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Considering the environmental, social, political and economic developments, it is considered as a more profitable and efficient way for companies located abroad to employ foreign nationals in Turkey. If certain conditions are met, it is possible to meet the demands of companies in this direction. Persons who will work in Turkey are required to obtain a "work permit" in accordance with the rules and criteria set by the International Labor Law No. 6735.

Metaverse is not a product or a game. It was not created by a single company. Rather, it is a worldwide 3D network where companies, information and communication tools are comprehensive and interoperable. - Prof. Scott Galloway, University of New York

The rise in the popularity of NFTs also raises some questions regarding copyright law. Earlier last year, an independent NFT dealer calling itself the “Global Art Museum” tokenized digitized versions of the famous artworks from many collections such as Rembrandt's “Night Watch” that has been on display at the Rijksmuseum in the Netherlands for years and other art from the Art Institute of Chicago, the Birmingham Museum and the Cleveland Museum of Art.

In March 2021, a digital artwork called “Everydays: The First 5000 Days” was sold by Christies, a British auction house, for $69 million. In other words: Someone paid almost $70 million for a picture on the Internet. Shortly after this sale, cryptographic tokens known as “Non-Fungible Tokens” (“NFT”) with a blockchain technology infrastructure quickly became a part of the mainstream in the art and technology world. Hundreds of millions of dollars of NFT sales now occur each week through public marketplaces like Foundation, OpenSea, and Nifty Gateway.

KP Law at a Glance

KP Law is an independent law firm providing multidisciplinary solutions to the clients worldwide. Established by former KPMG Turkey Legal Services Partner Mr. Onur Küçük, Attorney at Law, the firm aligns itself with KPMG Global Legal Services thus operates through a global network delivering value with proven local success models.

We are based in Istanbul, Turkey with a dynamic team of over 45 professionals, who make the best of agile & holistic approach as a strategic partner to your business in a wide range of areas including corporate, M&A, employment, deal advisory, data protection & privacy, compliance, dispute resolution, restructuring and insolvency and tax litigation. 

Adopting innovative approaches by combining high-quality strategic thinking, commercial awareness and cutting-edge technology, our team acts with an unconventional mindset and approach:

- Going beyond just giving legal advice, we put ourselves at the heart of your business. By understanding your problems and needs, we redefine them.

- We give you a competitive advantage by predicting problems before they arise.

- We take an analytical approach by breaking the most complex problems into simple formulations to offer a clear path forward.

- We add value to your business as we invest in a team of legal talent combined with strong financial literacy and strategic thinking.

Firm’s website: www.kplawtr.com