Türkçe
In accordance with the Presidential Decree No. 2930, which was published in the Official Gazette dated 04.09.2020 and numbered 31234; the duration of the prohibition for the termination of employment or service contracts for three months, as regulated under the temporary Article 10 of the Labor Law, was extended by two months as from the […]
Author Archives: admin
Publications
IS IT POSSIBLE TO REQUEST INTEREST WHILE THE REPAYMENT OF PERFORMANCE BOND AMOUNTS AND CASH GUARANTEES?
03
Sep
Sep
It is common for contractors which have contractual relationship with both public administrations and private sector employers to submit performance bonds to guarantee the proper fulfillment of their contractual obligations. Such performance bonds are kept by the employer until the completion of all the works under the contract or the expiry of the guarantee period […]
31
Aug
Aug
In accordance with the Presidential Decree No. 2915, which was published in the Official Gazette dated 31.08.2020 and numbered 31230; the period granted to benefit from the short-time work allowance has been extended for an additional two months. In accordance with the said Decree; the duration of the short-time working allowance will be extended […]
26
Aug
Aug
While the negative effects of the Coronavirus (COVID19) epidemic continues especially in international trade, it gains importance to prove such effects of the epidemic on bilateral trade relations. In that respect; force majeure certificates are frequently used in practice. What are Force Majeure Certificates in Different Jurisdictions? The People’s Republic of China, which has been […]
25
Aug
Aug
In accordance with the 5th paragraph added to the 1st clause of Article 14 of the Labor Law No. 1475 with the amendment of the Law dated 25/8/1999; it has been regulated that if the employee meets the criteria of working period and number of premium days other than the age requirement regarding retirement, he […]
Publications
WHAT ARE THE DIFFERENCES BETWEEN SURETY AGREEMENTS AND GUARANTEE AGREEMENTS UNDER TURKISH LAWS?
19
Aug
Aug
Surety and guarantee contracts, which are the two most commonly used methods to secure receivables, are often confused as both contain personal guarantees. However, it is important to distinguish these two types of contracts, since both the validity conditions of the same and the assurances that they provide are different. The main elements that distinguish […]
13
Aug
Aug
A surety agreement, which is one of the types of personal guarantee regulated in detail under Articles 581 to 603 of the Turkish Code of Obligations numbered 6098 (“TCO”), is defined under Article 581 of the TCO as “the contract under which the surety undertakes to be personally responsible for the consequences of the debtor’s […]
Publications
TYPES OF SURETY AGREEMENT AND THE DIFFERENCES BETWEEN THE TYPES OF THE SURETY AGREEMENT IN TERMS OF COLLECTION OF RECEIVABLES
11
Aug
Aug
WHAT IS A SURETY AGREEMENT UNDER TURKISH CODE OF OBLIGATIONS? A surety agreement, which is one of the types of personal guarantee regulated in detail under Articles 581 to 603 of the Turkish Code of Obligations numbered 6098 (“TCO”), is defined under Article 581 of the TCO as “the contract under which the surety undertakes […]
07
Aug
Aug
Since it became significantly difficult for the creditors to collect their receivables nowadays, it has become a necessity to secure the payment of receivables. In that respect; in order to create a more reliable situation in collecting his receivables, the creditor in a debt relationship may request a third party to provide assurance against the […]
05
Aug
Aug
In accordance with the Presidential Decree No. 2810, which was published in the Official Gazette dated 31.07.2020 and numbered 31202; the period granted to benefit from the short-time work allowance has been extended for another month. In accordance with the said Decree; the duration of the short-time working allowance will be extended for one month […]