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March 26, 2018

Data Protection Authority Publishes Communiqués on Notice Requirement

Legal Alerts
IT & Communications

Recent Development The Personal Data Protection Authority (“Authority“) published the Communiqué on Procedures and Principles on Notice Requirement (“Notice Communiqué) and the Communiqué on Procedures and Principles for the Application to Data Controller (“Application Communiqué “) on the Official Gazette of March 10, 2018. What Do the Communiqués Say? The communiqués are based on Articles […]

March 19, 2018

Real Estate Investing in Turkey Made Easier

Legal Alerts
Real Estate

Recent Development The Law on Amendments to Certain Laws for the Improvement of the Investment Environment (“Law“) was published in the Official Gazette No. 30356 dated March 10, 2018. What’s New? The Law includes several changes allowing real estate investors to ease and speed up their activities: • At the contractor’s request, the relevant authorities […]

March 14, 2018

New Minimum Safety Requirements Introduced for Certain Consumer Products Recent Development

Legal Alerts
International Commercial and Trade

Recent Development The Ministry of Customs and Trade (“Ministry”) recently published a draft amendment to the Communiqué on Compliance Assessment for Certain Consumer Products (“Draft Communiqué“). What the Announcement Says The amendments in the Draft Communiqué aim to introduce the minimum safety requirements for certain products frequently used in everyday life and that may pose […]

March 13, 2018

New Updates to the Guidelines on Package Information, Manuals and Tracking of Medicinal Products for Human Use

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (“TITCK”) recently announced updates to the Guidelines on Package Information, Manuals and Tracking of Medicinal Products for Human Use (“Guidelines“). What Does the Announcement Say? The Guidelines were prepared and adopted in July 2017 in accordance with the Regulation on Package Information, Manuals and Tracking of […]

March 12, 2018

Legal Alerts
IT & Communications

Recent Development The Personal Data Protection Board (“Board”) published the decision (“the Decision”) on “adequate security measures that must be taken by data controllers in regard to processing of special categories of personal data” in the Official Gazette on March 7, 2018. What Does the Decision Say? The decision is based on Article 6(4) of […]

March 1, 2018

image Regulation on the Implementation of Turkish Industrial Cooperation Program Entered into Force

Legal Alerts
International Commercial and Trade

Recent Development The Ministry of Science, Industry and Technology (“Ministry”) published the Regulation on the Implementation of the Turkish Industrial Cooperation Program (“Regulation”), which entered into force on February 17, 2018. What Does the Regulation Say? The Regulation establishes the procedures and principles for the procurement of goods, services and construction works comprising the industrial […]

February 28, 2018

Changes to Pharmaceutical Packages: TİTCK Announces Mandatory Braille Alphabet Usage

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently announced the necessary actions to fulfil the requirement of Braille alphabet usage under the Regulation on Package Information, Manuals and Tracking of Medicinal Products for Human Use (the “Regulation“). What Does the Announcement Say? Pursuant to the TİTCK’s announcement, as indicated in the Regulation, […]

February 27, 2018

Recent Developments on Turkish Capital Markets Regulations

Legal Alerts
Capital Markets

Recent Development The Capital Markets Board (“CMB”) amended the Communiqué on Shares No. VII-128.1 and Communiqué on Disclosure of Material Events No. II-15.1. The amendments were published and entered into force on February 13, 2018. What’s new? Before the amendment to the Communiqué on Shares, in relation to public companies’ capital increases, if the ratio […]

February 27, 2018

Turkey to Align with EU Medical Device Regulation: Current Progress

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (“TITCK”) recently announced that the legislative process for the adoption of the EU Regulation No. 2017/745 on Medical Devices (“MDR“) is ongoing. In this scope, the TİTCK published a Turkish translation of the MDR to be taken as a basis during the adoption period. What’s New? […]

February 20, 2018

FX Loan Balances Must be Reported to the Central Bank

Legal Alerts
Banking & Finance

Recent Development The Central Bank of the Republic of Turkey (“CBRT“) published the Regulation on the Principles and Procedures for Monitoring Transactions Affecting FX Positions (the “Regulation“) in the Official Gazette No. 30335 on 17 February 2018. The Regulation entered into force on the same day. What’s new? Enterprises (except banks and financial institutions) whose […]

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