Insights Commercial & Corporate

New Russia Sanctions Target IT Services, Enterprise Management Software, and Foreign Financial Transactions

The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) recently issued a significant new round of sanctions and export controls against Russia.

Blank Rome LLP
12.07.2024

Corporate Governance and Directors' Duties in Turkey 2024 - Part 2

The principal duties of directors are: • To act prudently and diligently when conducting business and performing their duties and the business of the company. • To monitor and supervise the management and the business of the company to ensure that it complies with the principles of good faith and the interests of the company and its shareholders.

Gün + Partners
02.07.2024

Estate Planning for the Business Owner Series, Part 4: Document the Transfer

Once a business owner has an understanding of the value of the business and the tax and cash flow impacts of the transfer, the next step is to document the transfer.

Blank Rome LLP
01.07.2024

Corporate Governance and Directors' Duties in Turkey 2024 - Part 1

The main forms of corporate entity used in Turkey are the: • Limited liability company (LLC). • Joint-stock company (JSC).

Gün + Partners
01.07.2024

Bağımsız Denetim Yönetmeliği’nde Değişiklik Yapılmasına Dair Yönetmelik

26 Aralık 2012 tarihinde yayımlanmış olan Bağımsız Denetim Yönetmeliği’nde değişiklik yapmak üzere, Bağımsız Denetim Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik 15 Haziran 2024 tarihinde Resmi Gazete’de yayımlanmış ve yayımlandığı tarihte yürürlüğe girmiştir.

DL Attorneys at Law
01.07.2024

The Regulation Amending the Independent Audit Regulation

The Regulation Amending the Independent Audit Regulation ("the Amending Regulation") was published in the Official Gazette on June 15, 2024, and entered into force on the same day, amending the Independent Audit Regulation ("the Regulation") published on December 26, 2012.

DL Attorneys at Law
28.06.2024

Estate Planning for the Business Owner Series, Part 3: Examples of Business Transfers and Valuations

The purpose of this post, part three of our “Estate Planning for the Business Owner” series, is to provide a sample using real numbers showing the impact and benefit of using closely held business interests in lifetime gifting.

Blank Rome LLP
28.06.2024

Enflasyon Düzeltmesi Uygulayan Şirketlerde Esas Alinacak Finansal Tablolara İlişkin Tebliğ

15 Haziran 2024 tarihli 32577 sayılı Resmi Gazete’de Enflasyon Düzeltmesi Uygulayan Şirketlerde Esas Alınacak Finansal Tablolara İlişkin Tebliğ yayımlanmış ve yayım tarihinde yürürlüğe girmiştir.

DL Attorneys at Law
26.06.2024

Estate Planning for the Business Owner Series, Part 2: Valuing the Business

The value of an asset at the time of a transfer is the key component to the United States’ transfer tax system. Gratuitous transfers during lifetime are considered gifts, while transfers as a result of the death of the owner are included in the value of the decedent’s estate.

Blank Rome LLP
26.06.2024

Estate Planning for the Business Owner, Part 1: The Business Owner as a New Client

For most business owners, the business is the most valuable item on their balance sheet. From an estate planning perspective, the equity in the business is also often the best asset to use for lifetime transfers to pass value (and future appreciation) out of the taxable estate.

Blank Rome LLP
23.06.2024

Proposed Increases to Section 301 Duties on Batteries, Battery Components, and Critical Minerals

The U.S. Trade Representative (“USTR”) recently issued its report in the four-year review of Section 301 duties on goods imported from China.

Blank Rome LLP
12.06.2024

Recent International Trade Activity Impacting Imported Solar Panels

Three recent events could impact the duties that U.S. companies will owe on imports from crystalline silicon photovoltaic (“CSPV”) cells and modules. First, the U.S. Department of Commerce (“Commerce”) initiated new antidumping and countervailing duty investigations on CSPV cells and modules from Cambodia, Malaysia, Thailand, and Vietnam.

Blank Rome LLP
10.06.2024

Türk Ticaret Kanunu’nda Gerçekleştirilen Değişiklikler Neler Getiriyor?

29 Mayıs 2024 tarihinde Resmî Gazete’de yayımlanan Türk Ticaret Kanunu (TTK) ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun (Değişiklik Kanunu) ile, iş dünyasında önemli dönüşümlere neden olacak bir dizi değişiklikler yürürlüğe girdi.

Gökçe
06.06.2024

What Changes are Set Forth in the Turkish Commercial Code?

The Law on Amending the Turkish Commercial Code and Certain Laws, numbered 7511 (Amending Law), has been published in the Official Gazette dated 29 May 2024 and a series of changes that will lead to significant transformations in the business world have entered into force.

Gökçe
05.06.2024

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

Recent Changes in the Turkish Commercial Code

With the Law no. 7511 Amending the Turkish Commercial Code and Certain other Laws (the “Amendment Law”), which entered into force after being published in the Official Gazette dated 29.05.2024 numbered 32560, amendments are made primarily to the Turkish Commercial Code numbered 6102 (the “TCC”) and other certain laws.

Gün + Partners
03.06.2024

Avrupa Birliği’nde İç Pazarı Bozan Yabancı Desteklere İlişkin Yayımlanan Tüzük

Geçtiğimiz aylarda birleşme ve devralma işlemlerini doğrudan etkileyecek önemli bir düzenleme Avrupa Birliği’nde (“AB”) uygulamaya konmuştur. Bu düzenleme, İç Pazarı Bozan Yabancı Desteklere İlişkin Tüzük (“Tüzük”) adı altında 23.12.2022 tarihli ve L/330 sayılı Avrupa Birliği Resmi Gazetesi’nde yayımlanmış ve 12.01.2023 tarihinde yürürlüğe girmiştir.

DL Attorneys at Law
31.05.2024

Law on Amendments to the Turkish Commercial Code and Certain Laws

The Law on Amendments to the Turkish Commercial Code (“TCC”) and Certain Laws ("Law") was published in the Official Gazette No. 32560 on May 29, 2024, and entered into force on the date of its publication.

DL Attorneys at Law
31.05.2024

Regulation on Foreign Subsidies Distorting the Internal Market Published in the European Union

In recent months, an important regulation has been implemented in the European Union (“EU”) which will have a direct impact on mergers and acquisitions transactions. This regulation was published in the Official Gazette of the European Union dated 23.12.2022 and numbered L/330 under the name of the Regulation on Foreign Subsidies Distorting the Internal Market (“Regulation”) and gradually entered into force on 12.01.2023.

DL Attorneys at Law
30.05.2024

Corporate Governance in Türkiye 2024 - Part 3

The TCC allows a board of directors to consist of just one member (a real person or a legal entity) assigned by the articles of association or elected by the general assembly.

Gün + Partners
29.05.2024
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