Turkey’s first legislation governing crypto assets (the “Crypto Law”) entered into force on July 2, 2024. We present below a summary of the Crypto Law, which made significant amendments to the Turkish Capital Markets Law. 1. General Overview The Crypto Law authorizes the Turkish Capital Markets Board (the “Board”) to regulate (a) crypto assets that...

TURUNÇ has advised Gelecek Etki Fonu (Future Impact Fund) on its investment in Mindsite, an e-commerce metrics analytics platform. Finberg, the Turkish Technology Development Foundation, TT Ventures also joined the round. Gelecek Etki Fonu is a Capital Markets Board-regulated venture capital fund managed jointly by Tacirler Asset Management, a leading asset management company and Vestel...

Ülkemizin kripto varlıklarla ilgili ilk kanun düzenlemesi (“Kripto Kanunu”) 2 Temmuz 2024 tarihinde Resmî Gazete’de yayımlanarak yürürlüğe girmiştir. Sermaye Piyasası Kanunu’na yeni hükümler ekleyen Kripto Kanunu’nun özetini aşağıda takdim ediyoruz. Kanun’un tam metnine buradan ve Sermaye Piyasası Kanunu’nda yapılan değişiklikleri gösteren mukayeseli metne buradan ulaşabilirsiniz. 1. Genel Olarak Kripto Kanunu, (a) sermaye piyasası araçlarına özgü...

TURUNÇ has advised Boğaziçi Ventures on its investment in Mükellef (known as Workhy internationally), an online platform that allows entrepreneurs to manage company formation and financial processes. APY Ventures, 3dots, Sistem Global, ANKA Ventures and Finberg also joined the round. Boğaziçi Ventures is a leading Turkish Capital Markets Board-regulated venture capital fund focused primarily on...

TURUNÇ authored the Turkish chapter of Lexology Panoramic’s Venture Capital 2024 title. The contributing lawyers were Kerem Turunç, Esin Çamlıbel, Yasemin Erden, Naz Esen and Beste Yıldızili Ergül. The publication, previously known as Getting the Deal Through, is a comparative guide of the legislation relating to venture capital investments in 11 jurisdictions. In addition to Turkey,...

According to data published by CEELMDirect, TURUNÇ worked on more reported client matters than any other Turkish firm in the first quarter of 2024, and managing partner Kerem Turunç worked on more reported client matters than any other lawyer in the Central and Eastern Europe (CEE) region in the same period. Two other Firm partners,...

TURUNÇ authored the Turkish chapter of Lexology Getting the Deal Through’s Private Equity (Transactions) 2024 title. The contributing lawyers were Noyan Turunç and Kerem Turunç. The publication, previously known as Getting the Deal Through, is a comparative guide of the legislation relating to private equity transactions in 17 jurisdictions. In addition to Turkey, the jurisdictions covered by...

TURUNÇ was ranked once again by The Legal 500 in the guide’s EMEA 2024 edition, which researches law firms by country and practice area in the EMEA region. In a testament to its diverse practice areas, the Firm was ranked in seven areas: Banking, Finance and Capital Markets; Commercial, Corporate and M&A; Competition; Dispute Resolution;...

TURUNÇ has advised Boğaziçi Ventures on its investment in Retter.io, a provider of products for faster backend development. Inveo Ventures also joined the round. Boğaziçi Ventures is a leading Turkish Capital Markets Board-regulated venture capital fund focused primarily on fintech, health tech, retail tech and gaming. The TURUNÇ team included Kerem Turunç, Yasemin Erden, Beste...