Regulation on Generation and Use of TR QR Code in Payment Services has been Published
The Regulation on Generation and Use of TR QR Code in Payment Services (“Regulation”) prepared by the Central Bank of the Turkish Republic (“Bank”) has been published in the Official Gazette dated 21 August 2020 and numbered 31220, entering into force on the same date.The Regulation determines the procedures and principles for services fall into …
Ukrainian Code of Corporate Governance: new guidance for private companies
In the last five years, there has been a revolution in corporate governance in Ukraine. Starting with establishment of Supervisory boards in state – owned enterprises and ending with huge interest from private companies and all business owners; corporate governance has become a trend. Whether it is right or wrong, it is likely to continue. …
Continue reading “Ukrainian Code of Corporate Governance: new guidance for private companies”
Turkey Amends the Decision on State Aids in Investment
The Decision Amending the Decision on State Aids in Investment amends (“Amendment Decision”) the Decision on State Aids in Investment mainly with the purposes of supporting environmental responsibility in production and high technology investment by considering the investors’ needs. The Amendment Decision has been published in the Official Gazette dated 21 August 2020 and numbered …
Continue reading “Turkey Amends the Decision on State Aids in Investment”
Turkey Announces the Regulation on Sale of Refurbished Products
The Regulation on Sale of Refurbished Products (“Regulation”) introduced by Turkey’s Ministry of Trade was published in the Official Gazette dated 22 August 2020 and numbered 31221 and entered into effect on the same day. The Regulation aims to regulate the procedures and principles pertaining to re-sale of used goods by refurbishing.
Turkey Introduced Significant Amendments to the Code of Civil Procedure
The Law numbered 7251 on the Amendments to the Code of Civil Procedure and Certain Laws (“Amendment Law”) was published in the Official Gazette dated 28 July 2020 and numbered 31199 and entered into effect on the same day.
WIPO Launched “WIPO PROOF”, A Trusted Digital Evidence Service to Safeguard Digital Assets
The ever-changing digital world, on one hand, creates a great number of digital data pertaining to innovative and creative ideas, but on the other hand raises questions on misuse and infringement of these.
Tax reform 2020: How to prepare for the change
The majority of the latest tax changes in Ukraine are based on the best tax experience throughout the world, especially on the BEPS Plan which Ukraine undertakes to implement. The Tax reform prescribes novelties to transfer pricing rules; new rules for preventing from double tax treaties abuse; new rules for preventing from avoidance of the …
Continue reading “Tax reform 2020: How to prepare for the change”
Is there still any future for renewable energy in Ukraine?
In the summer of 2020, Ukraine’s renewable energy market underwent another string of changes, this time mainly because of the “green” tariff reduction. After more than six months of negotiations, “green” energy investors and the government managed to reach some consensus on how to protect the market against the default of the State Enterprise Guaranteed …
Continue reading “Is there still any future for renewable energy in Ukraine?”
Turkey’s Board of Advertisement Rendered a Decision in which It Classified Certain Personal Social
In the meeting held in July, the Ministry of Commerce’s Board of Advertisement (the “Board”) evaluated the posts regarding a food supplement that were shared on personal social media accounts of six people, within the scope of surreptitious advertising. The Board ruled the suspension of the advertisements and administrative fine to the advertiser company and …
Turkish Data Protection Board States that the Convention 108 is not sufficient per se for Data Trans
Turkey’s Data Protection Board (“Board”) imposed an administrative fine in the amount of TRY 900,000 on a data controller for transferring personal data abroad without having a valid legal basis. The data controller’s claim that Convention 108 is sufficient per se for data transfer abroad among the parties has been declined by the Turkish Data Protection Board.