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News 9th March 2010 LLI is still leading the way for British Investors! London Legal International is still leading the way for British Investors. We are currently representing 55 families with regards to their title deed disputes in Turkey. For more details please click the link below. - Read more 4 November 2009 LLI is leading the way for foreign investors in Turkey! As the representatives of 41 families who have Tapu (title deed) problems in Didim area, we are very happy to inform you that we obtained an injunction on the land to avoid it being transferred to third parties. This will allow our clients to have a fair chance to raise their claims and ask for their title deeds from the landlord with whom originally they didn’t have a contract with. The next hearing is on 4th January 2010. Please click the below link for the press coverage and details. - Read more 14 August 2009 We are the Legal Experts of A Place in the Sun Magazine! Recently we were contacted by APIS to provide Turkish legal advice on a feature they were preparing, we were delighted to work with the great team they have. Please feel free to read more by clicking the link below! - Read more (PDF, 1 mb) 06 July 2008 The Turkish Government is lifting its suspension on the issuing of the title deeds to foreign nationals. The suspension on the issuing of the title deeds to the foreign nationals was only intended to be temporary so that the legislation can be redrafted as we mentioned in our newsletter dated 20th March 2008. The draft legislation, which lifts the suspension, was passed by The Justice Commission of Turkish Parliament. This is expected to come into effect after the details of the rulingis published in the official gazette. The biggest difference in the new law is in article 35 (7th paragraph) of the Code of Land Registry, it changes the limits for the foreigners buying in Turkey. Individual non nationals can purchase up to 10% of the total area covered in the local planning zone for a town. Before the suspension the limit for individual non national buyers was 0.5% of the province's entire area. The law gives the local authotories 3 months to inform the Government of their lands subject to planning permission as well as its restricted areas. We are very pleased with the announcement of the new legislation. However, in our opinion the wording may cause more confusion. The Government will receive the list of the planned/subject to planning permission lands within 3 months from each town and province and will apply %10 on that amount. However, the local governments have the authority to issue planning permissions within their borders. This means unless the local governments report to the government everytime they issue new planning permissions, the 10% will stay the same, despite the increase of the planned lands. Never the less, this does not affect any non national buyers as this is an internal matter the Government will need to adress in due course. 24th June 2008 LLI is opening its 2 new offices in Didim and Bodrum very soon. We are very happy to announce that we are now setting up our new offices in Didim and Bodrum. Recently we have been very busy with many enquiries from those regions and our Izmir office wasnt able to cope with the work load. This is the kind of breakdowns we love in LLI! So, we decided to expand.. Ms Yeliz Turk, a partner to LLI, is heading the operation in Turkey and she will stay in Turkey until October 2008. Please feel free to email info@londonlegalint.co.uk should you like to get further info on how our new offices can support you. 25 April 2008 LLI Head of Turkey Operations, Ms Ozlem Kocanaogulllari is in London until 4th May 2008.She is atending "A Place in the Sun" with our team. We will be attending A Place in The Sun Live in Excel Exhibition Center on 25th-26th-27th April. Please feel to email info@londonlegalint.co.uk should you wish to meet us during the exhibition. Also Ms Kocanaogullari is available for your queries until 4th May, please call 0207 7499191 to book an appointment with her. 16 April 2008 Turkish Parliament’s Move to Regulate the Turkish Property Market. After the recent judgment of the Turkish Constitutional Court we announced that we were expecting the Parliament to make a move and eliminate the current confusion and anxiety surrounding the Turkish property market. It seems now that the Parliament is doing this by way of adopting a new act on the right of the foreign individuals and companies purchasing property in Turkey. Until this legislation is finalized by the Parliament the General Directorate of Land Registry ordered a temporary suspension to the title deed transfer to the foreign individuals and companies. Given the urgency of the situation we expect the Government and the Parliament to finish work on the new act in the next couple of weeks so as not to cause any damage to the market. Indeed the Turkish press today reported that the new act has been presented to the Cabinet. We will continue to post updates on this matter until it is resolved. |
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