Newsletter & Legal Alerts

Q2/2009 Introduction

The Draft Turkish Commercial Code and the Draft Law on the Implementation of the Turkish Commercial Code are still being discussed in the Grand National Assembly, with the planned enactment of the draft being before the end of 2009. It is presumed that the new commercial code will be a significant step towards harmonising Turkish trade and finance regulations with the EU.

Additionally, the Draft Law of Obligations and the Draft Law on the Implementation of the Law of Obligations are being discussed in the Grand National Assembly. The Draft Law of Obligations envisages many significant changes, including standardised terms of contracts.

Published on: July 2009