Summer/Fall 2020 Newsletter

Bültenimizin bu sayısında aşağıdaki makaleler yer almaktadır. Makalelerin sadece İngilizce olarak yazılmış olmaları sebebiyle orijinallikleri bozulmadan sunulmuştur:

We are happy to present you with our first newsletter of 2020, which was to a great extent finalized  before the unfortunate spread of the COVID-19 pandemic.

During these unprecedented times in which our country as well as the entire World must deal with the severe consequences of this pandemic, our goal is to assist our Clients with their legal needs specific to the consequences of COVID-19 while also maintaining our high quality service for any other legal needs they may have. In addition to daily legal updates on our website dedicated to COVID-19 related legal topics, in this issue, we also feature an article guiding members of boards of directors during their decision and strategy making processes to deal with the rapidly changing effects and consequences of COVID-19.

This recent issue also reflects a balanced composition of articles touching upon the legal aspects of some of the most important technological developments in recent years such as the use of drones and the emergence of smart contracts in the era of blockchain technology. This issue also covers rather technical topics as reflected in our article offering a thorough analysis of the challenging aspects of international territorial disputes in terms of natural gas exploration activities.

Our series covering Islamic financial instruments continues with an article offering an introduction to the concept of “hedging” under Islamic law governed finance transactions. In terms of infrastructure investments in the age of the growing funding gap, our project finance team explores the concept of project bonds for financing infrastructure investments, following our article in the previous edition of our newsletter discussing the use of sukuk to reduce the ever-growing funding gap for much-needed infrastructural developments.

Following our article on the legal troubles that CEOs may face when using their personal social media accounts in a manner  that circumvents capital markets disclosure requirements, this time we take a look at the use of “covert advertising” on social media platforms, which may also prompt legal issues if not used in compliance with the applicable advertising legislation.

Our real estate team presents a guide-like article that walks readers through the process of acquiring Turkish citizenship via investment, while the fairly recent UN Treaty, the Singapore Convention on Mediation, is analyzed by our arbitration team. Our competition law team contributes to our latest issue with an article on the utilization of “leniency” in breaches of competition law, which requires a careful examination of the Turkish Competition Board’s precedents.

We hope that you enjoy the latest issue of our newsletter and that we will soon, all together, enjoy healthier days.

• Featured Article – Arbitration During the COVID-19 Pandemic
• New FX Related Regulations for Foreign Capital Companies
• Recent Developments Concerning Strategic Environmental Assessment
• The Rapid Regulation of Cryptocurrencies
• A New Global (?) Infrastructure Initiative: the Blue Dot Network
• The Concept of a Secondary Mortgage Market: Lifeline for the Turkish Real Estate Market?
• Dealing with Multi-tiered Arbitration Clauses
• Whistleblowing in the European Union and Turkey
• Judicial Review of the Presidential Decrees in Light of the Recent Decisions of the Turkish Constitutional Court
• Wa`d Based Islamic Hedging Structures
• Concordato in its Revised Form: Practical Issues Faced