8 August 2016
Client Alert | Turkey
A state of emergency was declared throughout Turkey for a period of 90 days starting from 21 July 2016, at 1 a.m. The Council of Ministers is now entitled to issue statutory decrees on matters necessitated by the state of emergency.
Accordingly, statutory decree No. 669 on Taking Certain Measures within the Scope of the State of Emergency and the Establishment of the National Defence University and the Amendment of Certain Laws (the "Statutory Decree No. 669") was published in the Official Gazette dated 31 July 2016, No. 29787.
Under that regulation, certain measures were taken regarding the organisation of the Turkish Armed Forces and the Gendarmerie. Furthermore, Article 179 of the Bankruptcy and Enforcement Law No. 2004, which is of high importance for corporations, was also affected.
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