Pursuant to the Article 14/Paragraph 13 of the Labor Law No. 1475, the annual amount of severance pay to be paid to employees subject to Labor Law shall not exceed the maximum retirement bonus to be paid to the highest civil servant for one year of service. In accordance, pursuant(...)

Pursuant to the Presidential Decree no. 8485 which has been published with the Official Gazette dated 21 May 2024 and numbered 32552, the legal interest rate applied as 9% before the publication of this Decree which is regulated under the Article 1 of the Law No. 3095 on Legal Interest(...)

Pursuant to the Communiqué of the Central Bank of the Republic of Türkiye (“Communiqué”) which has published with the Official Gazette dated 2 January 2024 and numbered 32417, in cases where the default interest rate for late payments made to the creditor in the supply of goods and services in(...)

Pursuant to the Presidential Decree dated 24/11/2023 and numbered 7887 (“Decree”) which has published with the Official Gazette dated 25 November 2023 and numbered 32380, it has been regulated that the minimum capital amounts for joint stock companies and limited liability companies are to be increased. As per the “Amendment”(...)

As the subsistence allowance in the amount of 98 TL paid to the seafarers for whom no food service is established are falling behind of the increasing staple food prices in current conditions, it was decided to determine the daily cash subsistence allowance to be paid to each seafarer as(...)

Certain amendments were made in Turkish Law of Obligations no. 6098 and Attorneyship Law no. 1136 with the “The Law on the Amendment of the Attorneyship Law and Turkish Law of Obligations” numbered 7409 which has published and entered into force with the Official Gazette dated 11 June 2022 and(...)