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  • Article

    A Milestone In The Turkish Banking System: Draft Regulation On The Operating Principles Of Digital Banks And Banking As A Service Model

    The BRSA announced on August 19, 2021 the draft regulation which comprises the operating principles and procedures planned to be introduced for (i) digital banks and (ii) banking as a service model.
    TurkeyFinance and Banking
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Developments in the Healthcare Industry: Introducing the Draft Regulation on the Registration, Traceability and Tracking of Medical Devices

    On 16 June 2017, the Turkish Medicine and Medical Device Institution ("Institution") published the Draft Regulation on the Registration, Traceability and Tracking of Medical Devices ("Draft Regulation") on its website.
    TurkeyFood, Drugs, Healthcare, Life Sciences
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Significance Of Proof Of Use In Trademark Oppositions Under Turkish Law

    The Industrial Property Law with Number 6769 ("IP Law") has been published in the Official Gazette of January 10, 2017, introducing several changes to the Turkish trademarks law.
    TurkeyIntellectual Property
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Possible Outcomes Of Non-Compliance With Obligation To Appoint And Name A Representative Per Law No. 5651

    The Law No. 7253 on the Amendment to the Law on Regulation of Broadcasts via Internet and Prevention of Crimes Committed through Such Broadcasts...
    TurkeyMedia, Telecoms, IT, Entertainment
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    The Technical and Organizational Measures Set Forth under Turkish Data Protection Law in Light of the Data Protection Board's Recent Principle Decision

    The Personal Data Protection Board ("Board") published a principle decision (No. 2018/63) on the prevention of processing of personal data beyond its purpose ("Decision") in the Official Gazette of July 4, 2018
    TurkeyPrivacy
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Coordination Effects: Global Relations Between The Parent Companies Under Review

    Under the Turkish merger control regime, a specific section in the notification form aims to collect information to assess whether the joint venture will lead to coordination.
    TurkeyAntitrust/Competition Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    The Board Conditionally Clears A Horizontal Transaction In The Online Comparative Ticket Sales Market

    The Turkish Competition Authority (the "Authority") published its Obilet/Biletal decision where it conditionally approved the acquisition of Biletal İç ve Dış Ticaret A.Ş.'s ("Biletal") sole control...
    TurkeyAntitrust/Competition Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    The Turkish Competition Authority Gears Up To Raise The Jurisdictional Turnover Thresholds And To Introduce Specific Rules To Catch Killer Acquisitions Among Other Things

    Communiqué No. 2022/2 on the Amendment of Communiqué No. 2010/4 on the Mergers and Acquisitions Subject to the Approval of the Competition Board has been published on the Official Gazette on March 4, 2022 ...
    TurkeyAntitrust/Competition Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    An Overview Of The Long-Awaited Regulation On Retail Trade

    After a long legislation period, the Regulation on Principles and Rules Applicable to Retail Business, regulated as a secondary legislation to the Law on Regulation of Retail Trade, has been published on the Official Gazette on August 6, 2016 and entered into force as of its publication. . . .
    TurkeyCorporate/Commercial Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Disclosure Requirement: The Keystone Of Creating A Fair And Reliable Market

    It is essential for investors to gain reliable information from publicly-held companies in order to make any sound investment decision.
    TurkeyCorporate/Commercial Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    How To Replace The Independent Auditor?

    Under Turkish laws, companies that are subject to independent audit are determined based on certain criteria set forth by the legislators...
    TurkeyCorporate/Commercial Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    New Requirement To Register Bearer Shares With The Central Registry Agency

    In line with the Law No. 7262 on Preventing the Proliferation of Financing Weapons of Mass Destruction ("Law No. 7262"), some of the provisions stipulated under the Turkish Commercial Code No. 6102 ("TCC") were amended.
    TurkeyCorporate/Commercial Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Shareholders' Borrowing From The Joint Stock Company And Vice Versa

    According to Turkish Commercial Code ("TCC"), some companies are defined as equity companies. Joint stock companies are one of these equity companies and are within the scope of...
    TurkeyCorporate/Commercial Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Special Purpose Acquisition Companies

    Unlike other countries, SPACs entered into Turkish legal system relatively late with the Communiqué on Common Principles Regarding Significant Transactions and Appraisal Right
    TurkeyCorporate/Commercial Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    How To Prevent Bribery: An Analysis Of The OECD Foreign Bribery Report

    A company engaging in corrupt behavior risks significant legal repercussions due in part to the regulatory and enforcement changes that occurred in the last few years.
    TurkeyCriminal Law
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Authorized Institutions Under Turkish Law

    This article addresses significant amendments and novelties introduced by the Communique.
    TurkeyFinance and Banking
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    New Regulation On Remote Customer Identification

    The Regulation on Remote Identification Methods to be used by Banks and the Establishment of Contractual Relationships in Electronic Media ("Regulation") was published in the Official Gazette dated April 1, 2021...
    TurkeyFinance and Banking
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Regulation On Sharing Of Secret Information

    Regulation on Sharing of Secret Information ("Regulation") issued by the Banking Regulation and Supervision Agency ("BRSA") has been published in the Official Gazette numbered 31501 and dated June 4, 2021...
    TurkeyFinance and Banking
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    The Banking Regulation And Supervision Agency Announces Restriction On Commercial Turkish Lira Loans For Corporate Borrowers

    The board of the Banking Regulation and Supervision Agency ("the Board") has announced macro-prudential measures over the course of this weekend, consisting of ...
    TurkeyFinance and Banking
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law
  • Article

    Towards A Sustainable Future Through Finance: Green Debt Instrument In Turkish Capital Markets

    The world is facing profound environmental challenges such as climate change and global warming. In response to the increasing environmental crisis, there has been a rising demand for sustainable financing solutions to finance the green projects.
    TurkeyFinance and Banking
    ELIG Gürkaynak Attorneys-at-Law
    ELIG Gürkaynak Attorneys-at-Law

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