Topic: Corporate ma and securities

Highlights from the decisions of personal data protection board published on July 5, 2021.

A recently published Communiqué regulates the financing of projects for execution of public services.

Article 489 of the Turkish Commercial Code numbered 6102 (TCC) regulating the transfer of bearer share certificates was amended on December 31, 2020.

Global law firm Norton Rose Fulbright has advised leading Turkish white goods manufacturer Arçelik in its €78.3 million acquisition of Whirlpool Beyaz Esya Sanayi ve Ticaret AŞ, Whirlpool's wholly owned subsidiary in Turkey.

Amendments have been made to the Regulation on Authorization in the Electronic Communications Sector.

A new presidential decision dated April 22, 2021 has further extended the short term work allowance period to provide Turkish businesses and employees with certain assurances in response to the pandemic.

According to data provided on the Ministry of Industry and Technology’s website, there are currently more than 1,500 research and development (R&D) and design centers employing more than 70,000 people in Turkey.

The first relates to the mechanism applicable to the Commitments Offered During Preliminary Investigations and Investigations on Restrictive Agreements, Concerted Practices, Decisions and Abuse of Dominance, while the second exempts, except for clear and hardcore violations, certain practices which do not significantly restrict competition from investigation.

The Law aims to ensure a product’s safety and compliance with technical regulations.

A new presidential decision published in the Official Gazette on March 9, 2021 further extends several measures to provide Turkish businesses and employees with certain assurances in response to the pandemic.