Punitive Indemnity in Anglo American Law The compensation logic in Continental European law is based on the principles of offsetting and proportionality to the damage incurred. We see that the ongoing practice of compensation in Anglo-American law is based on a much different basis. In the Turkish law, which is included in the Continental European […]
Ship Mortgage Under Turkish Maritime Law Maritime Law ATTORNEY BARIS ERKAN CELEBI I. INTRODUCTION Maritime Law The commercial value of ships and the fact that they are the main subject of maritime law have made them an important element of economic life. On the other hand, due to the high economic value of the
Writing and Preserving Wills of Foreigners in Turkey For foreign nationals who have assets or funds in Turkey, writing wills and preserving their estates is a common issue. The most frequently asked questions are how to write a will in Turkey that will be accepted and honored by the Turkish courts and Turkish law, and
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Bad Real Estate Deals: How to Recover Losses? One of the most common legal disputes that foreign nationals face in Turkey is a bad real estate deal. These disputes consist of two elements: A buyer (usually a foreign national) makes a down payment (“deposit”) or pays the full price of a real estate in Turkey,
10 Major Differences Between Limited Liability Companies and Joint-Stock Companies In Turkish corporate law, the two most-commonly seen commercial legal entities are limited liability companies and joint-stock companies. For foreign investors, it can be complicated when it comes to decide whether to incorporate a limited liability company or a joint-stock company in Turkey. While there
Personal Data Protection Law (KVKK), the Turkish counterpart of the European General Data Protection Regulation, passed in 2016 but came into full effect throughout 2019. Data Privacy Under KVKK, personal data is any data that can identify a person directly or indirectly. In this respect, data such as name surname, birthdate, birth place, phone number,
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Real Estate Purchase and Sale and Mortgage in Turkish Law The conditions required for the legal transfer of real estate in Turkish Law are as follows: Registration in the land registry and a valid legal reason for the registration in question. Registration is made upon the written registration request of the person authorized to save,
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