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Jersey limited liability partnerships (LLPs) can now be licensed to
conduct 'fund services business' as a general partner, manager,
investment advisor or investment manager under Jersey's financial
services legislation. Read more...
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The one of the most significant principle in an M&A transaction
is "the principle of maintenance of partnership structure" (or the
maintenance principle) under Turkish Commercial Code. As is
known, result of a merger and acquisition transaction affects two main
actors: the first one is the company itself and the second
is shareholders of the company in fact maintenance of the partnership
structure is a result of the second affect of an M&A transaction.
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Mediation as an alternative dispute resolution has been regulated by
European Union Directive 2008/52/EC providing the application of
mediation for civil and commercial cases in the member states of the
European Union ("EU"). In some of the Member States of the EU the
mediation is recent and has been regulated short time ago by their
national laws and mediation has been enacted by a separate law.
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Customs duties can be examined within the scope of two types of taxes
which are expenditure tax and excise (Indirect) tax. Customs duty can be
described as an expenditure tax. Expenditure taxes are for the services
and goods produced sold or consumed. Customs duties are type of excise
(indirect) tax as well because taxpayers reflect custom duties to
consumer by including the tax into the prices of the goods to be sold.
Taxable event, time and who to bear are not certain.
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As well as the company establishment, an investor may take decision for
termination of his/her company or a company's termination conditions
stated in the laws may occur such that start of a liquidation process
becomes unavoidable for the company. Liquidation process is a period
which may take long time and in which a company's transactions and
taxation procedures are subject to different terms and conditions than a
general operation of company's activities.
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The high economic growth of Turkey which has been going on for more than
a decade now intensified Turkey's need for more energy. It is estimated
that Turkey is going to need a substantial volume of energy which will
amount to a 7 % annual growth for the Turkish energy market until the
year 2023.
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Corporate governance serves as a tool in order to ensure accountability,
transparency and responsible management on the part of the enterprises
which have increasingly been finding themselves in a more competitive
world. Such practice is not only necessary because it results with
efficiency in a world where the sine qua non of market survival heavily
depends on better and more effective management but also because it
mitigates the ill effects of corrupt practices that might develop within
the firms.
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Despite a slowdown in 2013 with 13% decline by sukuk volume, it is most
likely to witness a distinct expand in next year since it will lie
beyond Gulf region. UK, Luxembourg and Hong Kong will be hot players in
sovereign sukuk market. Sukuk volume boost will predominantly
substantiate by corporate issuers operating in regulated markets as a
financing tool for their prospective investments. Particularly,
extensive need in infrastructure financing will trigger sukuk issuance
in the upcoming years. The fundamental reasons for the attractiveness of
sukuk are its liquidity, functionality on trade and being rateable in
terms of issuer country
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Currently, the importance of the Liquefied Natural Gas ("LNG") has come
to the fore with the discussions concerning the probable problems in
natural gas import to the Europe due to the Crimean Crisis. According to
the experts' opinion, the LNG import to the Europe may increase in the
near future depending on the decrease of the natural gas import. In
brief, the LNG plays an essential role as an energy resource.
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Turkish pharmaceutical
policy has changed radically and made progress starting from the last
decade. In the meantime, some controversial topics such as
reimbursement, pricing, authorisation, intellectual property rights, and
quality and harmonisation process with the EU were and in fact still
are the highly disputed issues. As a consequence of EU harmonisation
process, patent, data protection and data exclusivity are one of the
foremost areas of the debate. Within the framework of bilateral or
multilateral agreements (TRIPs, Customs Union Agreement with the EU)
Turkey needed to apply the international terms and conditions of patent
and data protection
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