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Impact of ESG on Lifecycle of M&A Transactions
In this article, we explore the evolving role of ESG factors in Türkiye's M&A landscape, addressing rising trends, regulatory frameworks, and the transformative impact of ESG on M&A transactions from negotiation to post-closing phases. We provide insights into the unique challenges and opportunities, highlighting the crucial role ESG plays in the country's economic development.Read more >
Legal Alert 17.11.2023
New Regulations on the Rental of Residential Properties for Tourism Purposes
The new regulations, scheduled to take effect on January 1, 2024, establish general principles, permissions, and administrative penalties concerning the short-term tourism-oriented rental of residences, limited to durations of fewer than one hundred days. Obtaining permission from the Ministry of Culture and Tourism is now mandatory for engaging in tourism-related rental activities and is subject to specific conditions. Additionally, the law outlines significant administrative fines and penalties, including the potential cancellation of the permission document, in the event of non-compliance.Read more >
An Interview with CBC Law Discussing Anti-Corruption in Turkey
Authored in collaboration with Lexology for the GTDT Market Intelligence Anti-Corruption 2023, this article explores recent anti-corruption developments in Turkey, emphasizing third-party compliance risks, examining evolving enforcement policies, and addressing unique challenges faced by compliance advisers amid economic turmoil.Read more >
Legal Alert 13.11.2023
Konutların Turizm Amaçlı Kiralanması Yeni Düzenlemelere Bağlandı
1 Ocak 2024 tarihinde yürürlüğe girecek olan yeni düzenleme ile konutların tek seferde yüz günden kısa süreyle turizm amaçlı olarak kiralanmasına dair genel esaslar, izinler ve idari yaptırımlar belirlenmiştir. Turizm amaçlı kiralama faaliyetinde bulunabilmek için Kültür ve Turizm Bakanlığı'ndan izin alınması zorunlu hale getirilmiş ve bu izin belirli şartlara bağlanmıştır. Ayrıca, kanunun ihlal edilmesi durumunda yüksek miktarda idari para cezaları ve izin belgesinin iptali gibi yaptırımlar öngörülmüştür.Read more >