Inside Türkiye: Blog

The Capital Markets Board (CMB) unveiled a significant regulatory framework for crypto asset trading platforms.

A recent information note by the Personal Data Protection Authority brings in new updates to the Personal Data Processing Requirements, parallel to the EU General Data Protection Regulation.

Due to the difficulties for certain sectors to reach the increased financial thresholds while considering an IPO, the Capital Markets Board recently announced a principle decision regarding the decrease of the monetary thresholds.

The amendments to the Law on Protection of Personal Data No. 6698 with the Law Proposal No. 7499 on the Amendment of the Criminal Procedure Law and Certain Laws is published at the Official Gazette of Türkiye on 12th of March, 2024.

The Turkish Constitutional Court recently issued a notable decision on the matter of inconsistencies observed in the decisions rendered by 13th Civil Chamber of the Court of Appeal regarding non-pecuniary damages cases filed on the grounds of damage to the right of personality due to breach of contract.

The Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Currency (“Communiqué”) has been amended with the Communiqué (No: 2024-32/69) Amending the Communiqué.

Under Turkish law, if a creditor files a claim before an execution office when their receivable is not based on a court judgment or a pledge, the execution office will send a payment order to the debtor.

Under the Guidelines, the Board underlined the importance of the protection of the personal data of data subjects in mobile applications used in smart devices.

Türkiye’s M&A outlook is driven by a number of factors which may be difficult to forecast.

The amendments introduced the Insurance and Private Pension Supervisory and Audit Authority and Board into the lexicology of the regulation.