The Legal 500

39 MECLISI MEBUSAN CADDESI, NO.39 SALIPAZARI, 34427 ISTANBUL, TURKEY
Tel:
Work +90 212 249 8383
Email:
Web:
www.aksan.av.tr

Turkey

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Turkey

Within Corporate and M&A, tier 4

Aksan Law Firm’s highlights included advising Kazanci Holdings on its spin-off of three subsidiaries with related $82m share transfers. Özgur Tayga Ak’s team also has strong privatisation experience.

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Within Dispute resolution, Aksan Law Firm is a third tier firm,

Özgur Tayga Ak and Sevgi Toluay, respectively, head the arbitration and litigation teams at Aksan Law Firm. The firm recently acted for a major Turkish client in a case concerning a disputed share purchase agreement.

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Within Intellectual property, Aksan Law Firm is a third tier firm,

Nail Gönenli heads the team at Aksan Law Firm, which manages the IP portfolio of Turkish pharmaceuticals company Abdi Ibrahim.

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Further information on Aksan Law Firm

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Turkey

Offices in Istanbul

Legal Developments by:
Aksan Law Firm

Legal Developments in Turkey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Constitutional Court abolished the Article 16/5 of the Decree Law numbered 556

    The Constitutional Court abolished the Article 16/5 of the Decree Law numbered 556.
  • Assignment of Trademarks and Licensing of Trademarks in Turkey

    I. Introduction
  • Installment Sales

    The Regulation About Installment Sales ( "The Regulation" ) entered into force by being published in the Official Gazette on 14 th  January 2015. Although the title is 'installment sales'; the main subject of the Regulation is financial leasing agreements. It is important to be careful not to confuse the installment sales with the prepaid sales. In prepaid sales the buyer have the possession of the sold movable property after completing the payment. However in installment sales the buyer gets the property immediately and then makes the payment. Moreover the sales made by credit cards are not the subject of this Regulation.
  • Protection of Creditors and Employees and Personal Liabilities of Shareholders in Mergers

    Synergies and increase in the assets of the merging companies are aimed at mergers. However, a merger may at the same time result in the increase of the liabilities of the merging companies. Further, in some cases the financial standing of the absorbed company in a merger may not even show positive figures thus such a merger may present a potential risk on the creditors of especially the surviving company. Due to the fact that creditors of the merging entities do not have a veto right against a merger, there arises the need for a specific protection tool for the creditors. A merger may also negatively affect the employees of the merging entities, again especially the ones of the absorbed company. On the other hand, "over-protection" may defeat the purpose of the merger concept so a fairly balanced protection mechanics is essential. This article focuses on the means of protection of creditors and employees, and personal liabilities of shareholders in mergers, as regulated by the Turkish Commercial Code ("TCC").
  • Unfair Competition

    Unfair competition is regulated in the Turkish Commercial Code ("TCC") Law No: 6102 and the Competition Law On the Protection of Competition ("The Competition Law"), Law No: 4054.
  • General Business Terms and Conditions under Turkish law

    The concept of general business terms and conditions has been introduced to the Turkish law by the new Turkish Code of Obligations. This article aims to provide general information on as to how general business terms and conditions in agreements are handled under Turkish law.
  • The Principles And Procedures To Apply To Factoring Transactions

    The Banking Regulation and Supervision Authority ("BRSA") of Turkey published the Regulation on the Principles and Procedures to Apply to Factoring Transactions (the "Regulation") in the Official Gazette on February 4, 2015.
  • Patent and Utility Model

    The patent and the utility model are regulated in the Decree No. 551 dated 1995 Concerning to the Protection of Patent Rights ("PDL"). Obviously patent and utility models are not completely two different rights; however there are some specific measures differentiating them. In this article we will discuss important points of these rights.
  • Interim Relief

    The Interim Relief is regulated under the Turkish Procedural Law numbered 6100 ("TPL"). According to the legislation, the court can provide any kind of interim relief that has the effect of preventing the claimant incurring damages before resolution of his claim or, such as (i) freezing or securing goods or rights, (ii) ordering the defendant to take, or not to take, a certain action (for example, annotation to the title deed preventing its transfer, prohibiting the transfer of shares of a company, and so on).
  • Changes to Turkish Corporate Governance Rules

    RECENT CHANGES INTRODUCED TO TURKISH CORPORATE GOVERNANCE RULES FOR PROCEDURES OF DETERMINING MANDATES IN TURKISH CORPORATIONS