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February 19, 2020

Changing Turkish Banking Laws

Legal Alerts
Banking & Finance

Recent Development The proposed amendments to the Banking Law No. 5411 (“Banking Law”); the Debit Cards and Credit Cards Law No. 5464; and the Financial Leasing, Factoring and Finance Companies Law No. 6361 were introduced to the Grand National Assembly of Turkey for discussions on February 6, 2020. What’s New? Expanding the scope of transactions […]

February 19, 2020

Innovations in the Turkish Capital Markets Law: Security Agent, Bondholders Meetings, Project Bonds

Legal Alerts
Capital Markets

Recent Development The Proposed Amendments to the Capital Markets Law No. 6362 (the “Law“) was introduced for discussion to the Grand National Assembly of Turkey on February 6, 2020. What’s New?  New establishments: Debt instrument holders board, trust and project financing The Law establishes a bondholders meeting enabling investors to act jointly; allows the appointment […]

February 18, 2020

“Should We Comply?” – The Right Question is: “Does It Apply?”

Publications
IT & Communications

European Data Protection Board (“EDPB”) recently published the Guidelines on Territorial Scope of the GDPR (“Guidelines”) as adopted after public consultation (Guidelines 3/2008 on the territorial scope of the GDPR (Article 3) – Version 2.1 of 7 January 20201). The Guidelines provide guidance and clarification on the application and interpretation of Article 3 of the General Data Protection Regulation (“GDPR” or “Regulation”) of the European Union (“EU”), which regulates […]

February 18, 2020

Significant Changes Introduced to After Sales Services Scheme

Legal Alerts
International Commercial and Trade

Recent Development The Regulation on the Amendment of the Regulation on After Sales Services (“Amending Regulation”) was published in the Official Gazette No. 31037 on January 12, 2020. The Regulation introduces significant amendments to after sales services, which will enter into force on July 1, 2020. What’s New? Various articles of the Regulation on After […]

January 17, 2020

New Era for Public Companies: Privileges will be Abolished in Loss Making Public Companies

Legal Alerts
Capital Markets
Mergers & Acquisitions

Recent Development The Capital Markets Board (the “CMB“) issued the Communiqué on the Principles of Abolishing Voting Rights and Representation in Board of Directors’ Privileges (the “Communiqué“). The Communiqué entered into force upon its publication in the Official Gazette No. 31004 dated January 10, 2020. The Communiqué entered into force upon its publication in the […]

January 17, 2020

The Horizons of Technology and Digitalization in Arbitration

Legal Alerts
Dispute Resolution

In a world of constantly evolving technology and digitalization, the legal profession also evolves and practitioners’ expectations of efficiency and digital tools influence the rise of LegalTech. Technology has introduced searchable databases for court decisions; artificial intelligence that enables selecting arbitrators, writing an arbitration clause, or reviewing case documents quickly; and sharing case files online, […]

January 16, 2020

Constitutional Court’s Long-Awaited Wikipedia Decision Published

Legal Alerts
IT & Communications

Recent Development The Constitutional Court’s (“Court“) decision dated December 26, 2019 with No. 2017/22355 (“Decision“) on Wikipedia was published in the Official Gazette on January 15, 2020. The Constitutional Court ruled that the access blocking decision regarding Wikipedia violated the applicants’ freedom of speech. Background Two articles titled “State Sponsored Terrorism” and “Foreign Involvement in […]

January 13, 2020

Amendments to the Regulation on Commercial Communication

Legal Alerts
IT & Communications

Recent Development The Regulation on the Amendment of the Regulation on Commercial Communication and Commercial Electronic Messages (“Regulation“) was published in the Official Gazette No. 30998 on January 4, 2020. The Regulation introduces significant amendments to the electronic commercial communication practice. What’s New? The Regulation introduces the commercial electronic messages management system (“İYS”) and several […]

January 9, 2020

Constitutional Court’s New Decision on Freedom of Speech

Legal Alerts
IT & Communications

Recent Development In the decision dated November 28, 2019 with No. 2016/256 (“Decision“), the Constitutional Court ruled that the imposition of a criminal sanction on the applicant due to their publications on social media criticizing a politician violated the freedom of speech. The decision was published in the Official Gazette on January 3, 2020. Background […]

January 6, 2020

Amendments in the Attorney Fees in Material Compensation Lawsuits

Legal Alerts
Dispute Resolution

Recent Development An amendment has been made to the Minimum Attorneyship Fee Tariff (“Tariff”) and with this amendment, a new approach similar to the moral damages claims has been adopted for material damages claims. This amendment provides that if a material damages claim is partially dismissed, then the counsel for the defendant’s attorney fees as […]