CEE Legal Matters In-depth coverage of the news and newsmakers that shape Europe's emerging markets 
Turunc has advised Bogazici Ventures on leading a TRY 7.8 million investment round into Acrome coding platform Riders. Ak Portfoy participated in the round. Erturan Sit Kosgeroglu reportedly advised Acrome and Riders on the deal.
In its decision dated June 8, 2021, and numbered 2018/5832, the Turkish Constitutional Court [the “Court”] ruled that the dismissal of the case in terms of non-jurisdiction nearly after seven years on the ground of the arbitration clause does not violate the right to property.
Turkish litigation-focused law firm Bozkurt Bozkurt has opened an office in New York. The new office will be headed by the firm’s US resident Partner Gokhan Bozkurt. The firm's Istanbul office will continue to be managed by Partner Mustafa Bozkurt.
Turunc has advised Bogazici Ventures on its TRY 4 million investment in the online therapy platform Hiwell. Tevetoglu advised Hiwell on the deal.
Paksoy, working with Paul, Weiss, Rifkind, Wharton & Garrison, has advised KPS Capital Partners on the acquisition of 80% of Crown Holdings’ EMEA food, aerosol, and promotional packaging business for EUR 2.5 billion. Also advising KPS Capital were Stibbe in the Netherlands, Gide Loyrette Nouel in Morroco, Cautrecasas in Spain and Portugal, Gleiss Lutz in Germany, Chiomenti in Italy, and Zepos & Yannopoulos in Greece. Dechert has advised Crown Holdings, with Bernitsas Law in Greece, Bennani & Associes in Morroco, De Brauw Blackstone Westbroek in the Netherlands, ENSafrica in Ghana, Garrigues in Spain and Portugal, Homburger in Switzerland, Lexel Juridique & Fiscal in Madagascar, Cellere Gangemi in Italy, Soltysinski, Kawecki & Szlezak in Poland, Kinstellar in Hungary, and Herguner Bilgen Ozeke in Turkey.
Moral & Partners has advised Turkish private equity fund Taxim Capital on its investment in Moltek A.S. through Luxembourg subsidiary LuxTheranostics. Acar & Ergonen advised Moltek’s shareholders.
Former Turkish Competition Authority Chief Legal Counsel Harun Gunduz has moved into private practice by joining ELIG Gurkaynak Attorneys-at-Law.
As known, several months ago, Whatsapp Inc. had informed its users about the update on the terms of use and privacy policy and announced that “the users must consent to their WhatsApp data being shared with Facebook companies in order to continue using WhatsApp, otherwise as of February 8, 2021 they will not be able to use WhatsApp”. This update stirred a huge debate among users, and millions stopped using the app. That being said, on January 12, 2021, the Personal Data Protection Authority [“Authority”] initiated an ex officio investigation as to whether WhatsApp infringed Article 15 of Turkish Personal Data Protection Law No. 6698 [“Law No.6698”].
Norton Rose Fulbright has announced it is forming a new alliance with Turkish firm Pekin Bayar Mizrahi. The international firm's former affiliated law firm in Turkey will continue to be part of its enlarged team.
In the ordinary course of commercial life, “bankruptcy” may be inevitable for financially distressed companies. In such case, the question arises with respect to the status of receivables from the bankrupt entity and how they will be collected.
Former Coca-Cola Operations Legal Counsel and Local Ethics Officer for the Turkey Region Ece Sarica has been appointed to IP Counsel, Europe at Coca-Cola GB in London.
BTS & Partners has advised luxury food order and delivery platform Fuudy.co on its recent USD 1.1 million seed funding round.
On June 1, 2021, CEE Legal Matters reported that the Ozbek law firm had advised Tarentum on Bogazici's Ventures investment of USD 1.4 million into Tarentum, a developer of machine learning and artificial intelligence technology solutions. CEE In-House Matters spoke with Bora Tokyay, Managing Director at Tarentum, to learn more about the matter.
Erdem & Erdem has advised Akinon on securing a USD 20 million Series B investment from the Actera Group, Revo Capital, and Endeavor Catalyst. BTS & Partners advised Revo Capital and Endeavor Catalyst on the deal. The Verdi Law Firm reportedly advised the Actera Group.
With the introduction of Turkish Data Protection Law No. 6698 (the KVKK) back in 2016, data privacy has become an important aspect of M&A transactions and due diligence processes. Concerned about the potential administrative fines under the law and the strict scrutiny of the Turkish Data Protection Authority (DPA), buyers started to place greater importance on the compliance of target companies’ privacy practices with the law.
On April 13, 2021, Turkish Constitutional Court [the “Court”] ruled that the applicant's right to property is violated because his assets have been restricted by a preliminary injunction for 15 years. The judgement emphasized that for a preliminary injunction restricting right to property to be deemed proportionate, proportionality should be established in terms of both the scope and the duration of the injunction.
The National Artificial Intelligence Strategy [“the Strategy”] which was recently announced via a Circular, was unveiled on 24.08.2021 and published by the Digital Transformation Office of the Presidency of the Republic of Turkey [“DTO”].
Kabine Law Office’s Tuvan Yalim, Gulce Keskin, and Ozgecan Korkmaz Talk About The Deal of the Year in Turkey.
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