Insights

In this article, we provide a comprehensive exploration of legal practice in Türkiye, covering a wide range of topics including conflicts of interest, money laundering regulations, data protection laws, and alternative dispute resolution methods. We outline ethical standards for lawyers and discuss the regulatory framework governing legal practice. Additionally, we highlight recent developments in arbitration and mediation, emphasizing Türkiye's commitment to modernizing its legal system.

Ticaret Bakanlığının desteğiyle hayata geçirilecek Yeşil Mutabakata uyum projeleri, yeşil dönüşüm için bir yol haritası sunarak, ihracatçı şirketleri AB pazarında başarı için gereken araçlarla donatmayı amaçlıyor. Özellikle, şirketlerin uyum danışmanlığı giderleri ve TİM'in bu konudaki çalışmalarına yönelik giderleri için sağlanan kayda değer destek, yeşil dönüşüme yapılan önemli yatırımın altını çiziyor. Uygulama, AB pazarında başarı ve rekabet gücünün sağlanmasında kurumsal sürdürülebilirlik ve yeşil dönüşümün önemini vurguluyor.

Notable developments in data protection in Türkiye as the bill, featuring key amendments to the Personal Data Protection Law, has been given the green light in the Turkish Grand National Assembly. Pending the President's approval, the changes are set to take effect upon publication in the Official Gazette.

Digital transformation has simplified personal data collection but raised the risk of misuse. This article explores personal data protection legislation in court proceedings. Our article provides a comprehensive understanding of the intricate dynamics when personal data is a focal point in legal proceedings, emphasizing the importance of caution and awareness in data protection by data controllers and lawyers.

Explore the EU antitrust impact on pharmaceuticals (2018-2022). The recent report underscores the pivotal role of antitrust measures—promoting fair medicine prices, addressing anticompetitive practices, and shaping the future of pharmaceutical enforcement in Europe. In times of robust enforcement in both the EU and Türkiye, strategic compliance becomes imperative, providing pharmaceutical companies with a competitive edge.

As technology evolves, our legal exploration grapples with the impact of Digital Inheritance on both daily life and legal frameworks. This article delves into the realm of inheriting digital assets, encompassing cryptocurrencies, social media accounts, and iCloud data. Key rulings in Germany and Türkiye shed light on the inheritance of digital legacies, underscoring the crucial need to align digital platforms with legal principles. Our exploration extends to pivotal issues, including user agreements, telecommunications privacy, and personal data protection, collectively shaping the future landscape of digital heritage management.

In a significant development for Turkey's business environment, the Public Oversight, Accounting, and Auditing Standards Authority has issued a crucial decision concerning Turkish Sustainability Reporting Standards (TSRS). This decision elucidates the conditions that determine which companies fall under the purview of TSRS. Serving as a cornerstone, the decision provides clarity for companies as they incorporate environmental, social, and governance aspects into their sustainability reports.

Applications will be accepted until March 1st, 2024.

In 2024, the U.S. anticipates the introduction of Bitcoin Exchange-Traded Funds (ETFs). Concerns arise as the SEC mandates cash redemptions over standard in-kind transactions, adding complexity and increased costs for issuers. In our news alert, we explore the implications of this pivotal shift in the cryptocurrency market.

In a transformative development for European ESG regulations, the Corporate Sustainability Due Diligence Directive mandates extensive due diligence by large companies, specifically targeting adverse environmental and human rights impacts across their value chain. This directive introduces civil liability and penalties, reshaping business practices. Once formally adopted by the European Parliament and the Council, the directive's holistic approach will extend globally, demanding proactive compliance from businesses to meet heightened ESG standards.

Our article explores the evolving perspective on Ethics and Compliance, navigating a transition from a focus on risk-centric concerns to strategically cultivating a competitive advantage. Highlighting the benefits of robust corporate compliance programs, we discuss their role in securing finance, enhancing employee satisfaction, and attracting investors. Emphasizing compliance's impact on customer perceptions, fraud reduction, and sustainable growth, we advocate viewing compliance as a comprehensive framework that meets evolving stakeholder expectations in a dynamic global landscape.

The European Parliament and Council have struck a historic deal on the Artificial Intelligence Act, prioritizing safety, EU values, and innovation. The legislation outlines regulations for high-risk AI, prohibits certain practices, and introduces a governance framework. Emphasizing transparency and fundamental rights, the EU's AI Act has the potential to become a global standard for AI regulation.

Binance, ABD yasalarını ihlal ettiği suçlamalarıyla ilgili yürütülen soruşturma sonucunda, rekor miktarda ceza ödemek ve ABD pazarından çekilmek zorunda kaldı. Yaşanan gelişmelerin, sektördeki diğer kuruluşları, uyum programlarını entegre etme konusunda teşvik etmesi beklenirken, uygulanan yaptırımların da sektörde bir dönüm noktası olduğu değerlendiriliyor.