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Insurance

Turkey

Insurers, reinsurers, and brokers face an increasingly unpredictable world, not least because of tougher capital and risk requirements impacting on your business. So you can be certain to meet these challenges successfully, you need advisors with specialist knowledge of your sector and a detailed understanding of the evolving regulatory framework. CMS has helped major insurers establish and expand operations in Turkey and emerging Europe. We are the market leader in M&A in the sector, offer dedicated regulatory expertise and have extensive experience from distribution of insurance products to defence of class action claims.

With 100 insurance lawyers across 34 countries, we can protect your commercial interests in your home market and across borders. We provide advice based on strong local knowledge delivered on a Europe-wide basis by expert lawyers, many of whom have worked in the sector or for regulatory authorities. We assist clients on the most complex transactional, advisory and contentious matters. A multi-disciplinary team advises on strategic as well as operational matters, liability and dispute resolution, policy drafting, coverage, regulatory issues, M&A, capital raising and restructurings, HR, tax, real estate and commercial issues.

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07 May 2021
Tur­key Dis­missal ban has been ex­ten­ded again
The Pres­id­en­tial De­cision numbered 3930 was pub­lished in the Of­fi­cial Gaz­ette on 30 April 2021 and ex­tends the peri­od of dis­missal ban un­til the end of June 2021. Thus, un­til 30 June 2021, the ban on...
07 May 2021
Tur­key in­tro­duces re­mote work­ing scheme
On 10 March 2021, Tur­key en­acted the Re­mote Work Reg­u­la­tion, which reg­u­lates the de­tails of re­mote work in ac­cord­ance with Art­icle 14 of the Turk­ish La­bour Law No. 4857. Gen­er­al pro­vi­sions on re­mote work...
16 April 2021
Tur­key is­sues com­mu­niqué to cre­ate de min­imis flex­ib­il­ity in com­pet­i­tion...
On 16 March 2021, the Turk­ish Com­pet­i­tion Au­thor­ity (the "Au­thor­ity") is­sued the Com­mu­niqué on Agree­ments, Con­cer­ted Prac­tices and De­cisions of As­so­ci­ations of Un­der­tak­ings Not Ap­pre­ciably Re­strict­ing...
12 April 2021
EU Di­git­al Ser­vices Act gives new leg­al frame­work for plat­form eco­nomy
The European Com­mis­sion has is­sued the draft pro­pos­al for the Reg­u­la­tion on a Single Mar­ket for Di­git­al Ser­vices (Di­git­al Ser­vices Act or DSA), which cre­ates a new leg­al frame­work for di­git­al ser­vices...
26 March 2021
Oil & Gas / Ship­ping – The Ever Giv­en
The Suez Canal opened in 1869. Along with the Panama Canal, it is one of the most im­port­ant mari­time “short­cuts” ever built. Today, the canal is 193km (120 miles) long and is one of the busiest wa­ter­ways...
10 March 2021
Tur­key: Peri­od of dis­missal ban ex­ten­ded again by 2 months
The peri­od of the dis­missal ban of em­ploy­ees has been ex­ten­ded by 2 months start­ing from 17 March 2021 fol­low­ing the pub­lic­a­tion of Pres­id­en­tial De­cision No. 3592 in the Of­fi­cial Gaz­ette on 9 March 2021...
05 March 2021
Tur­key launches a con­trolled nor­m­al­isa­tion pro­cess in the fight against...
On 1 March 2021, the Pres­id­en­tial Cab­in­et, led by Pres­id­ent Re­cep Tayyip Er­doğan up­dated Tur­key's strategy in the fight against the COV­ID-19 pan­dem­ic by in­tro­du­cing a new con­trolled nor­m­al­isa­tion pro­cess...
22 January 2021
EDPB is­sues draft guidelines for data breach no­ti­fic­a­tions
Fur­ther to the GDPR re­quire­ment for re­port­ing per­son­al data breaches to the com­pet­ent data pro­tec­tion au­thor­ity and, in cer­tain cases, to af­fected in­di­vidu­als, the European Data Pro­tec­tion Board (EDPB)...
19 January 2021
New GDPR strategy to tackle new tech­no­logy, data se­cur­ity, in­ter­na­tion­al...
The European Data Pro­tec­tion Board (EDPB) pub­lished its GDPR Strategy 2021-2023 on 5 Janu­ary 2021, set­ting out four main pil­lars and key ac­tions, which in­clude: Pil­lar 1: Ad­van­cing har­mon­isa­tion and...
16 January 2021
Tur­key re­struc­tures cus­toms du­ties un­der Law No. 7256
Law­makers in Ank­ara re­cently passed sec­ond­ary le­gis­la­tion to the Law on the Re­struc­tur­ing of Cer­tain Re­ceiv­ables and Amend­ments to Cer­tain Laws No. 7256 (“Law”), which in­tro­duced pro­vi­sions for re­struc­tur­ing...
13 January 2021
Bel­gian trans­ition­al re­gime for the UK in­sur­ance in­dustry
On 1 Janu­ary 2021, the Brexit trans­ition peri­od came to an end and the United King­dom (“UK”) of­fi­cially left the European Uni­on. The UK can now no longer en­joy the be­ne­fits of the in­tern­al mar­ket...
13 January 2021
EU­'s Por­tuguese pres­id­ency re­leases new draft of ePri­vacy Reg­u­la­tion
On 5 Janu­ary 2021, the Coun­cil of the EU – with Por­tugal serving as the Pres­id­ent-in-Of­fice – re­leased a new draft ver­sion of the ePri­vacy Reg­u­la­tion, which is meant to re­place the ePri­vacy Dir­ect­ive...