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Legal Update: Recent Sanctions on Iranian Entities

On September 3, 2019 U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”) has announced new sanction to entities based in Iran.

10 September, 2019

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Delegation and Division of Representation and Management in Joint Stock Companies

As per the Turkish Commercial Code dated 6102 and numbered 14.02.2011, Board of Directors (“BoD”) is the authorized body of a joint stock company (“JSC”) for the representation and management of the company.

03 September, 2019

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Notification of M&A Transactions to Turkish Competition Board

There is a concrete connection between M&A transactions and competition law since economic centralization may have negative effects in the market.

03 September, 2019

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Enforcement of a Foreign Judgment in Turkey

Global economy highly depends on the co-operation of companies from all over the world. Today, parties may do business with a foreign partner bound by a quite different legal jurisdiction.

03 September, 2019

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Personal Data Processing Through Video Devices

Widely use of the video surveillance systems is an unpreventable feature of evolving tech friendly world.

03 September, 2019

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Piercing the Corporate Veil Under Turkish Law

Piercing the Corporate Veil (“Concept”) is a term of art describing the method used by courts to prevent companies’ shareholders from avoiding their responsibilities to third parties by sheltering to the limited liability of the company.

13 August, 2019

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Contractual Liability and Damages in Turkish Law

Today, most contracts have liability and damages clauses stipulated for the purpose of protecting the injured party (generally the obligee). However, as a result of the substantial increase in the international trade, contracts with multinational characte

13 August, 2019

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Characteristics of Data Processing Agreements

Data Processing Agreements (“DPA”) are entered by and between data controllers and data processors. These contracts arrange how the obligations of the parties will be fulfilled in order to ensure a lawful data processing that will take place during th

13 August, 2019

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Legal Update: United Nations Convention on International Settlement Agreements Resulting from Mediation (The Singapore Convention on Mediation) was signed by 46 countries on August 7, 2019 in

A landmark United Nations treaty which aims to promote the use of mediation in settling cross-border commercial disputes was signed by 46 countries on August 7, 2019 in Singapore and named after “The Singapore Convention on Mediation”.

07 August, 2019

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Bilateral Investment Treaties (“BIT”) and Standards of Protection in Energy Sector

Developing countries which tend to attract foreign investors to invest in energy sector, have signed numerous Bilateral Investment Treaties (“BIT”) to secure potential investors from financial and environmental risks.

02 August, 2019

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