TURUNÇ has advised Wellbees, a Turkish-U.S. corporate well-being platform with an international customer base, on its bridge financing round led by Sabancı Ventures. 212, Enocta and angel investors also participated in the round. The TURUNÇ team included Kerem Turunç, Beste Yıldızili Ergül and Canberk Taze. Please see here for more information (in Turkish).

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...

TURUNÇ has advised Lightspeed Venture Partners, a U.S.-headquartered global venture capital fund, on its investment in Intenseye, an AI-powered workplace safety platform. The TURUNÇ team included Noyan Turunç, Kerem Turunç, Esin Çamlıbel, Beste Yıldızili Ergül and Naz Esen. Please see here for the press release.

The Turkish Parliament has recently enacted significant amendments (the “Amendments”) to the Turkish Personal Data Protection Law (“PDPL”). We present below a summary of these Amendments, which will enter into force on June 1, 2024. 1. Processing of Sensitive Personal Data[1] 1.1 Current Legislation According to the current legislation (PDPL article 6), sensitive personal data...

2 Mart 2024 tarihinde Türkiye Büyük Millet Meclisi’nde kabul edilen Ceza Muhakemesi Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun (“Kanun”) ile 6698 sayılı Kişisel Verilerin Korunması Kanunu’nda (“KVKK”) önemli bazı değişikler ve yenilikler yapılmıştır. Kanun henüz Resmî Gazete’de yayımlanmamış olmakla birlikte, değişikliklerin 1 Haziran 2024 tarihinde yürürlüğe girmesi öngörülmüştür. [Güncelleme: Kanun 12 Mart 2024...

TURUNÇ has advised Gelecek Etki Fonu (Future Impact Fund) on its investment in PhiTech, a provider of AI-powered, multi-omics based diagnostic decision support for precision medicine. Other venture capital funds and angel investors also joined the round. Gelecek Etki Fonu is a Capital Markets Board-regulated venture capital fund managed jointly by Tacirler Asset Management, a...

Türk Parası Kıymetini Koruma Hakkında 32 Sayılı Karara İlişkin Tebliğ (Tebliğ No: 2008-32/34)’de Değişiklik Yapılmasına Dair Tebliğ (Tebliğ No: 2024-32/69) (“Değişiklik Tebliği”) Hazine ve Maliye Bakanlığı tarafından düzenlenip 28 Şubat 2024 tarihli Resmî Gazete’de yayımlanmıştır. Değişiklik Tebliği ile, aşağıdaki menkul satış sözleşmelerine ilişkin ödeme yükümlülüklerinin Türk Lirası dışında bir para birimi olarak yerine getirilmesi ile...

TURUNÇ has advised Ascential plc on the sale of its global consumer trends forecasting and product design business WGSN to funds advised by Apax Partners LLP for a total enterprise value of up to £700 million (subject to customary closing adjustments). Ascential a specialist information, data and analytics company listed on the London Stock Exchange...