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Turkish Competition Authority Fines Google TL 296 Million ($36.6 Million)!

The Competition Board has made a decision as follows as a result of its investigation; •             Google has a dominant position in the general search services market, •             Google’s own local search and accommodation price comparison services provides an advantage over its competitors by placing text ads at the top of its general search results,…
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Tolga Poyraz 2 N 2

The Singapore Convention was Ratified by Turkey

United Nations Convention on International Settlement Agreements Resulting from Mediation, also as known as the Singapore Convention was ratified with the Law no. 7282 published in the Official Gazette dated March 11, 2021 by Turkey. The signing ceremony of the Convention was held in Singapore on August 7, 2019, and the Convention entered into force…
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Communiqués on “De Minimis” and “Commitment” of the Competition Authority have been published in the Official Gazette and entered into force!

Communiqué on Commitments for Preliminary Inquiries and Investigations on Anticompetitive Agreements, Concerted Practices, Decisions and Abuse of Dominant Position was published in the Official Gazette and entered into force. The purpose of the Communiqué is to regulate the procedures and principles regarding the following issues: Submitting a commitment by the relevant undertakings or associations of…
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The Competition Board Launched a Sector Inquiry for the Online Advertising Sector

With its announcement dated 06.03.2021, the Turkish Competition Authority announced that The Competition Board has decided to conduct a sector inquiry, in order to identify behavioral and / or structural competition problems in the online advertising sector, to develop solutions to these problems and to discuss the adequacy of existing competition law instruments in terms…
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Periods of Termination Restriction of Employer and Unpaid Leave Have Been Extended

With the Law No. 7244 on Reducing the Effects of the New Coronavirus (Covid-19) Pandemic on Economic and Social Life, the temporary article 10  was added to the Labor Law numbered 4857 and the prohibition of termination of employment contract by the employer  and unpaid leave without the written consent of the employee from 17.04.2020.…
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Short Time Working Allowance Period is Extended

As it is known, with the provisional article 23 of the Unemployment Insurance Law No. 4447, in cases where the weekly working hours in the workplace are temporarily reduced by at least one-third due to the COVID-19 epidemic or the workplace is stopped working completely or partially for at least four weeks without the condition…
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Tolga Poyraz 2 N 2

Bearer Share Certificates Will Be Notified to the CRA

By the Law to Fight Against Proliferation of Financing Weapons of Mass Destruction No. 7262 (“Law”) published in the Official Gazette dated December 31, 2020 and numbered 31351, many amendments were enacted for the Turkish Commercial Code (“TCC”), including bearer share certificates. With this newsletter, we aim to provide information about the amendments enacted in…
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The Termination Prohibition Period Extended!

Within the scope of the measures taken due to the COVID-19 pandemic that affected the whole world and our country, with the Provisional Article 10 added to the Labor Law numbered 4857, a termination prohibition for 3 months was imposed[…]

Application for Short – Time Work Allowance and Allowance Periods Have Been Extended!

With the Presidential Decrees dated December 22, 2020 and numbered 3316-3317 published in the[…]

Application Time Extended for the Short – Time Working Allowance

As it is known, according to the provisional article 23 of the Unemployment Insurance Law numbered 4447, an application had to be made until 30/06/2020[…]