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Acquisition of Turkish Citizenship by Investment

With the amendment of Article 20 of the Regulation on the Implementation of Turkish Citizenship Law, there are now certain criteria to acquire Turkish citizenship by investment. Unlike other citizenship programs in various countries, the applicants are not required to purchase their citizenships. Instead, they simply need to make an investment that exceeds certain monetary limits.

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Recognition and Enforcement of Foreign Arbitral Awards in Turkey under the New York Convention

Although arbitration is considered as a reasonable form of alternative dispute resolution, foreign arbitral awards are subject to an enforcement procedure. In this sense, The New York Arbitration Convention on the Recognition and Enforcement of Foreign Arbitral Awards provides a simplified procedure for recognition and enforcement in the contracting states including Turkey.

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Real Estate Acquisition by Foreign Real Persons and Foreign Companies in Turkey

Investment in real estate has always been one of the favorite choices for investors. According to Knight Frank Global Price Index Q4 2015 and Q1 2016 reports, Turkey leads global house growth with 18% and 15% in order. Furthermore, after the abolishment of the reciprocity principle in 2012, real estate acquisition in Turkey has been even more attractive to foreign investors.

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Acquisition of Turkish Citizenship by Marriage

Acquisition of Turkish citizenship by marriage is regulated in Article 16 of Turkish Citizenship Law and Articles 25-31 of the Regulation on the Implementation of Turkish Citizenship Law.

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Immediate Expropriation in Turkish Law

The expropriation procedure in Turkish law is conducted in accordance with Article 46 of the Constitution and Law No.2942 on Expropriation. In exceptional cases where there is a danger of disruption in public services, the method of immediate expropriation stipulated in Article 27 is employed.

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Establishment of joint Stock Companies and Limited Liability Companies in the new Turkish Commercial Code

The new Turkish Commercial Code No. 6102 entered into force on July 01, 2012. In parallel with the harmonization process of Turkish Law with acquis communautaire, the NTCC has significantly changed the system and replaced the outdated provisions of the former Turkish Commercial Code with practical ones. As one of the aims of the NTCC is to boost investment, advanced provisions regarding the establishment of the companies have been introduced.

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Termination of Employment Contracts and Collective Dismissals as a result of Mergers in Turkey

While mergers and acquisitions have considerable advantages in terms of efficiency, they may also lead to significant employment issues and carry potential liabilities for the merging parties, especially when they involve large group of employees. The parties can reduce the risk of claims and detrimental effects of such mergers by addressing the issues in the negotiation process.

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