Directors’ and Officers Liability Insurance in View of the New Turkish Commercial Code (1)
Ι. Introduction and General Background The use of directors’ and officers’ (“D&O”) liability insurance is relatively new and limited in Turkey. The new and elevated standards on corporate governance rules introduced by the new Turkish Commercial Code {“the TCC”) such as the introduction of universal accounting and auditing standards and rules for increase of transparency is expected to support the operability of liability provisions and lead to increase in demand for… »
Well-Known Status of Earlier Marks Taken Into Account in Opposition Proceedings
In January 2011 SPA Fonksiyonel Gıda İçecek ve Turizm Yatırımları Ticaret İthalat İhracat Limited Şirketi filed an application for the registration of DIABLO ENERGY DRINK (and device) for all goods falling within Classes 29 and 32 of the Nice Classification: Red Bull GmbH filed an opposition against the application on the grounds that it was confusingly similar with the following RED BULL marks: Red Bull also argued that its trademarks are well known in Turkey. Red Bull… »
TPI Records UGG as Well-Known Trademark
The Turkish Patent Institute (TPI) has accepted Deckers Outdoor Corporation's application for the recordal of its UGG mark as a well-known trademark. Deckers had submitted comprehensive evidence to the TPI together with its application, including:registration certificates; affidavits; pictures of Ugg boots worn by celebrities; financial statements; documents evidencing raids conducted against infringers in Turkey; and a reasoned decision of the Fourth IP Court of Ankara… »
Turkey: The New Turkish Regulation For Foreign Satellite Broadcasters
Featured Article: The new Law on Principles of Radio and Television Broadcasts (the “RTUK Law”) entered into force in March 03, 2011 in Turkey and has been issued in accordance with the European Convention on Transfrontier Television. Some important changes in terms of broadcasting principles as well as broadcasting licenses are brought with the new RTUK Law. Namely, RTUK (the Supreme Council of Radio and Television) is now on the process of a new development affecting the… »
TPI Applies Wide Interpretation of Likelihood of Confusion Between Device Marks
In a recent decision involving Red Bull GmbH’s bull device, the Turkish Patent Institute (TPI) has interpreted the likelihood of confusion between two device marks in a wide sense. In March 2011 a trademark application was filed for a bull device in the name of an individual for “clothing, footwear and headgear” in Class 25 of the Nice Classification. Red Bull filed an opposition against the application on the grounds that it was confusingly similar to: its RED BULL and… »
Renewable Energy: Going Green
With the aim of meeting the country’s increasing demand for electricity, the Turkish government is devising alternatives to the heavy dependency on imported energy. As a country almost barren of oil and gas resources, Turkey’s focus for local energy generation has shifted to renewables and nuclear power. Dependence on expensive energy imports makes the Turkish economy vulnerable to continuously fluctuating oil and gas prices. That is why attracting investment into local… »