Two Types of Agreements for Real Estate Presales: Real Estate Presale Agreement and the Prepaid Residence Sales Agreement
I. Introduction Due to the rapidly growing real estate sector, the lawmaker specifically regulates contractual relationships between the parties in order to prevent any loss of right of any one of the parties. Along with the typical real estate sales agreements, preliminary sales agreements are also needed by the sellers and buyers due to many …
The Turkish Competition Board’s Approach towards the Full-Functionality of JVs Takes a Turn with Its Latest Decision Concerning the Acquisition of Sewing Machine Business of Melco
The Turkish Competition Board (“Board”) published its latest reasoned decision concerning the acquisition of joint control over the industrial sewing machine business (“Target Business”) of Mitsubishi Electric Corporation (“Melco”) by Juki Corporation (“Juki”) and Melco[1]. The Board evaluated that the transaction concerning the acquisition of joint control by Juki over the Target Business, which was …
Turkish Healthcare Agency Publishes Guidelines on Homeopathic Products
The Turkish Medicines and Medical Devices Agency (“Agency“) published the Guideline on License Application for Homeopathic Medicinal Products (“Guideline on Licensing”)[1] and the Guideline on the Packaging, Homeopathic Medicinal Product Information, Legibility and Tracking of Homeopathic Medicinal Products (“Guideline on Packaging”)[2] on March 15, 2022. Both Guidelines are based on Homeopathic Medicinal Products Licensing Regulation …
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TURKEY: THE BANKING REGULATION AND SUPERVISION AGENCY ANNOUNCES RESTRICTION ON COMMERCIAL TURKISH LIRA LOANS FOR CORPORATE BORROWERS
Authors: Gönenç Gürkaynak, Esq., Nazlı Nil Yukaruç, Selen Sakar and Beliz İnpınar, ELIG Gürkaynak Attorneys-at-Law
The Turkish Competition Authority Publishes its Final Report on its E-marketplace Sector Inquiry
The Turkish Competition Authority (“Authority”) published its Final Report on the E-Marketplace Sector Inquiry (“Final Report”)[1] on April 14, 2022, after a period of almost a year after publishing its Preliminary Report on the E-Marketplace Sector Inquiry (“Preliminary Report”)[2] on May 7, 2021.
The Turkish Medicines and Medical Devices Agency Publishes New Draft Guidelines
Authors: Gönenç Gürkaynak, Esq., Ceren Yıldız, Nazlı Gürün and Bilgehan Korucuoğlu, ELIG Gürkaynak Attorneys-at-Law
CAN A RESIGNATION INTENT DECLARED IN A WHATSAPP GROUP BE CONSIDERED AS PROOF OF RESIGNATION EVENT?
Authors: Gönenç Gürkaynak, Esq., Ceyda Karaoğlan, Tuğba Uluay and Işıl Ertekin, ELIG Gürkaynak Attorneys-at-Law
Law Proposal Amending the Press Law and Further Laws Has Been Published
Authors: Gönenç Gürkaynak, Esq., Ceren Yıldız and Nazlı Gürün, ELIG Gürkaynak Attorneys-at-Law
DMA: EU, Turkey and Beyond
Authors: Gönenç Gürkaynak, Esq., Ebru İnce, Çiğdem Gizem Okkaoğlu, Evgeniya Deveci and Petek Güven, ELIG Gürkaynak Attorneys-at-Law Introduction Over the recent years, digitalisation and digital services have been at the core of many innovative advantages for businesses and end users alike. These benefits range from online intermediation services to software application stores. This variety offers …
Evolution of the Turkish Competition Authority’s Approach Towards MFN Clauses: E-Marketplace Sector Inquiry Report
Introduction On March 14, 2022, the Turkish Competition Authority (“Authority”) published its much anticipated E-Commerce Platforms Sector Inquiry Final Report[1] (“Report”). The Report is extensive in scope and it aims to present a snapshot of the market and provide policy recommendations to address the market failures detected by the Authority. In this article, however, the …