An Unfair Code for Personal Guarantors
Introduction The Insolvency and Bankruptcy Code (“IBC”) was enacted in 2016 to provide a stimulus to the insolvency and bankruptcy process in India, which had not been performing as per the desired pace due to the lack of effective mechanism in the previous legislations. The IBC is a comprehensive legislation enacted with an aim to …
TRADE & COMMODITY FINANCING IN INDIA – AN OVERVIEW!
Trade finance is the financing of international trade flows. It exists to mitigate, or reduce, the risks involved in an international trade transaction. There are primarily two players in a trade transaction:
Corporate and Commercial Law – stay informed on recent legal developments across 37 jurisdictions
We are pleased to present the latest edition of EY Corporate and Commercial Law global update. The articles in this global update reflect the global reach and diversity of EY Law services, from corporate law to civil law and commercial law to regulatory aspects across 37 jurisdictions, covering Western Europe, Latin America, Central and Eastern …
DATA PROTECTION IN INDONESIA
In 2022, Law No. 27 of 2022 regarding Personal Data Protection (“PDP Law”) has been enacted as the primary law of personal data protection in Indonesia. Further to PDP Law, there are other law and regulations that also regulate regarding personal data protection in Indonesia, namely Law No. 11 of 2008 regarding Electronic Information and …
The Turkish Competition Authority’s M&A Overview Report for 2021 Has Been Published
The Turkish Competition Authority’s (“TCA“) Mergers and Acquisitions Overview Report for 2021 (“Report”) has been published at the TCA’s official website on January 7, 2022. The Report provides an overview of the TCA’s activities regarding M&A transactions and includes brief information on the merger control filings by making comparisons between 2021 and previous years in …
A Look at TCA’s Approach to Abuse of Dominance through the Lens of AG Rantos’s Opinion
In recent weeks, highly praised opinion (“Opinion”) of the Advocate General Rantos, which was originally published in French, is released in English.[1] In this article, we summarized the opinion of the Advocate General in four short sections and, supplemented each section with the decisional practice of the Turkish Competition Authority (the “TCA”) as a comparison …
Main Developments in Competition Law and Policy 2021:Turkey
2021 has been a busy year in many aspects, including competition law and policy in the Republic of Turkey. The Turkish Competition Authority (“TCA”) developed and adopted its secondary legislation in response to amendments to Law No. 4054 on Protection of Competition (“Turkish Competition Law”)[1]. These recent developments on the secondary legislation include (i) the introduction of …
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Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board Has Been Amended
On 04.03.2022, important amendments/additions has been introduced to the Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board (“Communiqué No. 2010/4”). With this article, it is aimed to summarize these latest amendments in the Communiqué No. 2010/4.
The First Settlement Decision in Turkey at A Glance: Philips et al. Case
The implementation of the settlement mechanism by the Turkish Competition Authority (“TCA”) is becoming more and more common every day ever since the Regulation on the Settlement Procedure for Investigations on Anticompetitive Agreements, Concerted Practices, Decisions and Abuse of Dominant Position (“Settlement Regulation”) entered into force on July 15, 2021. It is evident that the …
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Fintech in Turkey: Regulation & Competition Law Update
A lot has changed in the outlook of fintech regulatory ecosystem since the last four months in Turkey. Starting from Central Bank’s Regulation on Payment Services and Electronic Money and Payment Service Providers; Turkish Competition Authority, with its game-changing Report on Financial Technologies in Payment Services, and Banking Regulation and Supervision Agency (“BRSA”), issuer of …
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