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Contractual Liability and Damages in Turkish Law

Today, most contracts have liability and damages clauses stipulated for the purpose of protecting the injured party (generally the obligee). However, as a result of the substantial increase in the international trade, contracts with multinational characteristics become

Herdem / 2019-08-13

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Characteristics of Data Processing Agreements

Data Processing Agreements (“DPA”) are entered by and between data controllers and data processors. These contracts arrange how the obligations of the parties will be fulfilled in order to ensure a lawful data processing that will take place during the term of the main

Herdem / 2019-08-13

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Legal Update: United Nations Convention on International Settlement Agreements Resulting from Mediation (The Singapore Convention on Mediation) was signed by 46 countries on August 7, 2019 in

A landmark United Nations treaty which aims to promote the use of mediation in settling cross-border commercial disputes was signed by 46 countries on August 7, 2019 in Singapore and named after “The Singapore Convention on Mediation”.

Herdem / 2019-08-07

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Bilateral Investment Treaties (“BIT”) and Standards of Protection in Energy Sector

Developing countries which tend to attract foreign investors to invest in energy sector, have signed numerous Bilateral Investment Treaties (“BIT”) to secure potential investors from financial and environmental risks.

Herdem / 2019-08-02

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Open Source Licensing and Turkish Law

Open source is a type of licensing agreement that allows users to freely modify a creative work, use such work in variety of ways, and integrate the work into a larger project that intends to create a new creative work or derive a new work based on the original source.

Herdem / 2019-08-01

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Legal Update: Sixty-one (61) companies in 2019 were granted “International Trading Company” status by Communique of International Trading Companies.

Many joint stock companies operating in the field of international trade in Turkey, initiate necessary proceedings to acquire International Trading Company Status in order to benefit from its’ privileges and/incentives.

Herdem / 2019-08-01

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