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ISTANBUL: Minorities `given entire asset rights'

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  • ISTANBUL: Minorities `given entire asset rights'

    Hurriyet Daily News, Turkey
    Dec 15 2012

    Minorities `given entire asset rights'

    ISTANBUL - Hürriyet Daily News
    by Vercihan ZiflioÄ?lu


    Turkey's Foundations Directorate General has organized a seminar on
    new regulations regarding minority foundations.

    Held in Galata Greek School in Istanbul on Dec. 13, the seminar titled
    `The Legal Condition of the Minority Foundations' was the first of its
    kind in the Republican period.

    Foundations Directorate General's Chief Inspector Okan Saydam, the
    foundations' Istanbul 1st Region deputy head Ebru Günaydın and Laki
    Vingas, who is in charge of minority foundations in the Directorate,
    were present at the seminar. Also, representatives of minority
    communities, including Armenian, Greek, Syriac and Jewish foundations
    showed a great interest in the seminar.

    Saydam spoke to the Hürriyet Daily News about the latest developments
    the Directorate is working on. He said they cancelled the elective
    regulation of minority foundations and were working on a new one,
    which would be announced soon.

    `Many law cases were opened to the elective processes of some
    foundations. Administrators could resist holding an election. Also,
    voter lists were not organized in an effective way. The new elective
    regulation we are working on will prevent such problems,' Saydam said.

    `From now on, minority foundations will be able to invest in the stock
    market and they will be able to sell and buy stock certificates as
    long as they inform the Foundations Directorate General,' Saydam said.

    With the new Foundation Law that came into effect in August 2011, a
    one-year period was given for the minority foundations to receive back
    their property. According to Vingas, 1,560 appeals were made for
    property return by Armenian, Greek, Jewish, and Syriac communities
    within this period. Vingas also remarked on the new elective
    regulation, saying they hoped the problems on election matters to be
    solved with the new system. Vingas, who is of Greek origin, also spoke
    specifically on the problems of Greek community foundations. `The
    population of the Greek community is very low, so we have problems in
    terms of administration,' Vingas said.

    December/15/2012

    http://www.hurriyetdailynews.com/minorities-given-entire-asset-rights.aspx?pageID=238&nID=36898&NewsCatID=339

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