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Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Recent Amendments to Environmental Impact Assessment Regulation

On 26 May 2017, the Environmental Impact Assessment Regulation has been amended to shorten the time frames for environmental impact assessment (“EIA”) process and to extend the scope of EIA requirement for solar and wind power projects.

Establishment of the Natural Gas Spot Market in Turkey

In line with the government’s objectives to make Turkey a regional hub for natural gas trading, a natural gas spot market has been established by the Natural Gas Organized Wholesale Market Regulation published in the Official Gazette on 31 March 2017.

Special Audit in Joint Stock Companies

I.         Introduction

In joint stock companies, there are three types of audit mechanism, namely (i) statutory audit, (ii) optional audit and (iii) special audit.

In accordance with the Turkish Commercial Code No. 6102 ("TCC"), all joint stock companies are subject to statutory audit. Said article stipulates that statutory audit is conducted pursuant to article 398 of the TCC and the relevant regulation ("Regulation") to be introduced by Ministry of Customs and Trade and the Council of Ministers, as the case may be.

Turkey Introduces a New Regulation on Packaging in line with EU Directives

Turkey Introduces a New Regulation on Packaging, Inserts and Tracking of Pharmaceuticals, in line with EU Directives

I - Introduction

On April 25th, 2017, the Ministry of Health ("Ministry") has published the Regulation on Packaging Information, Inserts and Tracking of Medicinal Products for Human Use ("Regulation") on the Official Gazette.

Upon publication of the Regulation, the Regulation on Packaging and Labeling of Human Medicinal Products published on August 12th, 2005 ("Abolished Regulation"), has been abrogated.

The Regulation has been prepared within the scope of "legislative harmonization", in consideration of the Directive 2001/83/EC on the Community code relating to medicinal products for human use and Directive 2011/62/EU, as regards the prevention of the entry into the legal supply chain of falsified medicinal products.

In a nutshell, the Regulation governs principles as to the notifications to be made by sellers/importers for tracking of the distribution chain and includes information required on the packaging and inserts of medicinal products for human use.

DOJ Publishes New Evaluation Questionnaire on Compliance Programs

May 2017 - Crime. Legal Developments by ELIG, Attorneys-at-Law .

More articles by this firm.

United States Department of Justice ("DOJ") published on its website a new guidance paper called "Evaluation of Corporate Compliance Programs" ("Evaluation") in February 2017. The Evaluation provides insight into how the DOJ evaluates compliance programs by setting forth the questions DOJ frequently uses when deciding on fine mitigation or entering into a plea agreements.

Draft Amendments to the License-Exempt Electricity Generation Legislation

On 27 January 2017, the Turkish Energy Market Regulatory Authority (“EMRA”) published draft amendments to the license-exempt electricity generation legislation (“Draft Legislation”) on its website for opinions and comments of the public.

Implementation Regulations of the Movable Pledge Law

May 2017 - Finance. Legal Developments by Ergün Avukatlik Bürosu.

More articles by this firm.

The Regulations implementing the recent Movable Pledge Law (“Movable Pledge Law” or “Law“), namely the Regulation on the Perfection and Enforcement of Movable Pledge in Commercial Transactions, the Regulation on the Movable Pledge Registry, and the Regulation on the Valuation of Movable Assets in Commercial Transactions (collectively, the “Regulations“), have been issued and become effective as from January 1, 2017. As stated in our previous client alert, the Law was not clear on certain aspects, which were expected to be clarified in the Regulations.

Data Controller or Data Processor?

Data Controller or Data Processor?

How to Interpret Two Core Definitions of Data Protection Legislation

Companies and individuals may face difficulties in determining which one of the definitions they fall under and whether they or the ones they are working with have data protection responsibility. Interaction between these two concepts is of paramount importance, as it imposes obligations in terms of liability. This piece aims to inform companies involved in the processing of personal data to be able to determine whether they are or the third parties they work with are acting as a data controller and/or as a data processor under Turkish data protection legislation.

New Industrial Property Law

The Industrial Property Law abrogating the patchwork of decrees that governed intellectual and industrial property rights has been published in the Official Gazette and entered into force on January 10, 2017.

Privatization of Domestic Coal-Fired Power Plants in Turkey

The privatization tender of Çayırhan-2 coal reserve area and the construction of a coal-fired power plant project (“Çayırhan-2 Project”) was concluded on February 6, 2017, which has been the first of the new wave of privatization of coal reserves and construction of lignite coal-fired power plants in Turkey in line with the recent incentives regarding utilization of domestic coal reserves for electricity generation. This client alert outlines the main novelties in relation to this new wave of lignite-fired power plant tenders, which is expected to continue with several other privatizations in 2017 as explained below.

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