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Information Note on the Pending Amendment Proposal in Banking Law

With a view to ensure harmonization and compliance with prevailing international standards and best practices across the financial sector; The draft legislative proposal dated 02.06.2020 and numbered 98 which will bring substantial amendments to the Banking Law Numbered 5411 has been submitted to the attention of Turkish Grand National Assembly and is expected to be adopted “as is” maybe with only some slight amendments.

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Capital Increase At Joint Stock Companies Under Turkish Law

The Capital Companies usually prefer increasing their capital to strengthen their capital structure, to meet their needs for additional funds after expansion of their business. Capital increase in the Joint Stock Companies has been regulated at the Article 456 of Turkish Commercial Cod and following provisions.

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Examination of the  Personal Health Data Regulation Entered into Force

Among the personal data, the Regulation on Personal Health Data (“Regulation”) that has a special place in Personal Data Protection Code and entered into force on 21 June 2019 by the Ministry of Health, has taken its place in legislation as an important subsidiary regulation. On the other hand, the Regulation on Implementing Personal Health Data and Ensuring Privacy which used to perform the duty of the Regulation before, has been abolished with the article 23 of the Regulation.

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