Corporate, M&A and securities

Increasingly, cross-border transactions are triggering foreign direct investment (FDI) screening requirements.

Highlights from the decisions of personal data protection board published on July 5, 2021.

Recent changes to the Turkish Commercial Code and the Communiqué on the Execution of the Incorporation Articles of Association of Companies in Trade Registry Directorates.

There are numerous reasons why the Netherlands, for many years, has been a favorite jurisdiction for Turkish investors setting up so-called “HoldCos” when investing outside of Turkey (into third countries) as well as international investors with Turkish investment.

As a general rule, persons domiciled in Turkey must use insurance companies admitted in Turkey to cover their insurable interests in Turkey.

Updated information regarding recent legislation.

The Turkish Data Protection Law (the “Law”) regulates the transfer of personal data outside of Turkey in detail.

In line with a recent technical change in the operation of the Central Trade Registry System (MERSIS), the Istanbul Chamber of Commerce (“ITO”) made an announcement clarifying the new procedures for the registration of the corporate documents.

Service providers who wish to use electronic messaging for commercial purposes are required to register with the Commercial Electronic Communication Management System (“CMS”, İleti Yönetim Sistemi).

A new presidential decision dated November 30, 2020 provides a second application period for businesses that missed the previous short term work allowance application window.