Legal Briefing

Recent competition law developments in Turkey: amendments to guidelines on vertical agreements | ELIG Gürkaynak Attorneys-at-Law

Article 4 of Law No 4054 on the Protection of Competition (Law No 4054) prohibits all agreements between undertakings, decisions by associations of undertakings and concerted practices having (or that may have) as their object or effect the prevention, restriction or distortion of competition within a Turkish product or services market or a part thereof. …

Continue reading “Recent competition law developments in Turkey: amendments to guidelines on vertical agreements”

The increasing enforcement of competition law: a sectoral snapshot | Brodies

The Competition and Markets Authority (CMA), the UK competition regulator, has had a busy few years since being created in 2014. It has imposed record fines for competition law infringements across a wide range of sectors, and secured its first director disqualifications and criminal conviction.

Regulators Struggle to Raise the Standard of Care for Financial Advice | Clifford Chance US LLP

On March 15, 2018, the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) in a 2-1 decision vacated the Obama-era U.S. Department of Labor’s (“DOL”) Fiduciary Rule (“Fiduciary Rule”), which responded to a historical shift from traditional pension plans to individually managed accounts, such as individual retirement accounts (“IRAs”) and 401(k)s. The Fiduciary …

Continue reading “Regulators Struggle to Raise the Standard of Care for Financial Advice”

Restrictive Covenants under Turkish Law | BTS & Partners

INTRODUCTION The success of a business resides in its employees. Even the biggest corporate structures depend on its employees to conduct its business. That is why, during the course of employment employer’s valuable information that is integral to its activities such as its business models, client profiles and marketing strategies are exposed to the use …

Continue reading “Restrictive Covenants under Turkish Law”

The Hot Topic in United States M&A – Corwin | Cravath, Swaine & Moore LLP

Introduction The general question of corporate governance can be summarized, in the context of public companies, as three interrelated questions:  who has decision-making authority; how are they constrained in the exercise of that authority; and how are they held accountable for that exercise?  In this model, the U.S. approach to corporate governance has historically been …

Continue reading “The Hot Topic in United States M&A – Corwin“

Does the technological revolution affect the procurement, construction and operation of data centres? | Bird & Bird

Data centres are increasingly key to the transaction of business all over the world, with more and more companies relying on remote hosting for their IT systems.

Dealing with residential tenancies in Scotland | Brodies

Dealing with residential tenancies has taken on a new meaning in Scotland. On 1 December 2017, the private residential tenancy (PRT) became the new residential tenancy for Scotland and, from 31 January 2018, letting agents of residential dwellings have to comply with a new code of practice and apply to be registered in the mandatory …

Continue reading “Dealing with residential tenancies in Scotland”

Delivering complex projects: competitive dialogue or competitive procedure with negotiation? | Gowling WLG

The Public Contracts Regulations 2015 (PCR) (which implemented the 2014 Public Procurement Directive) created a new procedure known as competitive procedure with negotiation (CPN). For those bidding on complex infrastructure projects or other government contracts, the implications of CPN may not be immediately apparent. For a contracting authority, CPN provides an additional procurement option giving …

Continue reading “Delivering complex projects: competitive dialogue or competitive procedure with negotiation?”

Property transactions – the fertiliser for the development of contract law

There is a fundamental tension between the desire for contractual certainty and for agreements to be future proof. Property lawyers know only too well the difficulties associated with the fact neither we or our clients have crystal balls or the ability to time travel. We are regularly asked to look at a contract in a …

Continue reading “Property transactions – the fertiliser for the development of contract law”

Autonomous vehicles: driving change in real estate | Herbert Smith Freehills

Our cities are designed around and defined by roads and vehicles. Autonomous technology will not only change the way we travel, it has the potential to change the face of real estate as we know it.