Transfer of shares to a third party may cause harm to the existing shareholders and create undesired consequences for them. For example, share transfer may result in the entry of an undesired third party into the entity as a shareholder. Therefore, shareholders may require strict measures to be taken for protecting the corporate structure of the entity, preventing the entry of undesired third party to the entity, preventing deadlock when reaching a decision, preventing the sale of company’s shares to its competitors, protecting the rights of the minority shareholders, etc.

BTS & Partners has advised Eczacibasi Group’s corporate venture capital arm Eczacibasi Momentum on its investment in Virasoft Software Inc. Bircan Law reportedly advised Virasoft on its Series A financing round.

The Personal Data Protection Authority [“Authority”] has published a public announcement on September 28, 2021, with respect to the collection and processing of PCR test results and information regarding vaccination status being shared with third parties to mitigate potential health risks during pandemic.

Pelister Atayilmaz Enkur has advised the individual shareholders of Epsilon Composite Technologies and Defense Industry on the sale of a 51% stake in the company to Akkok Holding, ARD Holding, and NDC Holding. Herguner Bilgen Ozeke reportedly advised the buyers on the deal.

BTS & Partners has advised 500 Startups in its investment in Agave Games.

Paksoy has advised the EBRD on the acquisition of 5.92% of the shares in Biotrend Cevre ve Enerji Yatirimlari from Doganlar Yatirim Holding for USD 20 million. Akol advised Doganlar on the deal.

BTS & Partners has advised QNB Finansbank's venture capital operation Qnbeyond Ventures on its investment in digital marketing management platform Magnetiq.

BTS & Partners has advised Turkish private equity firm Turkven on merging IT companies Clonera and Pukta.

Dentons has advised SPI International shareholders Loni Farhi and Berk Uziyel on the sale of a 70% stake in the company to Canal+. Rymarz Zdort advised the buyer.

Following the death of a person, the fate of the wealth they created throughout their life, and how to ensure the continuity of this value is a common concern shared by many people. In Turkish law, these matters are regulated in the "Inheritance Law" book, which is the third book of the Turkish Civil Code No. 4721. In the first of our series of articles, in which we will examine the law of inheritance through various topics of interest, we will discuss the concept of inheritance and heirdom. In following articles, we will touch on the frequently asked questions regarding the law of inheritance.

Former Inal Unver Attorney Partnership Partner Ekin Inal has joined the International Finance Corporation as a Legal Counsel in Turkey.

Former ARC Avukatlik Burosu Managing Partner Cemal Araalan has joined Bezen & Partners as a Partner and Head of Litigation.

Employees may have access to important and confidential information related to the employer, including the company’s operations, clientele and trade secrets. Use of such information without employer’s knowledge may harm the legitimate interests of the employer. In this respect, an employee should not compete with his/her employer according to the duty of fidelity during the term of the employment agreement. As this is a statutory duty imposed on the employee, there is no need for such non-compete obligation to be explicitly set out in the employment agreement.

Akin Gump has advised Kuveyt Turk Katilim Bankasi on its USD 350 million issuance of fixed-rate resettable sustainability Tier 2 certificates due 2031.

Turunc has advised Bogazici Ventures on leading a TRY 7.8 million investment round into Acrome coding platform Riders. Ak Portfoy participated in the round. Erturan Sit Kosgeroglu reportedly advised Acrome and Riders on the deal.

In its decision dated June 8, 2021, and numbered 2018/5832, the Turkish Constitutional Court [the “Court”] ruled that the dismissal of the case in terms of non-jurisdiction nearly after seven years on the ground of the arbitration clause does not violate the right to property.

Turkish litigation-focused law firm Bozkurt Bozkurt has opened an office in New York. The new office will be headed by the firm’s US resident Partner Gokhan Bozkurt. The firm's Istanbul office will continue to be managed by Partner Mustafa Bozkurt.

Turunc has advised Bogazici Ventures on its TRY 4 million investment in the online therapy platform Hiwell. Tevetoglu advised Hiwell on the deal.