three (3) years.
One Step Closer To Carbon Border Adjustment Mechanism
Written By Onur Ergün | 01 July 2022
One Step Closer To Carbon Border Adjustment Mechanism
With regard to the European Union (“EU”) practices on Climate Change which we have mentioned in our previous articles, last Wednesday, July 22, European Parliament adopted three key draft laws with the intention of making the Green Deal and the carbon net-zero
The Overtime Tracking System with Fingerprints has been Evaluated by the Constitutional Court as a Violation of Rights!
Written By Zeynep Taydaş | 03 June 2022
The Overtime Tracking System with Fingerprints has been Evaluated by the Constitutional Court as a Violation of Rights!
As a result of the individual application, the Constitutional Court decided that fingerprint tracking at workplaces is an act that violates the right to request the protection of personal data within the scope of respect for private life.
Primary legal issue to consider after enactment of the law for Crypto Asset Service Providers in Turkey: Licensing
Written By Girişim Sermayesi Departmanı | 28 March 2022
Primary legal issue to consider after enactment of the law for Crypto Asset Service Providers in Turkey: Licensing
Proposal of the draft law on crypto assets (“Draft”) to the Grand National Assembly of Turkey is undoubtedly long-awaited in the crypto-asset industry. Although there are various speculations and expectations regarding the Draft, it is considered almost certain that the regulation and supervision of the crypto-asset industry will be
The Guidance For The Regulation On The Implementation of Turkish Citizenship Law Has Been Amended on 22.03.2021!
Written By Anet Biçer | 31 March 2021
The Guidance For The Regulation On The Implementation of Turkish Citizenship Law Has Been Amended on 22.03.2021!
For the sale or promise-to-sell of immovable / immovables between foreigners; , the phrase "Including the foreign person's spouse and children" was added to the regulation stating that