Türkiye Legal Update - March 2025
Developments Regarding the Implementation of Share Buyback Programs Initiated by the Board of Directors of Publicly Traded Companies
To ensure market stability, with the Principle Resolution of the Capital Markets Board dated March 19, 2025, publicly listed companies will now be able to repurchase shares with a board resolution without need of a general assembly decision. The nominal value and daily transaction limits have been lifted, and public disclosure obligations have been eased.
Similarity Assessment in Trademark Applications Containing Low Distinctive Elements in the Light of the Court of Cassation Decisions
In trademark law, when evaluating the likelihood of confusion between trademarks, it is essential to examine the overall impression of the marks by taking the distinctiveness levels of their individual elements on the goods and services covered.
Amendments to the Insurance Agencies Regulation
The Amendment Regulation updates insurance agency rules, introducing new capital requirements and training standards for technical personnel. Agencies must ensure contract transparency, follow strict branding rules, and update capital annually per inflation.
The Electrolux - BSH Decision of the CJEU: The Next Step for Jurisdiction in European and Global Patent Infringement Cases
The CJEU's 2025 ruling in the Electrolux v. BSH case allows patent infringement actions for non-EU patents to be brought in the EU member state where the defendant is domiciled, thus broadening jurisdictional options in international patent disputes.
Data Protection in Advertisements
The Advertisement Board found that certain online retailers use deceptive practices to collect personal data and force targeted ad consent. A new protocol with the Personal Data Protection Authority aims to strengthen consumer rights and regulate digital advertising practices.
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