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A First Time Decision by the Turkish Personal Data Protection Board: Allowing Cross-Border Data Transfer by Approving a Letter of Undertaking Application

The Turkish Data Protection Board (the “Board”) stated that the letter of undertaking (taahhütname) application submitted by TEB Arval Fleet Management Company (as the data controller) for cross-border transfer of personal data was accepted on 9 February 2021 as per Article 9/2 of the Turkish Personal Data Protection Law No.6698. Thus, the Board allowed a […]

The Status of Renewable Energy Resource Documents in Turkey

Today’s energy transformation has led major energy consumers to explore new business models to take part in energy transition and use them for their own needs.  Corporate consumers, who have an important place in accelerating the energy transition, have voluntarily turned to renewable energy supply to achieve the reducing greenhouse gas emission targets expected of […]

SMART CONTRACTS – AKILLI SÖZLEŞMELER, UYGULAMA ALANLARI, AVANTAJ VE DEZAVANTAJLARI

Blokzincir (blockchain) teknolojisinin hukuki, finansal ve teknolojik açıdan pek çok yeni kavramı ve gelişmeyi beraberinde getirdiği ve bu yeniliklerin yakın gelecekte hayatlarımızı şekillendirebileceği bilinen bir gerçektir. Hukuk kurallarının teknolojideki gelişmelere aynı hızda ayak uydurması kolay olmamakla birlikte blokzincir ağı üzerinden çalışan “akıllı sözleşmeler” (smart contracts) de hukuk dünyasında hala şüphe ile karşılanmaktadır. Bu kapsamda sözleşme […]

Novelties in the Turkish Electricity Market-December 2020

The Law amending the Electricity Market Law and Several Laws was published in the Official Gazette dated December 2, 2020.  The main changes introduced by the law amendment are as follows: – It has been stated that the Renewable Energy Resources Support Mechanism (RESSUM) prices will be applied in Turkish Lira for power plants that […]

Elektrik Piyasasında Güncel Gelişmeler – Aralık 2020

Elektrik Piyasası Kanunu ve Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun 2 Aralık 2020 tarihli Resmi Gazete’de yayınlandı.  Kanun değişikliği ile getirilen ana yenilikler şöyle: – 30/06/2021 tarihinden sonra devreye girecek santraller için YEKDEM bedellerinin Türk Lirası olarak uygulanacağı belirtilmiş, bu konudaki usul ve esaslarının çıkarılması konusunda Cumhurbaşkanı’na yetki verilmiştir. – Lisanssız elektrik üretim faaliyeti kapsamındaki […]

THE RIGHTS OF LANDOWNERS IN TURKISH MINING LAW

Introduction Globally, two distinct legal frameworks or systems that regulate mining activities exist: whereas in common law countries, such as the USA and Australia, mines belong to the proprietors of the relevant mining lands (i.e. the landowners own the mines), in civil law countries, such as Turkey, the State and not the landowners own the […]

FINANCIAL LEASING UNDER TURKISH LAW

Under Financial Leasing, Factoring And Financing Company Law Numbered 6361 (hereinafter referred as “Law”), Financial Leasing is stated as a leasing transaction enabling one of the following aspects on condition to be based on a financial leasing contract; transferring the possession of an asset by the lessor authorized pursuant to the Law or related legislation to […]

CYBERSECURITY AND DATA PROTECTION: DIRECTORS’ LIABILITY

There is no single company that does not deal with data. Employee files, fiscal reports, product information or business plans are easily falling within the definition of data and besets every company with data protection obligations. Bearing the potential to face severe implications alone brings data protection to the top priority for any company and […]

COVID 19 PRECAUTIONS- PRESIDENTIAL DECREE

COVID 19 PRECAUTIONS- PRESIDENTIAL DECREE On 22 March 2020 a Presidential Decree has been published on the Official Gazette and entered into force as precautions against COVID 19 pandemic. The Decree suspends all enforcement and bankruptcy procedures, except enforcement procedures due to maintenance payments, beginning from the Decree date until 30 April 2020.  Accordingly new […]