In our book, we have published our research in many new areas and subjects of law, developed in parallel to meet the needs of today's business. Our Newsletter 2019 book includes 16 articles in the field of commercial law. We published seven articles on competition law. As a GAR100 listed law firm with a proven track record in international arbitration we published 11 articles. In the capital markets law, we discussed recent developments on corporate governance compliance reporting, issuance of shares in registered capital systems, and the draft communiqué on equity based crowdfunding. With respect to the law of obligations, we analyzed contracts of work, including costs in foreign currency, indemnity claims for personal injury, parallel debt and its legal nature, and postponed articles pertaining to rent laws. In terms of tax law, we examined recent amendments in relation to tax legislation, taxation of capital decreases, and liability for tax debts of limited liability companies, VAT on exchange differences, and the notification of tax inspection reports within the scope of the right to a fair trial. Our office continues its pioneering role also in sports law, as well as in many new areas of law. Within this framework, the corporatization of football clubs, the Turkish Football Federation Dispute Resolution Committee, annulment of the Court of Arbitration for Sport Awards, costs and late payment of advance costs in CAS arbitrations and the Basketball Arbitral Tribunal were some prominent subjects of our studies. This year, we discussed current issues in the fields of labor law, intellectual property law, civil law and execution and bankruptcy law, as well as protection of personal data. We also addressed topics of interest, such as the Singapore Convention on mediation, the United States' economic sanctions imposed on Iran, and the Regulation on pilotage and towage services. The chapter on Legal Developments provides global insight into material developments in international agreements, laws, presidential decisions, regulations, and communiqués, as well as a synopsis of the decisions of the Turkish Competition Board. We also published a list of energy legislation made effective in 2019, as well as extracts of key court precedents. We believe that this last chapter portrays an executive look on legal developments in terms of 2019, as we have set forth in previous years.

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