Kerem Turunç will be one of the speakers at EuroFinance’s 8th Annual Conference on Cash, Treasury and Risk Management in Turkey. This year’s theme is “how world crises can change your financial management for the better” and will include a diverse array of topics, including Basel III rules, mobile banking, credit insurance and accounting standards...

TURUNÇ has sponsored the 9th Annual Asia-Pacific In-House Counsel Summit. The event was organized by asialaw (a division of Euromoney Institutional Investor) in association with the International Bar Association, Hong Kong Corporate Counsel Association and the Legal Media Group, and held in Hong Kong on March 21 & 22, 2012. Noyan Turunç, Kerem Turunç and...

TURUNÇ is advising Egeli & Co., a Capital Markets Board-regulated investment firm, in connection with its proposed acquisition of Ortaklar Hayvancılık Gıda ve Tarım, a livestock and farming company. The parties have entered into a letter of intent with respect to the transaction, the closing of which is subject to the execution of definitive documentation,...

Kerem Turunç’s article entitled “Up and Coming” was published in the special Turkey supplement of the July/August issue of the International Financial Law Review (IFLR) magazine. The article is an overview of the Turkish capital markets, in particular the recent efforts to harmonize the country’s securities legislation with EU regulations. The article is available on...

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 doing or thinking about doing...

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 bazında standardına uygun ölçüm bulundurulması...

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. Aşağıdaki tabloda bahsi geçen yönetmeliğin...

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 permitted to call a general...

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 of certain exemptions and thresholds...