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MASLAK MAH. AHI EVRAN CAD NO: 21, POLARIS PLAXA, KAT:25 BB: 86, MASLAK / ISTANBUL, TURKEY
Tel:
Work +90 212 346 3444
Fax:
Fax +90 212 346 3445
Email:
Web:
www.basaransahan.com

CLIENT: Ba┼čak YILMAZ DERVISBEY
COMPANY/FIRM: Gulf Sigorta A.┼×.
TESTIMONIAL: Basaran&Sahan Law Firm serves high quality of legal services through highly motivated and experienced lawyers. The Firm provides legal solutions for daily and strategic business matters by ensuring timely turnaround of requests for legal advice as well as enabling efficient business. They have a solid experience in insurance law including lawyers with regulatory and public authority background in the team. The team members of the Firm can be easily communicated and understand the business needs of the clients very well by also pointing out the legal risks.


CLIENT: Cenk TABAKOGLU
COMPANY/FIRM: Unico Sigorta A.┼×.
TESTIMONIAL: We have been receiving legal services on various daily and regulatory matters from Ba┼čaran&┼×ahan Law Firm for a long time now. I and my team are very pleased to observe that our queries are answered on time and our procedures that need legal assistance are followed up very cautiously and diligently. Ba┼čaran&┼×ahan Law Firm always provides us with accurate and swift solutions due to their unique insight pertaining to the insurance business. This virtue of the firm in particular makes it very preferable for us to continue working with them.


CLIENT: Didem KILISLIOGLU
COMPANY/FIRM: Chubb Turkey
TESTIMONIAL: I have been working with Ba┼čaran&┼×ahan Law Firm for four years. Their knowledge on insurance, commercial and data protection law is quite good. Particularly on the interpretation of regulations and regulatory issues I have been given very satisfactory services. Their responses to my inquiries are always on time and clear. They have been providing innovative solutions to complex multinational projects. The insurance policy wordings are being localised pursuant to Turkish legislation and translated to Turkish by them and those were all good piece of work. Whenever I need they are always available and support me which is a key factor for me to work with them.


CLIENT: Ismail AYDEMIR
COMPANY/FIRM: Kat─▒l─▒m Emeklilik ve Hayat A.┼×.
TESTIMONIAL: I appreciate Ba┼čaran&┼×ahanÔÇÖs ability to understand our business and what we are dealing with. Our Turkish insurance and pension business has a very active regulation environment. These lawyers are constantly aware of what a client needs. Their response is instantaneous. Another important point is they are very accessible, knowledgeable in insurance regulations and committed to helping solve problems for their clients.


CLIENT: Hacer GEDIKOGLU
COMPANY/FIRM: Zurich Sigorta A.┼×.
TESTIMONIAL: Ba┼čaran ┼×ahan team has excellent understanding of the company needs and do their best to contribute. They have well-organized, efficient and produce quality work. We are satisfied with the reliable counsel that they provide.


Legal Developments in Turkey

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Court of Appeals Sheds Light on ÔÇťJust CauseÔÇŁ for Termination, Exit Right and Squeeze-out

    The Court of Appeals Sheds Light on "Just Cause" for Termination, Exit Right and Squeeze-out of Shareholders
  • AMENDMENTS TO TURKISH FX RULES RE. CONTRACTS DENOMINATED IN FOREIGN CURRENCY

    2018 has been a turbulent year in the Turkish economy and by extension significant changes has taken place in the Turkish foreign exchange rules which was mainly triggered by the recent overshooting in the foreign exchange rates against Turkish lira.
  • Understanding the Registration Obligation under Turkish Data Protection Law

    I. Scope of the registration obligation under Turkish legislation
  • Quarterly Update on Trade Defense Cases in Turkey (September 2018)

    After Turkey's recent change to executive presidency, the President has made some changes in the government system.
  • Amendments Introduced through Law No. 7101 on Arbitration Proceedings

    State courts have very important functions concerning arbitration proceedings. These functions may aim to provide assistance to arbitration proceedings, such as collection of evidence through state courts, which would support the functions of the tribunal, or functions aimed at supervision of arbitration proceedings, such as set-aside actions. The legal provisions regulating these functions play an important role in the determination of whether a particular state has an arbitration-friendly legislation.
  • Restrictions on Use of Foreign Currencies in Certain Agreements between Turkish Residents

    The Presidential Decree dated September 12, 2018, on the Amendment of Decree No. 32 on the Protection of the Value of the Turkish Lira (" New Decree "), introduced significant restrictions on the use of foreign currencies in certain agreements between Turkish residents. Below, we explain the scope of the New Decree and discuss possible issues and problems that may arise in relation to the implementation of the New Decree. We also assess the potential effects of the Communiqu├ę (2018/32-51) on the Amendment of the Communiqu├ę on Decree No. 32 on the Protection of the Value of the Turkish Lira (2008/32-34) (" Communiqu├ę "), which was published in the Official Gazette on October 6, 2018, and lists the exceptions to the restrictions imposed by the New Decree.
  • Amendment of ICSID Rules and Regulations

    At the 2016 Annual Meeting of the Administrative Council, the International Centre for Settlement of Investment Disputes ("ICSID") launched an amendment process on its' rules and regulations ("ICSID Rules and Regulations"). This has been the fourth amendment process since 1984, 2003 and 2006. As per Article 6 of the ICSID Convention, the amendments will only be effective upon the approval of two-thirds of the contracting states2. Hence, ICSID invited contracting states and the public3 to provide their amendment suggestions on topics worthy of consideration, which will be used as background papers throughout the process.
  • Trust Liability in terms of Groups of Companies

    Article 209 of Turkish Commercial Code No. 6102 ("TCC") has set forth obligations that are subject to damage caused by the trust and reputation of the parent company, as created with society and the consumer. Accordingly, "in the event that the reputation of the parent company and the group of companies reaches a certain level which provides trust to society or the consumer, the parent company is liable for the trust created by utilization of this reputation".
  • Possibilities and the Results of Trademark Confusion

    Trademarks are the vehicles that are used to differentiate companies one from the other. They help to capture the consumers' attention. It is essential and necessary to protect trademarks that are created and improved with capital and effort, from unrightful use by third parties, and to prevent the encroachment of trademarks through confusion. One of the most efficient functions of intellectual property law is to encumber imitations, and to halt improper benefit by using the popularity of the trademarks to their consumers. On the other hand, in our daily lives, we often see trademarks that are similar, and may wonder how they co-exist at the same time. In this article, we will shed light on the reasons why similar trademarks can be registered, the criteria that cause trademark confusion, and the remedies to prevent and/or remove these infringements.
  • Capital Markets Board Issues an Official Announcement on Initial Coin Offerings and Crowdfunding

    The Capital Markets Board (" CMB ") issued an announcement on September 27, 2018, on its website and addressed the much-disputed status of digital tokens and Initial Coin Offerings (" ICO "). In this announcement, the Capital Markets Board stated that it does not regulate or supervise ICOs, and also noted that it does not regulate or supervise most practices in which blockchain technologies are being used, such as cryptocurrency offerings and token offerings.