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New Communiqué on Commercial E-Message Management Integrators in Turkey
On 18 September 2024, Turkey’s Ministry of Trade published in the Official Gazette the Communiqué on Commercial Electronic Message Management System Integrators ("Communiqué"). The Communiqué introduces new procedures relating to the registration and management of consent for commercial electronic messages in Turkey’s Message Managing System (“MMS”)—a national database where various e-communications approvals are stored and managed. Among the changes introduced, the Communiqué defines business partners that assist service providers with registering approvals in the MMS, approval tracking, and management processes as “Integrators” and authorisation is required for service provision. The Communiqué also
Ticari Elektronik İleti Yönetim Sistemi Entegratörleri Hakkında Tebliğ
Ekim 2024 – Ticaret Bakanlığı tarafından 18 Eylül 2024 tarihli Resmî Gazete ile Ticari Elektronik İleti Yönetim Sistemi Entegratörleri Hakkında Tebliğ (“Tebliğ”) yayınlanarak yürürlüğe girdi. Tebliğ ile uygulamada hizmet sağlayıcıların onaylarının İleti Yönetim Sistemi’ne (“İYS”) kaydı, onay takibi ve yönetimi süreçleri için destek aldıkları iş ortakları; bu Tebliğ kapsamında “Entegratör” olarak tanımlanarak hizmet sunumu için yetkilendirme şartı getirildi. Ayrıca, Tebliğ uyarınca 2025 Mart ayına kadar Ticaret Bakanlığından entegratörlük yetkisi almayanların hizmet sağlayıcı adına ticari elektronik iletilere ilişkin işlem tesis etmesi yasaklandı. Tebliğ’deki
Kinstellar and KST Law advise Quexco Incorporated on its acquisition of Mutlu Akü
Kinstellar and KST Law are delighted to have advised Quexco Incorporated, a US-based diversified, private holding company with investments in the lubricants space and a rich history, previously operating in the battery industry, on its acquisition of Mutlu Akü, one of the major auto battery manufacturers in Türkiye, and owner of a waste battery recycling facility, from Metair International Holdings Coöperatief U.A. (a member of Metair Group, a South African listed company). The team was led by Partner Emre Özer, supported by Senior Associate Şeyma Olğun, and Associate Sıla Şaylı. Kinstellar worked in close collaboration with Bowmans, as to South African law, throughout the transaction. Completion of
Kinstellar and KST Law advise Eleven Fund III Cooperatief on its investment in Magfi, Turkey
Kinstellar and KST Law are delighted to have advised Eleven Fund III Cooperatief, a multi-strategy growth fund, on its US$1.1 million in seed investment in Magfi, a SaaS platform based in Istanbul. Magfi enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market. Kinstellar operates in Turkey in cooperation with KST LAW, a full-service corporate law firm based in Istanbul.
Junior Associate, Corporate M&A
Are you passionate about the legal field and eager to advance your career? We have an exciting opportunity for a dynamic and motivated Junior Associate to join our talented M&A, Corporate team! Abou t us: At KST Law, we pride ourselves on our commitment to excellence and our dedication to providing top-notch legal services. As a leading international law firm, we believe in nurturing talent and fostering growth within our team. This position is designed to provide valuable exposure to various aspects of M&A and corporate and help you develop the skills needed for a successful legal career. Responsibilities: Assist with legal research and analysis specifically for M&A
KST Law and Kinstellar advise Grupo Antolin on the sale of a stake in the Turkish joint venture Ototrim
KST Law / Kinstellar are proud to have advised Grupo Antolin, a leading global car interior manufacturer, on the sale of 45% stake in the Turkish joint venture Ototrim to its JV partner Diniz Holding. Following this transaction, Antolin will retain a 5% stake in the joint venture and continue its collaboration with Diniz Holding. The transaction is pending approval from the Turkish Competition Authority. Our team was led by Partner Mert Elçin, with support from Associates Sila Özge Sayli and Osman Tugberk Çakirca.
Türk Ticaret Kanunu’nda Önemli Değişiklikler!
Haziran 2024 –3 Mayıs tarihinde TBMM Başkanlığı’na sunulan Türk Ticaret Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun Teklifi (“TTK Değişiklikleri”) TBMM’de kabul edildi ve 29 Mayıs tarihinde Resmî Gazete’de yayımlanarak yürürlüğe girdi. TTK Değişiklikleri ile Türk Ticaret Kanunu’nun (“TTK”) bazı maddelerinde (i) şirket işlemlerinde kolaylık sağlanması ve (ii) belirli konularda uygulamada yaşanan tereddütlerin giderilmesi amaçları ile aşağıdaki hususlarda düzenleme yapılması öngörülmektedir: anonim şirketlerde yönetim kurulu başkan ve başkan vekilinin, yönetim kurulunun görev süresi ile uyumlu olarak seçilebilmesine imkan tanınması; şirketin
Key Amendments to the Turkish Commercial Code
On 3 May 2024, the Draft Law on Amendments to the Turkish Commercial Code and Certain Codes ("TCC Amendments") was submitted to the Presidency of the Grand National Assembly of Turkey, was subsequently adopted, and entered into force after publication in the Official Gazette on 29 May 2024. The TCC Amendments provide for the following amendments to certain articles of the Turkish Commercial Code ("TCC") in order to (i) facilitate company operations and (ii) clarify ambiguities in practice by: allowing joint-stock companies to elect the president and vice-president of the board of directors, parallel with the term of the board of directors; revising the non-derogatory duties of the board of directors to allow