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At BASEAK, we bring together top tier talent found at the intersection of industry knowledge and substantive legal expertise. Start by clicking here
Balcıoğlu Selçuk Akman Keki (BASEAK) has strengthened its presence with a maritime law team of four.
The firm has appointed Gülistan Baltacı and Semih Sander as partners to its maritime law group. They are also joined by two lawyers.
Too big to fail in Turkey
A new banking regulation, “Systemically Important Banks” (the Regulation), has come into force upon its publication in the Turkish Trade Registry Gazette on 23 February 2016.
BASEAK is always looking to invest in the highest-quality talent, recognizing that our success is built on the diverse and unique strengths of each member of our Firm.
With over 75 lawyers and professionals across the full spectrum of legal experience, BASEAK is uniquely positioned to leverage the collective local and global experience of its members and deliver sophisticated and innovative legal services to our clients. Please visit our careers page for more information.
We provide internship programs for legal trainees and summer students
At BASEAK, we offer legal trainees the opportunity to gain exposure to high quality work at both domestic and international levels. We also have programs designed for summer students. We understand that the future of our firm is built on the students we hire and therefore providing quality student recruitment and development programs is a key focus in our firm. Please visit our Careers pages for more information on internship opportunities.
When the business and legal landscapes of your industry change today, they can impact your company almost immediately. You need to get the facts, so you can make the best decisions possible to ensure your continued success. At BASEAK, we communicate that critical information to our clients through industry-specific client alerts. Our most recently published alerts appear below.
Showing 1 - 10 of Total Results (26)
The Capital Markets Board of Turkey further amended the Communiqué on Real Estate Certificates on 7 March 2017, which was initially enacted on 5 July 2013 and which introduced real estate certificates, a new type of investment instrument intended to help finance real estate development projects. Read more
The Capital Markets Board (“CMB”) amended the Communiqué on Debt Instruments (II-31.1) (“Debt Instruments Communiqué”) on 18 February 2017 via an amendment Communiqué published in the Official Gazette (“Amendment Communiqué”). Amendments introduced by the Amendment Communiqué are mostly in favor of issuers, such as reduced procedures for overseas issuances, ability for the issuer to buyback issued bonds, abandonment of the early redemption plan requirement and reduction in board fees. Read more
The Capital Markets Board of Turkey (CMB) amended certain provisions of the (i) Communiqué Serial: II No: 15.1 on Material Events Disclosure (Material Events Disclosure Communiqué), (ii) Communiqué Serial: VII No: 128.6 on Public Disclosure Platform (Public Disclosure Platform Communiqué), and (iii) Communiqué Serial: III No: 37.1 on Principles Regarding Investment Services, Activities and Ancillary Services (Investment Communiqué). Read more
Decrees of the Council of Ministers regarding (i) Institutions, Resources and Assets Transferred to Turkish Wealth Fund and (ii) Transfer of Assets to Turkish Wealth Fund as well as Transfer Decision of the Directorate of Privatization Authority regarding share transfer to Turkish Wealth Fund. Read more
Law No. 6663, which entered into force on 10 February 2016, introduced significant improvements to employees’ parental rights. Whether these new rights are sufficient to allow for workplace practices to adapt to the realities of modern family life is questionable, but they certainly can be seen as a step forward. More specifically, the changes introduce; (i) the right for new parents to work part-time for a meaningful period of time, (ii) maternity leave, under certain circumstances, for fathers and adopting parents, (iii) the right to unpaid leave, after maternity leave has been fully used, for half of the normal weekly working time for a specific period of time, and (iv) the entitlement, after giving birth or adopting a child, to half-time working allowance to be paid by the Social Security Administration. Read more
The Decree of Council of Ministers regarding the Procedures and Principles on the Structure and Operation of Turkish Wealth Fund Management Incorporated dated 17 October 2016 and numbered 2016/9429 was published in the Official Gazette on 9 November 2016. Read more
The Prime Ministry Circular regarding Istanbul International Financial Center numbered 2016/24 was published in the Official Gazette dated 11 November 2016 and numbered 29885. Read more
The Law on Pledges over Movable Assets in Commercial Transactions numbered 6750 was published in the official gazette on 28 October 2016 and will come into force on 1 January 2017 (the "Law on Pledges over Movables"). With its enactment, the Commercial Enterprise Pledge Law dated 21 June 1971 and numbered 1447 (the "Commercial Enterprise Pledge Law") will be repealed but will remain applicable for commercial enterprise pledges which are already established before 1 January 2017. Read more
The European Commission started a sector inquiry into e-commerce on 6 May 2015 as a part of its Digital Single Market Strategy. On 15 September 2016 the Commission published a Preliminary Report (Report) which provides initial findings of the sector inquiry. During the launch of the Report, the EU Competition Commissionaire Margarethe Vestager mentioned the freedom of online sales strategies of the companies, and she emphasized the role of competition authorities to check whether those practices comply with competition laws. She also stated that companies should read the report when reviewing their distribution contracts. Read more
Turkish Industry & Business Association (TUSIAD) has launched a report entitled “Inflation in the Food Sector in the Perspective of Structural Issues” on 28 September 2016. Read more
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