The Data Protection Board has very recently resolved to extend the deadline for registration with the Data Controllers’ Registry Information System (“VERBIS”). The decision no. 2019/265 and dated 3 September 2019 on the extension was announced on the board’s website on 5 September 2019. The Data Protection Board had previously determined the timeline for data controllers’ obligation […]
Introduction Shareholders’ agreements are used to regulate the rights and obligations of shareholders and determine corporate issues and matters that are not regulated under the company’s articles of association. The Commercial Code does not explicitly regulate shareholders’ agreements. Parties may enter into a shareholders’ agreement under any terms in the framework of freedom of contract, […]
The Data Protection Board (“Board”) has announced 3 (three) important decisions at its web site on 17 July 2019 regarding different sectors and topics. Please kindly pay special attention to the third decision regarding “Gmail” mentioned below. You may find below a summary of the decisions: The summary of the Board decisions, dated 25.03.2019 and […]
The Data Protection Board (“Board”) has rendered 3 (three) important decisions regarding “data controller’s obligation to take necessary technical and administrative precautions for protection of personal data” and “requirement to notify the data breach as early as possible”, all of which are announced at the Board’s web site on the date of 3 July 2019 […]
According to the Law on Protection of Personal Data (“Law”), the Regulation on Personal Health Data (“Regulation”), concerning activities of private real and legal persons and public legal persons that process personal health data, which is related to the processes and practices carried out by the Ministry of Health (“the Ministry”) has been published in […]
The Data Protection Board (“Board”) has rendered 2 (two) important decisions regarding “data controller’s obligation to prevent unlawful access to personal data” and “processing and transferring of health data”, both of which are announced at the Board’s web site on the date of 18 February 2019 (“Decisions”). On the other hand, with respect to data […]
The Personal Data Protection Authority (“Authority“) recently published the Information Note on Data Protection Law and Glossary of Terms, Guideline on Data Privacy and Guideline on Fulfillment of the Obligation to Inform on its website. What do Documents Involve ? Documents published by the Authority provide detailed information and explanations regarding data protection within the […]
It has been stated in the notification dated 08.05.2019 sent to the Data Protection Authority (“Authority”) by Microsoft Corporation, as being a data controller, that: Identification information of call support manager, working at one of Microsoft’s service providers, is captured, Thus, outsiders having no ties with Microsoft had access to information at Microsoft users’ […]
Many modern organisations, regardless of size, own assets in multiple locations across the world. The advent of technology, together with accessible international markets, means dealing with clients across borders is […]
Read moreThe General Directorate of Land Registry and Cadaster has issued a Guideline (“Guideline”) through it’s Circular dated 30.05.2019 and numbered 2019/5 (“Circular”), which clarified certain matters regarding Turkish citizenship obtainment based on property investment. In summary, explanations stated under the Guideline that shed light on practice are as follows: It is possible to use more […]
Introduction A leveraged buyout (LBO) is a term used for a variety of transactions in which buyers usually private equity firms use leverage to acquire a company’s shares. The purpose of an LBO is to allow companies to make large acquisitions without having to commit a lot of capital, with the aim of increasing the […]
Squeeze-outs are regulated under the Commercial Code (6102) for private companies and the Capital Markets Law (6362) for publicly held companies. Squeeze-out process in private companies The Commercial Code sets out two different mechanisms for the squeeze-out process in private companies: squeeze-out by controlling shareholders;(1) and squeeze-out mergers. Squeeze-outs by controlling shareholders Squeeze-out rights are available […]
