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  • Article

    Case Deemed Unfiled By Arbitration Tribunal Due To Missing Power Of Attorney

    In the dispute with a foreign element, the Arbitral Tribunal determined that the rules of procedural law to be applied to the arbitration proceedings are, in order of priority, a) the mandatory...
    TurkeyLitigation, Mediation & Arbitration
    KP Law
    KP Law
  • Article

    Amendment To The Thresholds For Being Subject To Independent Audit

    The Resolution on Determination of Companies Subject to Independent Audit ("Resolution") was published in the Official Gazette dated 30.11.2022 and numbered 32029.
    TurkeyAccounting and Audit
    KP Law
    KP Law
  • Article

    Record Fine To META

    With its announcement dated 10.01.2024, the Competition Authority imposed an administrative fine of TL 4,796,152.96 per day (on the basis of its gross revenues in 2022)...
    TurkeyAntitrust/Competition Law
    KP Law
    KP Law
  • Article

    Annulment Actions Regarding Arbitral Awards Under Turkish Law: Current Developments And Decisions Of The Court Of Cassation

    It is a known fact that arbitral awards are binding on the parties, just like the decisions taken in state courts. However, the ways in which parties can appeal these decisions are limited.
    TurkeyLitigation, Mediation & Arbitration
    KP Law
    KP Law
  • Article

    Turkey To Launch Blockchain Based "Digital Identity" On The E-Government System

    Vice President Fuat Oktay announced the introduction of a "digital identity" application as a blockchain-based login system to the e-Government platform.
    TurkeyTechnology
    KP Law
    KP Law
  • Article

    Exceptions Introduced To The Ban On Payments In Foreign Currency

    The Regulation Amending the Communiqué (No: 2008-32/34) on the Decision No. 32 Regarding the Protection of the Value of Turkish Currency, published in the Official Gazette on 28.02.2024...
    TurkeyCorporate/Commercial Law
    KP Law
    KP Law
  • Article

    Exemption Criteria For VERBIS Registration Obligation Have Been Changed

    With the announcement of the Personal Data Protection Authority on July 25, 2023, the criteria for exceptions to the Data Controllers Registry ("VERBIS") registration obligation have been updated.
    TurkeyPrivacy
    KP Law
    KP Law
  • Article

    The Competition Authority Has Published The Merger And Acquisition Outlook Report

    The Competition Authority has published the Merger and Acquisition Outlook Report for the year 2023. In 2023, a total of 217 merger and acquisition transactions were reviewed by the Authority.
    TurkeyAntitrust/Competition Law
    KP Law
    KP Law
  • Article

    Protecting Your Brand: The Essential Elements To Include In A Cease-And-Desist Letter For Trademark Infringement

    When determining who should receive a cease-and-desist letter, it's important to consider efficiency-based factors, including location, responsibility, and authority, and to conduct due diligence to confirm...
    TurkeyIntellectual Property
    KP Law
    KP Law
  • Article

    Validity Of An Arbitration Agreement Made By An Unauthorized Representative

    In Turkish law, for a representative to be able to enter into a binding arbitration agreement on behalf of a principal, they must be specifically authorized by the principal.
    TurkeyLitigation, Mediation & Arbitration
    KP Law
    KP Law
  • Article

    The Court Of Cassation Ruled That The Issuance Of A Decision Without An Expert Report In Arbitration Proceedings Does Not Violate The Right To Be Heard

    The 11th Civil Chamber of the Court of Cassation rejected a request to annul an arbitral decision rendered under the Arbitration Rules of the Istanbul Arbitration Center...
    TurkeyLitigation, Mediation & Arbitration
    KP Law
    KP Law
  • Article

    Positive Development In Aid To Earthquake - Affected Employees

    The Law on the Restructuring of Certain Receivables and Amendments to Certain Laws has entered into force by being published in the Official Gazette dated March 12, 2023.
    TurkeyTax
    KP Law
    KP Law
  • Article

    Legal Infrastructure And Investment Incentives At Istanbul Finance Center

    It is significant for Turkey, which participates in the global race the world of financial competition by attracting foreign investors to our country, to provide legal infrastructure to the Istanbul Finance Center.
    TurkeyFinance and Banking
    KP Law
    KP Law
  • Article

    Changes Made To The Regulation On The Methods For Remote Identification

    The Regulation on the Changes to the Regulation on the Methods for Remote Identification to be Used by Banks and the Establishment of Contractual Relationships in Electronic Environment...
    TurkeyPrivacy
    KP Law
    KP Law
  • Article

    Crypto Assets Regulation - MiCA Approved By The European Parliament!

    MiCA, considered a milestone in the world of crypto assets, was adopted by the European Parliament on April 20, 2023.
    TurkeyTechnology
    KP Law
    KP Law
  • Article

    Digital Wallet Receives Official Green Light In Turkey

    As the digital wallet application becomes widespread all over the world, it offers both a global payment instrument and a secure shopping environment for consumers.
    TurkeyTechnology
    KP Law
    KP Law
  • Article

    Carbon Border Adjustment Mechanism And EU Sustainable Development Goals

    For almost every industry, sustainability involves adopting environmentally and socially responsible practices throughout a company's operations, from sourcing and production to sales and customer engagement.
    European UnionEnergy and Natural Resources
    KP Law
    KP Law
  • Article

    "Green Transformation Support" Package For Exports From The Ministry Of Trade

    The Ministry of Trade announced that the Ministry of Trade will support the consultancy service expenses of companies for their Green Deal Compliance Projects with the Decree Amending...
    TurkeyCorporate/Commercial Law
    KP Law
    KP Law
  • Article

    Irish Data Protection Commission Imposes Record Fine On Meta!

    The Irish Data Protection Commission ("Commission") concluded its investigation into Meta Ireland on May 22, 2023. The Commission has imposed a $1.2 billion administrative...
    IrelandPrivacy
    KP Law
    KP Law
  • Article

    Step To The Future With Blockchain In Insurance: Transparency, Security And Speed

    Blockchain technologies: It has the potential to revolutionize the reinsurance and insurance industry, as it does in almost every sector of the global economy, including healthcare...
    TurkeyTechnology
    KP Law
    KP Law

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