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Member Articles


Government Contractor Minimum Wages Raised

Contact: von Briesen & Roper, s.c. (Wisconsin, USA) On February 12, 2014, President Obama issued an Executive Order that raised the minimum wage for Federal contractors and subcontractors to $10.10 per hour. The Executi ...

Draft Act on the Protection of Competition Was Published

Contact: Prof. Dr. H. Ercument Erdem; Erdem & Erdem (Turkey) A Draft Act (“Draft Act”) to amend the Act on the Protection of Competition No. 4054 (“Competition Act”), which entered into force by being publi ...

Communique Regarding Common Terms on Material Transactions and Shareholder’s Right to Dissociate (II-23.1)

Contact: Att. Nilay Celebi; Erdem & Erdem (Turkey) “Material transactions” have become an important issue for companies subject to Capital Markets Law No: 6362 (“Law”). The Capital Markets Board has issued ...

The Contribution of Receivables as Capital in Commercial Companies

Contact: Att. Tuna F. Colgar; Erdem & Erdem (Turkey) Introduction Before we step into the examination of the subject of contributing receivables as capital to corporations, which has been an issue in dispute since ...

Domination Agreements

Contact: Att. Ecem Susoy; Erdem & Erdem (Turkey) Introduction Group companies are regulated for the first time under the Turkish Commercial Code No. 6102 (“TCC”). Although no definition of group companies is s ...

Report to IRS Is Required for Sales Not Paid by Personal Check or Bank Wire

Contact: Carlos Marin; Spencer Fane Britt & Browne LLP (Missouri, USA) Federal regulations make most aircraft sellers subject to mandatory reporting requirements when they are involved in transactions of more than ...

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