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Lawyers from Balcioglu Selcuk Akman Keki Attorney Partnership have worked with the Dentons office in Georgia in advising Silknet, Georgia’s largest fixed-line telecommunications company, on the acquisition of Geocell, the second-largest mobile operator in the country.

Parallel to the European Union Regulation No 17: First Regulation implementing Articles 85 and 86 of the Treaty, Article 9 (3) of the Law No. 4054 on the Protection of Competition (“Competition Law”) regulates “termination of infringements” as “the Board, prior to taking a decision (…) shall inform in writing the undertaking or associations of undertakings concerned of its opinions concerning how to terminate the infringement”.

I. Legal Framework and the Purpose of the Proof of Trademark Use

The Industrial Property Law with Number 6769 (“IP Law”) has been published in the Official Gazette of January 10, 2017, introducing several changes to the Turkish trademarks law. Proof of use of a trademark is one of these changes brought by the IP Law.

The Deal: On June 20, 2017, CEE Legal Matters reported that the Esin Attorney Partnership and Baker McKenzie had advised Turkven Private Equity, the Akarlilar Family, and Mavi Giyim Sanayi ve Ticaret A.S., the Turkish jeans and jeans-wear company, on Mavi’s IPO, with White & Case advising underwriters Bank of America Merrill Lynch, Goldman Sachs, and Is Yatirim. 

The Working Party on the Protection of Individuals with regard to the Processing of Personal Data (“Working Party”) which is established as per the Directive 95/46/EC of the European Parliament and of the Council of October 24, 1995 (“EU Directive”) updated their opinion on consent under General Data Protection Regulation (“GDPR”) which will be effective on May 28, 2018.

The Bener Law Office has announced that Senior Associates Eren Ucok, Bahar Ulgen, and Batuhan Sahmay were promoted to Partner on January 01, 2018.

Paksoy has advised DyDo Group Holdings on the acquisition by its Turkish subsidiary Della Gida of 80% shares in Mavidag, a local water production company. The seller, the Merpez Family, retains 20% of shares in the company.

On December 5th, 2017, with the Omnibus Bill No. 7061 published on the Official Gazette, the Capital Markets Law No. 6362 (“Law”) is amended in a way to pave the way for the financing tool “crowdfunding” in Turkey.

Yondem ⎮Yigit ⎮Uclertopragi has advised Tersan Tersanecilik Tasimacilik Sanayi ve Ticaret A.S. on a senior loan made to the company by the EBRD to finance the construction of a new floating dock for servicing, repairing, and maintaining commercial maritime vessels near Istanbul. CMS and Yalcin Babalioglu Boso Avukatlik Ortakligi advised the EBRD on the deal.