Shareholders’ Agreements in Family Businesses
Introduction Family businesses, in the simplest definition, are companies in which the company shares, or the authority to manage the company, belongs to various members of a family. The most significant issues that must be addressed in these companies are institutionalization, and the prevention or minimization of the effects of disagreements between family members on …
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Recent Regulations Regarding Electricity Storage Activity
Introduction Technology has evolved to the point, today, where we use the energy we obtain from different sources most commonly in the form of electrical energy. Electricity is an ideal form of energy through which to perform our daily tasks due to its ease of transfer and conversion to different energy forms.
Liability in Primary Employer and Sub-Employer Relationship
Introduction Under labor and social security law, it is essential for the employer to carry out business with its employees. However, in the legislation, the sub-employer concept has been regulated by providing the opportunity to gain support from another employer and its employees in some parts of the work, wherein the employer and, therefore, its …
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Limitation on Financing Expense Deduction through the Updated Draft Communique
With the Article added to Corporate Tax Law No. 5520 (“CTL”) through Law No. 6322 promulgated in the Official Gazette dated 15.06.2012, the limitation on financing expense deduction was re-introduced into our legislation. According to the regulation whose first effective date was 01.01.2013, for the taxpayers whose foreign liabilities exceed their equity capital, except for credit …
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Road to Energy Efficiency in Public Buildings: Communique on the Implementation of EPC’s
In our country, significant steps have been taken recently to increase energy efficiency, to reduce energy costs, and to protect the environment. One of these steps is to increase energy efficiency by saving energy used in public buildings. Various regulations have come into force regarding public administrations, as well as other public institutions and organizations …
Assignment of the Author’s Economic Rights
The author is the person creating the work and automatically becomes the owner of the economic rights on the work by the creation thereof. If the author does not have the resources to solely exercise the economic rights on the work, s/he may apply two different methods to benefit from the economic rights as regulated …
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What Does Remote Working Regulation Regulate?
The concept of remote working was included in the scope of Turkish Labor Law No. 4857 (“Labor Law”) through the amendment[1] of Article 14 of the Labor Law in 2016. However, no secondary legislation that regulates the details of remote working was published following the amendment.
Minimum Labour Conditions of FIFA for Female Players Regarding Pregnancy and Maternity
On 4 December 2020, the FIFA Council approved the amendments to the Regulations on the Status and Transfer of Players (“RSTP”) endorsed by the FIFA Football Stakeholders Committee in November, 2020. One of the most essential additions to the RSTP is the provision regarding pregnancy and maternity for female professional players. This article focuses on …
European Union Payment Services Directive and Its Effects on the Turkish Payment Systems Legislation
With the initial regulation of the European Union called Payment Services Directive numbered 2007/64/EC (“PSD1”), which entered into force on 01.11.2009, an efficient, fast, secure and competitive payment market was intended, and the application of unified rules throughout this large market across Europe was ensured. FinTech companies, which are payment system providers within that scope, appeared in …
Basic Principles Regarding Public Offering
Public offerings attracted a great deal of attention from companies and investors in the first quarter of 2021. Beyond any doubt, one of the biggest benefits of public offerings is that it provides liquidity to the company (according to the method to be followed) and is a source of unsecured and non-recourse financing. Aside from …
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