Firm Profile > Erdem & Erdem Law Office > Istanbul, Turkey
Erdem & Erdem Law Office Offices
Ferko Signature, Büyükdere Caddesi
No. 175, Kat. 3
34394 Esentepe - Sisli, Istanbul
Turkey
Erdem & Erdem Law Office > The Legal 500 Rankings
Dispute resolution Tier 1
Erdem & Erdem Law Office is active in a varied mix of litigation, including cases arising from post-M&A disputes, breaches of contract, partnerships, joint ventures, real estate contracts, unfair competition and disagreements between shareholders. Another bedrock of the practice sees the firm handling domestic and international arbitration proceedings, which includes representing clients in ad hoc arbitral tribunals. The firm acts for clients in sectors such as energy, mining, manufacturing, transportation and telecoms, among others. Ercüment Erdem is a name to note in the group, which is jointly led by Suleyman Sevinc and Piraye Erdem.
Practice head(s):
Testimonials
‘The team is composed of associates and partners with sufficient legal competence, skill of legal analysis and communication regarding the services required of them’.
‘Süleyman Sevinç is a very experienced and competent professional’.
Banking, finance and capital markets Tier 2
Erdem & Erdem Law Office covers a wide range of banking transactions for clients, including those centred on construction finance, acquisition finance and project finance. Its team is also sought out for advice on debt and equity capital markets transactions; areas of expertise include high-yield debt, private placements, IPOs and derivatives transactions. Clients include corporate issuers, private equity funds and financial institutions. The team is jointly led by Ozgur Kocabasoglu and Ercüment Erdem.
Practice head(s):
Key clients
Akbank T.A.Ş.
Garanti Bankası A.Ş.
İş Bankası A.Ş.
Teknik Aluminyum
Yılport Holding
Trakya Cam Sanayi A.Ş.
Türkiye Şişe ve Cam Fabrikaları A.Ş. (Şişecam)
Paşabahçe Cam Sanayi ve Ticaret A.Ş.
MIP
China Pengfei Group
Competition Tier 3
Erdem & Erdem Law Office advises clients on European Union and Turkish competition law issues. The scope of its practice includes behavioural investigations, compliance programs, contracts and distributorship systems, and commercial regulation. It generates work from clients in sectors such as food and beverages, health, FMCG, retail, steel, construction and energy. Mert Karamustafaoglu, who was promoted to partner, jointly leads the team with Ercüment Erdem.
Practice head(s):
Testimonials
‘Their communication is strong and results oriented’.
‘A well-established team, often instructed by clients for competition investigations, and also knowledgeable in a broader spectrum of competition work’.
‘Erdem & Erdem is accessible, cost-effective and prompt’.
‘Mert Karamustafaoğlu is a former specialist at Turkish Competition Authority and provides insight knowledge of the Competition Authority and how its decisions are made’.
Key clients
Türkiye Şişe ve Cam Fabrikaları A.Ş. (Şişecam)
İş Bank (Türkiye İş Bankası) – Turkey’s largest bank
Çelik Motor Tic. A.Ş.
BMC – one of the largest commercial vehicle manufacturers in Turkey.
Ekol Logistics
Carrefoursa Carrefour Sabancı Ticaret Merkezi A.Ş.
Gemlik Gübre Sanayii A.Ş.
Trakya Cam Sanayii A.Ş.
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret A.Ş
Dorak Turizm ve Gayrimenkul Yatırımları A.Ş.
Le-Co Deri Turizm ve San. A.Ş.
Co DMC Turizm ve Ticaret Ltd. Şti.
Atmosfer Balonculuk Ticaret Turizm Ltd. Şti.
Gökyüzü Balonculuk Hizmetleri Taş. Tur. Tic. Ltd. Şti.
Kapadokya Balonculuk Turizm Ticaret Ltd. Şti.
Sultan Balonculuk Havacılık Tur. Rek. Ltd. Şti.
Şeref Turizm ve Tic. Ltd. Şti.
Akben Turizm Seyahat ve Tic. A.Ş.,
Stüdyo Turizm Taş. ve Tic. A.Ş.,
Deluks Turizm San. ve Tic. A.Ş.,
DLX Seyahat Acentalığı ve Tic. A.Ş.,
GNM Turizm Tic. Ltd. Şti.
Bankalararası Kart Merkezi
ASF Ses Işık ve Görüntü Sistemleri A.Ş.
Essity AB
Marmara Kağıt ve Ambalaj Sanayi ve Ticaret Anonim Şirketi
Guccio Gucci S.p.A.(Gucci)
Hugo Boss AG
Energy Tier 3
Erdem & Erdem Law Office advises on natural gas-, coal-, and oil-fired power plants, co-generation facilities, hydroelectric projects, and wind, solar and other renewable energy projects. Areas of expertise include negotiating and drafting EPCs, privatisation, renewables, PPPs and project financing. Ercüment Erdem and Özgür Kocabaşoğlu are the practice heads.
Practice head(s):
Key clients
Yıldırım Enerji Holding A.Ş.
Yıldırım Holding
Yılport Holding
Türkiye Şişe ve Cam Fabrikaları A.Ş. (Şişecam)
Trakya Cam
Aktor Arbiogaz JV
Project finance/projects Tier 3
Erdem & Erdem Consultancy Ltd's sector expertise includes renewable energy, heavy industries, infrastructure, construction, airports and seaports. Its varied portfolio of finance work includes project finance and Islamic finance transactions, as well as those involving syndicated credit facilities. Elsewhere, the team assists clients with the drafting and negotiation power and gas supply contracts and privatisations, among other matters. Clients include domestic and international credit providers, sponsors, joint venture partners and contractors. Ercüment Erdem jointly leads the team with Ozgur Kocabasoglu.
Practice head(s):
Testimonials
‘They know how to deal with problematic situations’.
Key clients
Yılport Holding
Yıldırım Holding
Aktor Arbiogoz JV
Türkiye Şişe ve Cam Fabrikaları A.Ş.
Paşabahçe Mağazaları A.Ş.
Acciona
Commercial, corporate and M&A Tier 4
Erdem & Erdem Law Office is a first port of call for many clients, including public and private companies, private equity firms, financial sponsors, investment banks and governmental entities. Jointly led by Ercüment Erdem and Özgür Kocabaşoğlu, the team handles M&A, cross-border transactions, business advisory work, inbound and outbound transactions, privatisations, exits, asset transfers and franchise agreements.
Practice head(s):
Testimonials
‘Timely response and professionalism’.
‘Thinking for the clients on how to save costs and doing things efficiently’.
‘Polite, friendly, detailed and reassuring working style’.
‘Tuna Colgar is very knowledgable about M&A practices, very responsive and smooth as a person to deal with’.
Key clients
Yıldırım Holding
Yılport Holding
Samsunspor
Polat Holding
BMC Otomotiv
Norm Civata Sanayi ve Tic. A.Ş./ Norm Holding
Türkiye Spastik Çocuklar Vakfı (pro bono)
Tohum Otizm Vakfı (pro bono)
Erdem & Erdem Law Office > Firm Profile
The firm:
Erdem&Erdem is an international law firm dedicated to providing practical business solutions to a diverse range of clients particularly in cross-border business transactions, M&As, corporate restructuring and governance, international contracts, corporate finance, project finance, energy/renewable energy, privatizations and PPPs, private equity investments, capital markets, competition and antitrust, litigation (execution and bankruptcy) and international arbitration.
Erdem&Erdem has a team of 50 fee-earners with specializations in line with the firm’s growing reputation and diversified practice areas.
Areas of practice:
International Transactions, M&As & Private Equity
The firm advises public and private companies, private equity firms, financial sponsors, investment banks, governmental entities in a variety of complex, cross-border and strategic transactions including structuring and organizing fund sponsors and investment funds, executing acquisitions, financing and exit transactions.
Competition & Antitrust
The firm has a strong record of successful representation of the largest regulated and networked companies in Turkey, Europe, Asia, and the CIS and advisory in competition regulations.
Banking & Finance
The firm advises corporate borrowers, private equity funds, financial advisers, commercial banks, investment banks in construction and acquisition finance and refinance, project finance, banking and capital market transactions, including issuances of high-yield debt security, secured and unsecured debt offerings and private placements.
Privatization
The firm represents foreign and local clients in privatization projects in Turkey, Western Europe and Southeast Asia. Its clients encompass refinery, port, airport, energy, healthcare, real estate, consumer goods, natural resources, and infrastructure and construction industries, also banks and financial institutions.
International Contracts, Agency & Distributorship
The firm has decades of diverse experience in the field of international contracts. Team members are known for their in-depth know-how and extensive experience in drafting and negotiating all types of commercial contracts, such as agency, franchise, supply and distribution and commission arrangements, foreign representative and consultancy agreements.
Energy & Renewables
The energy sector experience includes natural gas, coal and oil-fired power plants, co-generation facilities, agricultural and municipal solid waste projects, hydroelectric projects, and wind, solar and other renewable energy facilities.
Real Estate & Construction
The firm represents investors, developers, owners, lenders, prime contractors, REITs, PPPs, subcontractors, architects, port management authorities, airlines and energy utility companies involved in the construction and development of manufacturing, distribution and operational facilities in real estate finance, joint venture, leasing, acquisition and disposition of real estate assets.
Capital Markets & Corporate Governance: the firm provides innovative solutions to a wide variety of capital raisings and compliance and governance issues the clients face in Turkey and abroad.
International Arbitration
The firm’s arbitration practice is among its most prominent field of work. The team handles commercial and treaty dispute cases under the rules of every major arbitration system and in a wide variety of industries, including energy, mining, manufacturing, transportation, telecommunications, construction, finance, manufacturing and sports arising in Western Europe, Asia, Africa, Middle East and the CIS.
Litigation & Bankruptcy
The hallmark of the litigation team is the experience of the lawyers who have been involved in litigation in almost every major practice, including M&As and post-closing disputes, insurance, transportation, breach of contract, partnership and joint venture disputes, real estate contracts, unfair competition, franchise and distributor disputes, government contracts, shareholders disputes.
Maritime Law
The firm regularly represents clients in trials and appeals of admiralty and maritime matters. Their team handles and provides efficient resolution to maritime insurance and liability claims and other transportation matters in international or coastal trade. Erdem&Erdem has been involved in both prosecuting and defending transportation claims involving marine carriers.
Aviation
The firm regularly counsels airlines, airport authorities and other aviation industry clients in civil aviation regulation and enforcement, aircraft finance, engine and aircraft leasing, competition law and antitrust, mergers and alliances, aircraft acquisition and disposition, airport terminal construction and expansion projects, as well as aviation company reorganization, and restructuring issues.
Hospitality & Leisure
The team is often engaged by foreign and local clients to provide support in all aspects of the development, acquisition, sale, financing, franchising, leasing and operation of hospitality and leisure assets that include hotels, resorts, theme parks, entertainment and sport complexes and convention centers that are abroad and in Turkey.
Intellectual Property
The firm advises clients in telecommunications, Internet, advertising, and media who develop and license intellectual property, enter into transactions involving intellectual property, acquire portfolios of intellectual property, and make strategic decisions that are based on such considerations.
Tax Law
Taking into account the fact that every commercial transaction comes with tax implications, we provide our clients with tax advisory and tax litigation services.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
M&A and private equity | Prof Dr Halil Ercüment Erdem | ||
M&A and private equity | Özgür Kocabasoglu | ||
M&A and private equity | Tuna Çolgar | ||
Competition and antitrust | Prof Dr Halil Ercüment Erdem | ||
Competition and antitrust | Mert Karamustafaoglu | ||
Banking, project finance and PPPs | Prof Dr Halil Ercüment Erdem | ||
Banking, project finance and PPPs | Özgür Kocabasoglu | ||
Banking, project finance and PPPs | Nezihe Boran | ||
Privatisation | Prof Dr Halil Ercüment Erdem | ||
Privatisation | Özgür Kocabasoglu | ||
Privatisation | Süleyman Sevinç | ||
International contracts, agency and distributorships | Prof Dr Halil Ercüment Erdem | ||
International contracts, agency and distributorships | Tuna Çolgar | ||
Energy and renewables | Tuna Çolgar | ||
Energy and renewables | Mert Karamustafaoğlu | ||
Real estate and construction | Tuna Çolgar | ||
Real estate and construction | Süleyman Sevinç | ||
Capital markets and corporate governance | Prof Dr Halil Ercüment Erdem | ||
Capital markets and corporate governance | Özgür Kocabasoglu | ||
Capital markets and corporate governance | Nezihe Boran | ||
International arbitration | Prof Dr Halil Ercüment Erdem | ||
International arbitration | Piraye Erdem | ||
International arbitration | Süleyman Sevinç | ||
Litigation and bankruptcy | Piraye Erdem | ||
Litigation and bankruptcy | Süleyman Sevinç | ||
Litigation and bankruptcy | Alper Uzun | ||
Maritime | Süleyman Sevinç | ||
Aviation | Özgür Kocabasoglu | ||
Hospitality and leisure | Tuna Çolgar | ||
Intellectual property | Özgür Kocabasoglu | ||
Compliance | Mert Karamustafaoğlu | ||
Personal Data Protection | Mert Karamustafaoğlu | ||
Tax Law | Canan Doksat | ||
Labor Law and mediation | Alper Uzun |
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
![]() |
Mr Tuna Colgar | Tuna Çolgar is a Partner in Corporate Affairs Department of Erdem &… | View Profile |
![]() |
Prof Dr Halil Ercument Erdem | Ercument Erdem is the Founder and Senior Partner of Erdem & Erdem… | View Profile |
![]() |
Mrs Piraye Erdem | Piraye Erdem is the Founder and Managing Partner of Erdem & Erdem.… | View Profile |
![]() |
Mr Mert Karamustafaoglu | Mert Karamustafaoglu is Partner and Competition and Compliance Leader in Erdem&Erdem. He… | View Profile |
![]() |
Mr Ozgur Kocabasoglu | Özgür Kocabaşoğlu is a Partner and the Head of Corporate of Erdem… | View Profile |
![]() |
Mr Suleyman Sevinc | Suleyman Sevinc is Partner and Head of Dispute Resolution Department of Erdem… | View Profile |
Staff Figures
Number of lawyers : 31 at this office : 28Languages
English French German TurkishMemberships
TerraLex TAGLawOther
Contacts : Prof Dr H Ercüment Erdem Contacts : Piraye Erdem Other office : IzmirPress Releases
Anadolu Cam, Denizli Cam, Paşabahçe, Soda Sanayii and Trakya Cam were Merged Under Şişecam
22nd October 2020 Five companies of the Şişecam Group, four of which are publicly held, namely Anadolu Cam, Denizli Cam, Paşabahçe, Soda Sanayii and Trakya Cam have merged under Şişecam and the transaction was completed as of September 30, 2020. Erdem & Erdem is proud to represent Şişecam in this merger transaction which is the biggest merger in Turkish capital markets.Legal Developments
Mert Karamustafaoglu has been promoted as Partner and Competition & Compliance Leader
6th March 2019We are very proud of announcing that Mert Karamustafaoglu has been promoted as Partner and Competition & Compliance Leader, as of January 1, 2019.
Nezihe Boran Demir has been promoted as Managing Associate
6th March 2019We are very proud of announcing that Nezihe Boran Demir has been promoted as Managing Associate, as of January 1, 2019.
Transfer of Türk Telekom Shares owned by OTAS is completed
6th March 2019Within the scope of the restructuring of the loans obtained by Ojer Telekomünikasyon A.Ş. (OTAŞ) in 2013 and 2014, the transfer of the shares owned by OTAŞ, representing 55% of Türk Telekomünikasyon A.Ş.’s (Türk Telekom) issued share capital by a special purpose vehicle incorporated directly or indirectly by the creditors was completed on 21st of December, 2018.
Arrest of Ships under Turkish Law
7th January 2019The general principles on maritime enforcement are set out in Turkish Commercial Code ("TCC") numbered 6102. On the other hand, Turkey has ratified the International Convention on Maritime Liens and Mortgages, signed in Geneva on 6 May 1993 and the International Convention on the Arrest of Ships, signed in Geneva on 12 March 1999 and both conventions have been come into force on 25 March 2017. The provisions of these two conventions have already been taken into consideration by the drafting committee of the code, and the relevant provisions have been incorporated into the TCC in preparing the same. This newsletter reviews the principles and provisions stipulated in the TCC for the arrest of ships.
Decision of the Court of Cassation General Assembly on the Unification of Judgments holding that an
7th January 2019In civil procedural law, a ban on the expansion and alteration of a claim and defense comes with two exceptions; the other party's consent, and "the amendment". The parties may completely or partially amend their proceedings prior to the end of the investigation phase. Provided that the legal requirements are fulfilled, an amendment may be filed without the consent of the other party or the court, since it is a unilateral and express declaration of will directed at the court 1. For instance, the parties may amend the value of the claim, or claim compensation, instead of payment in kind for defective goods.
Share Pledges in Joint Stock Companies
7th January 2019Share pledges in joint stock companies are not specially regulated under the Turkish Commercial Code ("TCC"). Therefore, the provisions of the Turkish Civil Code that regulate the general rule regarding pledges, shall apply. Under Turkish Civil Code Article 954, transferable receivables and other rights may be subject to pledge. The pledge established on a share in joint stock companies is a "pledge right established on the right." A pledge is established on shareholding rights. A pledge on receivables and rights is subject to the principles of movable pledges. (Turkish Civil Code Article 954/2).
Opinion of the Court of Cassation on the Contention of Expert Opinion and Expert Report
7th January 2019The notion of Expert Opinion, which entered into our law through the Code of Civil Procedure ("CCP"), has been a frequently resorted to method of helping to resolve disputes by the parties in our judicial system over the course of time...
Updated FIDIC Contracts
3rd January 2019International Federation of Consulting Engineers that is known by the abbreviation of FIDIC (Fédération Internationale Des Ingénieurs-Counseils) launched updated Red Book (the Conditions of Contract for Works of Civil Engineering Construction), Yellow Book (the Conditions of Contract for Plant and Design-Build)) and Silver Book (the Conditions of Contract for EPC/Turnkey Projects) in the "International Contract Users Conference," organized in London in December of 2017...
Recent Developments in the Right of Access to Files
3rd January 2019The parties of an investigation that is conducted in accordance with the Act on the Protection of Competition No. 4054 ("Competition Act") may enjoy the right to access the files concerning them that are drawn up by the Competition Authority ("Authority"). The procedures and principles related to use of this right are regulated via Communique on the Rules for Access to Files and the Protection of Trade Secrets No. 2010/3 ("Communiqué"). For the parties, it is very important to exercise their right to access to files properly, since the relevant right has a direct correlation to their right to defense. Therefore, this article focuses on the discussions that may rise during the exercise of the right to access the files in light of the recent Competition Board ("Board") decisions...
The General Data Protection Regulation in Force
3rd January 2019The General Data Protection Regulation ("GDPR" or "Regulation")1 that was approved by the European Union ("EU") Parliament and entered into force in 2016 has started to be applied as of May 25, 2018. The GDPR lays down rules relating to the protection of natural persons ("data subjects") with regard to the processing of personal data, and rules relating to the free movement of personal data. With this Regulation, it is intended to protect the privacy of the data subjects more strictly, and to reorganize data privacy laws across Europe. Also, it is worth to note that, international companies, as well as Turkish companies, are under the obligation to comply with the GDPR, provided that their activities fall under the scope of the GDPR.
Scope of the GDPR...
General Information on Registration to the Data Controllers Registry and the Decision of the Persona
3rd January 2019Law on the Personal Data Protection numbered 6698 ("Law") was accepted on 24 March 2016 and entered into force, except for certain articles that are reserved, through publication in the Official Gazette dated 7 April 2016 and numbered 29677...
Amendment of ICSID Rules and Regulations
10th October 2018At 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.
Amendments Introduced through Law No. 7101 on Arbitration Proceedings
10th October 2018State 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.
Trust Liability in terms of Groups of Companies
4th October 2018Article 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
4th October 2018Trademarks 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.
Recent Developments on the Enforcement and Bankruptcy Law and Concordat
28th September 2018Introduction
A significant part of the
recent legislative amendments to improve the investment environment are made to
Enforcement and Bankruptcy Law (“EBL”) numbered 2004. The amendments made
within the scope of Law numbered 7101 on the Amendments in Enforcement and
Bankruptcy Law and Certain Laws[i] (“Law
numbered 7101”) and the Law numbered 7078 on the Ratification of the Statutory
Decree on Certain Regulations within the Scope of State of Emergency with
Alterations[ii] (“Law
numbered 7078”) shall be addressed.
[i] Official Gazette (OG), No. 30361, March 15, 2018.
[ii] OG, No. 30354, March 8, 2018 (bis).
Regulatory Approaches to Crowdfunding in European Union
28th September 2018Introduction
Crowdfunding has finally entered into Turkish legislation through Omnibus Law no. 7061 dated 5 December 2017, by way of amending certain provisions of Capital Market Law numbered 6362. Although the amendments cover the mainframe of crowdfunding in a very basic form, detailed secondary legislations and policies are needed to implement crowdfunding as a successful system. In anticipation of the secondary legislation it would be beneficial to look at the regulatory approaches to crowdfunding within European Union (EU) Member States and United Kingdom (UK).
Challenging Arbitrators and LCIA Challenge Decisions
28th September 2018Introduction
It is essential that all arbitrators are and remain, independent and impartial throughout the arbitration. Almost all institutional rules contain a provision requiring arbitrators to be impartial and independent. Examples include Article 14 of the ICC Rules where “lack of impartiality or independence” is a ground for challenging the arbitrators and Article 10 of the LCIA Rules and Article 12 of the UNCITRAL Arbitration Rules where “justifiable doubts as to the arbitrator's impartiality or independence” is foreseen as a valid ground for challenge. Other grounds for challenge include arbitrators acting contrary to the arbitration agreement and the arbitrator’s qualifications.
Management of Information Systems
28th September 2018Introduction
As stated under Article 128 of Capital Markets Law No. 6362[i] (“Capital Markets Law”), one of the duties of the Capital Markets Board (“CMB”), among others, is to determine the procedures and principles for the supervision and operation of the management of the information systems of capital markets institutions, publicly held companies, stock exchanges and self-regulatory establishments. To this end, based on the provisions of the Capital Markets Law, Communiqué on the Management of the Information Systems (VII-128.9) (“Management Communiqué”), together with the Communiqué on the Independent Auditing of Information Systems (III-62.2) (“Auditing Communiqué,” Management Communiqué, and the Auditing Communiqué, shall collectively be referred to as the “Communiqués”) have been published in the Official Gazette dated 5 January 2018 and numbered 30292. Both the Management Communiqué and the Auditing Communiqué have entered into force with their publication in the Official Gazette. While the procedures and principals applicable to the management of the information systems for the listed establishments therein are determined under the Management Communiqué, independent auditing of information systems is further regulated under the Auditing Communiqué. This article will mainly focus on the scope of the Management Communiqué, innovations introduced thereunder, especially the obligation to keep the systems in the Republic of Turkey and, finally, the sanctions.
[i] Capital Market Law numbered 6362, OG, No. 28513, December 30, 2012.
MiFID II and its Eventual Impacts on Turkey
28th September 2018The financial crisis of 2007–2008, which is considered by many economists to have been the worst since the Great Depression of the 1930s, has exposed weaknesses in the transparency of the financial markets. In order to restore investor confidence, strengthen transparency, and improve the functioning of the internal market for financial instruments, the European Union (“EU”) has started to draft a new regulatory framework for financial markets following the financial crisis. After seven years in the making, the Markets in Financial Instruments Directive II 2014/65/EU, and Markets in Financial Instruments Regulation 600/2014 (hereinafter together referred to as the “MiFID II”) entered into force on January 3, 2018.
As outlined, above, the new legislation includes both a directive and a regulation. While the regulation has a direct effect within the EU, the directive is to be applied by the member states in national law where there may be national discretion. This article aims to focus on the key aspects of the MiFID II and its eventual impact on third country firms i.e. on Turkey.
Canan Doksat has joined Erdem & Erdem as Tax Counsel
27th September 2018We are proud to announce that Canan Doksat joined Erdem & Erdem as Tax Counsel. Canan Doksat graduated from Koç University Faculty of Law in 2010. She continues her LL.M at the dissertation stage in Istanbul Bilgi University. She started her working life in 2010 at EY Turkey and worked as Manager in the department of Tax and Law.