Circulars

Current circulars and updates

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COMMERCIAL LAW CIRCULARS

Professionals Under Law No. 3568 May Be Appointed for External Audits of Cooperatives

Under the regulation on cooperative audits, professionals subject to Law No. 3568 may be appointed to conduct external audits. Cooperatives that fail to undergo required audits may have certain general assembly decisions deemed invalid.

COMMERCIAL LAW CIRCULARS

Banks’ Maximum Liability for Dishonored Checks Increased to TRY 3,600

Under a new Central Bank communiqué, banks’ maximum liability for dishonored checks has been raised from TRY 2,670 to TRY 3,600, while older check leaves remain capped at TRY 3,000.