Paksoy and Germany's Schulteriesenkampff law firm have advised Imerys on the acquisition of a 60% stake in the Haznedar Group, via its subsidiary Calderys Deutschland GmbH, from several individual shareholders. The AK Law Firm advised the sellers on the deal, which is expected to close in the last quarter of 2020.
In Turkey, a local and centralized commercial electronic communication management system (IYS) for obtaining, exercising, and tracking opt-in/opt-out requests as well as complaints from recipients of electronic commercial communications was established under the supervision of the Ministry of Trade, the competent authority, in line with recent amendments to the Regulation on Commercial Communication and Commercial Electronic Messages. Also, a company has been incorporated solely for the establishment and management of IYS on behalf of the institution authorized by the Ministry (IYSCo).
White & Case and its associated Turkish firm, GKC Partners, have advised Zynga Inc. on its USD 168 million acquisition of an 80% stake in Rollic, a mobile games developer and publisher, from Mehmet Can Yavuz, Deniz Basaran, Burak Vardal, Volkan Bicer, Mehmet Ayan, and Yunus Emre Gonul. Caliskan Okkan Toker advised the sellers on the deal, which is expected to close on October 1, 2020.
Antitrust authorities follow closely the transformation in communication technologies with the intent to preserve the efficiency of their investigative practices and evidence search, during handling their cases. Otherwise the authorities will be on the verge of losing their operability in detecting and proving infringements. A fresh amendment on Turkish Competition Act clarifies Turkish Competition Authority’s (TCA) powers associated with down-raid regarding digital documents. In this brief article, we authored TCA’s recent Burdur LPG Case, TCA imposed fine on LPG retailers of the city of Burdur, based on the evidence extracted from WhatsApp communication between executives of the undertakings.
Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Anatolia B.V., a subsidiary of agricultural exporter Tiryaki Agro Foods Industry, on the sale of 25.58% shareholding in Sunrise Foods International Inc. to Hassad Holdings Canada. Dentons advised Tiryaki on English law matters, while Herguner Bilgen Ozeke advised Hassad on the deal.