Özgün Law Firm

Özgün Law Firm

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HOW IS NFT TECHNOLOGY POSITIONED UNDER TURKISH LAW?

NFTs are bought virtually in high quantities thanks to the blockchain technology that is becoming more popular each passing day, which makes them highly popular and on huge demand. It brings along such questions as what the legal extent of this brand new technological concept is, and whether it can be positioned under the Turkish law, or not.

MATTER OF BEING A PART OF AN INVESTMENT

There are many reasons underlying the increasing attractiveness of investment arbitration which protects foreign investors and their investments by investment treaties. This increasing attractiveness also makes an observable appearance in the globalized banking and financial sector.

REAL ESTATE ACQUISITION BY FOREIGN COMPANIES AND FOREIGN CAPITAL COMPANIES

It is necessary to examine foreign legal entities by dividing them into partnerships, associations and foundations while determining the qualification of foreignness. Although partnerships are legal entities established to share profits, associations and foundations do not have a profit sharing purpose.

ABOUT THE OBLIGATION OF COMPANIES, NOT ESTABLISHED IN TURKEY, TO REPORT A PERSONAL DATA BREACH TO THE TURKISH AUTHORITY

We know that there have been serious personal data breaches recently. Unfortunately, very serious personal data breaches continue to occur in Turkey. Finally, it was reported to the Personal Data Protection Board (the Competent Authority on Personal Data in Turkey, “the Board”) that a food and grocery products supplier company, operating across, Turkey was the data controller, and that the personal data of more than 22 million people were captured illegally.

WHAT DOES THE NEW REGULATION ON PAYMENT SERVICES AND ELECTRONIC MONEY PROVIDE?

The Regulation on Payment Services and Issuing Electronic Money and Payment Service Providers, and the Communiqué on the Management and Supervision of the IT Systems of Payment and Electronic Money Institutions and the Data Sharing Services of Payment Service Providers in Payment Services Area entered into effect after having been promulgated on the Official Journal dated December 1, 2021 and bearing the issue number 31676.

EVICTION DUE TO NECESSITY UNDER RESIDENTIAL RENTAL AGREEMENTS

Rental agreement is one of the most commonly-executed types of agreement in daily lives. Such type of agreement can be executed rapidly due to its nature, which makes it one of the most commonly-encountered disputes in settlement of disputes.

THE WORLD'S MOST COMPREHENSIVE TRADE AGREEMENT RCEP

The agreement, executed on 15th November 2020, will enter into full effect after it is ratified by each party in accordance with their respective domestic laws.

PATENT, DESIGN AND UTILITY MODEL REGISTRATION UNDER TURKISH LAW

Intellectual property (IP) refers to creations of the mind such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

ENFORCEMENT OF FOREIGN JUDGMENTS IN CASE OF INTELLECTUAL PROPERTY LAW

The court decisions issued by any foreign state court shall be effective in another country as final judgment and final evidence after it goes through a process of the recognition and enforcement decisions.

ENERGY TRANSITION IN TURKEY

Turkey still needs to set a long-term energy policy agenda in order to reduce dependency on imported energy sources such as natural gas and oils.

SMART CONTRACTS FROM THE PERSPECTIVE OF TURKISH LAW

Smart Contracts nowadays are very popular with an increasingly high importance as one of the new legal concepts of the contracts. However, many legal systems still have difficulties in following these developments in technology at the same speed.

DETERMINING THE APPLICABLE LAW TO THE ARBITRATION AGREEMENT CONCERNING THE RECENT LANDMARK CASE FROM UK

In the UK, the Supreme Court has clarified the grounds for determining the applicable law to an arbitration agreement in a recent landmark case of Enka v Chubb, which is left ambiguous regarding the jurisdiction by the contracting parties, as distinguished from the main contract.