Contributors Özdirekcan Dündar Şenocak Ak

Özdirekcan Dündar Şenocak Ak
Contact Information
  • Address: Esentepe Mah. Büyükdere Caddesi No:175 Ferko Signature (A Blok) Kat.16 34394 Şişli, İstanbul Türkiye
  • Email: [email protected]
  • Phone: +90 (212) 385 29 50
  • Website: www.odsavukatlik.com

Özdirekcan Dündar Şenocak Ak is a Turkish full-service law firm with a strong international background.

The firm has developed specific expertise in a wide range of industries including energy, finance, insurance, luxury and cosmetics, hospitality, automotive, communication and technology. Drawing on a team comprising solution-oriented lawyers experienced in handling large-scale transactions, the firm advises local and international investors in various fields of business law.

Working in association with international law firm Gide Loyrette Nouel, the firm benefits from the support of its international network of offices in Europe, Asia, Africa and North America, and specialist international practice groups.

Main practice areas include:

  • Mergers & Acquisitions / Corporate
  • Banking & Finance
  • Projects (Finance & Infrastructure)
  • Intellectual Property, Telecommunications, Media & Technology
  • Data Privacy
  • Dispute Resolution
  • Insurance
  • Competition & International Trade
  • Tax
  • Employment
  • Public Law & Environment

Key Contacts

Mergers & Acquisitions, Corporate, Insurance
Competition, Corporate, Mergers & Acquisitions

Awards

Mergers & Acquisitions, Corporate, Tax
Mergers & Acquisitions, Corporate, Insurance
Competition, Corporate, Mergers & Acquisitions
Banking & Finance, Mergers & Acquisitions, Corporate
Mergers & Acquisitions, Corporate, Insurance
Employment Law, Dispute Resolution
Mergers & Acquisitions, Corporate, Competition, Banking & Finance
Mergers & Acquisitions, Corporate, Competition, Data Privacy
Dispute Resolution, Intellectual Property, Telecommunications, Media & Technology
Dispute Resolution, Employment Law
Dispute Resolution, Intellectual Property, Telecommunications, Media & Technology
Dispute Resolution, Employment Law

Draft Guidelines on Competition Infringements on Labour Markets Have Been Published by the Turkish Competition Authority

The Turkish Competition Authority has published its Draft Guidelines on Competition Infringements on Labor Markets and collected public opinion on it until 27 September 2024.

Özdirekcan Dündar Şenocak Ak
24.10.2024

Competition Newsletter - Summer 2024

This competition law newsletter provides information on the latest developments in relation to the Turkish competition market and the implementation of Law no 4054 on the protection of competition (the "Law") in light of recent announcements and publications by the Competition Authority and decisions of the Competition Board published in Summer 2024.

Özdirekcan Dündar Şenocak Ak
27.09.2024

New Rules Introduced to the Regulation on the Trade in Motor Vehicles

A Regulation on the Trade in Motor Vehicles, issued by the Ministry of Trade, was published in the Official Gazette of 27 August 2024 numbered 32645.

Özdirekcan Dündar Şenocak Ak
04.09.2024

Overview of the 2023 Annual Report of the Turkish Competition Authority

The Turkish Competition Authority published the 2023 Annual Report on its website on 14 August 2024. The Report includes the TCA’s activities for 2023 and related statistical data, changes in legislation and the TCA’s goals and policies.

Özdirekcan Dündar Şenocak Ak
27.08.2024

Recent Amendments to the Turkish Commercial Code

The Law No. 7511 on Amending Turkish Commercial Code and Certain Laws has been published in the Official Gazette dated 29 May 2024 and numbered 32560.

Özdirekcan Dündar Şenocak Ak
04.06.2024

4054 Sayılı Rekabet Kanununda Yapılan Değişiklikler

3 Mayıs 2024 tarihinde TBMM Başkanlığı'na sunulan 6102 sayılı Türk Ticaret Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun Teklifi üzerindeki görüşmeler tamamlanmıştır.

Özdirekcan Dündar Şenocak Ak
31.05.2024

Competition Newsletter - May 2024

This competition law newsletter provides information on the latest developments in relation to the Turkish competition market and the implementation of Law No 4054 on the Protection of Competition in light of recent announcements and publications by the Competition Authority and decisions of the competition board published in March 2024.

Özdirekcan Dündar Şenocak Ak
17.05.2024

Compensation for Material Damage Caused by an Employee to the Employer

In employment relations, there may be cases where an employee causes material damage to the employer while performing their work. In such cases, in addition to the termination of the employee's employment agreement for just cause or valid reason, the compensation of the material damage incurred by the employer also comes into question.

Özdirekcan Dündar Şenocak Ak
16.05.2024

Competition Newsletter - April 2024

This competition law newsletter provides information on the latest developments in relation to the Turkish competition market and the implementation of Law No 4054 on the Protection of Competition (the "Law") in light of recent announcements and publications by the Competition Authority (the "Authority") and decisions of the competition board (the "Board") published in February 2024.

Özdirekcan Dündar Şenocak Ak
08.04.2024

The European Commission’s Revised Market Definition Notice: A Reflection of Current Market Dynamics

On 8 February 2024, the European Commission released a revised version of the Market Definition Notice, following a review process that started in 2020 and involved feedback from various stakeholders. The Revised Notice stands as the first update to the Market Definition Notice since its introduction in 1997.

Özdirekcan Dündar Şenocak Ak
29.03.2024

Exceptions to the Communiqué on Decree No 32

Communiqué No. 2008-32/34 on Decree No: 32 on Protecting the Value of the Turkish Currency was amended by Communiqué No. 2024-32/69 published in the Official Gazette dated 28 February 2024 and numbered 32474.

Özdirekcan Dündar Şenocak Ak
25.03.2024

The Turkish Competition Authority Has Published Its M&A Overview Report Relating to the Year 2023

The Economic Analysis and Research Department of the Turkish Competition Authority (the "TCA") published its report on mergers and acquisitions for the year 2023 (the "Report") on its official website on 5 January 2024.

Özdirekcan Dündar Şenocak Ak
22.03.2024

Non-competition Obligation - Intervention of the Judge

The content and limits of the agreement between the employee and the employer are set out in Article 444 of the Turkish Code of Obligations No. 6098 (the "TCO") entitled "Non-Competition". According to this article, the employee may undertake not to compete with the employer after the termination of the employment agreement.

Özdirekcan Dündar Şenocak Ak
13.03.2024

İş Sözleşmelerinde Rekabet Etme Yasağı

Günümüzde yoğunlaşan ticari rekabet ortamı, işletmeleri başka rakip veya rakip olmayan işletmelerden, daha avantajlı çalışma koşulları teklif ederek nitelikli ve kilit personel transfer etmeye yönlendirmektedir. Buna mukabil, bu tip transferlerin önüne geçmeyi amaçlayan işletmelerin, nitelikli ve kilit personelleriyle rekabet etme yasağı ihtiva eden iş sözleşmeleri akdetmelerine sıklıkla rastlanmaktadır.

Özdirekcan Dündar Şenocak Ak
07.03.2024

Yabancı Hakem veya Mahkeme Kararlarının Tenfizinde Arabuluculuğun Dava Şartı Olup Olmadığına Dair İnceleme

Uluslararası ticari ilişkilerde, sınır ötesi anlaşmazlıkların çözümü ve çözüme ilişkin ilamın icrası kapsamlı ve farklı hukuki usullerin uygulanmasını gerektirebilmektedir. Nitekim uluslararası ticari sözleşmelerden doğan uyuşmazlıklar, sözleşmenin taraflarının tabiiyetinde bulunduğu ülkelerden birinin ulusal mahkemelerinde çözümlenebileceği gibi uluslararası hukuki çözüm yollarından biri olan tahkim yargılamasına da konu edilebilir.

Özdirekcan Dündar Şenocak Ak
06.03.2024

Competition Newsletter - February 2024

This Competition Law Newsletter provides information on the latest developments in relation to the Turkish competition market and the implementation of Law No 4054 on the Protection of Competition in light of recent announcements and publications by the Competition Authority and decisions of the Competition Board published in January 2024.

Özdirekcan Dündar Şenocak Ak
04.03.2024

Is the Enforcement of Foreign Judgements and Arbitral Awards Subject to Mandatory Mediation?

In international business, settling cross-border disputes and enforcing foreign judgements require the use of various and extensive legal procedures. Disputes arising out of international commercial agreements give rise to two types of legal remedies for disputes: going to the national courts of one of the states where the parties are based, or initiating arbitration proceedings, which is an international legal remedy.

Özdirekcan Dündar Şenocak Ak
28.02.2024

The Draft Law on the Amendment of The Unemployment Insurance Law and Certain Other Laws Has Been Accepted by the General Assembly of the Grand National Assembly of Turkey and Has Become Law

The Law on the Amendment of the Unemployment Insurance Law and Certain Other Laws was published in the Official Gazette numbered 32449 and dated 03.02.2024. The following contains comprehensive information about the new rules, which are intended to support both employees and employers.

Özdirekcan Dündar Şenocak Ak
06.02.2024

Competition Newsletter - January 2024

This competition law newsletter provides information on the latest developments in relation to the Turkish competition market and the implementation of Law No 4054 on the Protection of Competition (the "Law") in light of recent announcements and publications by the Competition Authority (the "Authority") and decisions of the competition board (the "Board") published in December 2023.

Özdirekcan Dündar Şenocak Ak
31.01.2024

A Circular of the General Directorate of Domestic Trade on Minimum Share Capital Amounts Has Been Published

According to Articles 332 and 580 of the TCC, the minimum share capital amounts of joint stock and limited companies can be increased by Presidential decree. The minimum initial share capital amounts have recently been increased through Presidential Decree No 7887 (the "Decree") published in the Official Gazette dated 25 November 2023 and numbered 32380.

Özdirekcan Dündar Şenocak Ak
16.01.2024

Cooperation Between Competition Authorities and Data Protection Authorities: A Mutually Beneficial Alliance

In today's rapidly evolving landscape of the internet and social networks, the exponential growth in data and its processing has given rise to new markets. At this juncture, ensuring the establishment of competition on emerging markets and safeguarding the personal data of data subjects are both interrelated and complex.

Özdirekcan Dündar Şenocak Ak
09.01.2024

Monetary Limits and Administrative Fines for Consumer Arbitration Committee Applications for 2024 Announced

Pursuant to the Communiqué on Raising the Monetary Limits Set Out in Article 68 of Law No 6502 on the Protection of Consumers and Article 6 of the Consumer Arbitration Committee Regulation, published in the Official Gazette No. 32405 dated 20 December 2023, the monetary limits that require an application to consumer arbitration committees was increased by 58.46%, which was determined as the revaluation rate for 2023.

Özdirekcan Dündar Şenocak Ak
08.01.2024

New Regulation on Active Cooperation for Detecting Cartels Enters Into Force

"The Regulation on Active Cooperation for Detecting Cartels" (the "New Regulation") entered into force after being published in the Official Gazette on 16 December 2023 and numbered 32401. The former Regulation on Active Cooperation for Detecting Cartels published in the Official Gazette, dated 15 February 2009 and numbered 21142 (the "Former Regulation"), which had been in force for more than 14 years, was abolished.

Özdirekcan Dündar Şenocak Ak
04.01.2024

Is "Meta" Data Misunderstood?

Meta Platforms, Inc. ("Meta") is an American multinational technology conglomerate that owns and operates the renowned platforms Facebook, Instagram, Messenger and WhatsApp, among other products and services. In 2021, WhatsApp introduced updated privacy terms and conditions for Turkish users, where users were required to accept the sharing of their personal data with Meta group companies as a prerequisite to continue using WhatsApp.

Özdirekcan Dündar Şenocak Ak
27.12.2023

Financial Assistance Provided to Employees

It is a common practice for Turkish employers to offer financial assistance to employees in need. This assistance is in the form of a payment made to the employee before the salary date, or separate from the salary. It is made at the request of the employee and is considered a loan. The amounts paid to the employee are repaid to the employer through deductions from the employee's salary, or the parties may agree on a different payment plan. The nature of such payments, their repayment or deduction from salary by the employer can often result in disputes.

Özdirekcan Dündar Şenocak Ak
11.12.2023

Revised Requirements for Minimum Share Capital Amounts of Turkish Companies

Under Turkish law, the amount of share capital in joint stock and limited companies are regulated under several pieces of legislation. The most important of these is the minimum amount of share capital required for incorporation, which generally applies to all joint stock and limited companies.

Özdirekcan Dündar Şenocak Ak
01.12.2023

İşçiye Ücret Avansı veya Borç Verilmesi

İşyeri uygulamalarında, finansal açıdan ihtiyacı olan işçiye, daha sonra geri ödemesi veya hak ve alacaklarından mahsup edilmesi karşılığında işvereni tarafından finansal destek ödemeleri yapıldığına sıkça rastlanmaktadır. Bahse konu ödemelerin niteliği, geri ödenmesi veya işçilik alacaklarından işveren tarafından mahsup edilmesi zaman zaman uyuşmazlıklara konu edilmektedir.

Özdirekcan Dündar Şenocak Ak
27.11.2023

GIDE Competition Newsletter - October

This competition law newsletter provides information on the latest developments in relation to the Turkish competition market and the implementation of Law No 4054 on the Protection of Competition (the "Law") in light of recent announcements and publications by the Competition Authority (the "Authority") and decisions of the competition board (the "Board") published in October 2023.

Özdirekcan Dündar Şenocak Ak
22.11.2023
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