Berk Cin has joined Kumkumoglu Ozdogan Ergun Attorneys At Law as a Name Partner, with the firm changing its name to KECO Legal (Kumkumoglu Ozdogan Cin Ergun Attorney Partnership).

A real estate sales agreement is an agreement that is executed by and between the buyer and seller for the acquisition of real estate and is regulated under the Turkish Code of Obligations No. 6098 (“Law No. 6098”). By executing the real estate sales agreement, the seller promises to transfer the real estate and the buyer promises to pay the sale price of the real estate. Pursuant to the Article 237 of Law No. 6098, real estate sales agreements are subject to the official form requirement. In order to fulfill this requirement, the real estate sales agreements used to be only executed before the land registrars since Article 26 of Land Registry Law No. 2644 (“Law No. 2644”) specifically authorizes land registrars to execute the real estate sales agreements.

In its decision dated 18.08.2018 and numbered AT.40099, the European Union Commission [the "EU Commission"] fined Google with 4.34 billion Euros for abusing its dominant position through requiring smartphone makers to take a bundle of Google apps, preventing use of other versions of Android and concluding anti-competitive revenue share agreements. The General Court [the “Court”] dismissed Google’s appeal and upheld the Commission’s decision by slightly reducing the amount of fine to 4.125 billion EUR. This was recorded as the highest penalty ever imposed by European competition authorities.

This article aims to provide information regarding the ancillary restraints under Turkish Merger Control Regime and also analyses the Turkish Competition Board’s (“Board”) Vinmar/Arısan decision which provides insight into the Board’s approach to assessing the scope of ancillary restraints in merger cases and foreshadows potentially stricter scrutiny over such restrictions.

Consumer Arbitration Committees’ Regulation (the "Regulation") was published in the Official Gazette dated 21.09.2022 and numbered 31960.

The Turkish market finds itself in demand, with European companies relocating their production facilities there, and the country gradually switching to green energy, according to GEMS Legal Schindhelm Partner Senem Kathrin Gucluer.

Moral, Kinikoglu, Pamukkale, Kokenek has advised Softline Holding on its acquisition of 80% of shares of Makronet Bilgi Teknolojileri from Gucly Tugay. Bener advised the seller.

Keco Legal has advised Getmobil on its TRY 27 million seed funding round with a valuation of TRY 180 million. Urer Law advised the investors on the deal. Gungor Law reportedly advised Getmobil as well.

GEMS Legal Schindhelm has advised TUV Austria Holding's subsidiary TUV Austria Turk on its acquisition of a 51% stake in the Mavi Akademi Group.

Paksoy has advised the European Bank for Reconstruction and Development on a EUR 50 million loan to Yapi Kredi Leasing.

Gide's Turkish affiliate Ozdirekcan Dundar Senocak has advised Serafin Group-backed Night Train Media on its acquisition of Korean media group CJ ENM’s majority stake in Eccho Rights.

Paksoy has advised Lesjofors on its acquisition of all shares in Telform. The NSN law firm reportedly advised the seller.

Taylor Wessing has advised VavaCars on its USD 37 million series C funding round.

Under the Turkish Commercial Code, a commercial enterprise is defined as an enterprise, operating continuously and independently, aiming to generate income which exceeds the income thresholds stipulated for tradesman (“esnaf” in Turkish) enterprises.

Dimici Aksoy Founding Partner Burak Dimici has been appointed by Straife Risk Management as its General Counsel in Turkey.

Contributed by Guleryuz & Partners.

Norton Rose Fulbright Turkish affiliate Pekin Bayar Mizrahi has advised Res Participations and Res Anatolia Holding on the sale of Galatya Enerji Uretim to Berges Elektrik Uretim.

Former TEB Cetelem Head of Legal Ayca Aydin Suzer has joined Fiba Yenilenebilir Enerji Holding as its Legal Director.