Decrease of monetary thresholds for IPOs for Certain Sectors

Due to the difficulties for certain sectors to reach the increased financial thresholds while considering an initial public offering (IPO), on 28.03.2024, the Capital Markets Board (Board) has announced a principle decision regarding the decrease of the monetary thresholds, which was increased at the end of 2023 for certain companies operating in the

Sustainability Reporting Becomes Applicable to a Wider Range of Companies

The Public Oversight, Accounting and Auditing Standards Authority (Authority) has determined the scope of application of the Turkish Sustainability Reporting Standards (TSRS) while preparation of sustainability reports by businesses, companies and institutions through the decision of its Board (Board) dated 27 December 2023.

Draft Regulation on Operation of Carbon Markets is Submitted to Public’s View

The Draft Regulation on the Operation of Carbon Markets (“Draft Regulation”) as a part of secondary legislations to Draft Climate Law is submitted to public’s view.

ESG: Climate Law is on the way

Following the introduction of the Carbon Border Adjustment Mechanism as part of the EU legislation, the importers from the countries which are not integrated into the EU’s emission trade system or have not adopted their own carbon pricing mechanisms or are not party to a related treaty between the EU and their country of domicile shall be under the obligation to pay carbon taxes according to the emission values of the facilities manufacturing the imported goods

Landmark Decision

The Court of Appeal (“Court”) handed down a landmark decision in a claim requesting the court to set-aside an arbitral award.

German Supply Chain Due Diligence Act Has Entered into Force

The Act on Corporate Due Diligence to Prevent Human Rights Violations in Supply Chains (the Supply Chain Act), imposing new obligations in terms of respecting human rights to certain German companies and their suppliers, entered into force on 1 January 2023..


The European Parliament recently approved the Corporate Sustainability Reporting Directive (the “CSRD”), requiring a large number of companies to report on sustainability matters. The CSRD is prepared as part of the European Green Deal..

Environmental Noise Control

A new Regulation on Environmental Noise Control (the “Regulation”) is published in the Official Gazette dated 30.11.2022. The Regulation aims to prevent the negative effects of environmental noise on environment and human health..

Goodwill Indemnity – Portfolio Compensation

Pekin Bayar Mizrahi is pleased to share a joint article co-authored with KPMG on goodwill indemnity / portfolio compensation.

SEC Proposes New Rules

On May 25, 2022, US Securities and Exchange Commission (“SEC”) proposed amendments to the rules in order to require investment funds..