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Legal Solutions for the Obstruction of the Public Investments on Mining Activities 17 January 2019
Turkey has been known with its potential of mine variety which also attracts the attention of the foreign investors. However, despite several amendments made to the Mining Law numbered 3213 (the “Law”) which came into force in 1985 over years, the mining sector has not developed as expected. Therefore, it was a necessity to remove the loopholes in the Law and find solutions for the problems in the mining sector. In that respect, the Law numbered 5995 which makes significant amendments to the Law was published in the Official Gazette and came into force on June 24, 2010.
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Solar Power Plant (SPP) Investments With Or Without License And Legal Risks It Reserve For Investors 15 January 2019
It is well-known that; the cleanest energy source in green energy area is solar power. Because of the high insolation rate and being one of the countries which receive sunlight the most through the year due to the geographic location of our country, investments regarding solar power are increasing lately.
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Facilitated Merger 11 January 2019
Merger can be defined as establishing a new Corporation through consolidation of two or more Corporation or joining of a Corporation to another existing Corporation. It is regulated in Article 136 and the rest of Turkish Commercial Code, and according to Turkish Commercial Code, merger is occurred by acquiring the shares of the transferee company by the partners of the predecessor company, in accordance with a rate by considering the predecessor company’s properties which join to the transferee company.
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Developments in Turkish Law Related To ICO 9 January 2019
An alternative capital increase method which is named as “Initial Coin Offer (“ICO”) in foreign countries, has been adopted by our legislation with the Law on “the Amendment of Some Taxation Laws and Other Laws” (“Law”) numbered 7061 which was published in the Official Gazette dated 05.12.2017, under the name of “Crowd Funding”.
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The Investment Programme Adopted By the 87th Session of Montenegrin Cabinet 7 January 2019
The 87th session of Montenegrin Cabinet has taken place in Podgorica, Montenegro on 26 July 2018. At its 87th session, the Montenegrin Cabinet adopted the programme for acquiring Montenegrin citizenship by admission on the basis of a special investment programme. This new program is part of the Government's continuing effort to attract foreign direct investment with purpose of increase in economic activities and capital movement. The programme of economic citizenship will be applied to up to 2000 most relevant applicants from non-EU countries for a limited period of three years.
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Legal Assessment on the Difference between Initial Coin Offering (“ICO”) and Initial Public Offering (“IPO”) 7 January 2019
Initial Coin Offering (“ICO”), which has been regulated as Crowd Funding in our legislation, is an alternative system to the bought deal of Initial Public Offering (“IPO”). Although it is a new system, ICO becomes widespread as the economies also become digital day by day.
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Islamic Financing: Notion and Key Instruments 3 January 2019
1. What is Islamic Financing?
Islamic financing or Islamic banking as the main pillar of the Islamic financing has been traditionally defined as the system of banking or banking activity that is consistent with the principles of theShari'ah (Islamic rulings). In its core, Islamic banking has the same purpose as conventional banking which is to make money by lending out capital, except that it operates in accordance with the rules of Shari’ah.
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How to Invest and Establish a Branch in Iran? 31 December 2018
Following the Islamic Revolution, the banks and the firms in the country were nationalized and foreign capital was prohibited in Islamic Republic of Iran. Therefore, foreign investment was blocked in Iran. However, with Third and Forth Five Years Development Plans, Iran paved the way for the entry of the foreign capital to Iran and intended to make investment by foreign companies. In line with this purpose, multiple regulations were made in legal system.
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International Regulations Regarding ICO (Initial Coin Offering) 27 December 2018
Initial Coin Offering (“ICO”) or the system that entered our legislation as Crowd Funding is drawing attention as a system that is becoming increasingly spreading as economies become more digitalized and globalized with technological advancements. Although it is similar to the existing Initial Public Offer (“IPO”) system, ICO is giving virtual currency to the investors for their investment to provide the fund that project or a venture company needs rather than stock certificate as used in Public Offering.
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Blockchain: Database of the Future and Possible Usage Areas of It 25 December 2018
Blockchain, named as the most secured database ever made, is software designed to create a database that can record the transactions of virtual currencies such as Bitcoin. With this software it is ensured that the stored transaction is simultaneously recorded on the database of corresponding transaction by adding to the end of the chain of transactions in which all previous transactions have been recorded. However, the most important feature that distinguishes Blockchain from other database systems is that Blockchain is not registered in a single (main) center.
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