The Esin Attorney Partnership has advised Altinyag Kombinalari A.S. and Gurtas Tarim Enerji Yatirimlari San. ve Tic. A.S. in connection with the sale of its production facilities to Sodrugestvo Group S.A. The buyer reportedly was advised by Gide Loyrette Nouel.

The European Commission (“Commission”) has released a report on April 17, 2018, which contained important findings of fact and assessments regarding Turkey’s political situation, economic development, regional issues and international obligations. This document summarizes and evaluates the conclusions put forth by the Commission in its report (“Report”) with respect to intellectual property law in Turkey and its suggestions for the coming years.

Paksoy has advised Turkish retail company Migros on the July 19, 2018 issuance of TL150 million bonds in two equal tranches, with two and three years of maturity.

Brandl & Talos has assisted Bwin in obtaining closure after ten years of preliminary proceedings against charges of bribery.

Paksoy, working alongside global counsel Gleiss Lutz, has advised global private equity investor Lindsay Goldberg on its acquisition of the Coveris Rigid rigid packaging business from Coveris Holdings. The seller was represented by Dechert.

After Personal Data Protection Law number 6698 came into force (April 7, 2016) in Turkey, and following a two-year-transition period (which concluded on April 7, 2018), the compliance process has been initiated in regard to general principles and rules on processing of personal data.

After three years of investigation, on July 18, 2018, The European Commission (“Commission”) issued its decision on the well-known Android case and fined Google LLC (“Google”) an astounding €4.34 billion for abusing its dominant position. The Commission held that “since 2011, Google has imposed illegal restrictions on Android device manufacturers and mobile network operators to cement its dominant position in general internet search”. The fine imposed to Google is the biggest of all times. The decision also opens the door to civil actions under which affected parties may claim compensation for damages incurred due to Google’s abusive conduct.

Turkish lawyer Belit Polat Dagdeviren has joined the Reckitt Benckiser Group plc as Global Senior Legal Counsel - Competition.

Gide Loyrette Nouel and its associated firm in Turkey, Ozdirekcan Dundar Şenocak has advised Renault on the renewal of its strategic partnership with OYAK in Turkey, extending their joint venture relationship.

In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, is given to the Ministry of Economy (“Ministry”). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.

This article will address significant amendments and novelties introduced for Turkish capital markets legislation during the first half of 2018 as in line with specific needs and interests of public and private institutions, companies, shareholders and/or investors being subject to such legislation.

By publishing its reasoned decision¹ on the preliminary inquiry against Duru Bulgur Gida San. ve Tic. A.S. (“DURU”), the Turkish Competition Authority (“TCA”) has added a new one to its decisions which include effect analysis of resale price maintenance (“RPM”) practices.

Cakmak in cooperation with White & Case has advised ERG Otoyol Yatirim ve Isletme A.S. on a loan of approximately EUR 1.1. billion meant for the Ankara-Nigde Motorway Project from Credit Suisse AG, Turkiye Is Bankasi A.S., Turkiye Vakiflar Bankasi A.S., Yapi ve Kredi Bankasi A.S., and the Kuwait Turkish Participation Bank Inc.

The Current Legal Landscape and Major Areas of Risk Exposure Based on Practical Experience

Baker McKenzie has announced the election of 67 new partners, including Olha Demianiuk in Kyiv, Sergei Lomakin and Kirill Vikulov in Moscow, and Caner Elmas and Duygu Gultekin in Istanbul.

1. Why is Corporate Governance Important for Family-Owned Businesses?

Arda Alposkay has been promoted from Legal Affairs Senior Manager to Head of Legal at DeFacto.

Cakmak has represented the shareholders of Erg-Verbund Elektrik, the owner of the operational rights of Turkey's Afsin Elbistan (A) Thermal Power Plant, on the USD 200 million sale of all its shares to Celikler Group.