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...

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....

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...

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...

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...

TURUNÇ has advised Gelecek Etki Fonu (Future Impact Fund) on its investment in OctaiPipe, a UK-based end-to-end Edge AI platform optimised for creating, deploying, and managing machine learning solutions for industrial IoT. SuperSeed, Forward Partners, D2, Atlas Ventures, Martlet Capital and Deeptech Labs also joined the round. Gelecek Etki Fonu is a Capital Markets...

TURUNÇ has advised Sphera, a global provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services with a focus on environment, health, safety & sustainability (EHS&S), operational risk management and product stewardship, and a portfolio company of Blackstone, the World’s largest alternative asset manager,...

TURUNÇ has advised Boğaziçi Ventures on its investment in Lokum Games, a mobile games development studio. APY Ventures and other investors 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...

TURUNÇ has advised Boğaziçi Ventures on its investment in Toon Metal Games, a mobile gaming company. 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 Yıldızili Ergül, Naz...