1 July 2012: The New Code of Obligations comes into force.

The new Turkish Code of Obligations numbered 6098 which was passed by the Turkish parliament on 11 January 2011 came into effect on 1 July 2012, abolishing the Code of Obligations numbered 818. The new code introduces many noteworthy changes to standard terms and conditions, electronic signature, interest rates, suretyship and lease agreements.
Further information; please see our Energy Regulatory Report April – May – June 2012 for further information regarding the new Code of Obligations.