An interview with Asli Basgoz of White & Case and Emre Ozsar of GKC Partners about their firms’ work on the CEE 2019 Deal of the Year for Turkey: Sisal’s successful bid to operate the Turkish State Lottery.
Turkey: Authorization Process for Medicines in Turkey
Recently, the spread of COVID-19 has been classified as a “pandemic” by the World Health Organization. With the global contagion of the epidemic, rumors have appeared regarding the development of new medicines and vaccines in Turkey, as everywhere else, and this situation has caused much misleading news and information to be published by the media and on the Internet.
What Makes a Good Conference Great?
Love them or hate them, conferences are a fundamental part of the successful commercial lawyer’s calendar. But time is precious. Those calendars are full. It’s vital for conference organizers to get them right, and critical for lawyers to choose wisely in determining which events to attend and which to skip.
Guest Editorial: Notes from A Regional Legal Hub: Turkey
I can pinpoint the exact moment when my interest in the law first flourished: I was 13 years old and my mother had given me a book called The Courage of their Convictions by Peter H. Irons, about 16 Americans who had fought for their rights and taken their cases all the way to the Supreme Court, and what I read resonated deeply within me. It later turned out that my mother had only given me the book to improve my English. But it opened the door to so much more.
Critical Approaches to Mandatory Mediation in Turkey
Nowadays, alternative methods of dispute resolution, not involving the courts, are increasing. Since disputes are getting ever-more complicated, and general peace between parties is preferable, parties now prefer to solve disputes with more peaceful and flexible alternative dispute resolution methods instead of litigation – and judicial systems are encouraging parties to employ these methods. In this context, mediation has in recent years become the most preferred and fastest-growing alternative dispute resolution method.
Capital Markets in Turkey
Contributed by Paksoy.
CEELM Covid-19 Comparative Legal Guide: Contracts in Turkey
Contributed by Kolcuoglu Demirkan Kocakli
The GDPR’s Effects on the Transportation Sector
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.
The Rise of the Flexible Workplace
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.
Challenges of Turkish Financial Restructuring
The concept of financial restructuring was introduced in Turkey following the currency crisis of August 2018. Financial restructuring became the major item on the agenda of Turkish financial institutions, and regulators intervened immediately, working to create a useful legal framework for the process. The joint efforts of the Banking Regulatory and Supervisory Authority (the BRSA) and the Banks Association of Turkey (the BAT) resulted in the Framework Agreement. Nevertheless, restructurings commenced pursuant to the Framework Agreement are progressing very slowly, and in most cases have reached an impasse.
Storing and Processing Personal Data for E-Commerce Companies Under Turkish Law
In the last ten years, e-commerce has become the most important platform of today’s consumer habits, becoming a major competitor to both retailers and their suppliers. As a result, many giant retailers are now directing their investments towards e-commerce activities.
Marketing Law Firm Marketing: Not Enough Time
This time, our law firm marketing friends across CEE considered the following question: “What one part of your job would you most appreciate having more help with – not in terms of training or capability, but simply in terms of time?”
The Classification of Medicinal Products in the European Union and Turkey
Advertisement is a very strong instrument in free market economies like Turkey’s. As a bridge between manufacturers and consumers and in light of its contribution to a competitive market, the importance of advertisement is critical.
Legal Regulations Against Division of Agricultural Lands by Inheritance Under Turkish Law
Preventing the division of agricultural lands is important in preserving quality in the sector and ensuring the continued contribution of agriculture-related income to the domestic economy. As a result, every positive step taken in the agriculture sector creates a similarly positive movement in the economy. Among the most important steps taken in this regard in Turkey were the 2014 amendments to the Law on Soil Protection and Land Use No. 5403, including to the definitions of “minimum agricultural land size” and “agricultural land size of sufficient income,” affecting the division of inherited agricultural land and transfers of ownership of agricultural lands with designated sizes.
Red Lines With Empathy
Basak Gurbuz is a Counsel at The Walt Disney Company Turkey, where she oversees the company’s legal and compliance matters. Prior to assuming her current in-house role, she was a Managing Associate with Gun + Partners. Her experience also includes time with Pekin & Bayar, the Yazici Law Firm, the Kasaroglu Law Firm, and Bayindir Holding.
Live and Breathe Your Company
Bahar Yenerer is the General Counsel of Atos in Turkey. Prior to joining Atos in 2012 she spent two years as a Senior Lawyer with ELIG. Prior to that she was a Senior Legal Counsel with Turkcell, Head of M&A and Corporate Affairs with the Yamaner & Yamaner Law Office, a Lawyer with Tekin Law Office, and a Legal Consultant with the Serap Zuvin Law Offices.
Turkey’s Advancement in Renewable Energy: What’s Next?
Introduction: As one of the top twenty energy consumers worldwide, Turkey experienced rapid economic growth beginning in the early 2000s, and its energy requirements increased accordingly. The demand for energy in Turkey has been growing at an average rate of 6.5% over the past decade and official reports predict that the country will continue at this pace through 2020. The high demand for energy, liberal market conditions, and government incentives are attracting both domestic and foreign investors to the Turkish renewable energy market.
Manufacturing in Turkey
For a long time, Turkey has been a significant manufacturing hub for supplying the European market, and its significance has become even greater since joining the customs union with the European Union. Following a significant fall in the value of the Turkish lira in 2018, manufacturing costs in Turkey are now lower. As setting up manufacturing operations in a new country often entails a number of pitfalls and requires local insight from specialists of various fields, here is a short guide for Turkey.