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  • Article

    Procedures, Principles And Exceptions For Limitation On Dividend Distribution (Covid-19)

    On 31.03.2020, an announcement was made by the Ministry of Trade ("Ministry") to limit the dividend distribution decisions to be taken at the shareholders meetings to be held for 2019 fiscal year.
    TurkeyCoronavirus (COVID-19)
    Ictem Legal
    Ictem Legal
  • Article

    Knowing The Very Basics Of A Murabaha Loan Structure

    Islamic financing in various forms and shapes is playing an increasingly important role within the overall money markets.
    TurkeyFinance and Banking
    Ictem Legal
    Ictem Legal
  • Article

    Invalidity Risk When Using A New SPV In An Asset Or Share Acquisition Deal

    Parties of an asset or share purchase agreement are often not aware of an inherent legal risk when structuring an acquisition deal specifically in case where a newly established special purpose company...
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    New Era In Collateralization Of Movable Assets Under Turkish Law

    The Movable Pledge Law introduces a number of innovations as for pledges to be perfected upon various types of moveable assets, rights of claim, and also includes a possibility to form a pledge...
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Mutual Rescission Agreements In Employment Law With Emphasis On Additional Benefit Requirement

    Mutual rescission agreements play a significant role in the general practice of employment law.
    TurkeyEmployment and HR
    Ictem Legal
    Ictem Legal
  • Article

    An Alternative To Alternative: Med-Arb

    Arbitration and mediation are the most preferred dispute resolution methods.
    TurkeyLitigation, Mediation & Arbitration
    Ictem Legal
    Ictem Legal
  • Article

    A Quick Glance On Latest Practice Of Piercing The Corporate Veil Theory

    General rule under Turkish law is that a contract creates rights and obligations only in between the parties to/executors of such contract.
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Latest Amendments To The Turkish FX Legislation And Foreign Currency Lending Rules

    At the beginning of 2018, important changes were made to the foreign exchange credit provisions, which will be discussed further in this article.
    TurkeyFinance and Banking
    Ictem Legal
    Ictem Legal
  • Article

    Conditional Capital Increase System As A New Corporate Financing Structure

    These limitation clauses often arise from the need to control or prevent an outsider to acquire shares and reflect a protective measure introduced by existing company shareholders against outsiders.
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Rules And Practical Tips On Board Meetings And Composition

    The board of directors is the executive and representative authority and a mandatory corporate body of a joint stock company.
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Ensuring Compliance Of Company Websites With The Law On Protection Of Personal Data

    This being the case, under Article 5 (1) of the Communique, it is explicitly stated that burden of proof lies on the data controller with respect to fulfillment of this obligation.
    TurkeyPrivacy
    Ictem Legal
    Ictem Legal
  • Article

    Examination Of The Provisions In Franchise Agreements With Respect To Competition Compliance

    Franchise was defined by the abrogated Communique on 1998/7 as a trade system consisting of intellectual property rights as trademarks, commercial names, business marks, utility models, designs, know-how and patents ...
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Current Debates On Personal Data Protection; What Extent Does The Law Apply To Foreign Data Controllers?

    The first anniversary of the Law on Protection of Personal Data No. 6698 ("Law") is now passed, however practice under the Law has not yet been clarified entirely.
    TurkeyPrivacy
    Ictem Legal
    Ictem Legal
  • Article

    Appointment Of A Custodian To A Company Under Turkish Law

    Question is often asked whether a custodian may be appointed to a company by courts to replace or co-exist with the current management and if so under which circumstances.
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Withdrawal And Dismissal In Limited Liability Companies

    Limited liability company ("LLC") is the most preferred kind of corporation in commercial life since it carries characteristics inherent both in sole-proprietorships and corporations.
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Neo Concordatum

    The continuation of the standstill process shall be decided within the first CCI meeting.
    TurkeyInsolvency/Bankruptcy/Re-Structuring
    Ictem Legal
    Ictem Legal
  • Article

    How Does Territoriality Principle Of General Data Protection Regulation Effect Non-EU Companies?

    Since adoption of the Data Protection Directive by the European Union in 1995, technology and internet continued to evolve and intervene in our lives more and more.
    European UnionPrivacy
    Ictem Legal
    Ictem Legal
  • Article

    Examination Of E-Commerce Practices In Turkish Market With Regard To Competition Law

    According to the 2018 data published by Competition Board of Turkey ("Board"), e-commerce market is one of two markets with largest M&A transaction volume in "Wholesale and Retail Trade".
    TurkeyAntitrust/Competition Law
    Ictem Legal
    Ictem Legal
  • Article

    How To Start A Business In Turkey

    This short paper sums up a list of questions and answers that an investor is likely to be interested to know before investing in Turkey.
    TurkeyCorporate/Commercial Law
    Ictem Legal
    Ictem Legal
  • Article

    Yabancı Tahkim Şartı Bulunan Sözleşmeler Kapsamında İflas Yollarına İlişkin Yetki Sorunu

    Borçlunun yasal süresi içerisinde aleyhine başlatılmış olan iflas yolu ile icra takibine itiraz etmemesi durumunda alacaklı iflas davası açabilecektir.
    TurkeyInsolvency/Bankruptcy/Re-Structuring
    Ictem Legal
    Ictem Legal

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