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Yeni Çıkan Yayınlar:      Nisan (36)      Mart (138)      Şubat (201)      Ocak (190)

Newsletter 2016

Newsletter 2016



Sayfa Sayısı
:  
502
Kitap Ölçüleri
:  
16*24
Basım Yılı
:  
2017
ISBN NO
:  
978-605-152-519-8

62,00 TL









We are honored to bring to you our new book "Newsletter 2016". Since 2010, at the end of each year we compiled the articles that are posted monthly on our website in a book to allow our readers an outlook on the year's key legal developments. This book of articles now published for the seventh year, has attracted growing attention from our clients, business partners and fellow practitioners over the years. While the book was well received by many of the readers, we are highly encouraged to keep the impetus and further develop and expand our work. It is a pleasure to see that the articles are frequently cited in a number of scientific studies and they are now considered reliable academic resources. This gives us pride and even greater motivation. We continued the tradition of the past years for this publication of Newsletter 2016. In 2016, our team wrote on a wide variety of legal disciplines some of which are in new areas of law developed in parallel to meet the needs of the today's business. Further we did not leave out the importance of comparative law and our team researched on the developments in foreign legislations including the European Union. In this seventh book, you will find articles on corporate law issues implementation of which we intend to shed some light on such as abuse of exercise of dominant position in joint stock companies, the concept of "important reason" in share transfer restrictions and the right to request information of the board directors. The increase in Public-Private Partnerships (PPPs) in the recent years inspired us to write about our considerable experience both in Turkey and a recent PPP in Ecuador where we acted as advisors from a comparative law perspective. Our team wrote extensively on the much discussed contemporary issues in competition law this year such as the cinema services sector report, passing-on defense and indirect purchaser rule in compensation claims, and price/margin squeezing and decisions of the Turkish Competition Board on the Association of Electricity Distribution System Operators (Elder) and Yemek Sepeti, an online food takeaway company. As a GAR100 listed law firm with a proven track record in international arbitration, it was inevitable for us to write on the landmark decision of Swiss Supreme Court for stay of the arbitration pending compliance with multi-tiered arbitration clause. In 2016, we witnessed a lot of amendments introduced to arbitration rules. Therefore our arbitration team enjoyed writing on Istanbul Arbitration Center (ISTAC) Rules, ICC Rules on expedited procedure and document production requests under the IBA Rules. In energy law, we particularly focused on writing a series of articles on the legislative amendments made in the licensed and unlicensed energy generation facilities and renewables. As customary over the years, we wrote on contemporary issues in capital markets, contract law (law of obligations), labor law and affairs, intellectual property, civil law and bankruptcy and collection litigation as well as tax law. The chapter on Legal Developments provides a global insight into material developments in international agreements, laws, regulations, communiques as well as a synopsis of the decisions of the Turkish Competition Board and the Privatization Authority, and a list of energy legislation made effective in 2016 and extracts of key court precedence. We believe that this last chapter portrays an executive look on legal developments of 2016.(ÖNSÖZDEN)

SUMMARY OF CONTENTS
PREFACE......................................................................................................V
CONTRIBUTORS ..................................................................................... IX
SUMMARY OF CONTENTS ...................................................................XI
LIST OF ABBREVIATIONS............................................................... XVII
COMMERCIAL LAW.................................................................................. 1
Consequences of Non-Attainment of Guaranteed Minimum Order
in Agency and Distribution Contracts ...............................................................3
Escrow Agreement in Turkish Law and Its Application in Mergers
& Acquisitions........................................................................................................10
Transfer of Assets in Company Spin-offs ........................................................15
Unlawful Exercise of Dominance..................................................................... 20
Cross Shareholding in Group of Companies ................................................. 26
Important Principles regarding Dividends in Joint Stock Companies.....32
Lifting the Corporate Veil: An Exceptional Concept of the
Shareholders’ Limited Liability Principle .......................................................39
Options and Similiar Rights of Shareholders in respect of the
Shares of Joint Stock Companies.......................................................................43XII
Non-Compete Clauses in Share Transfer Agreements Review of
the Court of Cassation’s Decision .................................................................... 50
Important Reason in Terms of Share Transfer Restrictions .......................59
Indemnity Clauses under Share Purchase Agreements .............................. 64
Right to Request Information and Examination of the Members of
the Board of Directors ..........................................................................................70
Single Shareholder Joint Stock Companies.................................................... 77
Share Transfers in Limited Liability Companies ..........................................81
Latest Amendments to the Turkish Commercial Code and the Law
on Cheques ............................................................................................................ 88
PUBLIC PRIVATE PARTNERSHIP (PPP) ..........................................97
Healthcare PPP Projects: Funders’ Direct Agreements.............................. 99
Healthcare PPP Projects: Payment Capacity of the Ministry of Health104
A Brief Comparison between Ecuadorian and Turkish PublicPrivate Partnership Arrangements..................................................................110
COMPETITION LAW.............................................................................115
Cinema Services Sector Report of the Competition Authority ...............117
Passing-On Defense and Indirect Purchaser Rule in Compensation
Claims Arising from Competition Law ........................................................124
Price / Margin Squeeze .................................................................................... 131
Recent Problems in Electricity Distribution Sector: ELDER Decision 137
Confidentiality of Written Communications between Lawyer and
Client In Accordance With Dow Decision................................................... 142
European Commission Preliminary Report on the E-commerce
Sector Inquiry ..................................................................................................... 147XIII
Footsteps of “MFN” Practice in Turkey: Yemek Sepeti Decision........... 151
State Aid in Turkish Competition Law......................................................... 156
Tüpraş Decision and the Rebate Systems......................................................161
ARBITRATION LAW .............................................................................165
Swiss Supreme Court Decided Stay of the Arbitration Pending
Compliance with Multi-tiered Clause........................................................... 167
Istanbul Arbitration Center Rules of Arbitration....................................... 173
ICC Rules on Expedited Procedure................................................................181
Soft Law in International Arbitration............................................................ 184
Document Production Requests in International Arbitration and
Due Process Concerns ...................................................................................... 188
Document Production Requests pursuant to IBA Rules on the
Taking of Evidence in International Arbitration – I .................................. 193
Document Production Requests pursuant to IBA Rules on the
Taking of Evidence in International Arbitration – II................................. 197
Promoting Settlement in International Arbitration...................................202
Expert Witnesses in International Commercial Arbitration ................... 210
Consent to Arbitrate in Investment Arbitration ......................................... 215
The Recent Philip Morris v. Uruguay Decision.......................................... 219
CAPITAL MARKETS LAW...................................................................225
Share Buy-Back by Listed Corporations....................................................... 227
Financial Reporting Principles of Mutual Funds .......................................238
Recent Developments Regarding Alternative Investment Funds in
Europe...................................................................................................................243XIV
LAW OF OBLIGATIONS........................................................................251
Legal Liability of Banks as Trustworthy Institutions................................ 253
Organizational Liability Added to Art. 66 of the Turkish Code of
Obligations Regarding Employer’s Liability................................................ 257
Can Errors in Predicting Future Facts Be Considered Fundamental
Errors? ................................................................................................................... 261
Contractual Penalty under Turkish Law.......................................................265
The Code on Movable Pledges and Its Innovations................................... 270
Financial Sale and Lease Back......................................................................... 275
The Obligation of Lessee to Return or to Purchase the Leased
Property under the Financial Lease Agreements ....................................... 279
ENERGY LAW..........................................................................................283
Proposed Exposure Draft to Amend the Regulation on Unlicensed
Electricity Generation.......................................................................................285
Significant Amendments to the Unlicensed Electricity Generation
Regulation............................................................................................................ 291
Key Points Regarding the Regulation on Certification and Support
of Renewable Energy Resources ..................................................................... 297
Key Points Regarding the Draft Regulation on Renewable Energy
Resource Areas....................................................................................................302
Regulation on Renewable Energy Resource Areas Entered into Force.308
LABOR LAW.............................................................................................315
New International Workforce Law and New Horizons for Foreign
Employment in Turkey ......................................................................................317XV
Draft Law Regarding Temporary Employment Relationship and
Private Employment Agencies ........................................................................ 322
Amendments to the Labor Law Introduced by Law Numbered 6663... 328
Workplace Practices........................................................................................... 332
Draft Law on Labor Courts.............................................................................. 337
Entitlement to Overtime Payment................................................................. 341
INTELLECTUAL PROPERTY LAW....................................................345
Prevention of Intellectual Property Rights Infringements through
the Internet .......................................................................................................... 347
Industrial Property Law Bill............................................................................ 352
LAW OF CIVIL PROCEDURE AND ENFORCEMENT AND
BANKRUPTCY........................................................................................359
Establishment, Structure and Functioning of Regional Courts of
Appeal ................................................................................................................... 361
Challenging Decisions of the Regional Courts of Appeal........................ 367
Recent Decision of the Court of Cassation on the Forfeiture of the
Right to Submit Evidence When the Respondent Fails to Submit
its Statement of Reply........................................................................................ 372
Concordat as an Alternative to Suspension of Bankruptcy...................... 377
TAX LAW ..................................................................................................383
Dismissal of Tax Penalties................................................................................ 385
Information Exchange under Turkish Tax Law .......................................... 390
Latest Amendments to the Stamp Tax Law ................................................. 395
MISCELLANEOUS.................................................................................399XVI
Personal Data Protection under Turkish and European
Legislation – II .................................................................................................... 401
UEFA Financial Fair Play Regulations .........................................................406
Termination of Subscription Agreements .....................................................411
LEGAL DEVELOPMENTS....................................................................415
Important International Agreements .............................................................417
Important Council of Ministers Resolutions .............................................. 426
The Grand National Assembly of Turkey Decisions ................................. 431
Important Changes and Developments in Laws......................................... 432
Important Changes and Developments in Regulations ............................434
Important Changes and Developments in Communiqués.......................443
Important Changes and Developments in General Communiqués....... 450
Important Changes and Developments ........................................................ 454
Important Legislation and Decisions regarding Competition................ 455
Important Legislation and Decisions regarding Mergers and
Acquisitions.........................................................................................................460
Important Publications and Decisions regarding Privatization .............480
Important Changes and Development regarding Energy Law................ 481
Important Case Law and Other Important Decisions ..............................490
THESAURUS............................................................................................491