MGC Legal Telegram


Postponed Provisions of Turkish Code of Obligations  

Turkish Code of Obligations was accepted by The Grand National Assembly of Turkey on January 11, 2011 and entered into force as Law No. 6098 on 1 July 2012.  

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Information Technology Crimes

Informatics is defined as the regular and reasonable processing of information’s, especially via electronical devices, which is the basis of science, used by human beings in its communication in technical, economics and social fields, according to Turkish Language Association.

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Information Note on Dividend Distribution in the Era of Covid-19 Pandemic

Due to Coronovirus Disease COVID-19 Pandemic, most of companies and enterprises have aligned their business operations to cope with the negative impact and mitigate the damages incurred. With an effort to avoid transmission and spread of the disease, a lock down has been imposed and activities at some of the business places have been temporarily halted until further notice.  Accordingly, real sector have been inevitably affected and financial outlook of the companies have been deteriorated as an adverse consequence of the disease. 

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Nuclear Energy Law Under The Paris And Vienna Conventions And Legal Responsibility In Nuclear Accidents

Especially since May 2010, when the first concrete step was taken for the nuclear power plants that have been at the forefront of Turkey's energy agenda for the last fifteen years, a considerable distance has been made. First, the process started with the Russian Federation for the Akkuyu Nuclear Power Plant and the negotiations continued with Japan and France for the construction of a second nuclear power plant in Sinop. In 2015, it was stated that a button was pressed by the authorities for a third power plant in Iğneada and preliminary negotiations were held with Chinese and US companies for its construction.

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Information Note on the Pending Amendment Proposal in Banking Law

With a view to ensure harmonization and compliance with prevailing international standards and best practices across the financial sector; The draft legislative proposal dated 02.06.2020 and numbered 98 which will bring substantial amendments to the Banking Law Numbered 5411 has been submitted to the attention of Turkish Grand National Assembly and is expected to be adopted “as is” maybe with only some slight amendments.

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