Although there is no debtor change in the type change, under certain circumstances it is possible that the rights of the creditors are adversely affected in spite of the type change. For this reason, as in the case of merger and division, Article 158 of the TCC has to be applied.
The new dated communiqué issued in accordance with the decision of the Council of Ministers is the Declaration on the Support of Fair Participations to be held Abroad. The Ministry is empowered for removing, updating, applying the procedures and principles, withdrawing the support given or completely withdrawing it and making all factual and formal changes.
The real estate sector in Turkey has gained tremendous value over the last fifteen years and offers attractive opportunities for foreign investors. Many investors from Europe and America, especially from the Middle East countries, have turned these possibilities into opportunity.
According to the amendment made in Article 7, if there is only one dentist in the clinics due to death or other reasons and an another partner dentist can not be found in 3 months, the clinic will be closed or converted to a medical consulting center.
Development Readjustment Share (DRS) is the share that is left to the administration up to an amount of 40% of the former surfaces of the readjusted lands and terrains, as a result of increase in value by readjustment.
Darüşşafaka and Derbent (Çamlıtepe) districts have been announced as risky areas in the trade registry gazette dated January 3, 2017. Accordingly, urban transformation in such districts will most likely accelarate at a higher speed.
Communiqué On The Signing Of A Company’s Article Of Association (“AoA”) at Trade Registry Directorates (“Directorate”) has entered into force with the publication of Official Gazette dated December 6, 2016 that regulates operating and procedures of signing an AoA in establishment phase and preparing statement of signature at directorates.
Arrangement in Law Code No.6740, also refer as “mandatory private pension” in public, regulates under 45 years of age employees’ enrolling in private pension system and having a right of withdrawal for a certain period, from the date of January 1, 2017.
Regulation on Specialty in Pharmacy Training, was promulgated in the Official Gazette 21nd October 2016 that regulate Specialty in Pharmacy training, Certificating of Specialty Certificate and Rules of operating and procedures in Board of Specialists In Pharmacy.
Ministry of Health imposed new obligations to health care providers and protection of personal health data has been undertaken by “the Regulation Regarding Processing and Protection of Privacy of Personal Health Data” issued at October 20, 2016 (hereinafter to be referred to as “the Regulation”)
AGAOGLU MASLAK1453
Maslak Mah. Tas Yoncası Sok.
C7 Blok D:45 Kat:8
Sariyer Istanbul – Turkey
+90 212 274 99 53 / 54
info@barlaslaw.com
