Introduction
Pursuant to Article 445 of the Commercial Code (6102/2011), an invalidation action can be filed against general assembly resolutions that conflict with the law, articles of association – in particular, good-faith principles within three months from the date of the resolution.
The three-month period does not apply if there is a nullity decision in question. The previous Commercial Code regulated only invalidation cases, whereas general provisions applied to…
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Legal framework
Turkey is a party to most international IP-related treaties, including the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs), which aims to harmonise the legal framework for anti-counterfeiting and anti-piracy. Accordingly, Trademark Decree-Law 556 is almost fully compliant with TRIPs.
There are specialist civil and criminal IP courts in the three largest Turkish cities (Istanbul, Ankara and Izmir). In other cities the regular civil…
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While the world was adopting a data-driven economy, Turkey lacked a separate legislation on data protection. Enactment of a data protection law was a real need for Turkey’s EU harmonization process since in the absence of such a regime, Turkey is found to be not adequate in terms of data protection standards. Although enactment of Turkish data protection law used to be on the agenda o the government for long time, it could not come into force until this year. Finally, Law on…
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Turkey has been among the fastest growing insurance markets of its size in Europe. Along with the rapid growth in the Turkish Insurance sector, there have been major changes to the insurance legislation in the last few years. New legislation has improved the regulatory framework and has brought the industry more into line with international practice. Although the top three insurers are Turkey-based, the market as a whole has a high level of foreign investment due to the fact…
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On 17 June 2015, the General Assembly of the Civil Chambers of the Court of Appeals rendered an interesting verdict regarding the right to be forgotten. According to this verdict, an individual could ask for his or her name to be erased from even law books, if the relevant book includes personal information which the relevant individual would not like to share with public.
The verdict is interesting from a number of aspects. Firstly, it is a decision made by not only a single…
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Article 7/1(b) of the Trademark Decree-Law (556) provides for absolute refusal during the ex officio examination of the Turkish Patent Institute (TPI) by stating that a trademark “identical or indistinguishably similar to a trademark registered earlier or with an earlier filing date for registration in respect of identical or same type of products or services shall not be registered”. Pursuant to this provision, a trademark which is identical or indistinguishably similar to…
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