Date: 28 July 2010
Publishers: International Tax Review
Synopsis: Akbank's landmark USD1bn bond sale highlights the ongoing developments in Turkey on the application of withholding tax for foreign and Turkish bond issuers. Ali Şanver comments on the latest debate and provides a table on the withholding tax rates on interest and gains on Turkish securities.
Link: Access the article here
Contributor: Ali Şanver, Partner, Tax
Date: 23 July 2010
Publishers: Wolters Kluwer
Publisher Information:
Corporate Acquisitions and Mergers provides a one-stop guide to the local practical issues involved. Some of the world's most distinguished law firms, each of them identified as a leading firm in the mergers and acquisitions field in their own country, offer a rich source of information and advice on domestic issues arising on M&A transactions.
The book has been restructured and expanded to cover all the most significant economies in the world (some 50 countries in all). The work is kept up-to-date by regular supplements, which track the key changes and developments in national laws and practice affecting mergers and acquisitions. The work now offers a truly global coverage.
Link: Access chapter for Turkey here
Contributor: Ayça Sevimay and the Corporate Team
Date: 6 May 2010
Publishers: Law Business Research
Synopsis: The latest Global Competition Review publication Vertical Agreements reviews in question format the regulation of distribution practices in 42 jurisdictions worldwide. Pekin & Pekin contributed the Turkey chapter.
Link: Chapter is available to subscribers here
Contributor: Okan Or, Competition
Publication: Doing Business in ...2010: Turkey
Publishers: Practical Law Company in association with Lex Mundi
Download: Doing Business in Turkey 2010
Contributors: Nihan Bacanak, Gülnisa Coşkun, Erden Egemen, Okan Or, Orkun Özkan, İrem Su, Ali Şanver, Zeynep A. Tezcan, Yeliz Yüksel
Date: 15 February 2010
Publishers: Lexis Nexis
Synopsis: The analysis addresses the issue of whether Articles 23/4 and 22/1/d of the Turkey/Italy and Turkey/Spain prevention of double taxation treaties offer a unique opportunity for cross-border financial structuring in relation to dividends, royalties and interest income. For the reasons set forth below this author believes that the deemed (notional) foreign tax credit available under the Spain/Turkey and Italy/Turkey tax treaties may offer additional benefits in relation to cross-border lending and investments in debt and equity issues, provided that local tax offices can be convinced to apply the international tax treaty provisions.
Link: Tax Law Community
Contributor: Ali Şanver, Taxation
Date: 4 February 2010
Title: Real Property Law in Turkey: Purchasing Immovables and Acquiring Real Rights Over Immovables
Publishers: TerraLex
Synopsis: In recent years Turkey has seen positive developments in real property law, strengthening the country’s appeal as a venue for foreign investment. For members of the European Union in particular, incentives for the acquisition of immovables (e.g., lands, houses and farms) and real rights other than ownership over immovables by foreign real persons and legal entities are on the rise. From a legislative perspective the regulatory environment is complex – under the Constitution everyone is entitled to the right of ownership and inheritance, as long as the rights are not contrary to the public benefit; however, foreigners may find that the right of ownership may be restricted in compliance with international law.
Link: Access the article here
Contributor: Vural Günal, Can Canko, Advisory
Related Links
Expertise
Date: 5 November 2009
Publishers: Pekin & Pekin
Excerpt: Slowly but surely, financial law in Turkey is moving toward global standards. Turkish banks are currently in the midst of implementing new cash pooling policies, following amendments passed last year to the foreign exchange regulations. In line with the newly legalised practice of physical pooling, Turkish companies are now able to transfer via banks cash funds abroad for investments or to conduct commercial activities through a newco, partnership or branch, allowing for the reciprocal flow of funds.
Download: Full article
Contributor: Fuat Tuaç: Banking & Finance
Date: October 2009
Publishers: CNBC Business
Synopsis: Commentary on the future of Turkey, EU accession and the Firm.
Download: CNBC Business p47
Link: CNBC Magazine
Contributors: Ahmed Pekin and Fethi Pekin
Date: September 2009
Publishers: International Bar Association Anti-Money Laundering Forum
Synopsis: The IBA's Anti-Money Laundering Forum is a lawyer's guide to legislation and compliance. Internet-based, the network group assists lawyers in dealing with their current responsibilities in connection with new anti-money laundering legislation.
Link: The Turkey section can be accessed here.
Contributor: Fuat Tuaç: Banking & Finance
Date: August 2009
Publishers: Lex Mundi Real Estate Practice Group
Synopsis: This latest survey from the Lex Mundi Real Estate Practice Group provides an overview of the important issues involved in the leasing of commercial real estate projects. Topics discussed include the liability for transfer taxes payable on the creation or assignment of a lease, the formal requirements for the execution of a lease and any restrictions on the transfer of ownership of real properties subject to a lease.
Downloads: Turkey Complete survey
Contributor: Sinan Borovalı:Real Estate & Construction
Related links
Part I Issues Related to Foreign Investment
Part II Issues in Ownership of Real Property
Part III Issues Relating to Finance