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Basak Gurbuz, the former Counsel & Director responsible for legal matters in Turkey at The Walt Disney Company, has now joined Visa as its Senior Regional Counsel for South-Eastern Europe, where she will be responsible for nine jurisdictions: Bulgaria, Croatia, Cyprus, Greece, Israel, Malta, Romania, Slovenia, and Turkey.

Gokce Sarisu Kanmaz Joins Dentons BASEAK in Istanbul

Former EY Law Associate Partner Gokce Sarisu Kanmaz has joined the Tax practice of Balcioglu Selcuk Ardiyok Keki Attorney Partnership as a Partner.

The GDPR, which canceled previous European data protection regulations, represents the biggest change in those regulations in 20 years. Naturally, this amendment affects the methods of obtaining and processing personal data regardless of the size and structure of the companies doing so. All institutions in the transportation sector, including land, sea, air, and rail operators, agencies, airlines, and municipalities are also subject to the GDPR’s requirements.

Gide Loyrette Nouel has advised Groupama Holding Filiales et Participations on the sale and transfer of its 10% stake in Turkish insurance company Gunes Sigorta A.S. to TVF Finansal Yatirimlar Anonim Sirketi, a subsidiary of the Turkey Wealth Fund. Baker McKenzie advised TVF on the transaction, which closed on February 14, 2020.

Conflicts in the region and the ongoing political turbulence are increasing concerns in Turkey. "This is not good," sighs Cerrahoglu Partner Sezin Dundar. "Our clients, especially foreign investment companies are closely monitoring the situation. This could affect the economy in the long run."

In May, 2019, the Agency had announced the Draft Regulation on Sales, Advertising and Promotion of Medical Devices, expected to replace the Regulation on Sales, Advertising and Promotion of Medical Devices (“Regulation”), by expressing that the Regulation required an amendment as a result of practical matters presented during the implementation of the Regulation and the current needs of the sector. The draft regulation was not enacted to this date, and instead, on January 28, 2020, the Agency announced the Draft Amendment Regulation on Sales, Advertising and Promotion of Medical Devices (“Amendment Regulation”)1 which will amend the Regulation itself. The Agency has invited comments from concerned parties until February 3, 2020.

The footprint of flexible workplaces (i.e., co-working spaces) continues to expand as more and more global businesses embrace the modern workforce and the increasing options for work arrangements. Turkey has joined the flexible workplace trend.

Paksoy has worked alongside global counsel Winston & Strawn in advising Danfoss A/S, a Danish manufacturer of heat transfer solutions, on its USD 3.3 billion acquisition of Eaton Corporation’s hydraulics business. Gibson & Dunn reportedly advised Eaton on the transaction, which remains subject to regulatory approval and is expected to close by the end of 2020.

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