Recent Development In its decision of May 3, 2016, the 22nd Civil Chamber of the Court of Appeals confirmed the right of employers to supervise their employees’ use of computers. Esin Attorney Partnership acted as the employer’s counsel in the dispute. Facts of the Case One of our clients (“Employer“) received a notice of termination […]
Recent Development In an effort to liberalize railway operations in Turkey and enable private companies to participate in the rail transportation business, the Law on the Liberalization of Rail Transport[1] (“Law“) was issued in 2013. The Law redefined the status of the Turkish State Railways (“TCDD“) and ended its monopoly over certain operations of the […]
Turkey Establishes Sovereign Wealth Fund Recent development In an effort to provide financing for infrastructure, diversify the financial instruments, and increase the depth of capital markets, Turkey introduced the Law on the Establishment of Turkish Sovereign Wealth Fund (the “Law“) on August 26, 2016. The Law establishes the Turkish Sovereign Wealth Fund (Türkiye Varlık Fonu) […]
Recent development In an effort to boost domestic saving rates and to increase employee welfare, on August 25, 2016, the Private Pension Law was amended to include the automatic enrollment of employees to the private pension system. The changes are set to take effect on January 1, 2017. What the law says Employees under 45 […]
Background On August 18, 2016, the Turkish Capital Markets Board (the “CMB“) announced that the Turkish Capital Markets Association (the “TCMA“) has established its arbitration panel to resolve customer disputes. The arbitration panel is expected to bring quicker, more effective and efficient settlement of disputes arising from over-the-counter transactions. The panel will consist of three […]
Recent development As part of the Turkish government’s ongoing agenda to increase profitability in the motor vehicle third-party liability insurance (“MTPL“) segment and streamline claims procedures (see our previous alert on this subject), the Treasury amended the MTPL General Conditions and the Tariff Regulation on August 2, 2016 and August 3, 2016, respectively. These amendments […]
Recent development The Turkish Medicines and Medical Devices Agency (the “TİTCK“) announced that license applications for human tissue and cell products must be completed by December 15, 2016. Pre-registrations for such products on the Medical Devices and Drugs Databank (the “TİTUBB“) will be invalid if the license applications are not completed by this date. Background […]
Background As a part of the fight against the terrorist organization that orchestrated the attempted coup – the Fethullah Terrorist Organization (“FETO”) – the Turkish Government, under the constitutionally granted authority, has announced a state of emergency and accordingly issued measures and effective legislation for the expeditious elimination of terrorist threats. Purposes Measures and legislation […]
Recent development The Turkish Medicines and Medical Devices Agency (“TİTCK“) has announced new standards for cosmetics claims. Based on the Cosmetics Law and the Cosmetics Regulation, the Claims of Cosmetics Products Guidelines Version 3.0 (in Turkish, Kozmetik Ürünlerin İddialarına İlişkin Kılavuz Sürüm 3.0) published by the TİTCK replaces the existing guidelines and brings new standards […]
Recent development On August 15, 2016, the Turkish Medicines and Medical Devices Agency (TİTCK) announced the Q2 results of its market oversight in the medical devices and cosmetics sectors, carried out between April and June 2016. Of the 667 products inspected, 547 have been detected as unsafe or non-compliant, and a total fine of TRY […]
