"Turkey: Recent Developments Concerning The Legal Regime Applicable To Foreign Real And Legal Persons’ Acquisitions Of Immovable Properties In Turkey: An Analysis Of The Decision Of The Constitutional Court As Published On April 16th, 2008
22 April 2008
Article by Gönenç Gürkaynak and Hande Varhan
The Law on Direct Foreign Investments (the "Law") and the Land Registry Law regulate the provisions with respect to acquisition of immovable property and rights in-rem 1by foreign real and legal persons. The Turkish Constitutional Court ("the Court") has very recently annulled Article 3/d of the Law, and the last sentence of sub-clause 1 of Article 35 of the Land Registry Law. This calls for an analysis of the current legal status of foreign real and legal persons’ immovable property rights and future acquisitions of immovable property rights. "
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