November 25, 2024
Buy now pay later An alternative financial method and its future
Buy Now Pay Later (“BNPL”) is a type of payment that has become widespread in North America, Australia and Europe, which allows the price of the product / service to be postponed for certain periods of time or divided into certain maturities. BNPL is a financing model that enables the immediate purchase of goods and services and payment at a later date.
November 20, 2024
Why parties should specify the governing law of their arbitration agreement
The arbitration agreement within a contract is a contract in its own right, collateral to the main contract. The law governing the arbitration agreement covers substantive matters relating to the agreement to arbitrate, for example, the interpretation, scope and validity of the agreement to arbitrate.
November 20, 2024
What Awaits Turkish Companies in 2025 in Terms of Digital Markets and Digital Services?
In recent years, legal systems worldwide have struggled to keep the pace with the rapid evolution of digital markets. Traditional laws have become inadequate to address the unprecedented scale and speed of digital businesses, the dominance of a few major players, and cross-border nature of digital transactions.
November 11, 2024
Personal Data Protection Law – Updated Penalties
The Personal Data Protection Law No. 6698 ("PDPL") aims to protect privacy, ensure data security and prevent unlimited and indiscriminate collection of personal data, unauthorised access, disclosure or violation of personal rights as a result of misuse or violation. The failure to comply with the rules set forth under PDPL may result in administrative fines, which are revised each year, and also in criminal sanctions.
November 4, 2024
Restriction of Data Portability as an Antitrust Concern
Data is one of the driving forces of the digital economy and constitutes the basic input of production processes, logistics, targeted marketing, smart products and services. The competitiveness of undertakings, which are also measured by the quantity, variety and quality of the data they possess increasingly depends on their ability to access data in a timely manner and to use this data for new products, innovative applications and product development.