NEWSLETTER-2017

VI by ICC, we discussed the importance of ICC model contracts as part of soft law. Our team also wrote extensively on competition law particularly on the compensation lawsuits arising due to violation of competiti- on rules that create serious problems in practice, the approach of the Turkish Competition Board towards attorney-client privilege, recent investigations in the electricity sector, Block Exemption Communiqué on Vertical Agreements and Concerted Practices in the Motor Vehicle Sector and detailed analysis on Booking.com decision. As a GAR100 listed law firm with a proven track record in in- ternational arbitration, we have investigated on ICC serial arbitration rules, the relationship of “arbitrability” and “public order” in light of the decisions of the Court of Cassation, the effect of the principle of seperability on determination of the applicable law in arbitration, and the landmark decision of the Swiss Supreme Court on the refusal of a set aside request. The gradual increase of the practice of investment arbitration led us to examine ICSID Tribunal’s Decision on the Claims of İçkale İnşaat against the state of Turkmenistan, the institutions of moral damages claim and umbrella clauses in investment arbitration. In capital markets law, we have analyzed the real estate certifi- cates, activities of foreign investment institutions in Turkey and the Draft Law on Crowdfunding. Last year, Turkish Capital Markets Bo- ard introduced important amendments to two communiqués therefore we shared the amendments made in the Communiqué on Disclosure of Material Events and the Communiqué on the Debt Securities with you in this edition. As customary over the years, we wrote on contemporary issues in energy law, contracts law (law of obligations), labor law and employ- ment affairs, intellectual property, civil law and bankruptcy and col- lection litigation as well as tax law. Year 2017 has been an important year with regard to the legislation on data protection. We have referred to the topics of UN General Data Protection Regulation and its terri- torial scope, destruction of personal data, protection of personal data within the scope of labor law and the management of personal data by employers. The chapter on Legal Developments provides a global