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March 2010



The Act numbered 5951 “The Act regarding Alteration to be made in some acts and the Law on Procedure of Collection of Public Receivables” has been published in the Official Gazette dated 5th February 2010.

With article 8th of the present act, article 12 of Act regarding Foreigners’ Work Permit have been changed as follows “Foreigners who reside abroad may apply to Turkish Embassies in the country where they live in for the work permit. The Embassy forwards applications to the Ministry. The Ministry evaluate applications by taking opinions of the related institutions. The work permit is given to foreigners whose applications have been approved. The work permit becomes effective when work visa and residence permit are obtained. The foreigner who obtained the work permit should apply for entrance visa to the country in at least 90 (ninety) days and apply to the Home Office for residence permit in 30 (thirty) days upon arrival in the country.

If foreigner has a valid residence permit in Turkey then foreigner or his employer may also apply to the Ministry in Turkey.

Applications are concluded in 30 days at the latest by the Ministry if they made duly and all documents presented are complete and full.”

The notice on International Arbitration Fee Tariff has published in the Official Gazette numbered 27502 and dated 23rd of February 2010.

According to the notice on International Arbitration Fee Tariff, in compliance with the International Arbitration Act, the provisions of notice on the arbiter fee and arbitral tribunal fee will be applicable if there is no agreement concluded between parties and arbiter/ or arbitral tribunal on determining the fee or if there is no provision for determining the fee in arbitration agreement or if the parties have not referred any international rules on the fee or the institutional arbitration rules. The arbiter fee responses all work and transactions which have been made from the beginning of the arbitration until the final decision is given. As a consequence the fee is deemed to be earned at the end of arbitration.

The arbiter and arbitral tribunal will have the half price tariff fee if the case subject is not any more actionable, if waive and compromise is made before the arbiter and arbitral tribunal had provided a time limit to the parties for submitting their evidences. However if the mentioned time limit has been already given then the full fee is decided.

If the arbiter and the arbitration tribunal have partially decided about the case then the fee will be determined in consideration of the partial dispute amount. However, if the partial decision is a final decision then the full fee is given.

The notice refers to the International Arbitration Act for the situations when the fee is not payable partially or fully.

In case cancellation of the case is accepted, if there is not any appeal made against the acceptance decision and if the previous arbiter has been reappointed then the ¼ of fee in the tariff is decided.

According to the notice the fees to be determined is calculated in compliance with the below table:

DISPUTE AMOUNT

FEE

ONLY ONE ARBITRATOR

THREE OR MORE ARBITRATOR

                 0           -        500.000,00 TL

%5

%8

     500.000,01       -     1.000.000,00 TL.

%4

%5

  1.000.000,01       -     2.000.000,00 TL.

%3

%4

  2.000.000,01       -     5.000.000,00 TL

%2

%3

  5.000.000,01       -

%1

%2



The present notice has come into effect on 15th of March 2010.

PREVIOUS NEWSLETTERS:

July 2010 "THE NOTIFICATION RELATED TO PRODUCTS ON WHICH CUSTOM DUTIES ARE SUSPENDING AND WHICH WOULD HAVE TARIFF QUOTAS BY THE EUROPEAN UNION WAS PUBLISHED"
June 2010 "THE NOTICE REGARDING THE PRINCIPLES OF REGISTRATION OF SHARES TO THE BOARD AND SALE OF SHARES WAS PUBLISHED IN THE OFFICIAL GAZETTE DATED 3rd APRIL AND NUMBERED 27541"
May 2010 "THE AMENDMENTS HAVE BEEN MADE ON THE NOTIFICATION REGARDING THE RULES OF MERGING TRANSACTIONS"
April 2010 "THE GENERAL NOTIFICATION ON THE TAW PROCEDURE LAW HAS BEEN PUBLISHED"
March 2010 "The Act numbered 5951 "The Act regarding Alteration to be made in some acts and the Law on Procedure of Collection of Public Receivables" has been published in the Official Gazette dated 5th February 2010"
February 2010 "THE REGULATION ON CHANGING THE REGULATION WHICH IS ABOUT THE PRACTISE OF THE LAW ABOUT FOREIGNERS’ WORK PERMITS HAS BEEN PUBLISHED"
January 2010 "THE ANNOUNCEMENT ABOUT MAKING CHANGES ON THE ANNOUNCEMENT ABOUT INTERNATIONAL BANK ACCOUNT NUMBERS HAS BEEN PUBLISHED"
December 2009 "THE RE-ESTIMATION RATIO IN TAX PROCEDURE LAW HAS BEEN PUBLISHED"
November 2009 "THE ANNOUNCEMENT OF “THE TARIFF ABOUT MAKING A CHANGE ON THE TARIFF ABOUT ATTORNEYS MINIMUM FEE” HAS BEEN PUBLISHED"
October 2009 "THE DECLARATION ABOUT MAKING CHANGES ON THE DECLARATION CONCERNING THE MAXIMUM INTEREST RATES WHICH WILL BE APPLIED TO CREDIT CARD PROCEDURES HAS BEEN PUBLISHED."
July 2009 "THE ACT REGARDING THE ALTERATION OF THE PROPERTY OWNERSHIP LAW HAS BEEN PUBLISHED"
June 2009 "NOTIFICATION ON FINANCIAL CRIMES INVESTIGATION BOARD WAS PUBLISHED"
May 2009 "THE NOTICE ON APPLICABLE INTERESTS RATES ON REDISCOUNTS AND ADVANCES HAVE BEEN PUBLISHED."
April 2009 "THE LAW AMENDING SOME LAWS PUBLISHED IN THE OFFICIAL GAZETTE DATED 18.02.2009."
March 2009 "THE LAW AMENDING THE DECREE LAW ON PROTECTION OF TRADEMARKS HAS BEEN PUBLISHED."
February 2009 "THE NOTICE ON AMENDING THE NOTICE WHICH WAS ALTERED THE LAW ON REGULATION OF CHEQUE PAYMENTS AND PROTECTION OF HOLDERS OF CHEQUE WAS PUBLISHED"
January 2009 "The regulation on the acquisition of real property by foreign capital companies was published"
December 2008 "THE CONSTITUTIONAL COURT HAS ABOLISHED THE PROVISION WHICH WAS “PROHIBITED PRIVATE INDIVIDUALS AND LEGAL ENTITIES FROM TO GO ABROAD WHO ARE INDEBTED TO THE SAVING DEPOSIT INSURANCE FUND BOARD.”"
November 2008 "Ministry of Energy and Natural Resources Adopts a New Regulation on the State Geothermic Sources for Production of Electricity"
October 2008 "The Court of Appeal has ruled out that, the annual fee charged by banks for credit cards is unlawful."
September 2008 "Duty of Making Rent Payments Through Bank Transfer or Mail Order Brought by Paper Nr. 268 on Income Tax."
August 2008 "Real estate sale to foreign citizens re-regulated"
July 2008 "The Law on the Procedure of Collection of Public Debts is Amended"
June 2008 "The Constitutional Court approved the Istanbul 10th Enforcement Court’s appeal to strike out clause number 337/1 from the Bankruptcy and Enforcement Law which foresaw the 10 day disciplinary confinement for not declaring ones property."
May 2008 "Constitutional Court abrogated the subsection (d) of the article 3 of the Law on Direct Foreign Investment no. 4875 by its decision made on the 11.03.2008 and published on the Official Gazette on the 16.04.2008."
April 2008 "The Constitutional Court has rescinded the Paragraph (d) of the 3rd Article of the Law on Direct Foreign Investments no. 4875"
March 2008 "Amendments in the civil code, code of civil procedure of the code of intellectual and artistic works"
February 2008 "The Constitutional Court of Turkey Rejected The Annulment Case of The Law on Acquisition of Real Estates by Foreigners."
January 2008 "Law on Regulation of Internet Publishing and Struggle with Crimes Committed via Internet Publishing"
December 2007 "The Flat Ownership Act was amended on the 14.11.2007. One of the most significant amendments in the act is that any flat owner will not be entitled to carry out additional construction, repair, installation or painting in common areas of the building unless four fifth of the flat owners give their consent in writing for renovation."
November 2007 "With the law enacted in 9.11.2007, nuclear power plant construction and operation issues and principles of energy sales produced therein have been regulated. "
October 2007 "Intern lawyers will be able to work abroad"
April 2007 "Representative office establishment in Turkey"
March 2007 "Some Characteristics of Turkish Law on Foreign Employees and Employers"
February 2007 "Guarantee Contracts"
January 2007 "Validity Of Building Contracts In Return For Appartment Flats"
December 2006 "Leases In Big Shopping Centers,According To The Lessee's Point Of View"
November 2006 "Aexclusive Selling Contracts"
October 2006 "Acquisition of Rights on Intellectual and Artistic Works"
September 2006 "Letter Of Credit"
August 2006 "Real Estate Tax"
July 2006 "Free Trade Zones In Turkey"
June 2006 "Financial Lease Agreement Leasing"
May 2006 "Marital Property In Turkish Law"
April 2006 "Recogniton And Execution Of Foreign Courts Decrees"
March 2006 "Bank Guarantees In Turkish Law"
February 2006 "Basic Features Of Differencies Between A Limited Liability Company And A Joint Stock Corporation Under The Turkish Law"
January 2006 "The Measures Protecting The Rights Of Minority Of Shareholders In Joint Stock Companies"
December 2005 "Establshment Of A Lmted Lablty Company"
November 2005 "The Measures Protecting The Rights Of Minority Of Shareholders In Joint Stock Companies"
October 2005 "Divorce Causes In Turkish Law"
April 2005 "The Law Facilitating The Foreigners Purchasing Real Estates In Turkey Was Revoked By The Constitutional Court"
March 2005 "Turkey Is No Longer An Heaven For Piracy Of Works And Trademarks"
February 2005 "The Rights Of Intellectual And Artistic Works In Turkey"
January 2005 Agenda Of Turkey On The Way To Europe"
December 2004 "A Time For Turkeys Decision And Some Judicial Developments"
November 2004 "Recent News In Media For Foreign Investors "
October 2004 "Double Appeal System Was Also Accepted In Turkey"
September 2004 "The Latest Developments In Turkish Law"



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