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17 Jan 20
CMS sup­ports Turk­ish banks in fin­an­cing in­fra­struc­ture...
24 Jan 20
Tax­pay­ers urged not to miss fil­ing date for law­suits on valu­ation...
After the in­tro­duc­tion of the Valu­able House Tax dated 7 Decem­ber 2019 pas­sage of the Om­ni­bus Bill, prop­erty own­ers are sub­ject to a tax on "im­mov­ables" with­in Tur­key val­ued at TRY 5,000,000 (ap­prox­im­ately...
CMS Ex­pert Guide to La­bour Law in Cent­ral East­ern Europe
22 Jan 20
Oil & Gas/Ship­ping - Time bars and sup­port­ing doc­u­ments in de­mur­rage...
In Tankreederei GmbH & Co KG v. Marubeni Cor­por­a­tion (the “Amalie Ess­ber­ger”) [2019] EWHC 3402 (Comm), the Com­mer­cial Court de­cided that the Own­er of a Ves­sel was not time barred from bring­ing a de­mur­rage...
March 2019
In­sur­ance In­sights
15 Jan 20
Tur­key launches Com­mer­cial Elec­tron­ic Com­mu­nic­a­tion Man­age­ment Sys­tem
The Turk­ish Trade Min­istry has car­ried out ex­tens­ive amend­ments to the Reg­u­la­tion on Com­mer­cial Com­mu­nic­a­tions and Com­mer­cial Elec­tron­ic Mes­sages, which over­sees com­mer­cial com­mu­nic­a­tions and re­port­ing...
26 Nov 19
Bridging Con­tin­ents - In­fra­struc­ture In­dex 2019
06 Jan 20
Land­mark cli­mate change judg­ment: Dutch gov­ern­ment again com­pre­hens­ively...
On 20 Decem­ber 2019, the highest court (Su­preme Court) in the Neth­er­lands dis­missed the Dutch Gov­ern­ment’s fi­nal ap­peal in the land­mark cli­mate change case, Ur­genda Found­a­tion v The Neth­er­lands. This...
CMS Ex­pert Guide to Pass­port­ing (UCITS)
31 Dec 19
Amend­ment on cap­it­al move­ments re­quires for­eign share­hold­ers to con­vert...
For­eign share­hold­ers in Turk­ish com­pan­ies are now ad­vised to con­vert their cap­it­al in­creases in­to for­eign cur­rency with­in three months or the in­crease will be con­sidered a share­hold­er loan. This change...
CMS Ex­pert Guide to Pass­port­ing (AIF)
31 Dec 19
Turk­ish ap­peals court rules fixed-term pen­al­ties ap­ply even in open-ended...
In a land­mark de­cision on 8 March 2019, the Turk­ish Court of Ap­peals ruled that pen­alty clauses un­der a def­in­ite or fixed-term em­ploy­ment agree­ment will be val­id for the agree­ment's dur­a­tion even if the...