Bagzibagli Erdem & Sahin has advised South Korea's Genoray Co on its acquisition of medical X-ray device supplier Ultra Medikal.
Aksan Advises Maxis and Founder One on Investment in UnoMoi
The Aksan Law Firm has advised portfolio manager Maxis and venture capital fund Founder One on their investment in UnoMoi.
The Ownership of Intellectual and Artistic Works in the Age of AI That Creates Images From Texts
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?
Owning Real Estate in Metaverse
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?
Are Venture Capital Investment Funds a Solution for Restructuring Family Businesses?
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.
Turunc and Vircon Legal Advise on Bogazici Ventures Investment in Nureply
Turunc has advised Bogazici Ventures on its USD 200,000 investment in Nureply. Vircon Legal advised Nureply.
New Independent Audit Thresholds
New thresholds triggering independent audit requirements for Turkish companies became applicable as of 1 January 2023. Below is a general overview of the applicable criteria.
Amounts Subject to Revaluation within the Scope of Capital Markets Legislation Were Increased!
The Capital Markets Board ("CMB") updated some amounts subject to revaluation within the scope of capital markets legislation for the year 2023 with the Capital Markets Board Bulletin dated 30/12/2022 and numbered 2022/74 published pursuant to its decision dated 29/12/2022 and numbered 77/1900.
Paksoy Advises Imerys on Sale of Pergem Stake to IPM Industries
Paksoy has advised Imerys on the sale of its 50% stake in JV Pergem to IPM Industries. Cim Hukuk reportedly advised IPM Industries.
Legal Liability of DAOS/DAOS and Codified Rules
The rapid developments in the world of technology put the law into a difficult concept puzzle to follow. While the discussions on smart contracts made with blockchain technology have not yet ended, a new organization that can direct the life of business has taken its place in the international market; Decentralized Autonomous Organization (DAO). This mechanism offers people new democratized ways to operate their organizations, radically separated traditional institutions.
Turunc and Bagzibagli Erdem & Sahin Advise on UP School Investment Round with Bogazici Ventures
Turunc has advised Bogazici Ventures on its investment in UP School's first financing round. Bagzibagli Erdem & Sahin advised UP School.
Paksoy and Egemenoglu Advise on Univar Solutions Acquisition of Kale Kimya
Paksoy has advised Univar Solutions on its acquisition of Kale Kimya. Egemenoglu advised the sellers.
ODSA Advises Turkiye Wealth Fund on Acquisition of Bereket Katilim Insurance Companies and Restructuring
Gide Turkish affiliate Ozdirekcan Dundar Senocak has advised the Turkiye Wealth Fund on its acquisition of Bereket Katilim insurance companies and the subsequent restructuring of TWF subsidiaries' takaful insurance operations.
Moral, Kinikoglu, Pamukkale, Kokenek Advises Amiad Water Systems on Acquisition FTS
Moral, Kinikoglu, Pamukkale, Kokenek has advised Israel's Amiad Water Systems on its acquisition of the final 49% stake in FTS Filtrasyon Aritim Sistemleri. SCH-Legal reportedly advised the sellers.
Gokturk Sahin To Head Litigation Department at Moral, Kinikoglu, Pamukkale, Kokenek
Former Senior Associate Gokturk Sahin has been promoted to Managing Associate and appointed Head of the Litigation Department at Moral, Kinikoglu, Pamukkale, Kokenek.
Belda Ozturk Joins Kazanci Holding as Chief Legal Counsel
Belda Ozturk has joined Kazanci Holding as its Chief Legal Counsel.
Turkish Competition Authority Published the M&A Overview Report for 2022
Law No. 4054 on the Protection of Competition (“Competition Law”) applies to merger and acquisition transactions ("Transactions") since they may lead to consequences such as establishing/strengthening a dominant position or restricting effective competition in the market. Additionally, as per Communiqué No. 2010/4 Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board ("Communiqué"), some Transactions are subject to the Competition Board's ("Board") approval. In this regard, the Turkish Competition Authority ("Authority") releases the Mergers and Acquisitions Overview Report each year to describe the overview of the Transactions examined within its body and thus provides a breakdown of the Transactions that took place in the market as along with a broad market overview. The Mergers and Acquisitions Report for 2022 ("Report") was published and made public by the Authority on January 6, 2023.
Turunc Advises Kamil Koc on Alliance with Ses Turizm and Gulen Turizm
Turunc has advised intercity bus operator Kamil Koc on its alliance with Istanbul-based bus companies Ses Turizm and Gulen Turizm.