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Blockchain: Database of the Future and Possible Usage Areas of It 27 December 2017
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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Being Responsible for Personal Assets of the Shareholder from Corporate Debts by the Method of Lifting the Corporate Veil 26 December 2017
Legal entity means being a party of legal proceedings as an independent entity from the shareholders of the equity companies and being liable for the transactions independently from shareholders. The legal entity of the company is liable from the contracts and transactions for which the company is a party, not the shareholders. The shareholders are only liable toward the legal entity for their participation rate in the capital. This situation creates a limited liability of the shareholders.
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Developments in Turkish Law Related to ICO 12 December 2017
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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An Alternative Dispute Resolution For Foreign Investors: ICSID 4 December 2017
The ICSID (International Centre for Settlement of Investment Disputes, “Centre”) Arbitration is a popular alternative dispute resolution system for disputes that arise between the states/the administrative bodies of states and the companies which contain foreign capital.
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Solar Power Plant (SPP) Investments with or without License and Legal Risks It Reserves for Investors 27 November 2017
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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Legal Regime to be Applied to Bitcoin and Other Virtual Currencies 23 November 2017
Virtual currency whose popularity has increased lately called Bitcoin, which was invented in 2008 by Satoshi Nakamoto, has no physical reciprocity and is not under control of any countries or central banks. Bitcoin which is fundamentally a software provides “person A” to transfer digital money to “person B” and uses Peer to Peer (“P2P”) network protocol which is used for sharing data between two or more computers without needing any central coordination. Therefore; due to the usage of P2P network protocol, no intermediary is needed while using Bitcoin.
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Remarkable Points within the Scope Of Regulation on Deletion, Destruction or Anonymization of Personal Data 22 November 2017
Law on Protection of Personal Data numbered 6698 (“the Law”) determined the general framework and stated that procedures and principles on many articles shall be regulated with regulations while protecting all kinds of data relating to identified or identifiable natural person.
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The Law on Labor Courts and Mediation as a Precondition to File a Law Suit 15 November 2017
The Law on Labor Courts numbered 7036 (“the Law”) has entered into force by its promulgation in the Official Gazette dated 25.10.2017 and numbered 30221. Pursuant to the Law, former Law on Labor Courts numbered 5521 which was published in the Official Gazette dated 04.02.1950 and numbered 7424 has been abolished.
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EB-5 Investor Visa Program of the United States of America and Its Advantages 1 November 2017
In the United States of America (“USA”), EB-5 Program is being operated in order to attract foreign investors since 1990 and the visa needed to be taken under this program is called EB-5 Employment Based Visa (“EB-5 Investor Immigrant Visa”).
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Adopting Explicit Consent of Data Subject Regarding Processing and Transferring Personal Data 13 October 2017
I. Processing and Transferring Personal Data
The Law on Protection of Personal Data numbered 6698 (“the Law”) defines processing personal data as “All operations performed upon personal data such as collection, recording, storage, retention, alteration, re-organization, disclosure, transferring, taking over, making retrievable, classification or preventing the use thereof, fully or partially through automatic means or provided that the process is a part of any data registry system, through non-automatic mean.”
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