Former Senior Associate Cigdem Soysal has been promoted to an Associate Partner at KP Law.

Start-up, which was first introduced in Silicon Valley in the US, has started to be more and more involved in our lives with the globalizing world. The main purpose of start-up companies, which are rapidly increasing in number today, is to produce solutions to a specific situation or problem and provide their solutions to people in a short time. They aim to develop rapidly and become one of the most popular companies with these solutions that appeal to a wide audience. While they are mostly focused on software and technology, there are also start-up companies operating in different fields such as banking and finance.

After the Central Bank of the Republic of Turkey announced that it will complete the first CBDC tests at the end of 2022, it was announced that the blockchain-based digital identity application would be implemented in the “Digital Turkey 2023 First Meeting” held under the chairmanship of Vice President Fuat Oktay at the Presidential Complex in the first days of 2023. With the login system that will work within the scope of the e-wallet application, it will be possible to log in to the e-Government with digital identities created in the blockchain network.

Following the 7.8. and 7.5. magnitude earthquakes occurred in Kahramanmaraş on 06.02.2023, the Presidential Decree on the declaration of the State of Emergency for 3 months in the cities affected by the earthquakes was adopted by the Turkish Grand National Assembly on 09.02.2023 and was published in the Official Gazette No. 32100 dated 10.02.2023. A number of measures concerning work and social security field were also envisaged in the scope of the State of Emergency.

In these days when 1.4 million workers in active working life in Turkey are expected to retire immediately by benefiting from the legal regulation regarding retirement age victims (“EYT”), it is important to evaluate the effects of this situation on employers, to determine in advance how employers will manage this process and, if necessary, to publish workplace regulations on this issue for the following reasons:

Since the parties cannot resort to state courts as long as there is an arbitration agreement (Article 5 of the ICC and Article 413 of the CCP), the parties may be deprived of the right to resort to state courts if the arbitration proceedings take longer than necessary. On the other hand, one of the most important advantages of arbitration is that arbitral proceedings can be completed in a shorter period of time than state courts. Taking these principles into consideration, the legislator has limited the arbitration proceedings to a time limit in the International Arbitration Law and the Code of Civil Procedure.

Paksoy has advised Dogan Sirketler Grubu Holding and members of the Aytemiz family on the sale of Aytemiz Akaryakit Dagitim to Tatneft.

In judicial proceedings, parties prefer arbitration because it is often faster than state courts. However, arbitration proceedings also require a certain period of time to reach a final arbitral decision. During this period, interim protection measures are needed to ensure that the proceedings achieve the desired goal and to guarantee the rights to be obtained as a result of the proceedings. In case of the protection of monetary receivables, a precautionary attachment is decided, and in case of the protection of rights other than money, a precautionary injunction is decided.

The Law on the Restructuring of Certain Receivables and Amendments to Certain Laws has entered into force by being published in the Official Gazette dated March 12, 2023.

In accordance with the law which was published in the Official Gazette on July 7, 2022 making amendments to the "Law on the Regulation of Electronic Commerce”, new obligations were introduced concerning the Electronic Commerce Service Providers (“ECSPs”) and Electronic Commerce Intermediary Service Providers (“ECISPs”). This new regulation has raised many questions and controversies.

“Even if the deleted correspondence is restored, the act of deletion is considered by the Competition Board as hindering the on-site investigation.”

The major discussion points in Turkey have been drastically different – before and after the earthquake – with the upcoming elections gaining new importance, according to KP Law Managing Partner Onur Kucuk.

Only one group ever came and never went away: Lawyers.
This is because if the lawyers went, so would the games industry. (Richard A. Bartle)

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, two CEE lawyers have already authored or co-authored eight thought leadership articles published on the CEE Legal Matters website this year, more than anyone else in the region?

Following the EU, the UK is also trying to provide a safer environment for investors with regulations.

Would you ever want to see digitally, Istanbul waking up to a rainy and gloomy day, an alien race that came to visit our species from a galaxy billion light year away, New York City under the post-apocalyptic acid rain, a peanut with a micro-scale civilization on it, the realistic portraits of people who actually never existed and no matter how far you go in the horizons of your imagination, a concrete and visual reflection of all your ideas?

Metaverse emerges as an "other universe" that invites the masses to live, interact, and trade in it. The parts of this universe are virtual reality, the internet, and advanced technologies. Users are no longer in front of the screen, they can enter this world in person. This can be possible in two ways for now; This world we call avatar requires a digital twin and virtual reality glasses. Users may think that they are chatting with their avatars, but can they feel like they are drinking coffee in a real environment? Are the two similar things?

The issue of how to ensure the longevity of family businesses remains as topical all over the world as it is in Turkey. When we look at the statistics, we see that family businesses have an extremely high percentage in Turkey as well as all over the world.