Corporate and M&A


Author: Prof. Dr. H. Ercüment Erdem

Share pledges in joint stock companies are not specially regulated under the Turkish Commercial Code ("TCC"). Therefore, the provisions of the Turkish Civil Code that regulate the general rule regarding pledges, shall apply. Under Turkish Civil Code Article 954, transferable receivables and other rights may be subject to pledge. The pledge established on a share in joint stock companies is a "pledge right established on the right." A pledge is established on shareholding rights. A pledge on receivables and rights is subject to the principles of movable pledges. (Turkish Civil Code Article 954/2).

Read more: Share Pledges in Joint Stock Companies


Author: Tuna Colgar

Introduction
International Federation of Consulting Engineers that is known by the abbreviation of FIDIC (Fédération Internationale Des Ingénieurs-Counseils) launched updated Red Book (the Conditions of Contract for Works of Civil Engineering Construction), Yellow Book (the Conditions of Contract for Plant and Design-Build)) and Silver Book (the Conditions of Contract for EPC/Turnkey Projects) in the "International Contract Users Conference," organized in London in December of 2017.
Thus, the versions that have been in use since 1999 until today, have been expanded, updated and are more user-friendly contracts, formed by way of reflecting 18 years' of experience of users of the contracts.

Read more: Updated FIDIC Contracts


Authors: Matt Couper, Partner and Leah Watt, Senior Associate

Is your registration one of the 200,000 due to expire between now and 30 January 2019?

Key points

  • Between now and 30 January 2019, 200,000 PPSR registrations will 'expire' – including 115,000 expiring on 30 January 2019 alone.
  • A registration cannot be renewed once it has expired.
  • If your registration expires, you may lose priority and potentially, your ranking and status as a secured party.
  • It is possible to order a report to see which of your registrations will expire in the coming weeks and extend your registrations prior to expiry.

Read the entire article.


Respondents to Dykema’s 14th Annual M&A Outlook Survey expressed the highest level of optimism for the M&A market in the 14-year history of the firm’s survey.

Sixty-five percent of respondents expect the M&A market to strengthen over the next 12 months, significantly up from the mid- to high 30s where it has remained for the past several years. The increased optimism is tied to economic conditions, with 64 percent of respondents indicating a positive outlook on the economy during the next 12 months.

Read more: Dealmaker Optimism Soars to Record High in Dykema 14th Annual M&A Survey: Impact of Trump...


Author: Ozgur Kocabasoglu

Introduction

Crowdfunding has finally entered into Turkish legislation through Omnibus Law no. 7061 dated 5 December 2017, by way of amending certain provisions of Capital Market Law numbered 6362. Although the amendments cover the mainframe of crowdfunding in a very basic form, detailed secondary legislations and policies are needed to implement crowdfunding as a successful system. In anticipation of the secondary legislation it would be beneficial to look at the regulatory approaches to crowdfunding within European Union (EU) Member States and United Kingdom (UK).

Read more: Regulatory Approaches to Crowdfunding in European Union