Sponsored briefing: Coronavirus’ effects in terms of Turkish labour law

Sponsored briefing: Coronavirus’ effects in terms of Turkish labour law

A. Introduction

The coronavirus (COVID-19) pandemic constitutes a major problem for the economy and employer-employee relations in Turkey and all over the world. At such a time, it is important to know how the pandemic affects the rights and responsibilities of the employer and the employee. At the same time, it is very difficult for employees and employers to predict how they will come through this, because of the shrinking economy. People tend to do the wrong things in times of crisis. First of all, they can make hasty and wrong decisions in order not to damage themselves. But we should not forget that the law is basically still the same. Although regulatory changes are made according to conditions, like a pandemic, people should not deviate from the basic regulations. Continue reading “Sponsored briefing: Coronavirus’ effects in terms of Turkish labour law”

Global offshore – Stick or twist for the sector’s leaders

Global offshore – Stick or twist for the sector’s leaders

On paper at least, history will show that 2019 was a very good year. Encouraged by sustained low interest rates, declining trade policy uncertainty and diminished fears of an economic slowdown, US stock markets led the way: the S&P 500 ended the year up 28% and the Nasdaq 35%. Meanwhile, the Europe-wide STOXX 600 increased by 23% and the FTSE 100 by a more modest 12%.

But on the ground, things seemed a little different for many offshore law firms. ‘Even by recent standards, 2019 was an extraordinary year in geopolitical and macro-economic terms: US-China trade wars, Brexit uncertainty, volatility in the US dollar/GBP exchange rate, tension in Hong Kong and the growing risk of a global economic downturn,’ says Jonathan Rigby, global managing partner of Mourant. Continue reading “Global offshore – Stick or twist for the sector’s leaders”

Turkey – Back from the brink

Turkey – Back from the brink

A century on from Atatürk’s proclamation that the republic would be ‘happy, prosperous and victorious’, the founder of modern Turkey would today find his vision being questioned. In 2016, a failed coup left over 300 people dead. During the mass detentions that followed, nearly 2,500 judges were arrested. Within two years, Turkey’s credit bubble had burst: the lira halved in value against the US dollar, inflation hit 25% and GDP, which had been growing at 7%, flatlined.

Following the withdrawal of US troops in October 2019, the invasion of northeast Syria to create a safe zone along Turkey’s southern border led US President Donald Trump to tweet: ‘I will totally destroy and obliterate the economy of Turkey.’ In October, the House of Representatives voted by 403 to 16 to impose a series of sweeping sanctions on Turkey. But US politicians remain split, with senate majority leader Mitch McConnell warning that sanctions would cause economic damage and alienate the Turkish people. Continue reading “Turkey – Back from the brink”

Sponsored briefings: Turkey

Sponsored briefings: Turkey

Pekin & Pekin: Growing interest in asset deals

Yavuz & Uyanık Law Office: Economic crisis and the popularisation of voluntary termination of labour contracts

ELIG Gürkaynak Attorneys-at-Law: A leader in competition law

Matur & Ökten & Karayel Keßler Law Office: Med-arb – a hybrid approach to ADR and its applicability in Turkey

Yavuz & Uyanık Law Office: New practice commenced in 2019 – current status of mandatory mediation in commercial lawsuits

Çiğdemtekin Çakırca Arancı: Turkey M&A outlook – 2020 and beyond

Yazıcı Attorney Partnership: Notable developments in Turkey’s oil and gas policy

Cerrahoğlu Avukatlık Bürosu Barbaros Bulvarı: Mediation on the rise in Turkey

Yazıcı Attorney Partnership: Notable developments in construction law and practice

Apak Uras Law Firm: Termination of distributorship agreements

Vona Law Firm: Restrictive measures against Turkey by the EU

BTS & Partners: Obligation to register before the Turkish data controllers registry and maintain personal data-processing inventory

Gün + Partners Avukatlık Bürosu: Life sciences in Turkey

Paksoy: Q&A – Serdar Paksoy

Moral & Partners: Q&A – Vefa Reşat Moral

International round-up: DWF recruits five partners for Düsseldorf as CMS expands in Africa

International round-up: DWF recruits five partners for Düsseldorf as CMS expands in Africa

DWF has made its second post-IPO international office opening, hiring a five-partner team in Germany, while CMS has added two firms in South Africa and Kenya to its network.

DWF said today (7 October) it was opening its fourth German office in Düsseldorf after recruiting the entire office of Marccus Partners, consisting of 10 staff – including five partners. Marccus – which is not listed in any of the recognised legal directories for Germany – specialises in company law, M&A, insolvency, banking and finance, real estate and tax. One of the hires, Norbert Knüppel, will be DWF’s executive partner of the new office. Continue reading “International round-up: DWF recruits five partners for Düsseldorf as CMS expands in Africa”

Hogan Lovells losing bulk of South African practice as merger partner breaks away

Hogan Lovells losing bulk of South African practice as merger partner breaks away

Hogan Lovells’ South African headcount is being slashed as its merger partner splits from the firm following a troubled six-year tie-up.

The firm confirmed today (1 August) that it is undergoing a ‘restructuring’ of its South African practice that will see 71 of its lawyers set up an independent law firm, while Hogan Lovells will re-launch a 20-lawyer office in the country under its UK LLP. Continue reading “Hogan Lovells losing bulk of South African practice as merger partner breaks away”

Dentons to enter New Zealand legal market through merger with 100-lawyer Kensington Swan

Dentons to enter New Zealand legal market through merger with 100-lawyer Kensington Swan

Dentons is to grow its global headcount further past the 10,000-lawyer mark after announcing a merger with 113-strong full-service New Zealand firm Kensington Swan.

The combination, announced today (31 July) and subject to approval by partners, will see Dentons enter the New Zealand legal market, with offices in Auckland and Wellington, nearly three years after launching in Australia. Continue reading “Dentons to enter New Zealand legal market through merger with 100-lawyer Kensington Swan”

Eversheds eyes larger California presence following long-awaited Chicago opening

Eversheds eyes larger California presence following long-awaited Chicago opening

Eversheds Sutherland is opening an office in the ‘very competitive’ Chicago market with the hire of two partners, and has plans to bulk out in California, too.

The firm announced today (29 May) it was opening its first new US office since the 2017 tie-up of Eversheds and US outfit Sutherland Asbill & Brennan. Chicago is the firm’s seventh US office, joining Atlanta, Austin, Houston, New York, Sacramento and Washington DC. Continue reading “Eversheds eyes larger California presence following long-awaited Chicago opening”

International round-up: Greenberg Traurig enters Italy through Milan merger as Latham goes big in Japan

International round-up: Greenberg Traurig enters Italy through Milan merger as Latham goes big in Japan

Greenberg Traurig is to open its fifth European office via the acquisition of a Milan boutique and the hire of two veterans from the Italian branch of Freshfields Bruckhaus Deringer.

The US firm announced yesterday (16 May) that as of July the northern Italian city will become the location of its 40th office worldwide while its European lawyer headcount will hit 300. Continue reading “International round-up: Greenberg Traurig enters Italy through Milan merger as Latham goes big in Japan”

Global expansion: Fieldfisher picks Dublin for seventh office launch in a year

Global expansion: Fieldfisher picks Dublin for seventh office launch in a year

Fieldfisher continues to build on what managing partner Michael Chissick describes as a strategy to be ‘in every commercial capital in Europe’, having opened in Dublin – its seventh new office since the beginning of 2018.

The mid-market pacesetter merged on 1 May with Irish firm McDowell Purcell to add the 25th office to its global verein. Led by managing partner JP McDowell, the 120-year-old firm counts 16 partners and 50 lawyers. Its regulatory practice is its core strength, while also operating in disputes, employment, planning, restructuring and insolvency. Continue reading “Global expansion: Fieldfisher picks Dublin for seventh office launch in a year”