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Legal Update: Recent Sanctions on Iranian Entities

On September 3, 2019 U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”) has announced new sanction to entities based in Iran.

Herdem / 2019-09-10

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Delegation and Division of Representation and Management in Joint Stock Companies

As per the Turkish Commercial Code dated 6102 and numbered 14.02.2011, Board of Directors (“BoD”) is the authorized body of a joint stock company (“JSC”) for the representation and management of the company.

Herdem / 2019-09-03

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Notification of M&A Transactions to Turkish Competition Board

There is a concrete connection between M&A transactions and competition law since economic centralization may have negative effects in the market.

Herdem / 2019-09-03

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Enforcement of a Foreign Judgment in Turkey

Global economy highly depends on the co-operation of companies from all over the world. Today, parties may do business with a foreign partner bound by a quite different legal jurisdiction.

Herdem / 2019-09-03

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Personal Data Processing Through Video Devices

Widely use of the video surveillance systems is an unpreventable feature of evolving tech friendly world.

Herdem / 2019-09-03

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Piercing the Corporate Veil Under Turkish Law

Piercing the Corporate Veil (“Concept”) is a term of art describing the method used by courts to prevent companies’ shareholders from avoiding their responsibilities to third parties by sheltering to the limited liability of the company.

Herdem / 2019-08-13

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