Amendments on the Commercial Advertising and Unfair Commercial Practices Regulation
Amendments were made on the Commercial Advertising and Unfair Commercial Practices Regulation (“Regulation”) which were published in the Official Gazette of 4 January 2017 and numbered 29938. The Regulation was prepared in 2015 for the following purposes pursuant to the Law on the Protection of Consumers numbered 6502:To define the principles that should be adhered by the advertisers, advertising agencies, medium corporations and all persons, establishments and corporations related to advertising, To define the procedures of review that will be undertaken within the scope of these principles, Protecting the consumers against the unfair commercial practices.All kinds of commercial advertising and
(TURKISH) 680 Sayılı KHK’da Medya Hizmet Sağlayıcıları ve Sanal Ortamda İşlenen Suçlarla İle İlgili Düzenlemeler
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Protection of Trademarks Within International Contracts
One of the most important matters with regards to international contracts signed by companies such as distribution, dealership, corner, etc., is the protection provisions concerning the products and trademarks. As within these contracts the companies usually are required to provide rights partially or fully to the persons or companies authorised by them with regards to use of the trademark due to commercial reasons such as granting distributorship, product supply, opening a store, product marketing, etc. The matters that should be taken into consideration within this scope are set out below. The rights regarding the use of the trademark should be defined
Turkish Sovereign Wealth Fund
Sovereign wealth fund may be defined as a state-owned investment fund or an entity that is typically created by governments with budgetary surpluses for mainly capital preservation and/or investment return purposes.Since 2005 at least 40 sovereign wealth funds were created globally and Turkey joined among these countries such as Canada, China, Japan, US and Qatar in 2016 by enacting the Law numbered 6741 on the Establishment of the Turkish Sovereign Wealth Fund Management Incorporation (“Law”).The Law was published in the Official Gazette dated 26.08.2016 and numbered 29813. The Law sets out that the Turkish Sovereign Wealth Fund Management Incorporation (“Company”)
New Law on Movable Pledge
The Law on Movable Pledge for Commercial Transactions (“Law”) was published in the Offical Gazette on 28.11.2016. The Law will repeal the current Commercial Enterprise Pledge Law numbered 1447 and be in effect as of 1 January 2017. Various revisions are introduced to the movable pledge are with the new Law. Together with this issues that may arise due to the application of the Law are expected to be resolved with the secondary legislation. The purpose and scope of the law The Law aims to extend the use of moveable pledge without delivery as a security, to widen the scope of the
Yapı Malzemelerine Yönelik Çevre ve Şehircilik Bakanlığı Tespitleri ile Yaptırımları
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Kentsel Dönüşüm Yönetmeliği Değişiklikleri
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The Turkish Competition Authority’s Decision on the Unlawful Interest Applied by The Banks
The Turkish Competition Authority decided that the 12 banks operating within Turkey breached the Article 4 of the Law on the Protection of Competition numbered 4054 ( “Law”) with its decision numbered 13-13/198-100 and dated 08.03.2013 and as a result the administrative fines set out within the decision shall be paid pursuant to this decision. The aforementioned decision was upheld upon the review by the 13th Chamber of the Council of State and the upholding decision was also finalized. Therefore, cause of action has arisen for real and legal persons that have received a loan, obtained depository or credit card services
Anayasa Mahkemesi Kararları Işığında Enerji Piyasalarında Uygulanan Maktu İdari Cezalar
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E-Commerce and Legal Aspects of Electronic Contracts
The trade volume of electronic commerce has been increasing incrementally in our day. As per the statistics, almost 70% of the consumers in USA and %35 of the consumers in Europe use internet for shopping. Accordingly, the number of companies operating within the area of e-commerce and their size increased rapidly in the past 10 years. The Alibaba Group IPO which took place in 2014 broke an unbeaten record by reaching to 25 billion USD and it is still the largest IPO globally. In parallel with the developments above, the consumers altered their habits and thus the volume of the e-commerce