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Wednesday, August 24, 2005

Legal Week Global-Legal Development: (Turkey) Turkey aligns its laws with the EU

"Legal Development: (Turkey) Turkey aligns its laws with the EU
Reformed legislation introduces business-related crimes in Turkish criminal law

The new Turkish Criminal Law entered into force on 1 June, 2005, mainly as a result of Turkey’s efforts toward harmonising its legislation with European Union (EU) law. The new law replaced the Turkish Criminal Law of 1 March, 1926.

The most interesting feature of the new law with respect to companies is the applicability of security measures ( guvenlik tedbirleri) to legal entities. Criminal liability of legal entities is a new concept in Turkish law. Pursuant to the new law, security measures apply not only to individuals, but also to legal entities, the representatives of which committed a crime, or which benefited from the commitment of a crime. "

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