Effects of COVID-19 Pandemic on Grace Periods and Use Obligation Provided for Trademarks in Turkey
Effects of Covid-19 pandemic on trademarks’ use requirement has been discussed globally and it is also a hot topic in Turkey. In order to discuss its effects, the grace periods provided for trademarks in the Turkish Industrial Property Code (“the IPC”) and justified reasons for non-use will be explained first. After giving an outline of the precautions taken against the Covid-19 pandemic in Turkey, we will provide our comments on the matter. General Information Regarding the… »
Turkey’s New Data Storage and Transfer Requirements for Banks
Amendments to Turkish Banking Law No. 5411 in February 2020 introduced important provisions regarding how banks handle confidential customer data. Based on these provisions, the Banking Regulation and Supervision Agency introduced a secondary regulation that was finalized in March, the Regulation on Banks’ Information Technology and Electronic Banking Services. This regulation contains binding provisions related to data processing and transferring of bank… »
Restrictions on Dividend Distribution Extended to 31 December 2020
Within the scope of the fight against the Covid-19, the provisional article 13, which was added to the Turkish Commercial Code ("TCC") on April 16, 2020, brought some restrictions on the dividend distribution rights of equity companies until 30 September 2020 and the exemptions regarding the companies covered by the regulation, the procedures and principles in relation to the practice were determined by the Communiqué issued by the Ministry of Commerce ("Ministry") and… »
Data Controllers’ Registry (VERBIS)
Pursuant to Article 16 of the Data Protection Law, an obligation to register in the Data Controllers Registry has been introduced for data controllers. In 2018, the Board issued decisions granting exemptions from registration obligation to certain professional groups, associations and political parties. The Board also granted a general exemption to local data controllers that have less than 50 employees, and actively less than TRY 25 million on their balance sheets. Data… »
Data Breach Notification
The Data Protection Law requires data controllers to notify the relevant data subject and the Board as soon as possible when being made aware of such data breach. In its decision dated January 24, 2019 and numbered 2019/9, the Board clarified the rules and procedures to be applied in data breach incidents. The Board takes the GDPR approach in terms of timing of breach notifications, and clarified that the term of “as soon as possible” must be interpreted as 72 hours of… »
Transfer of Data Abroad
Sensitive and non-sensitive personal data can be transferred abroad if the explicit consent of the data subject is obtained. Furthermore, other legal grounds will also apply to the transfer of personal data to the foreign country. However, the destination country must have “sufficient protection” in order to conclude the transfer abroad based on legal grounds (except for having obtained explicit consent). A list of jurisdictions that provide sufficient protection is to be… »