Norton Rose Fulbright and Chadbourne & Parke have announced that they will combine in the second quarter of 2017, operating under the Norton Rose Fulbright name. The combined firm reports more than 4,000 lawyers in 58 offices across 32 countries.
Cakmak Avukatlik Ortakligi — the firm in Ankara formerly doing business as the Cakmak Avukatlik Burosu and, until last year, formally associated with White & Case — has announced a number of substantial changes, including its name change, the promotion of two lawyers to the firm's partnership, the return of a Partner after several years away, and the addition of a new US-qualified lawyer to the team.
The most significant agreement prepared to create a uniform universal sales law is United Nations Convention on Contracts for the International Sale of Goods, also referred to as Vienna Convention (“CISG”), dated 11 April 1980. CISG has entered into force on 1 January 19881, has been accepted without any reservation and has become applicable in Turkey as of 1 August 20112. In brief, CISG comprises of provisions regarding the establishment, performance and expiration of agreements relating to the international sale of moveable goods.
An alternative dispute resolution method is expected to be introduced in Turkey shortly through the Draft Law on Labor Courts (“Draft Law”). The purpose of the Draft Law is to bring a functional and an effective judicial procedure for labor conflicts via mandatory mediation and to replace the current regulations.
Central and South Eastern Europe Investment Summit - Thursday, March 30, 2017, London
Paksoy has advised IMCD N.V., a distributor of speciality chemicals and food ingredients, on its acquisition of 100% of Istanbul-based Feza Kimya Ic ve Dis Ticaret Anonim Sirketi from the Bozkurt family. De Brauw Blackstone Westbroek acted as foreign counsel to IMCD on the deal, and the Yurttutan Gurel Yoruker law firm advised the Bozkurt family.
The Turunc law firm has advised Peoplise on investment it received from 500 Startups venture capital fund. The Aksan law firm advised the investors on the matter.
Turkey’s main regulation regarding advertisements, the Regulation on Commercial Advertisement and Unfair Commercial Practices (“Regulation”) was amended with another regulation published on the Official Gazette of 4 January 2017, effective immediately. Those who advertise their products and services, advertisement agencies and the media that publishes such advertisement should abide by the Regulation.