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Turkey bars 3 foreign banks from FX transactions

Turkey has blocked three foreign banks- BNP Paribas, Citibank, and UBS- from doing foreign exchange transactions with the Turkish lira, the nation’s banking watchdog announced on May 7. 




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Turkey to keep industry alive: Industry minister

Turkey will not let the weakening of the Turkish industry due to the pandemic as the country will implement policies to keep it alive, the industry and technology minister said on May 7.




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Low-cost carrier launches freighter flights in Turkey

After suspending its passenger flights due to pandemic flight restrictions, Turkey's low-cost carrier Pegasus Airlines announced on May 7 it has started cargo flights.




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Treasury posts $6.6B cash deficit in April

Turkish Treasury's cash balance this April posted a deficit of 46.2 billion Turkish liras ($6.6 billion), the Treasury and Finance Ministry said on May 8. 




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Inscription unearthed in ancient city of Patara

An excavation team in the ancient city of Patara, located in Turkey’s Mediterranean coast, unearthed an inscription in an ancient theater.



  • Arts & Life

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Istanbul Tulip returns home after 200 years

The Istanbul Tulip returned home to Turkey after two centuries, Consulate General of the Kingdom of the Netherlands has said.



  • Arts & Life

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Residents fly colorful kites from rooftops in Turkey’s Mardin

The residents of the southeastern province of Mardin practicing self-isolation rules due to the coronavirus outbreak are organizing on social media and flying kites from rooftops at certain times every day.



  • Arts & Life

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No visitors let in care homes on Mother's Day

Turkish Labor, Social Services and Family Ministry on May 8 announced visitors will not be allowed to retirement and nursing homes across the country on Mother's Day Sunday, and also during traditional Eid al-Fitr holiday at the end of Muslim holy month of Ramadan.




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Top Turkish diplomat marks Europe Day

Turkey is open to sincere and meaningful cooperation with the EU for a common future, Turkey's foreign minister said on May 9 to commemorate Europe Day.




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Football: 5 substitutes temporarily allowed due to virus

The International Football Association Board (IFAB) confirmed on May 8 that teams can make extra substitutions during games to "protect player welfare" in response to the coronavirus pandemic.




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Turkey develops new output line for defense industry

Turkey’s new production line, established with the locally-produced machines, came into service for a state-run shell factory on May 8. 




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TİKA distributes Ramadan aid, hygiene kits in Tunisia

Turkey’s state-run aid agency on May 8 distributed food packages and hygiene kits among 180 refugee families in Tunisia.




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Turkey 'neutralizes' over 1,300 terrorists in 2020

Turkey has neutralized over 1,300 terrorists across five different operation areas since the beginning of 2020, the country's national defense minister said.




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Red Army Choir performs Ottoman war song amid pandemic

Russia's Red Army Choir shot a video at home playing notes from the Ottoman military band Mehter in support of Turkey's fight with the novel coronavirus.



  • Arts & Life

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Secluded Kalkan draws attention of local tourists wanting to holiday in isolation

As coronavirus lockdowns around the world are easing, the resort town of Kalkan on the Mediterranean coast is drawing the attention of tourists who want to holiday in isolation.



  • Arts & Life

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One Beşiktaş player and a staff tests positive for coronavirus

One Beşiktaş player and a staff member tested positive for the coronavirus three days after the announcement that the Turkish league will resume next month, the club said on May 9. 




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Russia hails Turkey's efforts in Idlib, Syria

Russia on May 8 marked Turkey's efforts in Syria's Idlib province with an aim to free the key M4 highway from radical groups.




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Ankara congratulates EU on Europe Day

The president of Turkey on May 9 marked the annual Europe Day, saying the EU would come out of its current pandemic-induced crisis stronger with the right and timely steps.




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Turkey advancing toward vaccine: Technology minister

Turkish scientists have come to the animal experiment phase to develop a vaccine against the novel coronavirus, the country's technology and industry minister said on May 8. 




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Turkey imposes weekend virus curfew in 24 provinces

Turkey has imposed a two-day curfew in 24 provinces beginning on May 8 at midnight in an effort to stem spread of the novel coronavirus, which has claimed nearly 3,700 lives in the country.




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Analysing blockchain security risks to your supply chain

In the first article of our blockchain series, we explained how the use of blockchain technology had the potential to offer s...




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Ethics becomes a key focus for artificial intelligence adoption

In the last few years, there has been an increasing focus on the need for adequate ethics guidance for the use of artificial intelligence and robots – something we have regularly written and spoken about. For example, in 2017, MEPs from the E...




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EU ETS Participants – Are you prepared for a no deal Brexit?

As participants in the EU ETS will be aware, back in 2017, as part of its planning for Brexit, the UK Government amended the Greenhouse Gas Emissions Trading Scheme Regulations 2012 to require UK operators to surrender allowances in respect of their...




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Product safety and IoT: European Commission orders recall over data security failings

The market for wearable tech is huge and growing, driven by new wellness applications and improved connectivity. Add to that the increasing number of new IoT devices and applications in the home, workplace and industry, and the opportunities both fo...




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A guide to the current and proposed foreign investment regimes in the UK, Germany, EU, US and China

In recent years there has been a marked change in attitude towards foreign investment screening. A range of jurisdictions globally have taken steps to strengthen their ability to review and actively intervene in transactions. Most recently, the EU p...




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Inquiry launched to investigate the impact of toxic chemicals in everyday products

The Environmental Audit Committee (“EAC”) has launched an inquiry to investigate the impact of toxic chemicals on everyday life (launched 12 February 2019). The inquiry will focus on the use of toxic chemicals in everyday products includ...




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UK: Electric Vehicle Infrastructure Delivery Plan for London

Last week, the EV Infrastructure Taskforce (EVIT), which brings together experts from Transport for London and Greater London Authority, announced a new plan to deliver electric vehicle infrastructure for London. This follows engagement with various...




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High Court considers multiple aerospace SPA warranty claims

What's happened? The High Court has considered multiple warranty claims under an aerospace SPA. The case from earlier this year is interesting due to the range of warranty claims considered and the court’s interpretation of the relevant SPA pr...




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The Laws of Life with Garry Hertzberg - The Mining Industry in South Africa (PODCAST)

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ECHA’s proposal to restrict intentionally added microplastics

The public consultation launched by the European Chemicals Agency (“ECHA”) on the topic of microplastics closed on 20 September 2019 with the submission of 477 comments. The consultation followed the publication by ECHA earlier this year...




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World Intellectual Property Organization (WIPO) calls for input into IP policy on AI

One of the major challenges posed by the rapid growth in the use of AI is whether or not existing IP systems are adequate to deal with the ownership and exploitation of AI-assisted and AI-generated products, processes, works and designs, which is so...




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EU Circular Economy - Opportunity to Comment on Roadmap for New Action Plan

The end of December 2019 saw the next step in the EU’s commitment to the adoption of a circular economy as the EU Commission published a road map on a new action plan which aims to speed up the transition to a circular economy. The new plan is...




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German Industry Strategy 2030

On November 29, 2019 the German government published its “Industry Strategy 2030” paper. While the strategy paper expresses only the intentions of the Ministry of Economics, it has potential implications for Germany’s foreign direc...




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Health and safety 2020 forecast

HSE’s Business plan With major structural changes to the UK economy expected post Brexit, now is a time for the Health and Safety Executive (HSE) to reflect on its business plan and the associated implications.  The HSE will be keen to de...




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Coronavirus - key legal challenges and solutions for the international energy industry

Overview On 30 January 2020, the World Health Organization (WHO) declared a Public Health Emergency of International Concern (PHEIC) in response to the spread of the Wuhan coronavirus, the sixth time that the WHO has made this declaration since adop...




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A guide to managing your M&A pipeline during COVID-19 for global industrials

The COVID-19 pandemic has taken global industrials around the world largely by surprise with wide-ranging consequences for their M&A pipelines. Coming on the back of a period of high valuations, political uncertainty and slowing deal activity, C...




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A pandemic within a pandemic-well being strategies and guidance on coping with COVID-19 anxiety for General Counsel

Pandemic: ‘(of a disease) prevalent over a whole country or the world’ Fear: ‘an unpleasant emotion caused by the threat of danger, pain, or harm’ Management: ‘the process of dealing with or controlling things or people...




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Coronavirus - New regulations on the use of unmanned aircrafts introduced by the Italian Civil Aviation Authority – Italy

Introduction In this briefing we look at the regulatory framework applicable to remotely piloted aircrafts in Italy, as recently updated by the Italian Civil Aviation Authority. In particular, this Authority, in line with the Government’s deci...




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Over to EU: ISDA publishes template amendment to convert legacy English law governed agreements to French or Irish law

On 12 March 2020, the International Swaps and Derivatives Association, Inc (“ISDA”) published a template amendment agreement which allows the parties to an English law governed ISDA Master Agreement to convert that agreement to an equiva...




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Coronavirus - Considerations for property funds - UK

Introduction Given the evolving picture on COVID-19 and its impact on the UK economy there are a number of points which property fund managers should be considering in light of the FCA’s recent statements specifically on the virus and their p...




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Coronavirus - Dealing with the financial services regulatory challenges - Ireland

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Coronavirus – FCA and PRA guidance on designating key financial workers – UK

In response to Government guidance on maintaining educational provision for the children of key workers, the FCA and PRA have published guidance regarding individuals in th...




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Coronavirus – Finance overview of governmental economic support for industry - UK

Please note that this is a developing situation and we will update this note on a regular basis when further information is available. Across the budget on 11 March 2020 and the subsequent COVID-19 briefing meetings the Chancellor of the Exchequer h...




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Coronavirus – A selection of issues borrowers and treasury departments should consider – Sweden

  The Coronavirus (COVID-19) outbreak is causing disruption to businesses and markets across sectors and jurisdictions. In this briefing we offer some practical tips for borrowers, treasury departments and customers in relation to loans and oth...




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Coronavirus - ESMA delays SFTR reporting obligation to mitigate impact of COVID-19 - Europe

The European Securities and Markets Authority (“ESMA”) has issued a public statement, “Actions to mitigate the impact of COVID-19 on the EU financial markets” urging national competent authorities not to prioritise supervisor...




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Cyber Security: What Managers Need to Know

There is no cyber-security threat looming on the horizon, the truth is that the storm is already here. An arms race, unseen, digital and all too little understood, is raging. The UK’s Head of Armed Forces, General Sir Nick Carter, recently sta...




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Coronavirus - Supply chain disruption - Global

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Coronavirus - Corporate financing facility - UK

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Coronavirus - Forfeiture, petitions and insolvency reforms - UK

In its response to COVID-19, the UK Government has also been listening to business and seeking to provide further support mechanisms to help those businesses that have been forced to close in the short term. This has included the prohibition on land...




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Coronavirus - FCA proposes temporary financial relief for consumer credit customers - UK

On Thursday 2 April 2020, the FCA issued draft guidance and Handbook changes to address the impact of Covid-19 on consumer credit customers who have credit cards, store cards and catalogue credit, personal loans and overdrafts. There is a short win...