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Communique no. II-28.1 on the Principles of the Abolishment of Privileges on Voting and Privileges to be Represented on the Board of Directors by the Capital Markets Board of Turkey was published in Official Gazette numbered 31004, dated January 10, 2020.

The parties of a contract (“main contract”) may require the counter party to commit certain guarantees in order to protect their rights in case of a violation of certain contractual obligations such as delivery of a product or a service.

Letter of guarantees are widely preferred as a security since they make it possible to collect the agreed amount as per the transaction without the need to conduct any further proceedings.

Within the new year several communiques that deal with the importation of certain products that are highly popular within the defense industry are amended.

Today’s employment relations are more complex since companies offer their employees more than a standard wage in order to increase workplace motivation and become prominent in the market.

Turkey’s Personal Data Protection Authority has extended the deadline for the registration on the Data Controllers’ Registry System

While investing heavily in establishment of a legal entity, are the founders conscious of the importance of trademark notion which may actually risk the whole investment?

Legal Update:On December 10, 2019, first standard contractual clauses for Data Processing Agreements drafted by the Danish Data Protection Agency (“Datatilsynet”) has been published in the Register of European Data Protection Board (“EDPB”).