Amendments to the Shareholders’ Meeting Procedures of Joint Stock Companies
Significant changes to shareholders’ meeting procedures and principles on the attendance of a representative of Ministry of Trade have been introduced.
Amendments to the Financial Reporting of Investment Funds
Capital Markets Board of Turkey (“CMB“) has published the Communiqué Amending the Principles Regarding Principles on Financial Reporting on Investment Funds (“Amendment Communiqué“), in the Official Gazette dated 9 October 2020 and entered into force on the same date. Changes introduced by the Amendment Communiqué can be summarized as follows:
Additional Six Months has been granted to Benefit from the Renewable Energy Resources Support Mechanism
Commissioning deadline for production facilities to able to benefit from the Renewable Energy Resources Support Mechanism (“YEKDEM”) has been extended to 30 June 2021, with the annex decree of the Presidential Decree dated 17 September 2020 and numbered 2949 has been published in the Official Gazette dated 18 September 2020 and numbered 31248.
Amendments in Communiqué on Principles Regarding Real Estate Investment Companies
Capital Markets Board of Turkey (“CMB“) has published the Communiqué Amending the Principles Regarding Real Estate Investment Companies (“Amendment Communiqué“) the Official Gazette dated 9 October 2020 and entered into force on the same date. Changes introduced by the Amendment Communiqué can be summarized as follows:
Turkish Constitutional Court Annulled Article 81/13 of Law on Intellectual and Artistic Works
Pursuant to Law numbered 5846 on Intellectual and Artistic Works (“Law“) reproduced copies of musical and cinematographic works and non-periodical publications should bear a special label, called a banderol for commercial exploitation. The breach of banderole liability crimes and related punishments are regulated under article 81 of the Law. Article 81/13 of the Law, on …
Guideline on Non-clinical Evaluation of Vaccines for Human Use has been Published
On 6 October 2020, Turkish Medicines and Medical Devices Agency (“Agency”) has published “Guideline on Non-clinical Evaluation of Vaccines for Human Use” (“Guideline”). The Guideline aims to provide guidance on “non-clinical evaluation” of vaccine candidates for vaccine developers.
WIPO Launches “WIPO Lex-Judgments” Database
Legal regulations and judicial practices are in a continuous transformation in order to meet the needs arising from new technological developments. Juridical authorities in different jurisdictions are facing new and highly sophisticated conflicts which are increasing day by day in practice of intellectual property. This global change also necessitates an international information exchange to have …
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Principles and Procedures Applying to Taxpayers Detected with High
Pursuant Article 160/A of the Tax Procedure Law (“Law number 213”) taxpayers who are determined by the relevant departments of the Ministry of Treasury and Finance to have a high risk of forging documents will be referred to tax inspection and then their taxpayer status will be abandoned. Within the scope of this amendment, which …
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The Court of Cassation: Mediation is not Mandatory for Compensation Cases Initiated with Non-Monetar
The 11th Civil Chamber of the Court of Cassation ruled that where the lawsuits are backlogged, mediation is not mandatory for commercial cases initiated with non-monetary claims. Accordingly, it overruled the Regional Court’s decision.
Guidelines on Employee Inventions and Inventions Made in Higher Education Institutions were published
Turkish Patent and Trademark Office (“TPTO”) published “Guidelines on Employee Inventions and Inventions Made in Higher Education Institutions” (“Guidelines”) on its website by virtue of Industrial Property Law numbered 6769 (“IPL”) and Regulations on Employee Inventions and Inventions Made in Higher Education Institutions and Inventions Emerging in Public Supported Projects numbered 30195 (“Regulation”) on 30 …