Taylor Wessing Counsel Tugce Yalcin – who joined the firm in March 2023 from DLA Piper – will head the firm's newly established CEE Turkish Desk in Vienna.

Paksoy, working with Winston & Strawn, has advised MCC Verstraete on its acquisition of Korsini-Saf Ambalaj from Korozo Ambalaj and Enrico Corsini.

Since the parties cannot resort to state courts as long as there is an arbitration agreement (Article 5 of the ICC and Article 413 of the CCP), the parties may be deprived of the right to resort to state courts if the arbitration proceedings take longer than necessary. On the other hand, one of the most important advantages of arbitration is that arbitral proceedings can be completed in a shorter period of time than state courts. Taking these principles into consideration, the legislator has limited the arbitration proceedings to a time limit in the International Arbitration Law and the Code of Civil Procedure.

Kumkumoglu Ergun Cin Ozdogan has advised Robeff Technology on its USD 200,000 seed investment round led by Yildiz Tekno GSYO and supported by Adventures GSYF. The Guclu Law Firm advised the lead investors.

Paksoy has advised Dogan Sirketler Grubu Holding and members of the Aytemiz family on the sale of Aytemiz Akaryakit Dagitim to Tatneft.

Initially regulated as a voluntary mediation system, through its official introduction to our legal system with the adoption of Law No. 6325 on Mediation in Civil Disputes in 2012, such was later accepted as "mandatory" in labor disputes, then in commercial disputes, and finally in consumer disputes.

The Bosnia & Herzegovina-based law firm Ibrahimovic & Co has launched its dedicated Turkish Desk with the addition of Feyza Gerger Erdal, who will head the new department. 

In judicial proceedings, parties prefer arbitration because it is often faster than state courts. However, arbitration proceedings also require a certain period of time to reach a final arbitral decision. During this period, interim protection measures are needed to ensure that the proceedings achieve the desired goal and to guarantee the rights to be obtained as a result of the proceedings. In case of the protection of monetary receivables, a precautionary attachment is decided, and in case of the protection of rights other than money, a precautionary injunction is decided.

On April 6, 2023, Gide Turkish affiliate Ozdirekcan Dundar Senocak announced that Saint-Gobain's plaster and plasterboard joint venture deal with Dalsan in Turkey (reported by CEE Legal Matters on May 4, 2022) was completed.

As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.

Egemenoglu has advised Koza Polyester on its IPO, with Garanti Yatirim Menkul Kiymetler as the intermediary institution.

The Capital Markets Board [the "CMB"] introduced critical amendments to the sale methods and distribution principles to be applied to initial public offering of shares of non-public companies with the publication of its Decision No. i-SPK.128.21 [the “Decision"] on March 30, 2023. Accordingly, the relevant provisions of the Communiqué on Sales of Capital Market Instruments No. II.5.2 of the CMB will be superseded by the rules outlined in the Decision until a contradicting decision is made.

On 1 April 2023, the Information Technologies and Communications Authority (ITCA) published decision no. 2023/DK-İD/119, dated 28 March 2023, regarding the new set of Principles and Procedures for Social Network Providers ("New Principles and Procedures") in the Official Gazette no. 32150.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Revo Capital on its investment in DefensX.

The fast-moving consumer goods (FMCG) retail sector has been put under the spotlight by the Turkish Competition Authority (the “TCA”) once again.

The Law on the Restructuring of Certain Receivables and Amendments to Certain Laws has entered into force by being published in the Official Gazette dated March 12, 2023.

Egemenoglu has advised Anel Elektrik Proje Taahhut ve Ticaret on its loan restructuring agreement with the Is Bank, Denizbank, Akbank, and Vakif Katilim Bank.

Bagzibagli Erdem & Sahin has advised Geo Jeotermal Yatirimlari on receiving an investment from Iz Investment Holding and private investors.