New U.S. antidumping (“AD”) and countervailing duty (“CVD”) petitions were filed on June 20 by Webb Wheel Products, Inc. (the “Petitioner”) against imports of certain brake drums from the People’s Republic of China (“China”)...more
On June 20, 2024, Webb Wheel Products, Inc. (“Webb” or “Petitioner”), filed a petition for the imposition of antidumping and countervailing duties on U.S. imports of Certain Brake Drums from the People’s Republic of China and...more
Turkey has published multiple guidelines on the use of AI in various sectors; Turkish government expected to enact AI-specific regulation in the near future. Laws/Regulations directly regulating AI (the “AI Regulations”) ...more
On May 10, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an Interim Final Rule (IFR), effective August 8, 2024, that updates the Reporting, Procedures, and Penalties Regulations....more
This alert has been updated to address the May 2024 announcement by Turkey of its suspension of exports and imports with Israel and the impact for United States antiboycott compliance. ...more
The UK’s latest sanctions affect multiple areas and actors, including Turkish, Chinese, and Dubai-based entities alleged to support Russian military activities. This Client Alert is published in the context of ongoing...more
In World Law Group's Doing Business In Guide, member firms around the globe share how to successfully do business in their countries, key investment sectors, and what business opportunities are hot in the market right now. In...more
On March 26, 2024, the Eastman Chemical Company (“Petitioner”), filed a petition for the imposition of antidumping on DOTP imports from Taiwan, Turkey, Malaysia, and Poland....more
A. Types of Business Entities - 1. Description of The Types of Entities - Pursuant to Turkish Foreign Direct Investment Law, foreign investors are free to make foreign direct investments in Turkey and shall be...more
On the second anniversary of the start of the war in Ukraine and in response to the death of activist Aleksey Navalny in a Russian prison, the United States, European Union, and United Kingdom, along with Australia and...more
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER TURKISH LAW - 1. Agreement Types - Pursuant to Turkish laws, a real estate sale and purchase agreement shall be in an official form and the transfer of ownership of real...more
The first post in this series discussed Turkey’s recent detention of 56 individuals being sought with Red Notices. Today’s post will describe Turkey’s turbulent history with INTERPOL and how it affects the country’s...more
The Minister of the Interior of Turkey, Ali Yerlikaya, has reported the detention of 56 Red Notice subjects with crimes ranging from drug dealing and money laundering to murder, counterfeiting, and assault. These subjects are...more
The year 2023 ended with a bang in the cartel space, with a federal court of appeals upending what was long believed to be the scope of conduct that should be considered per se under the Sherman Act. The new year, 2024,...more
Mayor Adams Campaign Investigation- Federal agents seized Mayor Adams’ electronic devices early last week, as investigations into his campaign continue. This follows a raid at the home of Adams’ chief fundraiser, Brianna...more
In August 2023, the New York District Attorney’s (NYDA) Antiquities Trafficking Unit, which specializes in investigating looted artifacts, seized a headless statue valued at $20 million from the Cleveland Museum of Art (CMA)...more
The "European Antitrust Bimonthly Bulletin" breaks down the major antitrust developments in Europe during the past two months into concise and actionable takeaways....more
Turkish President Recep Tayyip Erdogan took a strong, uncompromising pro-Hamas stance in the latter’s military conflict with Israel last week. In so doing, he torpedoed any potential in the near future for possible joint...more
On October 4, 2023, U.S. interested parties filed a petition (“Petition”) seeking to impose antidumping (“AD”) and countervailing duties (“CVDs”) on imports of certain aluminum extrusions from China, Colombia, the Dominican...more
On Sept. 14, 2023, the U.S. government designated five Turkish companies for breaching U.S. sanctions against Russia. The designations should not have been a surprise, as Washington had been warning the Turkish government and...more
Following the entry into force of its FTAs with Australia and New Zealand, the UK continues to pursue a negotiation-focused trade agenda by signing up to the CPTPP and initiating a new FTA dialogue with Türkiye....more
After February 6, 2023, in order to meet the financing needs arising from the earthquake in Kahramanmaraş, a legislative proposal was submitted to the parliament which establishes an Additional Motor Vehicle Tax for 2023 and...more
There was a clear trend toward domestic activity in Q1 2023. More than 94% of all deal value and nine of the top-ten deals were attributable to Turkish parties on the buy side, according to Mergermarket....more
On Sunday, 14 May, Turkish citizens will vote in presidential and parliamentary elections, which will arguably be the most consequential poll since the country’s first competitive multiparty elections in 1950. The vote...more
On May 2, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced, pursuant to Executive Order 13224, a joint action with the Republic of Turkey to designate two financial facilitators of Syria-based...more