Trump Towers, Ofis Kule:2 Kat:18, No:12, Şişli, İstanbul, Türkiye

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Corona Outbreak: Procedures and Principles of Limitation on Dividend Distribution in Turkey

On April 17, 2020 a new provisional article was added to Turkish Commercial Code numbered 6102 (“TCC”) regarding the prohibition of dividend distribution for capital companies (excluding public legal entities and their affiliates) for the portion exceeding twenty-five percent of the net profit for the fiscal year 2019 until September 30, 2020.

Turkish Personal Data Protection Board Fines an Internet Service Provider for Credit Card Exposure

Turkish Personal Data Protection Board (“Board”), with its decision numbered 2020/213 and dated March 12, 2020 (“Decision No. 2020/213”), has fined an internet service provider data controller for failing to take necessary technical and administrative measures to ensure data security in compliance with the Article 12(1) of the Law on the Protection of Personal Data No. 6698 (“Law No. 6698”) upon the internet service provider’s notification of personal data breach to the Board.

Turkish Personal Data Protection Board Fines Amazon Turkey

Turkish Personal Data Protection Board’s (“Board”), in its decision numbered 2020/173 dated February 27, 2020 (“Decision 2020/173”), imposed fines on Amazon Turkey due to Amazon Turkey’s bundled privacy policy, opt-out system, and international data transfers procedures which are not in compliance with the Law on the Protection of Personal Data No. 6698 (“Law No. 6698”).

Turkish Personal Data Protection’s Recent Exemption for Registration Requirement

Turkish Personal Data Protection Board (“Board”) expanded its Data Controllers Registry Information System (“VERBIS”) exemption for foundations, associations, and unions. Pursuant to the Board’s Decision numbered 2018/32 dated April 2, 2018 (“Decision 2018/32”), foundations, associations, and unions which is established within the scope of specific related legislation were already exempted from their obligation stipulated under the Article 16 of the Law on the Protection of Personal Data No.

Regulating Text and Data Mining in the European Union: Issues and Challenges

Text and Data Mining (“TDM”) is the process of deriving information from a machine-read material, by copying large quantities to extract the data and recombine it to identify patterns. The importance of TDM activities lies within its potential for exponential scientific growth. It may accelerate the process of finding cures for autoimmune and genetic diseases or provide data for new solutions to current technical problems.

COVID-19 Considerations of IATA for Air Travel

Not so long ago, International Air Transport Association (“IATA”) stipulated that “Over the next two decades, the demand for air transport is expected to double.” in IATA 2019 Annual Report. However, indeed COVID-19 outbreak has turned the tables, and left the aviation industry to a rapid collapse.

Turkish Data Protection Authority Highlights Crucial Points Regarding Turkish Standard Contractual Clauses for International Data Transfers

Turkish Data Protection Authority (“Authority”) released its announcement regarding commitments between data exporter and importer for international data transfers on May 7, 2020 on its website. Parties to apply for permission for international data transfers based on commitments have to comply with the requirements of such announcement.

Turkey’s Public Procurement Authority’s Recent Announcement on Procurement Applications in Corona Times

Since the due dates for declaring corporate tax returns and payments extended until June 1, 2020 by the Treasury and Finance Ministry Revenue Administration, due to COVID-19 precautionary measures, the Public Procurement Authority (“PPA”) has stated that in case applicants cannot provide their certificates of competency, balance sheets, business turnover and other relevant documents issued for last year as required to apply for tenders by the applicable rules, applicants are allowed to file the said documents issued for two years ago.

Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, Trump Towers, Ofis Kule:2 Kat:18, No:12, Şişli Mecidiyeköy, İstanbul, Türkiye

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