While it could be one of the world’s leaders in solar power, Turkey has still not fully tapped its potential ...
Inside Turkey blog
Legal developments around Turkey
Preparation of data inventory
According to Regulation on Data Controller Registry (the “Regulation”), data controllers who are required to register with VERBİS (the data controllers’ registry system) must keep a data inventory
Data breach notification under Turkish law
Under Turkish data protection rules, data controllers (including foreign data controllers) must notify the data subjects and the Data Protection Authority (the “DPA”) as soon as possible
Transparency International’s Corruption Perception Index of 2019 is released
Each year Transparency International (“TI”) scores countries and territories on how corrupt their public sectors are perceived to be.
Turkey introduce valuable residence, accommodation and digital services taxes
Posted in Banking and finance
On December 7, 2019, a number of tax laws were amended with the Law No. 7194 on Digital Services Tax and Amendment to Certain Laws and Law Decree No. 375. Among other changes, three new taxes were introduced.
Increased US Sanctions on Iran
Posted in Sanctions and export controls
On January 10, 2020, the US significantly increased sanctions on or related to Iran.
Non-US citizen convicted of violating the Foreign Corrupt Practices Act despite no practical ties to US
A jury in a federal court trial in Connecticut recently convicted Lawrence Hoskins, a former Alstom SA executive and United Kingdom national, for participating in a scheme to bribe government officials.
BiGa digital gold: Blockchain-based, physically-backed gold transfer infrastructure developed by Takasbank
Istanbul Clearing, Settlement and Custody Bank (“Takasbank”) has been working on a new transfer infrastructure platform called BiGa
Turkish Data Protection Board announces extension of VERBİS registration deadline – once again
The Turkish Data Protection Board (“Board”) announced the extension of VERBİS registration deadline until June 30, 2020.
2019 Litigation Trends Annual Survey
In global law firm Norton Rose Fulbright’s 2019 Litigation Trends Annual Survey, a majority of corporate counsel respondents said they foresee an economic downturn that will lead to a rise in disputes.