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Citlenbik Sok. No: 12
Yıldız Mahallesi 34349
Beşiktaş
Istanbul
Turkey
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By Gönenç Gürkaynak Esq, Ç. Olgu Kama, Burcu Ergün
The US Department of Justice ("DOJ") had announced a pilot program ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate.
By Gönenç Gürkaynak Esq, Ceren Yıldız, Ecem Elver
The Ministry of Health had two major items on its legislative agenda during the last quarter of 2017, which may impact the manufacturers and importers of human medicinal products, as these items pertain to the manufacturing as well as the pricing of medicines.
By Gönenç Gürkaynak Esq, Tolga Uluay, A. Bahadır Erkan
The Law on Protection of Consumers No. 6502 (the "Law") is published in the Official Gazette on November 28, 2013 and entered into force on May 28, 2014. Article 1 of the Law specifies the purpose of the Law...
By Gönenç Gürkaynak Esq, Damla Doğancalı, Gözde Kitapcı
The Banking Law No. 5411 ("Banking Law") and the relevant secondary legislation set forth various self-reporting mechanisms for the banks operating in Turkey. We aim to focus on whether such self-reporting becomes mandatory in cases where banks detect non-compliance within their organizations. Such self-reporting is not universal, and the requirements vary with respect to the parties that are subject to these self-reporting rules and to the matters that trigger the self-reporting requirements.
By Gönenç Gürkaynak Esq, Ceyda Karaoğlan Nalçacı, Can Güner, Tuğba Uluay, Berat Ataseven
The long-awaited Law on Labor Courts No. 7036 ("Law No. 7036") was published on October 25, 2017 by the Official Gazette, just after it was introduced to the parliament to be enacted.
By Gönenç Gürkaynak Esq
The Turkish Competition Authority ("Competition Authority" or "Authority") has announced on July 20, 2017, on its official website, that its "Draft Guidelines on Vertical Agreements" ("Draft Guidelines"), which aims to revise the Block Exemption Communiqué on Vertical Agreements No. 2002/2 ("Communiqué No. 2002/2") and the Guidelines on Vertical Agreements ("Guidelines") has been made available for public notice and comment.
By Gönenç Gürkaynak Esq, İlay Yılmaz, Burak Yeşilaltay
The Regulation on the Erasure, Destruction or Anonymization of Personal Data ("Regulation") was published on the Official Gazette of October 28, 2017, as the first phase of the belated secondary legislation.
By Gönenç Gürkaynak Esq, Ç. Olgu Kama, Burcu Ergün
Overall, this was a less active year in terms of Foreign Corrupt Practices Act ("FCPA") enforcement actions, at least when compared to 2016. In 2017, the Department of Justice ("DOJ") took a total of 9 enforcement actions and the Securities and Exchange Commission ("SEC") took a total of 7 enforcement actions.
By Gönenç Gürkaynak Esq, İlay Yılmaz, Burak Yeşilaltay
The Regulation on Erasure, Destruction or Anonymization of Personal Data ("Regulation") is published on the Official Gazette of October 28, 2017 and will enter into force as of January 1, 2018. Regulation has been issued based on Article 7 of the Law No. 6698 on Protection of Personal Data ("DPL").
By Gönenç Gürkaynak Esq, Nazli Yukaruc, Damla Doğancalı, Gözde Kitapcı
A condition precedent, for the purposes of this article, shall be defined as a condition, only upon whose fulfillment closing of a transaction will be made by the parties.
By Gönenç Gürkaynak Esq
In April 2016, the Turkish Competition Board (the "Board") launched an investigation against Mey İçki, a subsidiary of Diageo plc. The investigation aimed at exploring the validity of allegations of abuse of dominance in the Turkish markets for vodka and gin.
By Gönenç Gürkaynak Esq, Ceren Yıldız, Ecem Elver
Following the enforcement of the new Communiqué on Pricing of Human Medicinal Products last September, the Ministry of Health ("Ministry") rolled up its sleeves for a new regulation concerning human medicinal products: The Regulation on Manufacturing Plants of Human Medicinal Products ("Regulation").
By Gönenç Gürkaynak Esq, Ceyda Karaoğlan Nalçacı, Tolga Uluay
Oath is accepted as evidence according to the rules of Turkish civil procedural law, even though the term itself is not defined by the Law on Civil Procedure No. 6100 ("Law No. 6100").
By Gönenç Gürkaynak Esq, Ç. Olgu Kama
Turkey's main regulation with respect to zoning for planned areas, Type Zoning Regulation for Planned Areas ("Old Regulation"), will now be replaced by the new Zoning Regulation for Planned Areas ("Regulation"), published in the Official Gazette of 3 July 2017.
By Gönenç Gürkaynak Esq, Nazlı Nil Yukaruc, Damla Doğancalı, Selen Sakar
In the Official Gazette dated 18 February 2017, the Capital Markets Board of Turkey ("CMB") introduced certain amendments to the Communiqué on Debt Securities ("Communiqué"), and these amendments have entered into effect as of the publication date.
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