Emergency Buttons for Business Partners
On 21 July 2016, the Council of Ministers of Turkey announced a state of emergency for the entire country due to the failed military coup which took place on 15 July 2016. Following such announcement, the state of emergency period has been further extended for an additional three months starting from 19 January 2017 as per the decision published in the Official Gazette on 5 January 2017. As a consequence of the state of emergency, the Council of Ministers has decided to take… »
Turkish Restrictions on the Internet: The Highly Debated New Law in Turkey Enters into Force and is Subsequently Amended
Social Responsibility Turkish Restrictions on the Internet: The Highly Debated New Law in Turkey Enters into Force and is Subsequently Amended March 11, 2014 Articles — Bentley James Yaffe, Selin Sinem Erciyas and Uğur Aktekin Corporate and M&A Intellectual Property Services First Published: Mondaq, Co-Author, Featured Article: The Law Regarding the Amendment of the Decree Law on the Structure and Duties of the Ministry of Family and… »
Turkey’s New Internet Law Increases State Control
Turkey’s new internet regulations are being seen as draconian. Turkey’s controversial new Omnibus Law, which came into effect on 19 February, has introduced some significant changes to the existing internet publication law. The new law received criticism at every legislative stage, from the initial debates in the commission to the final approval by the president. It introduces amendments that will increase the mechanisms of state and judicial control over internet use and… »
Solar Licence Applications: Testing New Licensing and Contest Regulations
Introduction Taner Yıldız, the minister of energy and natural resources, recently commented that “there cannot be a growing economy without a growing energy sector”. This statement reflects estimations that Turkey’s electricity demand and supply must double by 2023 if the government’s economic goals are to be achieved. Turkey depends heavily on imported oil and gas to produce electricity. The government has put much effort into increasing the use of local resources in… »
Government Rocked By Waves Of Corruption
During the past decade Turkey has undergone a significant economic transformation. While further economic growth is expected, commentators have been shocked by recent alarming allegations. On December 17 2013 a corruption scandal emerged in Istanbul. The investigation commenced after Iranian gold merchant Riza Sarraf was mentioned on the suspect list of the Illicit Money Report prepared by the Turkish Financial Crimes Investigation Board (MASAK) in 2008. In light of the… »
Transfer Of A Business Line: An Asset Transfer, A Transfer Of Commercial Enterprise Or A Spin-Off?
There are various reasons why a company may decided to transfer one or more of its business lines, such reasons being, not deriving sufficient profit, needing to facilitate the management and specialization of different business lines, or simply because during an acquisition the transferee may not wish to acquire ail business lines of the transferor, instead preferring to exclude one or more of the transferor’s business lines from the scope of the acquisition. One of the… »