Turkey has set ambitious goals to be reached by 2023, which represents the first centennial of the formation of the republic. Key 2023 targets include: becoming one of the top 10 economies in the world; achieving a GDP of $2trn and a per capita income of $25,000; and increasing exports to $500bn and foreign trade volume to $1trn. In addition to...
Legal Framework
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Articles & Analysis | Setting the foundation: Legislative reforms in support of the 2023 development goals from The Report: Turkey 2013
Interviews & Viewpoints | Ümit Hergüner, Senior Partner, Hergüner Bilgen Özeke, on creating an investment environment to meet centennial goals from The Report: Turkey 2013
Since the turn of the century, Turkey’s focus has been on its upcoming centennial. Now that we are a decade away from 2023, we can reasonably forecast where we might find ourselves in that year. Moreover, we can lay out our desired ends and consider the best course to achieve them. Having regained its economic and political stability, Turkey now aims to become a major...
Chapter | Legal Framework from The Report: Turkey 2013
This chapter features an overview of Turkey’s legal framework. Subjects include structural reforms, corporate governance, inter-governmental agreements, bankruptcy protection, and reforms in finance. OBG partner, Ümıt Hergüner, Senior Partner of Hergüner Bılgen Özeke, also offers a viewpoint on creating an investment environment to meet Turkey’s centennial goals.
At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy.
Articles & Analysis | Consistent practice: A look at the nation’s legal rules and statutes from The Report: Brunei Darussalam 2013
There are two parallel systems of law operating in Brunei Darussalam. Statutory laws, which regulate mercantile activities and disputes between persons and are generally referred to as the common law system, are based upon English acts-codified law. These courts are also known generally as civil courts and have exclusive jurisdiction over all civil...
Interviews & Viewpoints | Colin Ong, Managing Partner, Dr Colin Ong Legal Services, and President, Arbitration Association of Brunei Darussalam, on intellectual property from The Report: Brunei Darussalam 2013
The year 2012 has been a momentous one for the development of intellectual property law in Brunei Darussalam on several fronts. In order to nurture and protect its fledgling industry of inventors, the Patents Order 2011 was passed and came into force on January 1, 2012, and the former Inventions Act was repealed. Previously, there was no...