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Turkey Adopts International Standard Financial Reporting from 2020
For accounting periods beginning 1 January 2020 onwards, Turkey will apply the Conceptual Framework for Financial Reporting (“New Framework”) as revised by the... [Read More]
Turkey Introduces New Rules for Drug Procurement, Tobacco Packaging and Food-related Health Declarations
Turkey has introduced new regulations for procurement of licensed or unlicensed drugs (which are not available in the Turkish market), plain packaging rules... [Read More]
Turkey Introduces Voluntary Environmental Label Scheme
Turkey has announced a voluntary environmental label scheme, to promote products with reduced environmental impacts, as well as provide consumers with accurate and... [Read More]
Turkey Launches Rules for Local Seed Varieties
Turkey has introduced new rules for producing, marketing, on-site maintenance and sustainably using seeds. The new regime aims to prevent genetic erosion for... [Read More]
Turkey Introduces Rules for the Notification of Transactions to Trade Repositories
Turkey’s Capital Markets Board recently announced new rules for Trade Repositories, including new obligations, activity principles, as well as new rules for membership,... [Read More]
Turkey’s Capital Markets Boards Amends Disclosure Rules for Material Events
Turkey’s Capital Markets Board has amended its rules for material events to address needs which have arisen in practice. Notably, the obligation to... [Read More]
Turkey Revises Restrictions on Foreign Currency Agreements
Turkey has announced new rules for its recent restrictions on foreign currency agreements, as well as extended the scope of certain exemptions (more).... [Read More]
Turkey Consults on Proposed Amendments for Geographical Indications and Patents
The Turkish Patent and Trademark Office (“TPTO”) has announced proposed amendments to Industrial Property Law Number 6769 (“IP Law”) and sent these to... [Read More]
European Court of Justice: Nestlé Failed to Sufficiently Prove Acquired Distinctiveness for KitKat’s 3D EUIPO Trademark Registration
The European Court of Justice (“ECJ”) has considered the European Union Intellectual Property Office’s (“EUIPO”) decision about a request to invalidate a 3D... [Read More]
Turkey Consults on Proposed Details for Online Broadcasting Regime
Turkey’s Radio and Television Supreme Council (“RTSC”) and Information and Communication Technologies Authority (“ICTA”) have jointly published proposed rules for online broadcasting, providing... [Read More]
US Food and Drug Administration Issues New Biosimilars Action Plan
The US Food and Drug Administration issued a new Biosimilars Action Plan in July 2018 (“Plan”). The Plan’s main goals are to promote... [Read More]
Turkey Updates Electricity License Application Rules
Turkey has amended the application processes for pre-licenses and licenses within the electricity licensing regime. Accordingly, joint-stock companies which apply for such licenses... [Read More]