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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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Turkey’s Recent Presidential Decree Sets New Rules of Security and Defense-Related Procurement by Ministry of Interior

Presidential Decree No. 758 (“Decree”) published on Turkish Official Gazette, dated February 14 2019,

Herdem / 2019-02-26

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Individual Rights Provided by General Data Protection Regulation (‘GDPR’)

As compliance with GDPR in period ahead of less than 3 months is an absolute must, essentially for those who must deal with data protection both for profit-driven goals and for reputational stability and security. The following sections will explain only a part of the..

Herdem / 2018-03-02

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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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Financial Leasing as a Method of Aircraft Financing

An aircraft financial leasing agreement simply consists of the lessor’s (financer) debt of transferring all the substantial risks and rewards of ownership concerning the aircraft to the lessee (customer) while receiving rental in exchange[1].

Herdem / 2019-02-15

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Thriving in Defense Market as a SME

The global market has been now for years witnessing a process of becoming more and more transparent. Technological abilities and capabilities actually are the primary reason for this. Digital area that internet and its components provide for enable the users to supply..

Herdem / 2018-01-15

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