News

section-a6d208c
GARDEN LEAVE IN TURKISH LABOR LAW
GARDEN LEAVE IN TURKISH LABOR LAW

A garden leave refers to the period time during which an employee stays away from the workplace or works remotely and gets a salary and social aid during the notice period. This type of arrangement is often used by employers to protect business secrets and prevent employees from competing with themselves or getting another job during their notice period.

MOST RECENT DEVELOPMENTS IN TAX DUTIES, LEVIES AND CHARGES
MOST RECENT DEVELOPMENTS IN TAX DUTIES, LEVIES AND CHARGES

The most recent legal regulation on Fixed Duties, Value Added Taxes (VAT), Taxes on Consumer Loans and Game of Chance has been published in Turkish Official Gazette.

COMPANIES WHOSE SHARES TO BE TRADED ON THE VENTURE CAPITAL MARKET
COMPANIES WHOSE SHARES TO BE TRADED ON THE VENTURE CAPITAL MARKET

The Communiqué on Companies whose Shares to be Traded on the Venture Capital Market entered into force via publication in the Official Gazette dated 18 May 2023 and numbered 32194. The Communiqué sets the procedures and principles regarding the sale of shares of non-public private companies to qualified investors through capital increase without public offering on the Venture Capital Market, as well as liabilities and exemptions foreseen for such companies.

EXAMINATION OF HORIZONTAL SHAREHOLDING IN THE FRAMEWORK OF COMPETITION LAW
EXAMINATION OF HORIZONTAL SHAREHOLDING IN THE FRAMEWORK OF COMPETITION LAW

Horizontal shareholding, which is defined as an investor's non-controlling minority shareholding in several competing undertakings at the same time, can have anti-competitive effects. Although this case is not regarded as disturbative by Turkish competition law, it may become a main topic with its anti-competitive effects in our country in the future.

LEGAL RESPONSIBILITIES AND REGULATIONS ON ARTIFICIAL INTELLIGENCE
LEGAL RESPONSIBILITIES AND REGULATIONS ON ARTIFICIAL INTELLIGENCE

The legal consequences of the decisions and actions of artificial intelligence systems pose significant challenges due to the limited liability of legal subjects in traditional legal systems. Since there are no regulations in Turkish Law regarding the direct liability of artificial intelligence systems, the problems are evaluated according to the current legislation.

NEW REGULATIONS REGARDING ELECTRONIC COMMERCE INTERMEDIARY SERVICE PROVIDERS
NEW REGULATIONS REGARDING ELECTRONIC COMMERCE INTERMEDIARY SERVICE PROVIDERS

The Regulation on Electronic Commerce Intermediary Service Providers and Electronic Commerce Service Providers was published in the Official Gazette dated 29 December 2022 and numbered 32058 in which new concepts and regulations introduced by the Law on the Regulation of Electronic Commerce on 07 July 2022 are specified in detail.