Trump Towers, Ofis Kule:2 Kat:18, No:12, Sisli, Istanbul, Turkey

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Corona Outbreak: New Limits on Dividend Distribution in Turkey

As per the Law on Mitigating the Effects of the New Coronavirus (Covid-19) Outbreak on Economic and Social Life and the Law Amending Certain Laws published in the Official Gazette numbered 31102 on April 17, 2020; a new provisional article was added to Turkish Commercial Code numbered 6102 (“TCC”) highlighting the economic impacts of Covid-19 on the company resources.

Turkey Aims to Stem Ripple Effects of Pandemic: Highlights of the Draft Amendment Law

In order to reduce ripple effects of the Covid-19 pandemic some measures are taken regarding social and economic life in Turkey. With the Draft Amendment Law Amending Certain Acts (“Draft Law”), amendments to various laws including public procurement law, commercial law, employment law, maritime law, and internet and electronic communications law are introduced.

COVID-19 and Travel Restrictions: Storm Clouds on the Aviation

Pandemic countermeasures affect daily life in many aspects. In this context, its effects hit the regular operation of businesses on various levels. This is particularly true for the aviation sector since when people #StayinHome aircraft stay in hangars. Airline operators’ financial condition has deteriorated as a consequence of travel restrictions imposed by governments.

Binding Corporate Rules for International Transfer of Data

Turkish Personal Data Protection Authority (“Authority”) has published a new announcement on April 10, 2020 regarding the transfer of personal data abroad. Accordingly, “Binding Corporate Rules” have been determined by Turkish Personal Data Protection Board’s (“Board”) as another tool to be used for the international data transfers.

Corona Outbreak: Industrial Property Applications

As per the Law Amending Certain Acts No.7226 published in the repeating Official Gazette No. 31080 dated March 26, 2020, all periods regarding the origination, use or termination of a right, including certain periods specified in the Industrial Property Law No.6769 (“Law No.6769”) have been suspended from March 13, 2020 due to Covid-19 pandemic.

Corona Outbreak: New Amendments on Consumer Arbitration Committees Regulation

As per the new regulation amending the Consumer Arbitration Committees Regulation (“the Regulation”) published in the Official Gazette dated April 10, 2020, to mitigate the effects of Covid-19, some amendments  have been made to prevent losses that may arise in relation to the working procedures and principles of consumer arbitration committees.

Kustepe Mahallesi, Mecidiyekoy Yolu Caddesi, Trump Towers, Ofis Kule:2 Kat:18, No:12, Sisli Mecidiyekoy, Istanbul, Turkey

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