New Regulation on Medical Device Clinical Trials Published
On 8 July 2022, the Regulation on Medical Device Clinical Trials (Turkish language) (Regulation) was published in the Official Gazette numbered 31890, repealing the former regulation dated 6 September 2014. The Regulation, which came into force on its day of publication, introduces amendments to ensure clinical trials comply with the Turkish Medical Device Regulation. The Regulation sets rules in connection with the functionality date of the European Database on Medical… »
Decision on Pricing of Medicinal Products For Human Use Amended
On 8 July 2022, the Decision Amending the Decision on Pricing of Medicinal Products for Human Use (Turkish language) was published on the Official Gazette numbered 31890. The Decision on Pricing of Medicinal Products for Human Use (Decision) is the legislation which set the rules on pricing of the human medicinal products. The amendments to the Decision include: An increase in pharmacist profit rates to be applied when determining the retail sale price of the products. A new… »
Regulation on Clinical Trials of Medicines and Biological Products Amended
On 6 July 2022, amendments (Turkish language) made by the Turkish Medicines and Medical Devices Agency to the Regulation on Clinical Trials of Medicines and Biological Products were published in the Official Gazette numbered 31888. The amendments: Introduce new provisions regarding the clinical trial application procedure, exceptional trials and the Agency's authority to obtain scientific opinion from a scientific consultancy committee while evaluating clinical trial… »
Patent and Trademark Office Implements Service by Publication Procedure
There previously used to be delays in the notifi cation of documents to applicants due to their failure to inform the offi ce ofaddress changes A provision was added to the IP Code in order to fi nd a solution to the issue of serving documents to rights holders All documents that could not be served due to an address change have now started to be served via publication through an Official Bulletin In the past, there used to be delays in the notifi cation of documents to… »
Artificial Intelligence and Blockchain Technologies and Their Impacts on Brand Protection
In recent years, developments in digitalization have started to make crucial impacts on many fields, including intellectual property, from creation to monetization and enforcement levels. Brand owners and brand protection professionals are heeding updates in artificial intelligence (AI) and blockchain-based technologies such as smart contracts, metaverses and non-fungible tokens (NFTs), with total market trading volume of approximately $12.13 billion only for the first… »
Validity of Release in Settlements Made Before Mediators
Release agreements that concern employee receivables from employers are subject to certain formal requirements under article 420 of the Code of Obligation No. 6098 (TCO). In this regard, the following conditions must be met: release agreements that concern employee receivables from employers must be executed in writing; at the date of release, at least one month must pass from the date of the termination of employment; the type and amount of the receivable subject to release… »
New Rules on Advertisements with Price Information and Advertisements for Discount Sales
Regulation on Commercial Advertising and Unfair Commercial Practices (“Regulation”) was amended in a way to include new measures and rules to regulate advertisements containing misleading price information and to protect consumers against unfair commercial practices. The amendments were enacted on February 1, 2022 and entered into force on March 1, 2022. According to new rules enacted in the Regulation; additional measures were implemented to protect consumers against… »
How to use Right to Seek New Employment During Notice Period
Introduction Indefinite-term employment agreements can be terminated by complying with notice periods, unless either party has a just cause for termination. Article 27 of the Labour Law regulates the right for employees to seek new employment during their notice periods: Within the notice periods, the employer is obliged to grant the employee the leave to seek new employment within the work hours and without making any salary deduction. Time of the leave to seek new… »
Effective Date of Additional Obligations on Consumer Protection Approaches
The Law No. 7392, published in the Official Gazette numbered 31796 on April 1, 2022, has introduced significant changes to many issues regulated under the Consumer Protection Law (the “Law”). The provisions of the new law that relate to timeshare and long-term vacation agreements entered into force on April 1, 2022, before the summer season. However, most of the changes, including those below, will come into effect on October 1, 2022. As the changes are substantial, we… »
Turkey Appealed the Decision of the World Trade Organization Panel on the Localisation Policy Regarding Pharmaceutical Products
In Turkey, specific healthcare services are reimbursed by the government due to the social state principle. Accordingly, a large portion of the prescribed pharmaceutical products have been included in the reimbursement list of the Social Security Institution (“SSI”) and the payments of the treatments have been completely or partially made by the SSI. According to the legal framework, pharmaceutical products with the marketing authorization can be included in the… »
Birleşik Krallık ve Çin’den NFT’ler ile İlgili İki Güncel Mahkeme Kararına Genel Bir Bakış
— Birleşik Krallık Yüksek Mahkemesi’nin “Lavinia Deborah Osbourne v (1) Persons Unknown (2) Ozone Networks Inc Trading as Opensea” Kararı — Çin Hangzhou İnternet Mahkemesi’nin “Qice v. BigVerse” Kararı 2021 yılının başından itibaren adını sıklıkla duyduğumuz ve bugün sanat, müzik, video oyunları ve sinema gibi hayatımızın birçok alanında karşımıza çıkan Non-Fungible Token’lar (NFT) uzun süre gündemde yer alacak gibi görünüyor. Nitekim sadece 2022 yılının ilk çeyreği için… »
Private M&A 2022 in Turkey
1. What are the current major trends in the private M&A market? M&A activity in Turkey started to increase again once the national lockdown was lifted in June 2020 and 304 deals were recorded in Turkey in 2020 with a total deal value of USD9 billion. According to the Deloitte Annual Turkish M&A Review, 2021 M&A volume was around US$10.1 billion, corresponding to a growth of 12% compared to 2020. Major deals (transactions with volumes exceeding USD1… »