Turkey Legal Update - December 2022
Born in Elazığ on the east of Turkey, Saim Dursun, depicts, with the warm liveliness of light and color on his spatula, the true Anatolian picture uncovering the strong willpower of Turkish people and their joy of life despite hardship. Painter Saim Dursun passed away in August 13, 2021 at the age of 62.
Recent Changes in Relation to Determination of Companies Subject to Independent Auditing
Significant changes have been made with respect to the determination of the independent auditing which will be effective as of January 1, 2023.
Court Provides Guidance on How to Conclude Actions For Undue Receivables
Actions initiated for undue receivables should be dismissed on procedural grounds accoding to the recent Unification decision.
The Euro Value Applied to Pharmaceutical Prices was increased by 36.77%
The Euro Value Applied to Pharmaceutical Prices was increased by 36.77%.
Sanction Against Shoe Ad Disrespecting Food
The Advertisement Board enlightened in its recent decision against advertisements of a fashion company what could be a disrespect of sense of economic and social responsibility for advertisements.
Authorization Obligation is on the Horizon for OTT Services
Information and Communication Technologies Authority is expected to issue regulations for OTT service providers. OTT providers shall be prepared for obligations on the horizon including incorporation of a new company in Turkey.
Patent and Trademark Office Rejects Applications Based on Interdependence Principle
Turkish Trademark and Patent Office well-adopts interdependence in its recent decisions, as well as setting out principles for bad faith claim for companies who operate globally and seek protection in Turkey.