News

section-a6d208c
A SIGNIFICANT STEP FROM THE EUROPEAN UNION: CARBON BORDER ADJUSTMENT MECHANISM
A SIGNIFICANT STEP FROM THE EUROPEAN UNION: CARBON BORDER ADJUSTMENT MECHANISM

The European Council has signed an important regulation on 10 May 2023 for the reduction of carbon emission and sustainability. Carbon Border Adjustment Mechanism which is regulated by the Act of the Parliament numbered 2023/956 has become effective as of 1 October 2023.

AMENDMENTS UNDER THE PERSONAL DATA PROTECTION LAW
AMENDMENTS UNDER THE PERSONAL DATA PROTECTION LAW

Amendments on the Code of Criminal Procedure Law No. 7499 and Certain Laws was published in the Official Gazette dated March 12, 2024 which introduces significant amendments to the Law No. 6698 on the Protection of Personal Data. Considering these amendments as a whole, it is clear that the PDPL is aligned with the General Data Protection Regulation implemented in the European Union, and that transitional solutions have been developed to facilitate the work of internationally active data controllers.

AMENDMENTS TO THE COMMUNIQUÉ ON THE DECISION NUMBERED 32 ON THE PROTECTION OF THE VALUE OF THE TURKISH CURRENCY
AMENDMENTS TO THE COMMUNIQUÉ ON THE DECISION NUMBERED 32 ON THE PROTECTION OF THE VALUE OF THE TURKISH CURRENCY

The Communiqué Amending the Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Currency was published and entered into force on February 28, 2024.

 TURKEY SUSTAINABILITY REPORTING STANDARDS (TSRS)
TURKEY SUSTAINABILITY REPORTING STANDARDS (TSRS)

Turkey Sustainability Reporting Standards ("TSRS") are announced by Public Oversight, Accounting and Auditing Standards Authority and published in the Official Gazette dated 29.12.2023. The Standards of IFRS S1 (“General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (“Climate-related Disclosures”), which are constituted within International Financial Reporting Standards (“IFRS”) and published by International Sustainability Standards Board (“ISSB”).

COLLECTIVE REDUNDANCY  IN ACCORDANCE WITH LAW NO. 4857 ON EMPLOYMENT
COLLECTIVE REDUNDANCY IN ACCORDANCE WITH LAW NO. 4857 ON EMPLOYMENT

The reflection of difficult economic times on working life is often seen as collective redundancy and creates many new individual and social situations. Collective redundancy is included in our legislation in parallel with international regulations.

ADAPTATION TO THE DIGITAL REVOLUTION: EUROPEAN UNION THE DIGITAL SERVICES ACT
ADAPTATION TO THE DIGITAL REVOLUTION: EUROPEAN UNION THE DIGITAL SERVICES ACT

With the gradual growth of the digital economy and the increasing number of digital service providers, it has become necessary to clarify certain obligations for a safe online environment in terms of issues such as consumer protection in the European Union. In this regard, the Digital Services Act ("DSA"), which entered into force on 16.11.2022, appears as a regulation that will direct the digital future of the European Union.