Guzeldere & Balkan Hukuk Burosu

GUZELDERE & BALKAN HUKUK BUROSU

Archived News

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[ 01.01.2020 ]

We wish you all a happy new year and proudly introduce the new partner of Güzeldere & Balkan Law Firm.

[ 2020 ]

[ 2018 ]

[ 2014 ]

[ 08.07.2019 ]

Memorandum on the methods of squeeze-out in closed joint stock companies can be reached from this link.

[ 21.01.2019 ]

The Turkish Competition Authority published its 2018 M&A Report. Brief information on the Report can be viewed from this link.

[ 2019 ]

[ 2014 ]

[ 19.12.2018 ]

According to Article 20/2 of the Regulation on the Implementation of the Turkish Citizenship Law, foreigners investing at least 250.000 U.S. Dollars on an immovable property by way of buying it or signing a promise to sell contract can be eligible for a Turkish citizenship. Our brief memorandum on this topic can be reached from this link.

[ 19.12.2018 ]

حسب المادة رقم 20/2 من اللائحة التنفيذية المتعلقة بتطبيق قانون حق المواطنة التركي يمكن للأجانب الذين قاموا بشراء عقار لا تقل قيمته عن 250.000 دولار أمريكي أو الذين أبرموا عقد بيع مبدئي لعقار التقدم بطلب الحصول على الجنسية التركية. يمكن العثور على معلومات مختصرة حول هذا الموضوع في هذا الرابط.

[ 10.10.2018 ]

A new Communique stating the exceptions on the Presidential Decree No. 85 has been issued and published in the Official Gazette on October 6th, 2018. Our brief memorandum can be reached by way of clicking on this news link.

[ 19.09.2018 ]

Presidential Decree No. 85, amending Decree No. 32 on the Protection of the Value of Turkish Currency by way of requiring Turkish currency to apply to certain agreements was published in the Official Gazette on September 13th, 2018. Our brief memorandum can be reached by way of clicking on this news link.

[ 21.06.2018 ]

We wish to meet lawyers with approximately 5 years of experience in the commercial law field to join our consultancy department. Candidates should have an excellent command of both written and spoken English with a minimum of TOEFL 100 (IBT), IELTS 7,5 or equivalent level of professional efficiency to be a part of our dynamic and hardworking team. Candidates are also required to have experience on contract law (drafting and revising different types of contracts) and corporate law (including but not limited to establishment and liquidation of companies, spinoffs). If interested, please send your English CV to balkan@guzeldere-law.com

[ 2019 ]

[ 2018 ]

[ 2014 ]

During the investigation conducted on Türk Telekomünikasyon A.?. and TTNET A.?., in order to determine whether article 6 of the Act no 4054 was violated through the pricing implemented for the Home Advantage tariffs and promotions for fixed phone services, it was evaluated that certain information or documents provided by Türk Telekominikasyon A.?. to the Competition Authority were false or misleading. Thus, Türk Telekominkasyon A.?. was imposed an administrative fine of 7.551.953,95.-TL (approximately Euros 2.263.571).

[ 07.04.2016 ]

Turkish Data Protection Act Nr. 6698 has been published in the Turkish Official Gazette as of 07.04.2016. The purpose of the Act is to protect the fundamental rights and freedoms of persons particularly with respect to their rights of privacy and to determine the obligations of the individuals and legal entities processing personal data along with the terms and conditions such individual and legal entities have to comply with. The Act shall be applicable on the individuals whose personal data are processed and those individuals and legal entities processing personal data by entirely or partially automatic means or non-automatic means provided that they constitute part of a data registry system. Since the required technical infrastructure for applying the Act and the constitution of the council which will be responsible for the implementation of the Act has not been completed yet, certain provisions with respect to the terms and conditions for processing and transferring of personal data along with those provisions including matters with respect to the enforcement bodies shall enter into effect within 6 months following the publication of the Act. Should you have any questions or inquiries with respect to the above mentioned matter, please do not hesitate to contact us at info@guzeldere-law.com

Best regards. GÜZELDERE & BALKAN LAW FIRM

[ 2019 ]

[ 2018 ]

[ 2014 ]

[ 09.09.2015 ]

The secondary legislation with regard to the obligations of service providers and intermediary service providers within the scope of the Turkish Electronic Commerce Law has been promulgated in today’s Turkish Official Gazette Nr. 29457 under the name of Regulation on Service Providers in Electronic Commerce and Intermediary Service Providers. Please read more on our website.

The Radio and Television Supreme Council's regulations on cable broadcasting and satellite broadcasting have been amended and announced in today's Official Gazette. The amendment simply regulates the license fees being paid in installments.

The Council of Ministers’ Decision with number 2014/7149 amending the criteria for determining the companies subject to the independent audit has been published in the Turkish Official Gazette in February 1, 2015 with number 29254 and entered into force to be valid as of January 1, 2015. The Turkish version of the Decision can be reached by way of clicking this news link.

Law on Regulating Retail Commerce has been published in the Turkish Official Gazette in January 29, 2015 with number 29251 and entered into force on the same date. The Turkish version of the Law can be reached by way of clicking this news link.

[ 2019 ]

[ 2018 ]

Istanbul Arbitration Center Code Nr. 6570 (the “Code”) acknowledged as of November 20, 2014 by Turkish Parliament has been published on November 29, 2014 in the Turkish Official Gazette Nr. 29190. Our article on this new regulation has been published in Mondaq and can be reached from this news feed or our LinkedIn page.

The Distance Selling Contract Regulation was published in the Turkish Official Gazette on November 27, 2014. Our article on this new regulation has been published in Mondaq and can be reached from this news feed or our LinkedIn page. The second part of our study on this matter shall be published as a new article in the following days and will again be announced on our website and LinkedIn page.

[ 28.05.2014 ]

The Consumer Protection Law numbered 4077 has been replaced by the Consumer Protection Law numbered 6502 as of today (May 28, 2014). You may contact our Law Firm for further information on the new Law.

[ 08.05.2014 ]

The Motor Vehicle Sector Research Report has been published by the Competition Board. The report states that the Competition Board targets for the new regulations on the motor vehicle sector to be finalized within 2014. The Turkish version of the report can be reached from this news feed.

[ 09.04.2014 ]

Communique on Independent Auditing of Financial Statements Prepared for Special Issues-Special Purpose Frameworks has been published in the Turkish Official Gazette on April 9, 2014 with number 28967. The Turkish version of the Communique can be reached by way of clicking this news link.

[ 21.03.2014 ]

Communique on Forming Opinion and Reporting in respect of Financial Statements has been published in the Turkish Official Gazette on March 18, 2014 with number 28945. The Turkish version of the Communique can be reached by way of clicking this news link.

[ 21.03.2014 ]

Communique on Giving Opinion Other Than Affirmative Opinion in the Independent Audit Report has been published in the Turkish Official Gazette on March 18, 2014 with number 28945. The Turkish version of the Communique can be reached by way of clicking this news link.

[ 21.03.2014 ]

Communique on Comparative Information-Information Pertaining to Previous Periods and Comparative Financial Statements has been published in the Turkish Official Gazette on March 18, 2014 with number 28945. The Turkish version of the Communique can be reached by way of clicking this news link.

[ 25.01.2014 ]

Turkish Ministry of Customs and Commerce (the “Ministry”) has published in Turkish Official Gazette on the date of 25 January 2014 with the number 28893 an amendment to the Communiqué on the Liquidation and De-Registration of the Annulled or Considered Annulled and Not Liquidated Joint Stock Companies and Cooperatives (the “Communiqué”). By the referred amendment, a paragraph has been added to Article 14 of the Communiqué to stipulate the procedure applicable on the liquidation of the companies of which annulment has been ruled by the court and a liquidator has been assigned for such purpose upon the application of the Ministry. Accordingly, (i) in the lack of a notification made by the creditors despite of the call made by the liquidator and there is no property owned by the company or in the event company’s information and documents have not been provided to the liquidator or the liquidator has not been able to access to such information and documents, such circumstances will be notified to the trade registry upon which the company will be de-registered without need for any additional requirement and such de-registration will be published in the Trade Registry Gazette. (ii) in the event the company’s debts are more than its properties according to the balance sheet prepared by the liquidator, this circumstance will be immediately notified by the liquidator to the creditors. In the notification, the creditors will be invited to apply to court and to inform the liquidator about such application within three months following the notification so that the company’s liquidation by way of bankruptcy will be ruled. In the lack of informing the liquidator about the application that needs to be made to the court within the given term, the company’s or cooperative’s title will be de-registered from the trade registry upon application of the liquidator and this circumstance will be published in the Trade Registry Gazette.

[ 25.01.2014 ]

Annual default interest rate to be applied to the delayed payments in consideration of goods and services supplies among the merchants, where such rate has not been determined by agreement or the related provisions of the agreement have become invalid or illegal, has been determined as 12,75% as per the Communiqué published by Turkish Republic Central Bank in Turkish Official Gazette on the date of 25 January 2014 with the number 28893. The mentioned rate shall be applicable as of 1 January 2014 retrospectively.

[ 23.01.2014 ]

The Draft Law on the Amendment of the Law on the Protection of Competition has been submitted to the Parliament on January 23, 2014. The Turkish version of the Draft Law can be reached by way of clicking this news link.

[ 2019 ]

[ 2018 ]

[ 2014 ]

[ 30.12.2013 ]

The Communiqué (II-23.2) on the procedures and principals to be followed in mergers and demergers of companies with at least one of the parties being a public company has been issued in the Official Gazette dated December 30, 2013. The new Communiqué has replaced the previous one issued in 2003. The Turkish version of the new Communiqué can be reached from this link.

[ 06.12.2013 ]

The Consumer Protection Law (numbered 6502) has been published in the Official Gazette on November 28, 2013, and will become effective as of May 28, 2013. Companies are expected to adapt their practices in accordance with the Law within the mentioned timeframe. For further information on the topic, please contact our Law Firm. You may reach the Turkish version of the Law by way of clicking this news feed.

[ 30.09.2013 ]

According to the Circular of the Ministry of Customs and Trade, dated September 27, 2013, the receivables (from third parties) of shareholders that are transferred to the company as capital –which is considered as capital in kind- shall require a court appointed expert’s report. However, if the receivable is directly from the same company, a report from a certified public accountant, independent accountant and financial advisor or –for companies subject to mandatory independent audit- a report by such auditor is deemed sufficient.

[ 16.08.2013 ]

According to the Communiqué issued by the Ministry of Work and Social Security on August 16, 2013, the working conditions of pregnant or breastfeeding women at work and the conditions for rooms allocated to breastfeeding and children’s daycare center have been determined.

[ 01.07.2013 ]

According to the Communiqué issued by the Ministry of Customs and Trade on June 29, 2013, the deadline for joint stock companies and limited liability companies to amend their articles of associations in order to comply with the new Turkish Commercial Code numbered 6102 has been postponed to July 1, 2014.

[ 03.05.2013 ]

Our Article about the Law on the Liberalization of Turkish Railway System is live on the below link and under the “Articles” section of our website

[ 03.05.2013 ]

Liberalistion of Turkish Railway Network

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