Search News and Articles
Pekin & Pekin outlines the tax dispute resolution options for multinationals inTurkey.
What advice would you give to multinationals about how to reduce the risk of becoming involved in a dispute with the Turkish tax authorities?
What options do taxpayers in Turkey have to resolve disputes with the authorities other than litigation?
Are you seeing any trends in the types of dispute cases the Turkish tax authorities are taking up, and those where they are succeding in the courts?
What do you think multinationals can expect from Turkey's tax authorities in future?
This article was first published by International Tax Review.
This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of mergers and acquisitions. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Mergers & Acquisitions; published by Global Legal Group Ltd, London. www.iclg.co.uk.
As a rapidly developing market, Turkey's business environment is increasingly becoming susceptible to criminal and fraudulent activities, with elevated levels of enforcement and regulation posing challenges for local and foreign businesses operating in Turkey as well. The growing awareness on conducting transparent businesses in accordance with generally accepted compliance, corporate governance, and accountability principles, may bring about heightened legal hurdles for companies who have to comply with the applicable legal regulations when conducting their business operations.
Pursuant to the Law of Kazakhstan «Concerning Introduction of Amendments and Modifications in Certain Legislative Acts of the Republic of Kazakhstan Regulating Banking Activity and Financial Organisations with respect to Risk Minimisation» dated 28 December 2011 (the «Law of 28/12/2011») a number of amendments were made to the joint-stock company legislation, including Article 53-1 of the Law of Kazakhstan «On Joint-Stock Companies» (the «JSC Law»), which regulates the creation and proceedings of the committees of the board of directors:
Auditing of companies has become a significant issue in a globalizing world. Auditing is no longer regarded as a matter which can only be subject to domestic law. Independence of auditors, auditing of auditors and preventing auditors to render any other service other than auditing are amongst the hot topics still debated in the European Union (EU). With the entry into force of the Turkish Commercial Code numbered 6102 of 2011 (Code) on 1 July 2012, a salient step was taken for modernizing the auditing system by introducing principles similar to those existing under the EU regulations.
As a result of the Turkish Government's continuing efforts to harmonise the country's legislation with that of the EU and to modernise its old laws, some of which dates back to 1925, a new Turkish Commercial Code (the "New TCC") was passed by the Parliament and came into force on 1st July, 2012. The New TCC brings about a major overhaul of the laws of arrest of non-Turkish vessels within the Turkish jurisdiction.
New Rules on Incorporation of Jurisdiction/Arbitration Clauses in Charter Parties into Bills of Ladi
Some of the changes brought by the New Turkish Commercial Code, which came into force on 1st July, 2012, continue to be hotly debated. One such change relates to incorporation of the terms and conditions of charter parties into bills of lading.
This contribution discusses the legal dimension of search engines in an Internet law context, through both a global lens and a Turkish perspective. This paper introduces search engine liability in the growing Internet industry and the role of search engines in distributing and disseminating information. Next, this paper considers a global perspective on the legal dimension of search engines from United States case law, United Kingdom case law, and other European courts and legislation. This contribution then discusses the liability of search engines in the Turkish legal context. The conclusion provides an overall evaluation of the current status of search engine liability and prospective on its potential development.
Life Group Insurances Regulation
The "Life Group Insurances Regulation" was published in October 10, 2012. The Regulation introduces different groups of life insurances and regulates the benefits and rights of the policyholders, insured persons and beneficiaries. It also sets forth the tariffs to be applied to life insurances as well as the implementation of such tariffs.
The new Turkish Code of Obligations (Law No. 6098) (published in the Official Gazette dated 4 February 2011 and numbered 27836) became effective on 1 July 2012. The new Turkish Code of Obligations sets out provisions on employment relationship that are in parallel to the Turkish Labour Code numbered 4857 and further stipulates release of employer by the employee.