28 February 2025

Our partner, Attorney Ayşe Uyanık, Attorney Aslıhan Dereköy, and Legal Intern Ecenaz Çiftçi represented our law firm at the "Career Days" event organized by Yeditepe University Faculty of Law.

28 January 2025

We are pleased to announce that our law firm has represented Eczacıbaşı Holding in the negotiations of the Promise to Sell Real Estate Agreement in return for Revenue Sharing

20 Kasım 2024

We were pleased to welcome the students of the Istanbul University Faculty of Law's Entrepreneurship Club to our office. Our Senior Associate Ayşe Uyanık, Associate Aslıhan Dereköy, and Legal Interns Ecenaz Çiftçi, Ali Taner and Aytaç Bilgen, provided valuable insights into our areas of practice, interview process, and office environment, while answering questions from future colleagues. We would like to thank the esteemed students, who visited our office and organized this event. Hope to meet you at the next office visit!

10 Kasım 2024

We commemorate the founder of our Republic, the Great Leader Mustafa Kemal Atatürk with respect, gratitude and longing on the 86th anniversary of his passing away. His vision, determination and leadership continue to shed light not only for the future of the Turkish nation but also for the future of all humanity

29 Ekim 2024

As ABCOO Law Firm, we are proud to celebrate the 101st anniversary of our Republic! The Republic is the guarantee of the rule of law and individual freedoms. We will continue to keep the legacy of Gazi Mustafa Kemal Atatürk alive and work for a brighter future. Happy Republic Day!

August 30th Happy Victory Day!

We are proud to celebrate August 30th, the symbol of the Turkish nation's struggle for independence. On this meaningful day, we will continue on our way in unity and solidarity, looking to the future with more hope. Happy Victory Day!

Legal 500 2024 EMEA Edition

We are elated to announce that our Firm has been ranked as a Top Tier Law Firm in Real Estate and Construction for the 6th consecutive year and Leading Law Firm in Dispute Resolution in Legal 500 2024 EMEA Edition.

Divorce Cases with Questions and Answers in Supreme Court Practice and Doctrine

An Overview of German Investments in Türkiye in terms of Income and Corporate Tax

Germany and Türkiye share a robust economic relationship, with German investments in Türkiye reaching 14.5 billion USD since the 1980s.

Türkiye Ranks Among the Top in Europe for IPOs in 2024: A Sign of a Stronger Market?

According to the 2024 Global IPO Trends Report published by one of the most reputable audit companies , global initial public offerings (IPOs) decreased by 10% compared to the previous year, with a 4% decline in total proceeds.

A New Era for Real Estate Investment Funds

The Communiqué Amending the Communiqué on Real Estate Investment Funds (III-52.3) (“Communiqué”), published in the Official Gazette on 17 July 2024, Issue No. 32604, aims to boost contributions to real estate investments, a sector with significant transaction volume in the Turkish economy. Under the Communiqué, application procedures for Real Estate Investment Funds (“REIFs”) have been streamlined, enabling the issuance of participation shares linked to an umbrella fund. Additionally, “project” REIFs are now permitted to invest in projects where more than half of the total gross area of independent units is designated for residential use, as verified by independent real estate appraisal firms. 

Better Late Than Never: Cyber-Risk Oversight and Legal Liabilities of Board Members

Cybersecurity and data privacy indisputably plays a vital role for reputation and financial integrity of companies in today’s data driven and unpredictably ever-evolving world.

Legal Reflections of the Exorbitant Rent Increases in Turkey

Although a large part of Türkiye is under the risk of natural disasters, especially earthquakes, most of the existing buildings are not resistant against possible disasters, thus socio-economic problems are experienced and State is faced with financial burdens unexpectedly that are difficult to overcome. Law No. 6306 on the Transformation of Areas Under Disaster Risk ("Law") and the Implementing Regulation of Law No. 6306 ("Regulation") have been prepared in order to create healthy and safe living environments in accordance with the norms and standards of science and art in areas under disaster risk and in lands and plots where risky buildings are located outside these areas. The Law and the Regulation are based on the understanding of "not to be wounded" rather than "to heal wounds" after a disaster occurs; thus, they ensure that an important and effective step is taken for the realisation of the principle of "social state of law" in the Constitution.

Tax and Fee Exemptions Introduced by Law No. 6306 and VAT Advantages

Although a large part of Türkiye is under the risk of natural disasters, especially earthquakes, most of the existing buildings are not resistant against possible disasters, thus socio-economic problems are experienced and State is faced with financial burdens unexpectedly that are difficult to overcome.

Regulations on the Leasing of Properties for Tourism Purposes

The procedures and principles regarding the leasing of residential properties for tourism purposes to real and legal persons are regulated under the Law on the Leasing of Properties for Tourism Purposes and Amendments to Certain Laws Numbered 7464 ("the Law") which was published in the Official Gazette on 2 November 2023. The Law has entered into force on 1 January 2024.

Independent and Perpetual Construction Right

The construction right among the limited real rights is regulated between Articles 726, 826 and the rest of Turkish Civil Code, granting holder the authority to construct or maintain a structure either above or below someone else's land and the ownership of that structure. If the construction right is independent and perpetual, it is recorded as "immovable" on a separate page in the land registry upon request of the right holder.

Acquisition of Properties in Turkey by Foreign-Capitalized Companies

Acquisition of Properties in Turkey by Foreign-Capitalized Companies

Inheritance Rights of Non-Turkish Citizens on Properties Located in Turkey

In cases where the legator and the inheritors are non-Turkish citizens, it is first necessary to determine which country's law shall be applicable for the transition of the inheritable properties located in Turkey (“Heritage”) to the inheritors. Within this framework, pursuant to Article 20 of the International Private and Civil Procedure Law numbered 5718, Turkish law shall apply for the transition of immovable properties and for the transition of movable properties, the national law of the deceased/legator shall apply.

Determination of the Acquisition Date for Gains from Appreciation

Pursuant to the Repeating Article 80 titled "Gains from Appreciation" of the Income Tax Law No. 193 ("Law"), it is regulated that the gains arising from the disposal of certain goods and rights specified in the Law are considered as gains from appreciation and these gains are taxable income.