News
TURKISH COMPETITION BOARD MERGERS AND ACQUISITIONS OUTLOOK REPORT FOR 2024 HAS BEEN PUBLISHED
On January 7th, 2025, the Turkish Competition Authority has published the Report prepared by the Competition Board on Mergers, Acquisitions And Privatisation Transactions in 2024 ("Report").
THE PROCEDURE OF SALE BY AUCTION AND THE LEGAL ASPECT OF NEW REGULATIONS BROUGHT BY THE 9TH JUDICIAL PACKAGE
By new regulations brought by the 9th Judicial Package, a new legal frame for the sale of seized goods electronically is instructed according to Enforcement and Bankruptcy Law Article 111/b. Transactions about the sales of seized goods are made via a sale portal integrated with the National Judicial Network Information System (UYAP) by auction. However, because of the legal gaps of the law, an application about the sale transactions cannot be displayed. The amendments introduced by legislators to the law regarding electronic sales in the 8th and 9th Judicial Packages, as well as the newly established regulations, are considered an important step toward making foreclosure processes faster and ensuring that sales transactions are conducted in a safer and more transparent environment.
