Introduction The right of pre-emption (also known as the right of first refusal or şufa hakkı in Turkish law) grants co-owners of a property the priority to purchase a share that another co-owner intends to sell to a third party.Its purpose is to protect co-ownership relations and prevent property shares from being transferred to outsiders […]
Introduction The Financial Crimes Investigation Board (MASAK) has taken a significant step in the fight against money laundering and the financing of terrorism. A newly published draft communiqué proposes the introduction of a gradual declaration system for financial transactions.This regulation is expected to impose important obligations on both financial institutions and individuals or legal entities […]
Introduction A significant development is underway in the United States that will directly impact trade policy and import costs. The U.S. administration has announced that new tariff rates will take effect on August 7. This decision is of great importance to importers, exporters, and companies engaged in international trade. Details of the New Regulation According […]
Introduction Bringing medicines from abroad into Turkey, whether for personal use or commercial purposes, is subject to strict legal regulations.The Ministry of Health oversees the importation and licensing process, while customs and import procedures are regulated under the Ministry of Trade and related legislation.Any unauthorized or incorrect action can lead to significant administrative fines, seizure […]
Introduction In today’s globalized world, people work abroad, companies invest in different countries, and individuals earn rental or investment income overseas.This is where the concept of double taxation comes into play:Being taxed on the same income by two different countries. In this article, we will explain what double taxation is, why it occurs, and how […]
Introduction With globalization, both Turkish citizens and foreign investors aiming to invest in Turkey increasingly need to transfer funds held abroad into the country. However, such transfers must be conducted in strict compliance with foreign exchange regulations, AML (Anti-Money Laundering) obligations, and tax laws. Any mistake or omission can lead to significant administrative fines or […]
1. Introduction The term “moot” occupies a unique place in legal English, as it has distinct meanings depending on the jurisdiction and context. In some cases, it refers to an academic exercise for law students; in others, it denotes a legal dispute that no longer requires adjudication. Understanding the term is essential for both legal […]
1. Introduction In cross-border contracts, the question of which law governs is not merely a contractual choice—it is a matter regulated by both international instruments and national conflict of laws rules. The regulatory framework ensures legal certainty, protects weaker parties, and upholds public policy. 2. International Regulatory Sources 2.1. Rome I Regulation (Regulation (EC) No […]
1. Introduction With the growth of international trade and cross-border transactions, contracts between individuals or legal entities from different countries have become increasingly common. This inevitably raises the question: Which country’s law will govern the contract? The determination of the applicable law is crucial for interpreting contractual rights and obligations, defining performance methods, handling default […]