Data Protection Board (“DPB”) has recently announced its decision no. 2019/10 and dated 24/01/2019 on the management of data security breaches and notifications to the DPB and data subjects. The DPB also announced its decision no. 2019/9 and dated 24/01/2019 on the calculation of the time periods for applications to data controllers and complaints to the DPB in order […]
1. The control authority of the Customs Administration in a large scale, in accordance with the Customs Code Sec. 3 / F. 13 is defined as: “customs control” which means that the Turkish Customs District observes entry of goods carried between other countries and Customs District, exit, transit, transfer and carried out by the customs […]
As known, within the scope of Turkish citizenship applications, it was required for the foreign real persons to submit land registry an appraisal report of property to be purchased. With its circular dated 15 February 2019 and numbered 2019/1 (“Circular”), the General Directorate of Land Registry and Cadaster (“GDLC”) has resolved that appraisal report of […]
Young technology firms are generally in need of capital to fund their research and development projects. It creates an additional area of competition; firms both compete on the basis of the ideas they have and also compete for the capital, or in other words, funding. Since every company’s capital structure, shareholders and industry they operate […]
Individual Application to Constitutional Court is governed in the Articles 148 and 149, the provisional Article 18 of Constitution of 1982, as well as the Articles 45 to 51 of the Law on Establishment of Constitutional Court and Adjudicatory Procedures number 6216. In addition, House Regulations of Constitutional Court includes the details related to this […]
Defense industry in Turkey has received significant attention from both the government and the public itself due to developments in Turkey’s foreign policy and the Middle East. With their research development activities and their export potentials, defense companies have a prominent role in Turkish economy and will continue to do so. With their unique position […]
The first legislation concerning crowdfunding came into force with an amendment dated December 5 2017 to Capital Markets Law numbered 6362 and dated 30 December 2012 (“Capital Markets Law”). With this amendment, equity crowdfunding made its debut in the legislation in Turkey. Thanks to this amendment in Capital Markets Law, an additional new method of […]
Turkeys Personal Data Protection Authority reminds the importance of data and explicit consent once again with its recent ruling. The ruling is parallel with international data protection laws such as GDPR which also bans direct marketing to individuals without their explicit consent. In accordance with the provisions of the Law on the Protection of Personal […]
Turkish Commercial Code dated 13.01.2011 numbered 6102 (“TCC”) grants shareholders to apply to the court to dissolve the limited liability company on the grounds of just cause. This remedy is provided to shareholders of a limited liability company just like the joint stock companies. However, the main difference is that this remedy is only provided […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Cemil Baha Ozalp of ÖZALP. Cemil has joined IR as our exclusive Commercial Litigation Member in Turkey. The client and the result-orientated vision along with the innovative capabilities of the firm provide new and alternative solutions for the complicated and unique needs […]
A recent report published by the Public Procurement Authority of Turkey providing statistics as to the public procurements in Turkey took place between 01.01.2018 and 30.06.2018. This article reviews Public Procurement Report 2018 (the “Report”) to provide an overview as to the public procurements with a special focus on debarment statistics and defense industry. I. […]
With Article 56 of the Omnibus Bill with no. 7161 which is announced in the Official Gazette dated 18.01.2019 and numbered 30659 (“Law”), the phrase of “increase in the producer price index”, stipulated under Article 344/1,2 and 3 of Turkish Code of Obligations with no. 6098 (“TCO”), is amended as “consumer price index’s rate of […]