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On April 5 th , 2016, the Department of Justice ("DOJ") announced the Foreign Corrupt Practices Act Enforcement Plan and Guidance ("Guidance") which aims to ensure greater accountability for Foreign Corrupt Practices Act ("FCPA") violations and provide greater transparency for companies with regard to mitigation.
On April 30 th , 2016, the Turkish Prime Ministry published on the Official Gazette, the Circular No. 2016/10 on Increasing Transparency and Strengthening the Fight against Corruption ("Circular").
Turkey's newly enacted Law on Protection of Personal Data ("Law") is based on EU Directive 95/46/EC ("Directive") on protection of individuals with regard to the processing of personal data and on the free movement of such data. Although the Law is mainly based on the Directive, it is not identical and it differs from the Directive in certain points.
Advertising slogans are, in a nutshell, short expressions or idioms that brand owners use in advertising in order to make the advertised product or service remembered easily and also to have the slogan be associated with the product, thus the brand. A powerful advertising slogan is created after quite a costly and time-consuming endeavor and therefore is worth being protected, since use of similar slogans may confuse the public about the commercial origin of the product/service that is advertised with that particular slogan.
The Law on Protection of Personal Data ("Data Protection Law"), which is mainly based on Directive 95/46/EC, is approved by the Turkish Grand National Assembly ("TGNA") on March 24, 2016. Data Protection Law will now be sent to the President for approval and publication. The President will have fifteen (15) days to publish the law approved by the TGNA, unless he has any objections that compel him to return the law to TGNA for reevaluation.
The laws and regulations governing the insurance and reinsurance practices in Turkey are quite complex, since the principles and provisions governing the insurance and reinsurance practices are set forth at different laws, regulations and communique, including Turkish Commercial Code No.6102 dated January 13, 2011 ( hereinafter referred as Law No.6102 ), Insurance Law No.5684 dated June 3, 2007 ( hereinafter referred as Law No. 5684 ), Regulation Regarding Consideration of Capital Adequacy of Insurance, Reinsurance and Pension Companies published at Legislative Journal dated January 19, 2008 and No. 26761 ( hereinafter referred as Regulation Regarding Capital Adequacy 2008 ) and the Regulation Regarding Consideration of Capital Adequacy of Insurance, Reinsurance and Pension Companies published at Legislative Journal dated August 23, 2015 and No. 29454 ( hereinafter referred as Regulation Regarding Capital Adequacy 2015 ).
The main purpose of the Law on Electronic Commerce (“Law ”) effective as of May 1, 2015 is to define the liabilities of the service providers or intermediaries in terms of electronic commerce and for communicating with their customers.