The U.K. Ministry of Justice has recently issued its guidance (the “Guidance”) regarding the U.K. Bribery Act 2010 (the “Act”), which is to come into effect as of 1 July 2011. Given its extraterritorial jurisdictional implications, we believe that the Act is of relevance to Turkish and other non-U.K. companies...

Elektrik Piyasası Düzenleme Kurumu’nun 5 Nisan 2011 tarihli ve 27896 sayılı Resmî Gazete’de yayınlanan Elektrik Piyasası Lisans Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmeliği ile, bahsi geçen yönetmelikte (“Yönetmelik”) bazı değişiklikler yapılmıştır.Öncelikle, Yönetmelik’te yapılan değişiklikle altı yeni hüküm eklenmiştir. Rüzgar ve güneş enerjisine dayalı üretim tesisi kurmak amacıyla yapılan lisans başvurularında kaynak...

Sanayi ve Ticaret Bakanlığı’nın 18 Mart 2011 tarihli ve 27878 sayılı Resmî Gazete’de yayınlanan Sermaye Şirketlerinin Genel Kurul Toplantıları ve Bu Toplantılarda Bulunacak Sanayi ve Ticaret Bakanlığı Komiserleri Hakkında Yönetmelikte Değişiklik Yapılmasına Dair Yönetmeliği ile, görev süresi dolmuş yönetim kurulu ve denetim kurulunun genel kurulu toplantıya çağırabilmesine imkan imkân tanınmıştır....

The Turkish Ministry of Industry and Trade has issued a decree,* published in the Official Gazette and entered into force on 18 March 2011, amending certain rules governing general assembly meetings of capital stock companies. With the amendments, boards of directors and audit committees of capital stock companies are now...

On 16 March 2011, the Capital Markets Board of Turkey issued two communiqués, which amended certain provisions of two previously issued communiqués. Among other things, the amendments create certain exemptions for issuers whose shares are traded on the Emerging Companies Market of the Istanbul Stock Exchange and expand the scope...

TURUNÇ is pleased to announce that Kerem Turunç has joined the firm as a partner. Kerem joins us from Cleary Gottlieb Steen & Hamilton LLP, having worked in that firm’s New York and London offices. Kerem is an expert in cross-border financial and corporate transactions. He has extensive experience in...

Esin Çamlıbel authored the Turkey chapter of the third edition of The Private Competition Enforcement. The book is a multijurisdictional guide to private antitrust litigation in 24 jurisdictions. The contributing editor is Ilene Knable Gotts of Wachtell, Lipton, Rosen & Katz. You can download the Turkey chapter here. Please see our Publications page...

TURUNÇ is proud to announce the release of its new book Turkish Labor Law. Authored by founding partner Noyan Turunç and of counsel Professor Melda Sur, this book is a 239-page comprehensive treatise on Turkish labor and employment laws, including individual and labor relations, pensions and benefits, and restrictive covenants...

TURUNÇ is proud to announce the release of its new book The Law and Practice of Mergers and Acquisitions in Turkey. Authored by founding partner Noyan Turunç, this book is a 278-page comprehensive treatise on the legislation applicable to M&A transactions, and practice notes designed to guide lawyers as well...