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HTMLHow Can Turkish Banking Cope With The Changing Global Banking Dynamics?
Safak Herdem; HERDEM Attorneys At Law;
Legal Alert/Article
February 11, 2015
2008 global economic meltdown had served as an important wake up call for the global banking industry. The complicated web of interrelated financial instruments created by investment banking gurus, accompanied by a lax regulatory regime came to create one of the biggest financial disasters after...

 

HTMLOff-Shore Banking In Turkey
Safak Herdem; HERDEM Attorneys At Law;
Legal Alert/Article
February 11, 2015
The turning point for regulating the market dates back to 2001 for Turkish banking industry after a major banking crisis in Turkey. The remediation efforts of government authorities have been supported by private banks and Turkey has had a new code on banking ( Law No 5411) in 2005.

 

HTMLCollateral Assignments In Respect Of Credit Agreements: Belt Or Suspender For Foreign Companies In Turkey?
Safak Herdem; HERDEM Attorneys At Law;
Legal Alert/Article
February 11, 2015, previously published on October 30, 2014
Turkey has been one of the fastest growing economies during the course of the last decade. Its strong and resilient economy has transformed Turkey in to one of the most important economic hubs in its region. The banking sector has a crucial role to play in this story of success. The ongoing...

 

HTMLNew Regulation For The Turkish Banking Industry: Towards A Healthy Synthesis Between The Banks And The Customers
Safak Herdem; HERDEM Attorneys At Law;
Legal Alert/Article
February 11, 2015
Turkish banking industry is considered one of the strongest in Europe. The crisis ridden global banking industry had experienced numerous difficulties following the 2008 market collapse, but Turkish banking industry had survived the crisis with relatively insignificant scars. The industry emerged...

 

HTMLMergers And Acquisitions Deals In 2014, Expectations For 2015
HERDEM Attorneys At Law;
Legal Alert/Article
February 10, 2015
Turkey, as an emerging market, has its ups and downs to invest from time to time. These times depend on several different factors, but tracing them has crucial importance for investors. Focusing into Mergers & Acquisitions deals can be inspiring when taking decisions for investments.

 

HTMLNew Federal Law Allows Savings Accounts for Individuals with Disabilities
Michael A. Bush; Bowles Rice LLP;
Legal Alert/Article
February 9, 2015, previously published on January 13, 2015
Effective January 1, 2015, the Achieving A Better Life Experience Act (ABLE), a new federal law, provides another tool for special needs planning.

 

HTMLImpact of West Virginia Supreme Court Ruling on Foreclosures
Julia A. Chincheck, Daniel J. Cohn, Sandra M. Murphy; Bowles Rice LLP;
Legal Alert/Article
February 9, 2015, previously published on January 9, 2015
The Supreme Court of Appeals of West Virginia recently created significant new law regarding foreclosures and deficiency actions in West Virginia.

 

Adobe PDFThe "Separate Entity Rule" Remains Alive and Well in New York State
Kenneth R. Puhala; Schnader Harrison Segal & Lewis LLP;
Legal Alert/Article
February 6, 2015, previously published on October 2014
On October 23, 2014, in Motorola Credit Corp. v. Standard Chartered Bank, No. 162, 2014 N.Y. LEXIS 2946 (2014), the New York State Court of Appeals, New York’s highest court, answered in the affirmative the following question certified to the court by the U.S. Court of Appeals for the Second...

 

HTMLU.S. Government Resets Cuban Policy and Eases Sanctions Against Cuba
Jeffrey P. Bialos, B. Scott Burton, Mark D. Herlach, John S. Pruitt, Beverly J. Rudy; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
February 6, 2015, previously published on December 18, 2014
Yesterday, President Obama announced that the United States and Cuba will begin talks to resume full diplomatic relations and partially lift travel and economic sanctions and restrictions, some of which have existed for more than 50 years. The announcement came after 18 months of secret discussions...

 

HTMLRecent CFPB Auto Finance Fair Lending Guidance
Christopher R. Rahl; Gordon Feinblatt LLC;
Legal Alert/Article
February 5, 2015, previously published on October 7, 2014
The CFPB recently released their Summer 2014 issue of “Supervisory Highlights.” The publication addresses the CFPB’s fair lending supervisory activity in connection with indirect auto financing. It also provides insight into the CFPB’s views concerning acceptable methods for...

 


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