Law No. 7511 on the Amendment of the Turkish Commercial Code and Certain Other Laws ("Law No. 7511") was published in the Official Gazette No. 32560 on May 23, 2024.

While this Law No. 7511 primarily aims to amend the Turkish Commercial Code numbered 6102 ("Turkish Commercial Code"), it also includes changes to various other laws such as the Law on the Protection of Competition, the Law on the Protection of Consumers, the Law on the Union of Chambers and Commodity Exchanges of Turkey, the Law on Cooperatives, and the Law on the Regulation of Retail Trade.

Communiqué on Updating the Monetary Limits Regarding the Announcements of Sales to be Made Pursuant to the Execution and Bankruptcy Law was published in the Official Gazette numbered 32438 on January 23, 2024.

With the related Communiqué, the monetary limits in the third paragraph of Article 12 of the Regulation on the Procedure of Electronic Sales Pursuant to the Execution and Bankruptcy Law published in the Official Gazette dated March 8, 2022 and numbered 31772 ("Sales Procedure Regulation") (In Turkish) were updated by taking into account the PPI rates.

This Regulation covers the principles regarding the support programmes established by KOSGEB for enterprises and entrepreneurs, technology centres, consultancy centres, institutes and stakeholder organisations operating to ensure the development of enterprises and entrepreneurs.

In the Official Gazette dated January 2, 2024 and numbered 32417, a Communiqué was published by the Central Bank of the Republic of Türkiye.

The purpose of the Communiqué is to announce the default interest rate and minimum compensation amount for late payments made to the creditor pursuant to Article 1530, Paragraph 7 of the Turkish Commercial Code.