Recent Keynotes of August 2020

August 2020
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Resolutions of the President

  • The Resolution of the President dated 30.07.2020 and numbered 2810 on the Extension of the Duration of Short-Time Working Allowance for Workplaces that have been Short-Worked Due to a Compelling Reason Within the Context of Cyclical Situations Caused by External Effects Due to the New Coronavirus (Covid-19) was published in the Official Gazette dated 31.07.2020 and numbered 31202.
  • The Resolution of the President dated 30.07.2020 and numbered 2811 on the Extension of the Periods Indicated in the First and Second Clauses of Provisional Article 10 of Labor Law No. 4857 dated 22.05.2003 for One Month Starting from 17.08.2020 was published in the Official Gazette dated 31.07.2020 and numbered 31202.
  • The Resolution of the President dated 30.07.2020 and numbered 2812 on the Amendment to the Resolution on Determination of Value Added Tax Rates to be Applied to Goods and Services was published in the Official Gazette dated 31.07.2020 and numbered 31202.
  • The Resolution of the President dated 07.08.2020 and numbered 2834 on the Amendment to Annex the Resolution of the Council of Ministers Resolution dated 28.08.1998 and numbered 98/11591 on Determination of the Banking and Insurance Transactions Tax Rate Under Article 33 of Expenditure Tax Law No. 6802 was published in the Official Gazette dated 08.08.2020 and numbered 31207.

Legislation

  • The Communiqué on the Amendment to the Communiqué on Signing the Company Establishment Agreement at the Trade Registry Offices entered into force through publication in the Official Gazette dated 22.07.2020 and numbered 31193.
  • The Communiqués on Prevention of Unfair Competition in Imports (No: 2020/15, No: 2020/18, No: 2020/19) entered into force through publication in the Official Gazette dated 24.07.2020 and numbered 31195.
  • The Law on the Amendment to Civil Procedural Law and Certain Laws No. 7251 entered into force through publication in the Official Gazette dated 28.07.2020 and numbered 31199.
  • The Law on Establishment of Digital Media Commission and on Amendment to the Certain Laws No. 7252 was published in the Official Gazette dated 28.07.2020 and numbered 31199. The Articles of the Law entered into force on different dates.
  • The Regulation on the Amendment to the Regulation on the Electricity Market Balancing and Settlement was published in the Official Gazette dated 28.07.2020 and numbered 31199. The Regulation entered into force on 01.08.2020.
  • The Regulation on the Amendment to the Regulation on the Electricity Market Licensing entered into force through publication in the Official Gazette dated 28.07.2020 and numbered 31199.
  • The Regulation on the Amendment to the Regulation on the Oil Market Licensing entered into force through publication in the Official Gazette dated 28.07.2020 and numbered 31199.
  • The General Communiqué of Tax Procedural Law (Serial No: 519) entered into force through publication in the Official Gazette dated 30.07.2020 and numbered 31201.
  • The Law on the Amendment to the Law on Regulating the Publications Made on the Internet and Fighting Against the Crimes Committed Through These Publications No. 7253 was published in the Official Gazette dated 31.07.2020 and numbered 31202. Articles of the Law enter into force on different dates.
  • The Regulation on the Amendment to the Regulation on Supporting and Documenting Renewable Energy Resources entered into force as of 01.08.2020 through publication in the Official Gazette dated 07.08.2020 and numbered 31206.
  • The Regulation on the Abolishment of the Tourism Facilities Implementation Regulation entered into force through publication in the Official Gazette dated 08.08.2020 and numbered 31207.
  • The Regulation on the Safety of Nuclear Facilities and Nuclear Materials entered into force through publication in the Official Gazette dated 08.08.2020 and numbered 31207.
  • The Communiqué on the Amendment to the Communiqué on the Stamp of Trust in Electronic Commerce entered into force through publication in the Official Gazette dated 13.08.2020 and numbered 31212.
  • The Regulation on the Amendment to the Regulation on the Trade of Second Hand Motor Vehicles was published in the Official Gazette dated 15.08.2020 and numbered 31214. Articles of the Regulation enter into force on different dates.
  • The Communiqué on Internal Emergency Plans to be Applied in Major Industrial Accidents entered into force through publication in the Official Gazette dated 15.08.2020 and numbered 31214.
  • The Communiqué on Prevention of Unfair Competition in Imports (No: 2020/20) entered into force through publication in the Official Gazette dated 18.08.2020 and numbered 31217.
  • The Communiqué on the Amendment to the Communiqué on Tariff and Instruction of State Supported Trade Receivable Insurance for Small and Medium Sized Enterprises entered into force through publication in the Official Gazette dated 19.08.2020 and numbered 31218.

Competition Board Decisions

  • The Board granted individual exemption to the signed Preliminary Contract to reveal the terms and principles of the Contract Manufacturing Agreement, which is planned to be concluded by and between Novo Nordisk Sağlık Ürünleri Ticaret Ltd. Şti. and Abdi İbrahim İlaç San. ve Tic. A.Ş. (28.07.2020, 20-36/493-218)
  • The Board granted individual exemption to the Tender Sales Contract concluded by and between Bayer Türk Kimya Sanayii Ltd. Şti. and Medifar Ecza Deposu İlaç Tic. A.Ş. (28.07.2020, 20-36/488-214)

Mergers & Acquisition

  • The Board authorized the acquisition of Masmovil Ibercom S.A. to be jointly controlled by KKR &. Co. Inc., Providence Equity LLP and the fund (Seventh Cinven Fund) managed by Cinven Capital Management (VII) General Partner Limited. (24.07.2020, 20-35/465-205)
  • The Board authorized the acquisition of the joint control of IONITY Holding GmbH & Co.KG by Hyundai Motor Company and Kia Motor Corporation with Daimler AG, Ford Motor Company and Dr. Ing. h.c. F. Porsche Aktiengesellschaft. (24.07.2020, 20-35/457-203)
  • The Board authorized the acquisition of the sole control of BASF Colors & Effects by DIC Corporation. (28.07.2020, 20-36/497-222)
  • The Board authorized the acquisition of the joint control of Axel Springer SE, which was under the joint control of KKR & Co. Inc. and Axel Springer Gesellschaft für Publizistik GmbH & Co., indirectly, by Canada Pension Plan Investment Board. (28.07.2020, 20-36/495-220)
  • The Board authorized the acquisition of the sole control of VLD Danışmanlık Tıbbi Ürünler ve Tanıtım Hizmetleri A.Ş. by Aspen Healthcare FZ LLC. (28.07.2020, 20-36/492-217)
  • The Board authorized the acquisition of the sole control of V.O.S.S. Varinak Onkoloji Sistemleri Satış ve Servis A.Ş. by Varian Medical Systems Inc. (28.07.2020, 20-36/491-216)
  • The Board authorized the acquisition of the sole control of Er-Bakır Elektrolitik Bakır Mamulleri A.Ş. and Başak Metal Ticaret ve Sanayi A.Ş. by Ahmet Nuri Erikoğlu Holding A.Ş. (28.07.2020, 20-36/482-210)
  • The Board authorized the acquisition of some assets of Yıldız Sunta MDF Orman Ürünleri Sanayi Tesisleri İthalat İhracat ve Ticaret A.Ş., which is under concordatum process and suspended its production activities, by Yıldızlar Yatırım Holding A.Ş. or its existing and/ or to-be-established subsidiary companies. (13.08.2020, 20-37/525-233)
  • The Board authorized the acquisition of the sole control of Aras Kargo Yurt İçi Yurt Dışı Taşımacılık A.Ş. by Post 206 Beteiligungs GmbH, which is the subsidiary company of Österreichische Post AG. (13.08.2020, 20-37/524-232)
  • The Board authorized the acquisition of the sole control of Vivense Teknoloji Hizmetleri ve Ticaret A.Ş. by Sahara Holdings S.à.r.l. through Vivense S.à.r.l. (13.08.2020, 20-37/516-230)
  • The Board authorized the acquisition of the sole control of Nutrition & Biosciences, Inc., which will acquire the Nutrition & Biosciences line of work of DuPont de Nemours, by International Flavors & Fragrances Inc. (13.08.2020, 20-37/512-228)
  • The Board authorized the establishment of Beijing Xin Yi Industry Consulting Service Co. Ltd. to be under the joint control of Citic Construction Co. Ltd. and Itochu Corporation. (13.08.2020, 20-37/509-227)

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