Interim Measures of Protection in Arbitration
1. Introduction Although arbitration proceedings are essentially a type of trial that results faster compared to judicial jurisdiction. However, the application and conclusion in arbitration proceedings again cover a certain period of time. During this period, in the dispute subject to arbitration, the party with the possibility of being found unjust in the judgment can […]
CALLING A COMPANY GENERAL ASSEMBLY MEETING VIA LAWSUIT
Article 407 and subsequent articles of the Turkish Commercial Code (“TCC”), contain regulations regarding the general assemblies of corporations. According to these provisions, the general assembly must meet once in a year, within 3 months following the end of each fiscal year, as ordinary general assembly and if deemed necessary extraordinary general assemblies may be […]
Actions Resulting in High Penalties for Personal Data Protection in 2022 – 2023
Nowadays, technology is progressing rapidly, and with this progress, data sharing and storage in the digital world is constantly increasing. With the widespread use of the internet and mobile devices, the need to protect individuals’ personal data is becoming more prioritized than ever. Protection of individuals’ personal data is possible through legal regulations on the […]
Amendment to the Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relationship in Electronic Environment
The Regulation on Remote Identification Methods to be Used by Banks and the Establishment of a Contractual Relationship in Electronic Environment (the “Regulation”) was published in the Official Gazette dated 01.04.2021 and numbered 31441. The regulation has been issued in order to regulate the procedures and principles for remote identification methods that can be used […]
RECORD FINE IMPOSED FOR VIOLATING EU DATA PROTECTION REGULATION
As frequently seen in the agenda, sanctions regarding the protection of personal data continue to be widespread both in Turkey and in the European Union. The Irish Data Protection Commission (DPC) has announced a historic decision regarding Meta Platforms Ireland Limited (Meta) and its violation of EU data protection regulations. The inquiry, which began in […]
DETERMINATION OF CONTRACT PRICES IN EXCHANGE OR EXCHANGE INDEX, WITHIN THE IMPLEMENTATION OF DECISION 32 ON THE PROTECTION OF THE VALUE OF THE TURKISH CURRENCY, WITH ALL THE UPDATES AS OF APRIL 2023
In 2018, with the regulation added to Decree No. 32 in accordance with the Presidential Decree, it was generally prohibited for any payment obligation, including negotiable instruments issued due to the contract, to be agreed upon in foreign currency or indexed to foreign currency within the scope of contracts signed among resident individuals in Turkey. […]
WHAT IS “UNFAIR COMPETITION” IN TURKISH LAW AND WHAT ARE THE LEGAL CONSEQUENCES?
In the commercial life, deceptive or dishonest acts and commercial practices that affect the relations between rival merchants or between those who supply goods & services to the market and customers are considered as “unfair competition” in Turkish law and are considered unlawful in accordance with the Turkish Commercial Code (“TCC”). Merchants presenting deceptive information […]
Withdrawal right Within the Scope of the Regulation Amending the Regulation on Distance Contracts
With the Regulation Amending the Regulation on Distance Contracts No. 31932 published in the Official Gazette dated 23 August 2022 and numbered 31932, extremely important changes were introduced to the Distance Contracts Regulation No. 29188 dated 27 November 2014. In this article, important changes, exceptions and innovations brought by the Regulation on the Amendment to […]
Competent Authority Agreement on the Financial Status of Taxpayers Between the Relevant Authorites of The United States Of America And The Republic Of Turkey Has Entered Into Force
In today’s conditions, more and more commercial enterprises carry out their commercial activities in more than one country and in that case, there is a need for information sharing between these countries in order to protect the interests of these commercial enterprises and to prevent tax losses. Country-Based Reporting is a reporting process that requires […]
Green Deal Action Plan of Turkey
Turkish authorities have implemented the “Green Deal Action Plan,” which aims to ensure Turkey’s adaptation to climate change policies. This initiative has gained momentum in the international trade order in recent years. Green Deal Action Plan, which will strengthen our country’s competitiveness in exports and will also attract green investments to our country, has implemented […]
