Amendment

Turkey: Amendment of the Regulation on Distance Contracts

4 June 2025 The Regulation Amending the Regulation on Distance Contracts (in Turkish, “Mesafeli Sözleşmeler Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik, the “Amending Regulation”), published in the Official Gazette numbered 32909 and dated 24 May 2025, introduced significant amendments to the legal regime governing distance contracts in Türkiye. These amendments are grounded in Article 48 of…

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Austria: Amendment of the Covered Bond Act

January 2022 – Austria – TAIYO Legal  As of 08.07.2022 and implementing the EU Covered Bonds Directive (EU-CB-Directive), Austria’s new Covered Bond Act (PfandBG) will enter into force. The amendment is intended to increase the attractiveness of the Austrian covered bond market and eliminate distortions of competition within the EU. The regulations on covered bonds…

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