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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.

NEWS

LAW NUMBERED 7531 ON AMENDMENTS TO CERTAIN LAWS WAS PUBLISHED

Law1 No. 7531 on the Amendment of Certain Laws ("Law"), also known as the 9th Judicial Package, was published in the Official Gazette dated 14.11.2024 and numbered 32722 and contains significant amendments to 17 different laws.

NEWS

E-GOVERNMENT ERA BEGINS IN LEASE AGREEMENTS!

The Ministry of Treasury and Finance ("Ministry") announced in the 2023-2025 period of its 2022 Action Plan for Combating the Informal Economy ("Action Plan") that lease agreements could be concluded through the e-Government portal to support the decision-making processes of the parties involved and conduct risk analysis studies. The first phase of this activity was launched on November 4, 2024, through the e-Government portal, and the second phase is expected to be implemented by the end of the year.

Diğer Haberler

14 November 2023

Communiqué Amending the Communiqué on the Procedures and Principles Regarding the Application of Article 376 of the Turkish Commercial Code No. 6102 has been published

In order to regulate the procedures and principles to be followed in cases of loss of capital or insolvency of joint stock companies, limited liability companies and limited partnership companies with capital divided into shares within the scope of Article 376 of the Turkish Commercial Code No. 6102 (Law), the Communiqué on the Procedures and Principles Regarding the Application of Article 376 of the Turkish Commercial Code No. 6102 (Communiqué) was first published in the Official Gazette dated 15/09/2018 and numbered 30536, and with the Provisional Article 1 of this Communiqué until 01/01/2023, Within the scope of Article 376 of the Law, it was stated that foreign exchange losses arising from foreign currency denominated liabilities that have not yet been fulfilled may not be taken into account in the calculations regarding capital loss or insolvency.

DETAIL

03 November 2023

Law No. 7464 on the Leasing of Houses For Tourism Purposes And Amendment To Certain Laws Has Been Published

Published in the Official Gazette dated 2.11.2023 and numbered 32357 and published in the Official Gazette dated 2.11.2023 and numbered 32357, the Law on the Leasing of Houses for Tourism Purposes and Amendments to Certain Laws (No: 7464) aims to determine the procedures and principles regarding the leasing of houses to real and legal persons for tourism purposes.

DETAIL

28 October 2023

Partial Payment Period In Pension: Regulation On Partial Payment In The Private Pension System Has Been Published

With the amendment made to the Private Pension Savings and Investment System Law on 19.01.2022, a regulation was introduced stipulating that the participant can be partially paid up to fifty percent of the accumulation amount in his account, excluding the amounts in the State contribution account, without leaving the system, in cases and conditions determined by the Insurance and Private Pension Regulation and Supervision Agency. In this case, payments can also be made from the amount in the State contribution account, not exceeding twenty-five percent of the partial payment amount and the principles and procedures regarding the transactions to be carried out within this scope, including the practices regarding the State contribution, will be determined by the Institution with the appropriate opinion of the Ministry and with the amendment dated 19.01.2022, the relevant regulation is included in the Individual Pension Savings and Investment System Law.

DETAIL

09 September 2023

Focus On Digital And Green Transformation: Türkiye's Medium - Term Program Published.

The Medium-Term Program (2024-2026), prepared by the Ministry of Treasury and Finance and the Presidency of Strategy and Budget, was approved and published in Official Gazette No. 32301 dated September 6th, 2023.

DETAIL

01 September 2023

New Regulations Are On The Way

Some amendments were made to the Regulation on the Trade of Second Hand Motor Land Vehicles ("Regulation") and published in the Official Gazette dated 31 August 2023.

DETAIL

24 August 2023

Auction Sale Of The Unsafe Buildings: What Are The New Regulations?

Pursuant to Law No. 6306 on the Transformation of Areas under Disaster Risk (known in practice as the "Urban Transformation Law"), the identification of unsafe buildings, unsafe areas and reserve building areas, the demolition of unsafe buildings, the planning to be made, the determination of the value of the immovables to be subject to transformation, Article 15/A titled "Sale Procedure by Auction" of the Implementation Regulation of the Law No. 6306, which was put into force to determine the procedures and principles regarding the agreements to be made with the beneficiaries and the aids to be provided, the buildings to be rebuilt and other applications within the scope of the Law No. 6306, has been amended.

DETAIL

DAHA FAZLA YÜKLE