6 March 2025

Under the hospitality of our partners Hasan Çağlayan and Ayşe Uyanık, we had the pleasure of spending a valuable day with future colleagues as part of “ELSA - Lawyers at Work” series. During this special event, we had the opportunity to provide participants with comprehensive insights into our law firm’s areas of practice and expertise. Additionally, to contribute to the professional development of young lawyer candidates, we held a highly productive session on “Real Estate Law” sharing the latest developments and applications in the industry.

We would like to extend our sincere thanks to ELSA Istanbul for organizing this valuable event and to the students who participated, for their interest and contributions.

NEWS & ANNOUNCEMENTS

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.

NEWS & ANNOUNCEMENTS

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