Archive: Maart 2021

Ekin İnal and H. Alper Tüzün from İnal Ünver Attorney Partnership (in association with Norton Rose Fulbright in Turkey) have published a guide to FinTech in Turkey.

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.

A recent decision by the Turkish Constitutional Court constitutes a critical precedent with regard to the violation of the right to property.

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 Communiqué on Procedures and Principles Regarding Fees that can be Collected by Banks from Commercial Customers was amended.

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.

Recent amendments to the Regulation on Commercial Advertisements and Unfair Commercial Practices now provide for the concept of “misleading packaging.”

As of March 1, 2020, Turkey effectively levies its Digital Services Tax (“DST”) to a broad range of digital activities.

Led by Ayşe Yüksel Mahfoud (New York and Istanbul) and Brian Fenske (Houston), a cross-border team from the Istanbul and Houston offices of Norton Rose Fulbright advised Anghami – the leading music streaming company in the MENA region – on its merger with Vistas Media Acquisition Company Inc. to become the first Arab technology company to be listed on Nasdaq upon closing.