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Quick Read: Data Protection Law Updates in Turkey – September 2024
The Turkish Data Protection Authority (“DPA”) did not publish any decisions or announcements in September; however, several important events took place. We summarise these for you below. A New Era of Cross-Border Data Transfers As of 1 September 2024, data controllers must now comply with the new rules regarding cross-border data transfers introduced by the amendments to the Turkish Data Protection Law ("DP Law") on 12 March 2024. Among the new rules are the introduction of Standard Contractual Clauses (“SCCs”), which are now a key mechanism for managing cross-border data transfers. Data controllers must sign SCCs with their data importers and submit the signed SCCs to the DPA within five days of
Quick Read: Competition Law Updates in Turkey – September 2024
This issue of Quick Read provides an overview of key decisions, announcements, and developments from the Turkish Competition Authority (“TCA”) regarding competition law in September 2024. Dive into September updates 1. New guidelines from the TCA: Ensuring fair play in labour markets The TCA announced new Draft Guidelines on Competition Violations in Labour Markets (“Draft Guidelines”) addressing the increasing focus on competition issues within labour markets. The Draft Guidelines aim to clarify potential labour market violations under Turkish Competition Law. The TCA’s announcement highlights a critical structural characteristic of labour markets: a small number of employers competing
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
Quick Read: Life Sciences & Healthcare Sector in Turkey – Latest Changes
Recent Regulatory Changes in Life Sciences & Healthcare Sector in Turkey During August and September 2024, the Turkish authorities have introduced a number of changes to the existing regulations and adopted/updated several guidelines that concern the areas of medical devices, pharmaceutical products, and active pharmaceutical ingredients. We summarise the key changes below. Regulation Amendments Amendment to Medical Device Regulation On 17 August 2024, several new provisions amending the Medical Device Regulation were enacted by the Turkish Medicines and Medical Devices Agency (“TMMDA”). Under these new provisions, from 10 January 2025 medical device manufacturers will be subject to the below obligations
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.
Quick Read: Competition Law Updates in Turkey – August 2024
This issue of Quick Read provides an overview of the Turkish Competition Authority’s (“TCA”) decisions and announcements and other developments in Turkish competition law during August 2024. Dive into August updates 1. Settlement on no-poaching in the pharmaceutical labour market The TCA concluded its investigation into pharmaceutical companies Bilim İlaç and Drogsan İlaç regarding allegations of anti-competitive no-poaching agreements with their competitors to avoid hiring each other's employees in the labour market with a settlement. As part of the settlement, Bilim İlaç was fined TRY 155,488,332.29 (approximately USD 4.58 million), while Drogsan Pharmaceuticals was fined TRY 30,593,234.79 (approximately
Quick Read: Data Protection Law Updates in Turkey – July 2024
The agenda of Turkish Personal Data Protection Authority (“DPA”) for July included the anticipated regulation on the transfer of personal data abroad and the implementation of new standard contract clauses. Also in July, the DPA published the second issue of its KVKK Journal and the fourth edition of its Bulletin. Dive into July updates 1. Regulation on cross-border personal data transfer is published Following the recent amendments to the Turkish Personal Data Protection Law (“DP Law”), the DPA published the "Regulation on the Procedures and Principles Regarding the Transfer of Personal Data Abroad" on 10 July 2024. This regulation is a significant component of the changes to the DP Law. Key aspects
Quick Read: Competition Law Updates in Turkey – July 2024
This issue of Quick Read provides an overview of the Turkish Competition Authority’s (“TCA”) decisions, announcements, and developments in competition law for July 2024. Dive into July updates 1. Double impact: Investigations in the glass recycling market The TCA has intensified its scrutiny of glass manufacturer Şişecam and its subsidiary, Şişecam Çevre Sistemler, for potentially hindering competitors in the glass recycling sector. After a preliminary investigation in 2021, Şişecam offered commitments to the TCA. In 2024, a follow-up inspection led the TCA to launch a full-fledged investigation into compliance with these commitments. In addition, the TCA initiated a separate, full-fledged
Legal Intern
Are you passionate about the legal field and eager to gain hands-on experience? We have an exciting opportunity for a motivated Legal Intern to join our 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 internship is designed to provide valuable exposure to various aspects of legal practices and help you develop the skills needed for a successful legal career. Responsibilities: Assist with legal research and analysis; Draft and review legal documents and contracts; Support
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