ELIG Gürkaynak LIQ - March 2017

LEGAL INSIGHTS QUARTERLY

March 2017 - May 2017

Corporate Law

Revocation of the Ultra Vires Principle Under the New Turkish Commercial Code No. 6102

Changes Introduced to the Company Incorporation Procedure

Banking and Finance Law

What is More Favorable: A Surety Agreement or a Guarantee Agreement?

Capital Markets Law

Limitations on Real Estate Investment Companies

Competition Law / Antitrust Law

The Turkish Competition Board Refuses to Grant Individual Exemption to the Exclusivity Agreement for a Key Drug

The Board Published Its Reasoned Decision on the Preliminary Investigation Conducted Against the Chamber of Forest Engineering

The Board Published Its Decision on “the Standardized and Binding Framework Agreement Published by the Banks Association of Turkey”

The Board Conditionally Granted Individual Exemption to the Exclusive Tender Depository Agreement between Roche Müstahzarları Sanayii A.Ş. and MTS İlaç Dağıtım Tic. A.Ş.

Labor Law

Compulsory Individual Pension System

Pharmaceutical Law

Recent Updates on Pharmaceutical Practices: Introducing the Product Tracking System

Litigation

Overview of the New Law on Experts No. 6754

Intellectual Property Law

A Milestone for Intellectual Property Rights: The New Law

Telecommunications Law

Turkish Telecommunications Authority Takes Action to Prevent Unintended Subscriptions and Purchases Related to Value Added Services

Data Protection Law

“Legitimate Interests” of the Data Controller as an Exception to the Explicit Consent Requirement Under Turkish Data Protection Law

Internet Law

The Constitutional Court’s Decision on the Annulment of Certain Provisions of the Internet Law Entered into Force on January 28, 2017

Advertisement Law

Turkey Amends Its Advertisement Regulation

Real Estate Law

The New Planning Procedures for Protected Areas

Anti-Dumping Law

Developments in Anti-Dumping Practices

White Collar Irregularities

Legal Issues Concerning Document Retention During Internal Investigations