The Personal Data Protection Board (“DPA”) in Turkey once again extended the deadline for mandatory registration on the Data Controllers Registry on December 27, 2019. For data controllers with more than 50 employees or annual balance sheet higher than TRY 25 million, and data controllers residing abroad, the new deadline is June 30, 2020. Regulation…

New York has enacted the Stop Hacks and Improve Electronic Data Security Act (SHIELD ACT) which was signed on July 25, 2019 by Governor Cuomo. The SHIELD Act amends New York’s existing data breach notification statue to impose additional requirements on businesses that hold private information of New York residents. Section 3 of the SHIELD…

Uluslararası faaliyet gösteren pek cok şirket için, sınır ötesi yapılan yatırım ve işlemler potansiyel vergi sorumlulukları dahil bir kısım belirsizlikleri de beraberinde getirir. Müvekkillerimiz bu konulara dair endişe ve soruları hakkında sıklıkla bizimle irtibata geçerler ve özellikle örtülü sermaye ve karşılıklı kredi kuralları, şirket çalışanlarının yurt dışına gönderilmesi, taşınmaz satımı ve fonların ülkeye geri gönderilmesi…

The Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”) was signed into law on August 13, 2018. The purpose of FIRRMA is to address national security concerns over foreign exploitation of certain investments which were outside of the Committee on Foreign Investment in the United States (“CFIUS”) jurisdiction. As background information, CFIUS is an…

The Charter of Fundamental Rights of the European Union and the Treaty on the Functioning of the European Union provide that everyone has the right to the protection of personal data concerning him or her. The General Data Protection Regulation (“GDPR”), effective as of May 25, 2018, identifies rights of data subjects in this respect….