Wolf Theiss has advised CVI on subscribing to all the bonds issued by Romania's Impact Developer & Contractor in a recent corporate note issuance worth EUR 8 million. Nestor Nestor Diculescu Kingston Petersen reportedly advised the issuer.
In accordance with the Turkish Code of Obligations No. 6098 ("TCO"), lease relations are categorised under three main headings: (i) general provisions, (ii) residential and roofed workplace leases, and (iii) product leases. Properties to be leased as offices, warehouses, etc. for the purpose of conducting commercial activities will be subject to the provisions of "Residential and Roofed Workplace Leases".
The ongoing search for alternative accommodation in Turkey’s tourism sector is transforming the short-term rental of secondary residences into a new branch of trade. This growing practice has prompted Turkey’s Ministry of Culture and Tourism (the “Ministry of Tourism”) to take concrete steps to determine the criteria for the rental of residences to both real and legal persons for tourism purposes.