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OSMANOGLU, founded in 1995 by Nurşen OSMANOĞLU (Attorney-At-Law), is a boutique law firm providing legal support to its local and international clients operating in various sectors.
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Third-party funding in international commercial arbitration is one of the most current and controversial issues in international arbitration. It can be defined as a system wherein a third-party funder partially or fully finances one of the parties’ arbitration costs. In case of a favourable award, the third-party funder is generally remunerated by a pre-agreed percentage of the amount awarded. In case of an unfavourable award, the funder’s investment is lost.
Article 7(2) of the Communique No.2010/4 on Mergers and Acquisitions Requiring the Permission of the Competition Board regulates that the Board may biennially evaluate and amend the merger control thresholds. Two year past have passed after the last amendment and the Board announced on 2th of February 2015 that, by their decision of 29th of January, 2015 numbered 15-05/69, the same merger control thresholds and regime will be applicable for the mergers subject to the approval of the Competition Board in order to become valid.