Aksan has advised the Medicover Group on the acquisition of Guven Laboratuvarlari from founder Ahmet Sahin. BeyKem reportedly advised Ahmet Sahin on the deal.
Employment in Turkey
Contributed by Nazali Tax & Legal.
Paksoy and Egemenoglu Advise on EBRD USD 20 Million Green Loan to Uludag Icecek
Paksoy has advised the EBRD on its USD 20 million long-term loan for Uludag Icecek to pursue green investments in Turkey. Egemenoglu advised the borrower.
Legal Remedies Against Cyber Fraud Under Turkish Law
Data processing systems' convenience has led to emergence of new cybersecurity risks and methods for committing cyber-crimes, as well as a growth in such crimes, notably fraud. This is one of the unintended consequences of digitalization in the financial sector.
Diri Legal and Sevi & Mergen Join Forces
Turkish law firms Diri Legal and Sevi & Mergen have joined forces to form a new full-service law firm in Istanbul – Diri Sevi Mergen – helmed by Partners Nazan Diri Bal, Ali Murat Sevi, and Turhan Mergen.
Did You Know: Most Prolific 2023 Thought Leaders
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, two CEE lawyers have already authored or co-authored eight thought leadership articles published on the CEE Legal Matters website this year, more than anyone else in the region?
The Law On Early Retirement (Not Meeting The Age Requirement) Came Into Effect
The Law Amending the Social Security and General Health Insurance Law No. 375 and Decree-Law No. 32121 (“Law”), which is eagerly awaited by the public and directly concerns approximately 2.5 million Turkish citizens, was published in the Official Gazette No. 32121 dated 03/03/2023 and came into force.
Paksoy Advises on Sale of MBIS to Nagarro
Paksoy has advised the shareholders of SAP partner MBIS on the sale of the company to Nagarro. Herguner Bilgen Ucer reportedly advised Nagarro.
The Corner Office: The Million Dollar Question
In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With a rough year drawing to a close, and market uncertainties running high, the question this time: If you had a million dollars, what would you invest it in today?
Thresholds for E-Commerce Licenses Increased
The obligation of e-commerce intermediary service providers and e-commerce service providers to obtain licenses from the Ministry of Commerce was introduced to our legal system with the “Law Amending the Law on the Regulation of Electronic Commerce" [available only in Turkish] published in the Official Gazette dated 7 July 2022, and thus has been amended by the Presidential Decree No. 6829 [available only in Turkish] published in the Official Gazette dated 23 February 2023 and numbered 32113.
Senem Berkem Paflak Joins Goktekin Enerji as Head of Legal
Former Modanisa Head of Legal Compliance Senem Berkem Paflak has joined Goktekin Enerji as Head of Legal in Turkey.
Okan Gunduz Joins Kolcuoglu Demirkan Kocakli as Of Counsel
Former Gunduz Legal Services Partner Okan Gunduz has joined Kolcuoglu Demirkan Kocakli as an Of Counsel.
Merve Oney Barlas Joins TurkNet as Chief Legal and Compliance Officer
Former DGPays Chief Legal Officer Merve Oney Barlas has joined TurkNet as Chief Legal and Compliance Officer.
Paksoy Advises Samsun Yurt Savunma on Acquisition of AEI Systems
Paksoy, working with Fieldfisher, has advised Samsun Yurt Savunma on its acquisition of an 80% stake in UK-based military defense equipment manufacturer AEI Systems. UK-based Field Law reportedly advised the sellers.
Crypto Assets on the Regulatory Net
Following the EU, the UK is also trying to provide a safer environment for investors with regulations.
Definition of Capital Commitments and its Effects on Taxation in the Event of Failure to Pay the Capital on Due Date
Commercial companies need capital to execute its business activities. Thus, paying the capital is regarded as the fundamental obligation of partners. In accordance with this, partners who do not pay their capital share on due date will be held liable accordingly to the private law in the context of TCC.
In addition to this, it is seen that this breach is sometimes interpreted as distribution of disguised profit through transfer pricing in the context of Corporate Tax Code (“CTC”).
Bagzibagli Erdem & Sahin Advises Genoray Co on Acquisition of Ultra Medikal
Bagzibagli Erdem & Sahin has advised South Korea's Genoray Co on its acquisition of medical X-ray device supplier Ultra Medikal.
Aksan Advises Maxis and Founder One on Investment in UnoMoi
The Aksan Law Firm has advised portfolio manager Maxis and venture capital fund Founder One on their investment in UnoMoi.