Law No. 7511 on the Amendment of the Turkish Commercial Code and Other Certain Codes Has Been Published
Law No. 7511 on the Amendment of the Turkish Commercial Code and Certain Other Laws ("Law No. 7511") was published in the Official Gazette No. 32560 on May 23, 2024.
While this Law No. 7511 primarily aims to amend the Turkish Commercial Code numbered 6102 ("Turkish Commercial Code"), it also includes changes to various other laws such as the Law on the Protection of Competition, the Law on the Protection of Consumers, the Law on the Union of Chambers and Commodity Exchanges of Turkey, the Law on Cooperatives, and the Law on the Regulation of Retail Trade.
Constitutional Court Cancels Certain Expressions of the Social Insurance and General Health Insurance Law
The Decision of The Constitutional Court dated 01.02.2024 with file no 2021/61 and decision no 2024/31 was published in the Official Gazette numbered 323496 on March 21, 2024.
With the relevant Decision, it has been decided to cancel the underlined expressions of the sentences,
Constitutional Court Decides on the Cancellation of Article 40, Paragraph 7 of the Maritime Labour Law
The Decision of The Constitutional Court dated February 1, 2024 with file no 2022/154 and decision no 2024/33 was published in the Official Gazette numbered 32489 on March 14, 2024.
The purpose of this Decision is to protect the right to rest guaranteed by the Constitution.
Paragraph 7 of Article 40 of the Maritime Labour Law ("Law") states that "If the service contract is terminated in accordance with paragraphs II, III and IV of Article 14 before the seaman has used the annual paid leave to which he is entitled, the employer or the employer's representative must pay the seaman the wage for the leave period." Subparagraph I of Article 14 of the Law, which is not mentioned in the relevant article, regulates the employer's right of termination in cases where it becomes impossible for the seaman to work and there is a contrary to the law, customs and ethical rules.
Amendment on the Right to Protect the Value of Turkish Currency
Communiqué (Communiqué No: 2024-32/69) Amending the Communiqué on Decree No: 32 on the Protection of the Value of Turkish Currency (Communiqué No: 2008-32/34) was published in the Official Gazette numbered 32474 on February 28, 2024.
The purpose of the Communiqué is to introduce certain exceptions to the principles of application of the prohibition of payment in foreign currency.
The relevant communiqué regulates that while some obligations are obliged to be paid in Turkish Lira, these payments can now be made in foreign currency.