Introduction Buying property in Turkey is relatively straightforward for many foreign nationals. What happens to that property after the owner dies can be considerably more complicated. Consider the following examples. A British citizen owns an apartment in Istanbul but permanently lives in London. A German citizen owns a holiday home in Antalya and dies in […]
Introduction Foreign nationals purchase millions of goods and services in Turkey every year. A tourist may buy an expensive watch, mobile phone or designer product in Istanbul. An expatriate may purchase a new car. A foreign resident may sign a contract with a private school, internet provider, gym or home-renovation company. A medical tourist may […]
Introduction Turkey represents a substantial digital consumer market for international businesses. A foreign company can reach Turkish customers through: From a commercial perspective, entering the Turkish market can appear straightforward. A company can translate its website into Turkish, activate international shipping, accept Turkish credit cards and start advertising to consumers in Istanbul, Ankara, Izmir, Antalya […]
Introduction Buying an existing Turkish company can be significantly faster than establishing a new business and building its operations from zero. An international investor may acquire a Turkish company because it already has: A foreign company looking to enter the Turkish market may therefore prefer to purchase an existing business rather than create a new […]
Introduction Investing in an existing company can be considerably faster than building a business from the ground up. A foreign investor may acquire: The commercial opportunity may look attractive. The company may have: However, purchasing shares in a company is fundamentally different from purchasing an individual asset. When an investor purchases shares, the target company […]
Introduction International trade creates international debts. A British company supplies machinery to a Turkish distributor and remains unpaid. A German manufacturer delivers goods to a Turkish buyer but the buyer refuses to pay the final invoices. A Chinese exporter receives only part of the purchase price after shipping products to Turkey. A UAE company lends […]
Real estate buyers frequently assume that once they have obtained a title deed, the exact location, boundaries and surface area of the property are beyond dispute. In practice, this assumption can be dangerous. A Turkish title deed may correctly identify the registered owner while a technical issue still exists concerning: Turkish property law therefore requires […]
Introduction Winning an international arbitration is not always the end of an international dispute. In many commercial cases, the most important question comes only after the tribunal has issued its final award: Where are the losing party’s assets, and how can the award actually be enforced against them? Consider several common examples. An English company […]
Introduction Winning a lawsuit abroad does not always mean that the judgment can immediately be used in Turkey. An English company may obtain a judgment against a Turkish debtor in London. A German court may order payment of compensation against a person who owns assets in Turkey. A U.S. court may issue a final monetary […]
Introduction Foreign nationals frequently need to complete legal transactions in Turkey without being physically present in the country. A foreign property owner may live in London but need to sell an apartment in Istanbul. An overseas heir may need to complete inheritance proceedings in Turkey. A foreign spouse may need Turkish legal representation in divorce […]