One Last Step Before Litigating Your Commercial Receivables: Mandatory Mediation
Introduction In order to improve time and cost efficiency, in recent years the Turkish legislature has created legal initiatives to encourage private parties to settle through compromise rather than litigation. In this regard, mandatory mediation for commercial receivables has been recently introduced via the Law on Legal Procedures to Initiate Proceedings for Monetary Receivables arising out of Subscription Agreements (Law 7155) with new articles being added to the… »
Could a Reduction in a State’s Income Violate Public Policy – A View on Turkey?
The Public Policy Exception as an Unruly Horse There is an ongoing quest for a uniform application of the New York Convention. However, the interpretation of the exceptions to enforcement still varies. Albeit applying the same provisions, national courts continue to adopt different approaches to the enforcement of foreign arbitral awards. This is particularly true where the public policy exception is raised under Art. V(2)(b). Considerable debate exists as to what the public… »
Turkish IP Court Delays Invalidation Action After Considering European Patent Convention
A Turkish generic company filed an invalidation action against a leading US pharmaceutical originator company in Turkey and requested the invalidation of its patent – a Turkish validation of a European patent granted by the EPO. The opposition proceedings were still pending before the EPO at the filing date of the invalidation action in Turkey. The patent owner subsequently requested a delay of the national proceedings, stating that the patent claims could still be amended… »
Mandatory Mediation Introduced for Patent Disputes in Turkey
As per Article 20 of the Commencement of Execution Proceedings in Monetary Receivables Arising from Subscription Agreements Code, Article 5/A was incorporated into the Turkish Commercial Code on 1 January 2019. The article introduces mandatory mediation for claims involving commercial receivables. The new provisions do not apply to pending lawsuits before first-instance courts, regional civil courts or the Court of Cassation. Applications for mediation must be finalised… »
Mediation now Mandatory for Monetary-related IP Disputes
Mediation now mandatory for claims relating to commercial receivables As civil suits falling under IP-related codes are considered as commercial actions, mediation is now mandatory for certain types of IP disputes It is expected that mediation will become mandatory for other types of IP disputes Discretionary mediation was first introduced into the Turkish legal system in 2013 by Law No 6325 on Mediation in Civil Disputes as one of the alternative dispute resolution… »
Privacy Issues in M&A Transactions in Turkey
Among other things, privacy issues in mergers and acquisitions now attract the attention of transaction parties. Privacy risks/issues in mergers and acquisitions used to be overlooked or underestimated. However, these days, conducting adequate due diligence on privacy issues and mitigating risks associated with a target’s privacy-related liabilities, as well as requesting privacy-related representations and warranties, are common in merger and acquisition transactions. The… »