Member Articles

Executive Summary  Many multinational enterprises (MNEs) incur VAT in countries where they are not established or VAT registered. A business may, for example, incur foreign VAT on trade fairs and conferences, meals ...

The right to request information is one of the most important rights granted to the shareholders, and it enables shareholders to receive solid information on the functioning, financial status and expectations of the comp ...

Introduction The Regulation on Principles and Procedures to be applied in Factoring Operations (“Regulation”) was published by the Banking Regulation and Supervision Agency (“BRSA”) in the Official Gazette dated ...

Introduction Tax crimes may be defined, in short, as economic crimes perpetrated against the “public treasury.” Through the commission of a criminal act, the interest of the public treasury, in a wider sense, the in ...

In International Chamber of Commerce (“ICC”) arbitrations, new claims that are subsequent to the terms of reference are subject to the arbitral tribunal’s authorization. Article 23(4) of the ICC Arbitration Rules ( ...

Introduction Shareholders may contribute capital to their companies in cash or in kind. Capital in cash can be subscribed and paid in Turkish Liras, whereas capital in kind can be formed from different items. Any apprai ...