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IHL Legal Briefings

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Recent competition law developments in Turkey: amendments to guidelines on vertical agreements

May 2018. By ELIG Gürkaynak Attorneys-at-Law, Gönenç Gürkaynak, and Öznur İnanılır

Article 4 of Law No 4054 on the Protection of Competition (Law No 4054) prohibits all agreements between undertakings, decisions by associations of undertakings and concerted practices having (or that may have) as their object or effect the prevention, restriction or distortion of competition within a Turkish product or services market or a part thereof. The Block Exemption Communiqué No 2002/2 on Vertical Agreements (Communiqué No 2002/2) and the respective Guidelines on Vertical Agreements draw the block exemption principles for vertical agreements, which may be exempt from the application of Article 4 of the Law No 4054 provided that certain conditions are satisfied. [Continue Reading]

A Comparison Between EU Directive 95/46/EC and Data Protection Legislation in Turkey

October 2016. By ELIG Gürkaynak Attorneys-at-Law, Gönenç Gürkaynak, and İlay Yılmaz

Turkey's newly enacted Law on Protection of Personal Data (DP Law) is based on EU Directive 95/46/EC (the Directive). Although the DP Law is mainly based on the Directive, it is not identical and it differs from the Directive in certain points. The main difference between the Directive and the DP Law is that Directive focuses on the act of processing personal data rather than the parties to such processing, whereas the DP Law mainly provides rights and imposes obligations on the parties of a data processing act. [Continue Reading]

Legal Developments by:
ELIG Gürkaynak Attorneys-at-Law

  • Communiqué on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding [1] . The CMB has now officially published the Communiqué on Crowdfunding No. III-35/A (“ Communiqué ”), on October 3, 2019. The Communiqué entered into force as of October 3, 2019.
    - ELIG Gurkaynak Attorneys-at-Law

Legal Developments in Turkey

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