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PILOT JUDGMENT BY THE CONSTITUTIONAL COURT ON ADDITIONAL (EXCESS) DAMAGES

PILOT JUDGMENT BY THE CONSTITUTIONAL COURT ON ADDITIONAL (EXCESS) DAMAGES

In its decision dated 8 July 2025 and numbered 2024/41763, the Constitutional Court evaluated claims concerning the loss of value of receivables arising from disputes between private legal entities due to inflation, taking into account previous Court of Cassation (Yargıtay) rulings, within the scope of the right to property and the right to an effective remedy.   As a result of this assessment, the Court held that there is no effective legal remedy available regarding claims for additional (excess) damages, that Article 122 of the Turkish Code of Obligations (Law No. 6098) does not provide adequate protection against the loss of value of receivables caused by inflation, and that the existing case law has failed to offer an effective solution to this legal issue. Consequently, the Court ruled that the right to property (Article 35 of the Constitution) and the right to an effective remedy (Article 40) had been violated. This decision was published in the Official Gazette No. 33032 on 29 September 2025...

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ACQUISITION OF TURKISH CITIZENSHIP BY FOREIGN INVESTORS

ACQUISITION OF TURKISH CITIZENSHIP BY FOREIGN INVESTORS

As is known, one of the ways of acquiring Turkish citizenship through an administrative decision is the acquisition of Turkish citizenship by foreign investors under the title of “exceptional acquisition of Turkish citizenship.” This process is regulated under Article 20 of the Regulation on the Implementation of the Turkish Citizenship Law. Individuals falling within the scope of this article must first obtain a certificate of conformity, then acquire a residence permit pursuant to Article 31/1-j of the Law No. 6458 on Foreigners and International Protection, and finally submit their citizenship application. In summary, the process for a foreign investor to acquire Turkish citizenship consists of three main stages...

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Investment Consultancy

Investment Consultancy

  Reliable, comprehensive, and strategically planned legal consultancy is essential for individuals and institutions planning to invest both in Turkey and abroad...

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E- CURRENCY TRAİDİNG DOCUMENT

E- CURRENCY TRAİDİNG DOCUMENT

E-CURRENCY TRADING DOCUMENT What is the E-Currency Trading Document? The e-Currency Trading Document is a completely digital version of the printed Foreign Exchange Purchase Document and the Foreign Currency Sale Document, which are issued in foreign exchange buying and selling transactions carried out through authorized institutions...

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Procedure for Entitlement in Seizure (ÇEVİRİ)

Procedure for Entitlement in Seizure (ÇEVİRİ)

PROCEDURE FOR CHARGES IN SEIZURE A. GENERAL INFORMATIONAlthough the debtor is the addressee of the enforcement proceedings, property believed to belong to the debtor but belonging to third parties can also be seized. The enforcement officer, taking into account the principle of order in seizure, may only seize property whose seizure is not prohibited by law. This principle serves not to collect the debt under any circumstances, but rather to establish a balance of interests between the creditor and the debtor. The enforcement officer has no other discretion and cannot assess whether the seized property actually belongs to the debtor.SEQUENCE IN SEIZURE: Only the debtor's property can be seized to the extent that it covers the principal and interest of the debt, as well as the enforcement expenses; no more can be seized (Article 85, I). However, when seizing sufficient property to cover the debtor's debt, it is necessary to begin with the property whose absence will least burden the debtor and is easiest to seize and sell. In other words, when seizing a debtor's property, a specific order is observed, which is called the order of seizure. Disputed property refers to property declar..

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Steps For Application To Turkish Citizenship Through Real Estate Investment

Steps For Application To Turkish Citizenship Through Real Estate Investment

STEPS FOR APPLICATION TO TURKISH CITIZENSHIP THROUGH REAL ESTATE INVESTMENT Step 1 - Get Tax Registration Number The tax registration number can be obtained from any tax office in Turkey.Original passport and photo required...

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What Is a (DAB) Foreign Exchange Purchase Certificate?

What Is a (DAB) Foreign Exchange Purchase Certificate?

  DAB (Foreign Exchange Purchase Certificate) is an official document showing that foreign buyers have exchanged the foreign currency they will use for a real estate purchase through a bank operating in Türkiye to the Central Bank...

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"Value Added Tax (VAT) Exemption for Foreign Nationals in Real Estate Acquisition"

  Exclusive for Foreigners: VAT Exemption on Real Estate      ..

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Exceptional Citizenship By Real Estate Investment Frequently Asked Questions

Exceptional Citizenship By Real Estate Investment Frequently Asked Questions

EXCEPTIONAL CITIZENSHIP BY REAL ESTATE INVESTMENTFREQUENTLY ASKED QUESTIONS1. WHAT ARE THE DOCUMENTS REQUIRED FOR THE APPLICATION? • Title Deed Document of the immovable or information of village/neighborhood, island, parcel, building, independent section,• Identity document/Passport (with translation if necessary),• "Immovable Valuation Report" to be obtained from the valuation institutions published on the website of the BRSA (https://www.bddk.org.tr/Kuruluslar-Category/Bankalara-Degerleme-Hizmeti-Vermeye-Yetkili-Kuruluslar/11)• Compulsory earthquake insurance policy for buildings (housing, workplace, etc.),• 1 photo of the buyer and 2 of the seller (in the last 6 months, in 6x4 size),• "Real Estate Market Value Certificate" from the municipality• Tax number• Bank-approved remittance receipts (Can be given before or after the sale.)• Sworn translator for the party who does not speak Turkish (authorized by the Regional Judicial Justice Commission)• If there is a representation, the document related to the representation (In case of transactions with a power of attorney issued abroad, the conditions sought with the circular numbered 2015/5 (1767) must be met.)..

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