Dividend Distribution Restrictions Imposed on Equity Companies in Scope of COVID-19 Measures
Within the scope of the fight against the spread of Covid-19, provisional article 13 was added to the Turkish Commercial Code (“TCC”) with the Law numbered 7244 adopted on 16 April 2020. The said provisional article brought certain restrictions on dividend distribution rights of the equity companies until 30 September 2020 and it was further regulated that the companies exempt from these restrictions and the procedures and principles regarding the application thereof would be… »
Can Foreign Court Decisions Concerning IP Rights Be Enforced in Turkey?
In principle, a court order rendered in a country has its legal effects and consequences only within the same country. For a foreign court decision to create legal effects and consequences in Turkey, this decision needs to be legally recognised and enforced by Turkish courts. The regulations regarding the recognition and/or enforcement of foreign court decisions are stipulated between Article 50 and 59 of the International Private and Civil Procedure Code (IPCPC) numbered… »
New Guidelines on Meetings Sponsored by Medical Device Companies
Dicle Doğan and Fatma Sevde Tan, Gun + Partners On 27 April 2020, the Turkish Medicines and Medical Devices Agency published Guidelines on Scientific Meetings and Educational Activities regarding Medical Devices (Turkish language). The guidelines cover web-based scientific and educational meetings. Web-based meetings include online seminars, video conferences and meetings that can be watched over the network. Pursuant to the guidelines, web-based meetings are subject to the… »
Getting Back To Work: How to Prepare Workplaces for the “New Normal” After COVID-19
With the first case announced on March 11th, 2020, COVID-19 pandemic has started to show certain impacts on, among others, business life in Turkey. At the writing date of this article, Turkey is going through a normalization phase. Indeed, on May 28th, the president announced that regular curfew imposed on weekends will be terminated, inter-provincial travel restrictions will be removed, and the age limit subject to be under continuous curfew will be lowered from 20 to 18, as… »
Direct Marketing 2020 in Turkey
The regulation of unsolicited commercial communications 1. How does national law regulate the making of unsolicited telephone calls for marketing purposes? Electronic commercial communications are regulated by the Law on the Regulation of Electronic Commerce numbered 6563 (E-Commerce Law), which came into force on 1 May 2015, along with the Regulation on Commercial Communication and Electronic Commercial Messages (Commercial Communication Regulation). The E-Commerce Law… »
Measures Against Manipulation and Misleading Transactions Are Expanding
Following the amendments made in the Banking Law No. 5411 on 20 February 2020, the Regulation on Manipulation and Misleading Transactions in Financial Markets (“the Regulation”) was published in the Official Gazette on 7 May 2020 and entered into force. The Article 76/A[1], which was added to the Banking Law on 20 February as the basis of the Regulation, defines manipulation and misleading transactions in financial markets by explicitly referring to the banking transactions… »