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Recent Legislative Changes and Impact on Businesses in Turkey

October 15, 2012

By ERDEM SISMANGIL

Turkey has been going through extensive legislative changes recently that will have significant effects on businesses related to Turkey. Whilst the recent legal reforms intend to harmonize Turkey's legal system with the EU law, Turkish law continues to show many particularities, especially with regards to capital markets law and banking regulations that need to be assessed with diligence. This alert intends to provide an overview of the recent legal developments and the impact on certain fields of commercial life.