Development and Opportunities in the Turkish Market - December 2012

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The Turkish government’s agenda for development is one of the most ambitious in the world. Combined with investor friendly changes in the market, including a new investment incentive regime and new regulation enhancing transparency and certainty for deals under Turkish Law, foreign investors are increasingly looking to Turkey with greater confidence, attracted by the opportunities available.

Creating an investor-friendly environment -

A number of years ago the Turkish government embarked on an ambitious infrastructure and energy strategy, with a focus on the power, health, transport and telecoms sectors and this is now bearing fruit. The Government’s aim, following the global trend, is to reduce state participation and increase private investment by creating a more investor-friendly environment. In order to achieve this, the Turkish Parliament has enacted the new Turkish Commercial Code (TCC), the Turkish Code of Obligations (TCO) and, on 1 January 2012, introduced a new investment incentive regime. “The new investment regime is a remarkable change in the finance environment which has been welcomed by investors” comments Zeynep Çakmak, Ankara Partner at White & Case and Çakmak Avukatlik Bürosu.

Please see full publication below for more information.

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Topics:  Financing, Foreign Investment, Public-Private Partnerships, Shareholders

Published In: Administrative Agency Updates, Finance & Banking Updates, International Trade Updates, Mergers & Acquisitions Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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