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.
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.
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.
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 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.
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.
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.
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 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.
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.
Foreign investors may choose to invest in Turkey by establishing a branch office on behalf of an existing foreign business entity, established in another country, as an alternative to directly establishing or participating in a stock corporation.
A financial leasing contract is an agreement under which an investment property is purchased by the lessor and leased to the lessee and made use of within the term of the agreement.