ArticleThe Turkish Competition Board Fines Sony Turkey For Resale Price Maintenance On Online Sales ChannelsSony Turkey is a Turkish subsidiary of Sony Corporation and is active in consumer electronics. TurkeyAntitrust/Competition LawELIG Gürkaynak Attorneys-at-Law
ArticleThe Turkish Competition Board Imposed an Administrative Fine on Çekok Gıda for Hindering an On-Site InspectionThe Authority has recently published the Board's reasoned decision in the Çekok Gıda case (dated 03.07.2017, and numbered 17-20/318-140) regarding its ex-officio preliminary investigation based on the allegations that eight undertakings had violated Articles 4 and 6 of the Law No. 4054 by (i) concluding agreements between the relevant undertakings and ..TurkeyAntitrust/Competition LawELIG Gürkaynak Attorneys-at-Law
ArticleThe Turkish Competition Board Once Again Looks Into The Matter Of Export Bans In Turkey And The Geographic Scope Of Their Own JurisdictionTherefore, in order to be able to supply Novartis products to its customers, Çınar attempted to purchase Novartis products from other pharmaceutical warehouses. TurkeyAntitrust/Competition LawELIG Gürkaynak Attorneys-at-Law
ArticleThe Turkish Competition Board Refuses to Grant Individual Exemption to the Exclusivity Agreement for a Key DrugDaiichi Sankyo İlaç Ticaret Ltd. Şti. ("Daiichi"), a globally active company in the distribution, sale, marketing and importation of pharmaceutical products, and Aksel Ecza Deposu A.Ş. ("Aksel"), a drug wholesaler, entered into a vertical exclusivity agreement ("Agreement"). TurkeyAntitrust/Competition LawELIG Gürkaynak Attorneys-at-Law
ArticleDigitalization In Turkish Corporate Law PracticeIn Turkey, digitalization in corporate law practice has been significantly and gradually increasing in the last few years. TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleGranting Limited Signature Powers In Joint-Stock Companies Through Signatory DirectiveA joint-stock company is managed and represented by its board of directors as the compulsory legal management organ of the company. TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleRights of Minority Shareholders in Joint Stock CompaniesThe "minority shareholder" is defined under Article 411 of the Turkish Commercial Code No. 6102 ("TCC") as the shareholders represent at least 10% of the share capital in joint stock companies and 5% in public joint stock companies. TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleSignificant Amendments Made To The Turkish Commercial Code In The Second Quarter Of 2024The Law Amending the Turkish Commercial Code and Other Laws numbered 7511 was published in the Official Gazette on May 29, 2024 and it has introduced significant changes and novelties in terms of the Turkish Commercial Code No. 6102 and Turkish corporate law practice. TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleMitigating Anti-Corruption Risks In Emerging MarketsMultinational companies are more aware of the consequences of corrupt behavior than ever. TurkeyCriminal LawELIG Gürkaynak Attorneys-at-Law
ArticleRecent Changes In The Labor Law And Turkish Labor Institution LawLaw on Amendment of the Labor Law and the Turkish Labor Institution Law (the "Amendment Law") was published in the Official Gazette dated May 20th, 2016 and No. 29717 and came into force as of its publication date.TurkeyEmployment and HRELIG Gürkaynak Attorneys-at-Law
ArticleChanges To The Communiqué On Bank Fees Chargeable To Business CustomersIn this article, we will focus on the changes to the bank fees chargeable to business customers introduced through amendments to the Communiqué. TurkeyFinance and BankingELIG Gürkaynak Attorneys-at-Law
ArticleNew Alternative To Project Funding: Project Finance Funds"Project finance fund" and "project-based security" are new and innovative concepts for Turkish capital markets. TurkeyFinance and BankingELIG Gürkaynak Attorneys-at-Law
ArticleSignificant Amendments Recently Introduced By Borsa Istanbul On The Listing DirectiveBorsa Istanbul A.Ş. ("BIST") has introduced a number of significant amendments on the Listing Directive on July 31, 2017.TurkeyFinance and BankingELIG Gürkaynak Attorneys-at-Law
ArticleThe High Court Of Appeals Recognizes Potential Damage As A Basis For Pecuniary Compensation In Trademark DisputesTrademarks have an important role in protecting the identity, reputation, and commercial value of goods and services. TurkeyIntellectual PropertyELIG Gürkaynak Attorneys-at-Law
ArticleScope Of Notification Via Electronic Means Has Been Recently ExpandedNotifications served via electronic means have been part of Turkish law since the introduction of Article 7/A of the Notification Law No. 7201 in 2011.TurkeyLitigation, Mediation & ArbitrationELIG Gürkaynak Attorneys-at-Law
ArticleThe New Dispute Resolution Method For Commercial Disputes: Mandatory MediationThe Law on the Procedure for Initiating Execution Proceedings based on Monetary Receivables Arising out of Subscription Agreements was published in the Official Gazette on December 19, 2018. TurkeyLitigation, Mediation & ArbitrationELIG Gürkaynak Attorneys-at-Law
ArticleTurkey Abandons Comparative AdvertisementsIt should be noted that unfair competition is regulated under the Turkish Commercial Code in an extensive and open-ended manner. TurkeyMedia, Telecoms, IT, EntertainmentELIG Gürkaynak Attorneys-at-Law
ArticleThe Board Of The Unification Of Case Laws Of The High Court Of Appeals Rules That Acquisition Of Bona Fide Third Parties From Contractor Must Be Protected In Accordance With The Principle Of Trust In The Land RegistryConstruction agreements in return for land shares are a common practice whereby landowners obtain completed buildings without incurring additional costs while contractors finance...TurkeyReal Estate and ConstructionELIG Gürkaynak Attorneys-at-Law
ArticleDividend Right CertificatesTurkish Commercial Code No. 6102 sets forth that in accordance with the articles of association or by changing the articles of association, general assembly of shareholders of a joint stock company may decide to issue dividend right certificates ...TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleMediation Process Became Mandatory For Disputes Related To Consumer LawAs a part of the Turkish Judicial Reform, the Law Amending the Civil Procedure Law and Certain Laws No. 7251 is published in the Turkish Official Gazette on July 28, 2020. TurkeyMedia, Telecoms, IT, EntertainmentELIG Gürkaynak Attorneys-at-Law