Business risks

Australian companies are advised to spend time investigating the market, obtain professional advice where appropriate and thoroughly investigate the issues in entering the market and before establishing business relationships.

Australian firms wishing to operate in this country should commit to the highest level of corporate behaviour and familiarise themselves with Australia's laws and penalties pertaining to bribery of foreign officials.

Bribery of foreign public officials is a crime. Australian individuals and companies can be prosecuted in Australia for bribing foreign officials when overseas. Further information on the regulations governing bribery of foreign public officials is available.

For further information on frauds, scams, personal and asset security, intellectual property protection and other business risks please read more about legal issues.

Intellectual property protection

Turkey's intellectual property rights laws have improved in recent years, but compared to international standards they remain a concern.

A new copyright law has been issued, which provides deterrent penalties for copyright infringement. Anti-Piracy provisions are an important part of the new law. Pirated materials, especially CDs and books, are still available but there are more penalties for the producers and sellers of these materials.

Turkey is a signatory to a number of international conventions, including:

  • The Stockholm Act of the Paris Convention
  • The Patent Cooperation Treaty
  • The Strasbourg Agreement and
  • The World Intellectual Property Organisation (WIPO)
  • Copyright Agreement
  • Performances and Phonograms Treaty.

Dispute resolution

Turkey's legal system has written commercial and bankruptcy laws that provide a means for enforcing property and contractual rights. The court system can be slow to make decisions and is often overloaded, having a case finalised can sometimes take quite long.

Turkey is a member of the International Center for the Settlement of Investment Disputes (ICSID), and is a signatory of the New York Convention of 1958 on the Recognition and Enforcement of Foreign Arbitral Awards. Turkish law accepts binding international arbitration of investment disputes between foreign investors and the state.