Article2018 FCPA Enforcement Actions And HighlightsIn April 2018, the DOJ closed its investigation with regard to the Insurance Corporation of Barbados Limited TurkeyGovernment, Public SectorELIG Gürkaynak Attorneys-at-Law
ArticlePublic Companies: How To Deal With Capital Losses And Technical BankruptciesAs per Article 376/1 of the TCC and Article 6 of the Communiqué on Article 376, possible remedies are not numerus clausus.TurkeyInsolvency/Bankruptcy/Re-StructuringELIG Gürkaynak Attorneys-at-Law
ArticleIntellectual Property Law Perspectives on the Legal Landscape regarding Parallel Imports in TurkeyThe more registered intellectual property rights ("IP rights") a country has, the more the country benefits, since IP rights lead to increased international trade by attracting direct investment and thus lead to increases in GDP growth and the labor marketTurkeyIntellectual PropertyELIG Gürkaynak Attorneys-at-Law
ArticleAnti-Dumping Measures To Expire Within The First Half Of 2020Below is a bullet-point summary of the antidumping measures that have expired as of 2019.TurkeyInternational LawELIG Gürkaynak Attorneys-at-Law
ArticleLaw No. 7418 On Amendment Of Press Law And Certain Laws Is PublishedLaw No. 7418 on Amendment of Press Law and Certain Laws ("Amendment Law") is published in Official Gazette of October 18, 2022 and introduced significant amendments on certain laws...TurkeyMedia, Telecoms, IT, EntertainmentELIG Gürkaynak Attorneys-at-Law
ArticleGreen-Light To The "Green Car Project The Board Granted Negative Clearance To A Joint Venture Between Turkcell, Anadolu Group, Zorlu, Kök Ulaşım, BMC And TOBBThe Board published its reasoned decision on the formation of a joint-stock company by (i) Turkcell İletişim Hizmetleri A.Ş., (ii) Turkcell Gayrimenkul Hizmetleri A.Ş., (iii) AG Anadolu Grubu Holding A.Ş., ...TurkeyAntitrust/Competition LawELIG Gürkaynak Attorneys-at-Law
ArticleSpecial Audit In Joint Stock CompaniesIn joint stock companies, there are three types of audit mechanism, namely (i) statutory audit, (ii) optional audit and (iii) special audit.TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleDOJ Launches FCPA Pilot Program For Voluntary Self-Disclosure – What Does It Offer?On April 5th, 2016, the Department of Justice ("DOJ") announced the Foreign Corrupt Practices Act Enforcement Plan and Guidance ("Guidance") which aims to ensure greater accountability for Foreign Corrupt Practices Act ("FCPA") violations and provide greater transparency for companies with regard to mitigation. TurkeyCriminal LawELIG Gürkaynak Attorneys-at-Law
ArticleNew Era For FX Loans And FX Denominated LoansThis article will address major amendments and novelties stipulated for foreign exchange and foreign exchange denominated loans.TurkeyFinance and BankingELIG Gürkaynak Attorneys-at-Law
ArticleTurkish Data Protection Authority Introduced Binding Corporate RulesTurkish DPA published an announcement 1 on April 10, 2020 to introduce binding corporate rules for cross-border transfers of personal data between affiliates of multinational group companies.TurkeyPrivacyELIG Gürkaynak Attorneys-at-Law
ArticleThe Turkish Competition Board Published Its Reasoned Decision on the Investigation Conducted Against Aygaz Anonim ŞirketiThe Turkish Competition Board ("Board") published its reasoned decision[1] on the investigation initiated against Aygaz Anonim Şirketi ("Aygaz"). TurkeyAntitrust/Competition LawELIG Gürkaynak Attorneys-at-Law
ArticleUpdates to the Communiqué on Real Estate Investment FundsThe Communiqué on Real Estate Investment Funds (IH-52.3) ("Communiqué") is mainly related to the (i) incorporation, operating principles, liquidation and termination provisions of real estate investment funds, ...TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleAmendments Made In The Electricity Market Licensing RegulationElectricity Market Licensing Regulation, introduced by Energy Market Regulatory Authority, regulates (i) pre-licensing and licensing procedures and (ii) rights and liabilities of pre-license and license holders in the Turkish electricity market.TurkeyEnergy and Natural ResourcesELIG Gürkaynak Attorneys-at-Law
ArticleThe Turkish Competition Board Examines Online Dating And Social Discovery Services Within The Scope Of Its Merger Control RegimeThe Turkish Competition Authority has recently published its Hyperconnect/Match Group decision where it approved the acquisition of Hyperconnect Inc. ("Hyperconnect") by Match Group Inc. TurkeyAntitrust/Competition LawELIG Gürkaynak Attorneys-at-Law
ArticlePostponement Of A General Assembly Meeting In A Joint-Stock CompanyUnder Turkish corporate law, general assembly is a mandatory corporate body that functions through decisions of the shareholders. TurkeyCorporate/Commercial LawELIG Gürkaynak Attorneys-at-Law
ArticleValidity Of Term-Related Penalty Clauses Stipulated In Definite-Termed Contract That Are By Law Deemed To Be Indefinite-TermedFreedom of contract can be restricted due to mandatory provisions and such restrictions are common for employment contracts since the majority of employment law provisions aims to protect the employee...TurkeyEmployment and HRELIG Gürkaynak Attorneys-at-Law
ArticleProposed Amendments Within The Scope Of The Forthcoming Second Judicial ReformThe first package of the Judicial Reform Strategy was entered into force with the publication of the "Law No. 7188 on the Amendment of the Code of Criminal Procedure and Certain Laws" on the OfficialTurkeyLitigation, Mediation & ArbitrationELIG Gürkaynak Attorneys-at-Law
ArticleThe Draft Regulation On Establishment And Management Of The Public Mobile Warning SystemThe Draft Regulation on Establishment and Management of the Public Mobile Warning System ("Draft Regulation"), has been published on the Information and Communication Technologies Authority'sTurkeyMedia, Telecoms, IT, EntertainmentELIG Gürkaynak Attorneys-at-Law
ArticleThe DPA Decision Allowing Employers To Monitor, Access And Store Employees' Corporate E-MailsOn April 2023, the Turkish Personal Data Protection Authority published a summarized version of the Personal Data Protection Board's January 19, 2023 dated and 2023/86 numbered decision regarding ...TurkeyPrivacyELIG Gürkaynak Attorneys-at-Law
ArticleTurkey Introduces New Methods For Identity Verification In The Electronic Communications SectorThe Regulation on Verification Process of the Applicant's Identity in the Electronic Communications Sector ("Regulation") was published on the Official Gazette of June 26, 2021...TurkeyTechnologyELIG Gürkaynak Attorneys-at-Law