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  • Article

    European Commission – SAP's Commitments Made Legally Binding

    The European Commission has issued a commitment decision addressing SAP's practices in the aftermarket for maintenance and support services for its on-premises ERP software. Following preliminary findings that SAP may have abused its dominant position through restrictive contract terms and fees, the company has agreed to implement global changes allowing customers greater flexibility in choosing maintenance providers and modifying contract terms. These legally binding commitments will remain in effect for 1
    European UnionAntitrust/Competition Law
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Court Of Justice Of The European Union – Annulment Of The European Commission Illumina Grail Decision

    The Court of Justice of the European Union (‘Court') annulled European Commission's (‘Commission') decision concluding that it had no legal grounds to review and ultimately prohibit Illumina...
    European UnionCorporate/Commercial Law
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Hollanda Rekabet Otoritesi Asogem'in Arçelik Tarafindan Devralinmasi İşlemini Onayladi

    Hollanda rekabet otoritesi Authority for Consumers & Markets (ACM), Arçelik A.Ş.'nin bağlı iştiraki Ardutch B.V. aracılığıyla Asogem N.V.'yi devralması işlemini onaylamıştır.
    TurkeyAntitrust/Competition Law
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Turkish Competition Authority – Commitment-based Settlement Of The Coca-cola Sales And Distribution Investigation

    The Turkish Competition Authority has accepted binding commitments from Coca-Cola Satış ve Dağıtım AŞ to address concerns about exclusivity practices...
    TurkeyAntitrust/Competition Law
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Communique On The Electronic Maintenance Of Commercial Books Not Related To Business Accounting

    Pursuant to article 5(1)(a) of the Communique on the Electronic Maintenance of Commercial Books Not Related to Business Accounting ("Communique")...
    TurkeyCorporate/Commercial Law
    KST LAW
    KST LAW
  • Article

    Extension Of The Deadline Regarding Amendments To The Communiqué With Respect To Capital Loss And Negative Equity

    The Communiqué (the "Amending Communiqué") published in the Official Gazette on November 8, 2022, extended the deadline provided under Provisional Article 1 of the Communiqué on the Procedures and Principles Regarding Implementation of Article 376 of the Turkish Commercial Code No. 6101 (the "Implementation Communiqué").
    TurkeyCorporate/Commercial Law
    Gün + Partners
    Gün + Partners
  • Article

    Latest Extension Of The Period Under Article 376 Of The Turkish Commercial Code

    Communiqué on the Procedures and Principles of the Implementation of Article 376 of Turkish Commercial Code numbered 6102 ("TCC") ("Communiqué") had been published...
    TurkeyCorporate/Commercial Law
    Acar & Ergönen Attorney Partnership
    Acar & Ergönen Attorney Partnership
  • Article

    Minimum Share Capital Requirements Have Been Amended

    In accordance with the presidential decision, which was published on 25 November 2023, and the rectification letter, which was published on 26 November 2023...
    TurkeyCorporate/Commercial Law
    Kolcuoglu Demirkan Koçakli
    Kolcuoglu Demirkan Koçakli
  • Article

    SSI Transfer Transactions Can Be Sent To SSI Directorates Electronically

    Within the SSI general letters dated January 4, 2019, numbered 239234 and dated May 3, 2021, numbered 24641420...
    TurkeyCorporate/Commercial Law
    CottGroup
    CottGroup
  • Article

    The Communiqué On The Redetermination Of Minimum Equity Amounts Of Payment And Electronic Money Institutions Was Published In The Official Gazette On 27 January 2024.

    The Central Bank of the Republic of Turkey ("CBRT") issued the Communiqué on the Redetermination of the Minimum Equity Amount of Payment and Electronic Money Institutions...
    TurkeyCorporate/Commercial Law
    SRP Legal
    SRP Legal
  • Article

    The Notarization Requirement Has Been Abolished For Companies Transitioning To The Electronic Commercial Ledger System

    Pursuant to the notification of the Directorate General of Domestic Trade of the Ministry of Trade, titled "General Assembly and Board of Directors/Directors Resolutions Submitted in Registration Applications," ...
    TurkeyCorporate/Commercial Law
    LBF Partners
    LBF Partners
  • Article

    The U.S. Federal Trade Commission – Federal Trade Commission And Department Of Justice's 2023 Merger Guidelines Coming Into Force

    The Chairman of the Federal Trade Commission ("FTC") announced that the FTC and the Department of Justice's joint 2023 Merger Guidelines have become effective and will act as the framework...
    TurkeyCorporate/Commercial Law
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Announcement From The Capital Markets Board Of Türkiye (Spk) On Draft Information Forms For Crowdfunding

    Pursuant to Article 35/A of the Capital Markets Law No. 6362 and Communiqué III-35/A.2 on Crowdfunding...
    TurkeyFinance and Banking
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    Beginning Of Digital Era In CMB Applications!

    Capital Markets Board ("CMB"), is embarking on a digital era in its application procedures, aiming to shorten the processing time for applications...
    TurkeyFinance and Banking
    KECOS
    KECOS
  • Article

    BRSA's Latest Loan Restrictions

    Banking Regulation and Supervision Agency with its decision dated 21.10.2022 and numbered 10389, has expanded the restrictions in relation to the commercial cash loans utilized by companies subject to independent audit...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA Facilitates Buybacks Of BIST Banks

    With its resolution numbered i-SPK.22.9 (dated 19 March 2025 and numbered 16/531) and the announcement made pursuant to the resolution dated 23 March 2025 and numbered 18/574.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    The Application Period Of The Exceptions As To Calculation Of Foreign Exchange Losses Has Been Extended Until 1 January 2027

    The Communiqué Amending the Communiqué on the Procedures and Principles Regarding the Application of Article 376 of the Turkish Commercial Code No. 6102 ("TCC") ("Amendment Communiqué")...
    TurkeyFinance and Banking
    Moroglu Arseven
    Moroglu Arseven
  • Article

    Turkish Lira Borrowing Restrictions Lifted

    With its decision dated 6 February 2025 and numbered 11145 (the "New Decision"), the Banking Regulatory and Supervisory Authority repealed its decisions dated 24 June 2022 and numbered 10250...
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    European Commission – Antitrust Guidance Issued On Joint Licensing Negotiations In The Automotive Sector

    The European Commission ("Commission") has published an informal guidance letter assessing the compatibility of a proposal by the Automotive Licensing Negotiation Group ("ALNG") with EU competition rules.
    TurkeyIntellectual Property
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
  • Article

    U.S. Federal Trade Commission – Preventing Coordinated Effects In The Global Advertising Merger

    The U.S. Federal Trade Commission ("FTC") has accepted the proposed consent order resolving concerns related to the acquisition of The Interpublic Group of Companies Inc. ("IPG") by Omnicom Group Inc. ("Omnicom").
    TurkeyMedia, Telecoms, IT, Entertainment
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership

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