Recent Keynotes of August 2019

August 2019
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International Agreements

  • The Resolution of the President dated 20.07.2019 and numbered 1338 on Approval of the Tourism Cooperation Agreement Between the Government of Republic of Turkey and the Government of Uzbekistan was published in the Official Gazette dated 21.07.2019 and numbered 30838.

Resolutions of the President

  • The Supplemental Resolution of the President dated 24.07.2019 and numbered 1362 on Import Regime was published in the Official Gazette dated 25.07.2019 and numbered 30842.
  • The Resolution of the President dated 06.08.2019 and numbered 2019/1402 on the Amendment to the Resolution Concerning on State Aid for Investments was published in the Official Gazette dated 07.08.2019 and numbered 30855.
  • The Resolution of the President dated 06.08.2019 and numbered 2019/1403 on the Amendment to the Resolution on Giving Project-Based State Aid to Investments was published in the Official Gazette dated 07.08.2019 and numbered 30855.

Legislation

  • The Communiqué (Serial No: 7) on the Amendment to the General Communiqué on Customs (Postal and Fast Cargo Transportation) (Serial No: 4) entered into force through publication in the Official Gazette dated 23.07.2019 and numbered 30840.
  • The Regulation on the Amendment to the Planned Areas Zoning Regulation entered into force through publication in the Official Gazette dated 25.07.2019 and numbered 30842.
  • The Communiqué on Evaluation and Ranking of Applications to Obtain Building Inspection Permits entered into force through publication in the Official Gazette dated 30.07.2019 and numbered 30847.
  • The Regulation on the Amendment to the Regulation on Procedures and Principles Regarding Accounting Applications of Banks and Retention of Documents entered into force through publication in the Official Gazette dated 01.08.2019 and numbered 30849.
  • The Regulation on the Amendment to the Regulation on Accounting Practices and Financial Statements of Financial Leasing, Factoring and Financing Companies entered into force through publication in the Official Gazette dated 01.08.2019 and numbered 30849.
  • The Regulation on Uniform Chart of Accounts entered into force through publication in the Official Gazette dated 01.08.2019 and numbered 30849.
  • The General Communiqué on Customs (Generalized System of Preferences) (Serial No: 5) entered into force through publication in the Official Gazette dated 02.08.2019 and numbered 30850.
  • The General Communiqué on Tax Procedural Law (Serial No: 508) entered into force through publication in the Official Gazette dated 03.08.2019 and numbered 30851.
  • The Regulation on the Amendment to the Highways Traffic Regulation entered into force through publication in the Official Gazette dated 03.08.2019 and numbered 30851.
  • The Regulation on Industrial Zones entered into force through publication in the Official Gazette dated 06.08.2019 and numbered 30854.
  • The Regulation on the Amendment to the Implementing Regulation on Organized Industrial Zones entered into force through publication in the Official Gazette dated 06.08.2019 and numbered 30854.
  • The Regulation on the Amendment to the Implementing Regulation on Construction Works Tenders was published in the Official Gazette dated 08.08.2019 and numbered 30856. Different provisions of this Regulation enter into force on different dates.
  • The Regulation on the Amendment to the Regulation on Construction Works Inspection and Acceptance entered into force through publication in the Official Gazette dated 08.08.2019 and numbered 30856.
  • The Communiqué on the Amendment to the General Communiqué on Public Procurement was published in the Official Gazette dated 08.08.2019 and numbered 30856. Different provisions of this Communiqué enter into force on different dates.
  • The Regulation on the Amendment to the Electricity Market Balancing and Settlement Regulation was published in the Official Gazette dated 09.08.2019 and numbered 30857. Different provisions of this Regulation enter into force on different dates.
  • The Regulation on the Amendment to the Regulation on the Loan Transactions of the Banks entered into force through publication in the Official Gazette dated 16.08.2019 and numbered 30860.

Mergers and Acquisitions

  • The Board authorized the acquisition of the sole control of Avon Products, Inc. by Natura Cosméticos S.A. (24.7.2019, 19-26/413-182)
  • The Board authorized the acquisition of the sole control of MTL Oto Ticaret A.Ş. by Ziraat Girişim Sermayesi Yatırım Ortaklığı A.Ş. (24.7.2019, 19-26/410-188)
  • The Board authorized the acquisition of the sole control of Şafak Elektrik Malzemeleri Tic. ve San. A.Ş. by Sicame SAS. (24.7.2019, 19-26/402-187)
  • The Board authorized the acquisition of the sole control of Botros Levante Taşımacılık ve Ticaret A.Ş. by CMA CGM SA. (24.7.2019, 19-26/399-186)
  • The Board authorized the acquisition of the sole control of Chassis Brakes International B.V. by Hitachi Automotive Systems. (24.7.2019, 19-26/398-185)
  • The Board decided that the acquisition of shares of (i) Kolin İnşaat Turizm Sanayi ve Ticaret A.Ş. in İGA Havalimanı İşletmesi A.Ş., CMLKK Bilişim Teknolojileri Hizmetleri A.Ş., CMLKK Liman İşletmesi A.Ş., CMLKK Gayrimenkul Yatırım İşletmeleri A.Ş. and İGA Güvenlik Hizmetleri A.Ş. by Cengiz İnşaat Sanayi ve Ticaret A.Ş. and Kalyon Havacılık ve İnşaat A.Ş. was not subject to authorization, (ii) Koloğlu Holding A.Ş. in Lodos Elektrik Üretim A.Ş. by Cengiz İnşaat Sanayi ve Ticaret A.Ş. and Kalyon Havacılık ve İnşaat A.Ş. (iii) Anıl Çağrı Koloğlu in CMLKK Otopark İşletme Hizmetleri A.Ş. and CMLKK Akaryakıt İstasyonları İşletmeciliği A.Ş. by Mehmet Kalyoncu ve Uğur Cengiz were not subject to authorization. The Board authorized the acquisition of shares of Kolin İnşaat Turizm Sanayi ve Ticaret A.Ş. in İGA Airports Construction Ordinary Partnership Commercial Enterprise by Cengiz İnşaat Sanayi ve Ticaret A.Ş. ve Kalyon Havacılık ve İnşaat A.Ş. (24.7.2019, 19-26/397-184)
  • The Board authorized the establishment of a fully functional joint venture to operate in the field of production and distribution of electrical gadgets by Daimler AG and Zhejiang Geely Holding Group Co., Ltd. (24.7.2019, 19-26/397-184)
  • The Board authorized the acquisition of the joint control of Press Ganey Associates Inc. by the investment funds managed by the subsidiary companies of Leonard Green & Partners L.P. and an investment fund managed by the subsidiary companies of Ares Management Corporation. (24.7.2019, 19-26/392-181)
  • The Board authorized the acquisition of the sole control of SF Ses ve Işık Sistemleri A.Ş. by ASF Ses Işık ve Görüntü Sistemleri A.Ş. (24.7.2019, 19-26/385-180)
  • The Board authorized the acquisition of the sole control of Da Vinci Group B.V by Petroliam Nasional Berhad via PETRONAS Chemicals Group Berhad. (24.7.2019, 19-26/384-179)
  • The Board authorized the acquisition of the sole control of the privities of Colfax Corporation Inc. active in the air and gas operating sector by KPS Capital Partners, LP. (24.7.2019, 19-26/383-178)
  • The Board authorized the establishment of a fully functional joint venture between Chrisholm Oil and Gas, LLC run by the funds managed by the privities of Apollo Management, L.P. and Gastar Holdco, LLC run by one or more funds managed by one or more privities of Ares Management Corporation. (24.7.2019, 19-26/382-177)
  • The Board authorized the acquisition of the joint control of Fupa Asansör İnşaat Pazarlama Sanayi Ticaret A.Ş. by Sandflower S.a.r.l. (24.7.2019, 19-26/381-176)
  • The Board authorized the acquisition of the joint control of Standart Steel Holdings Inc. which is the privity of Nippon Steel Corporation by Sumitomo Corporation. (24.7.2019, 19-26/380-175)
  • The Board authorized the establishment of the joint control on Compañía Española de Petróleos, S.A.U. which was the sole control of CEPSA Holding LLC controlled by Mubadala Investment Company PJSC through the acquisition of certain shares of Compañía Española de Petróleos, S.A.U. by The Carlyle Group L.P. via Matador Bidco S.a.r.l. (31.07.2019, 19-27/415-189)
  • The Board decided that the acquisition of all shares of Hacim Enerji Yatırım Üretim ve Tic. A.Ş. by Eksim Yatırım Holding A.Ş. via İklim Elektrik Yatırım San. ve Tic. A.Ş. was not subject to authorization. (07.08.2019, 19-28/436-BD)
  • The Board authorized the acquisition of the joint control of Parıltım Endüstriyel Toplu Yemek Hizmetleri Turizm Sanayi ve Ticaret A.Ş. by Newrest Group Holding S.A. (07.08.2019, 19-28/427-191)
  • The Board authorized the establishment of a joint venture between JFE Chemical Corporation and Baowu Carbon Materials & Technology Corporation. (07.08.2019, 19-28/425-190)

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