The Turkish Competition Authority published its 2018 M&A report. Although the amount and value of M&A transactions have increased, the amount of foreign investment entering Turkey which are above the set thresholds has decreased. It should, of course, be kept in mind that not all M&A transactions are notified and submitted to the approval of […]
As all other actors in Turkish economy, public procurement contractors have also suffered due to unexpected economical fluctuations. Many of the public procurement contracts has become more expensive for contractors, even some are not feasible anymore. More importantly, some contractors have faced risk of debarment. Lawmakers, to deal with this problem, promulgated Law No. 7161 […]
Turkish companies seek bankruptcy protection as slow down bites Growing numbers have applied for the measure as they struggle to pay debts Turkey is facing a mounting number of applications for bankruptcy protection as a slump in economic growth takes its toll on business. Requests for konkordato, a court-sanctioned agreement that allows struggling companies to […]
The Presidential Decree No. 476, published in the Official Gazette of 19.12.2018, has imposed 15% withholding tax on internet advertising. The government has withheld 15% tax on digital advertising payments to services providers and intermediaries. The Presidential Decree is applicable to payments made as of 1 January 2019. With the development of technology, it is […]
As known, Amendment Regulation of Regulation on Implementation of Turkish Citizenship Law (“Regulation”), announced at the Official Gazette dated 7 December 2018 and numbered 30618, has enabled foreign real persons to apply for Turkish citizenship upon annotation of a promise to sell agreement executed by and between seller and buyer before notary public, provided that […]
Health tourists are reported to spend almost 500 Billion USD in the world and the expenditures are close to $ 7,500 per capita. They also contribute enormously to the tourism industry of Turkey. Data released by the Turkish Ministry of Health shows that in the first half of the year 2018 there have been almost 178k tourists visited […]
Addressing a summit on defense industries in Ankara on 12-13 December 2018, President Erdoğan, said, he believes that public and private sectors, from finance to human resources and technology production, will do parts collectively in defense industries. Followed by this statement, with Presidential Decree (Decree No: 481) on December 20, 2018, Turkey’s Tank and Pallet […]
Direct marketing is a type of advertising that aims to bring an action in a selected group of consumers in response of a communication by the marketer. It allows to promote the product or service directly to the target most in need and measure the results quickly. Direct marketing is a complex subject regarding its […]
The military uses two techniques of data collection and information gathering for their observations; covert techniques and overt techniques. Covert techniques are secretly gathering the information or data from secret data sources, therefore these covert techniques are usually illegal. Overt techniques are collecting the data or information openly or in plain sight, because that it […]
Major importance is vested in intellectual property rights when technology transactions are taken into consideration. Therefore it is appropriate to assert that the relationship between these rights and the said transactions demonstrates an intricate nature. According to a business-wise approach, the protection provided with the related IP rights and the proper setting to be established […]
With the Presidential Decree No:23 of Turkey, the Space Agency has officially been established on 13 December 2018. The Agency is assigned prepare and implement national space program in line with the policies determined by the President to prepare strategic plans including medium and long-term goals, basic principles and approaches, targets and priorities, performance standards […]
Intellectual Property (IP) refers to exclusive rights associated to creations of the mind. These rights allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. But what if these inventions are the products of an artificial intelligence, not a human mind? We have passed […]