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

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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.

Corona Outbreak: Announcement on Import of Medical Diagnostic Kits

As per the new announcement of Turkish Medicines and Medical Devices Agency (“the Agency”) regarding the Communiqué on the Import of Medical Diagnostic Kits No. 2020/19 (the Communiqué”) published on the Official Gazette dated April 2, 2020 No. 31087; a physical or electronic letter of conformity letter has to be issued by the Agency for the custom procedures of certain human medical diagnostic kits.

Corona Outbreak: Limitations on Dividend Distribution

As part of measures, Ministry of Commerce (“the Ministry”) of Turkey has recently announced highlighting importance of the protection of equity capital of companies and the limitation of profit distribution due to Covid-19 in all companies that in resolutions regarding the dividend distribution to be on the agenda of the general assembly meetings for the 2019 accounting year, shareholders should consider

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

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