Recent Keynotes of July 2020

July 2020
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International Agreements

  • The Resolution of the President dated 27.06.2020 and numbered 2667 on the Approval of the Agreement Regarding International Combined Goods Transport between the Government of the Republic of Turkey and the Government of Uzbekistan was published in the Official Gazette dated 28.06.2020 and numbered 31169.

Resolutions of the President

  • The Resolution of the President dated 27.06.2020 and numbered 2678 on the Turkish Payment and Electronic Money Institutions Union Status was published in the Official Gazette dated 28.06.2020 and numbered 31169.
  • The Resolution of the President dated 27.06.2020 and numbered 2681 on the Amendment to the Resolution on Project-Based State Aid to Investments was published in the Official Gazette dated 28.06.2020 and numbered 31169. Various provisions of this Resolution enter into force on different dates.
  • The Resolution of the President dated 29.06.2020 and numbered 2706 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 30.06.2020 and numbered 31171.
  • The Resolution of the President dated 10.07.2020 and numbered 2729 on Conferral of Management of the Hagia Sophia Mosque to the Presidency of Religious Affairs and be Opened to Worship Pursuant to Article 35 of Law No. 633 on the Establishment and Duties of the Presidency of Religious Affairs dated 22.06.1965, since the Decision of the Council of Ministers dated 24.11.1934 and numbered 2/1589 on the Conversion of the Hagia Sophia Mosque into a Museum in the Fatih District, Istanbul, was canceled by the Decision of the Tenth Chamber of the Council of State was published in the Official Gazette bis 1 dated 10.07.2020 and numbered 31181.
  • The Resolution of the President dated 10.07.2020 and numbered 2740 on the Amendment to the Articles of Association of the Central Bank of the Republic of Turkey Inc. was published in the Official Gazette dated 11.07.2020 and numbered 31182.

Legislation

  • The Regulation on the Amendment to the Road Transport Regulation entered into force through publication in the Official Gazette dated 06.2020 and numbered 31164.
  • Law numbered 7246 on the Amendment to the Law on the Protection of Competition entered into force through publication in the Official Gazette dated 24.06.2020 and numbered 31165.
  • Law numbered 7247 on the Amendment to Certain Laws and Decree Laws entered into force through publication in the Official Gazette dated 26.06.2020 and numbered 31167.
  • The Communiqué on Significant Transactions and Retirement Right (II-23.3) entered into force through publication in the Official Gazette dated 27.06.2020 and numbered 31168.
  • The Communiqué on Major Accidents Scenario Document to be Prepared for Major Industrial Accidents was published in the Official Gazette dated 30.06.2020 and numbered 31171. This Communiqué entered into force on 01.07.2020.
  • Law numbered 7248 on the Abolition of Certain Provisions of the Provisional Law on the Abolition and Amendment of Certain Provisions of Law No. 491 and dated 1924 on the Turkish Constitution of 1921 and Elimination of the Caused Victimization was published in the Official 01.07.2020 and numbered 31172. Various provisions of this Law enter into force on different dates.
  • The Regulation on the Amendment to the Organized Industrial Zones Implementing the Regulation entered into force through publication in the Official Gazette dated 03.07.2020 and numbered 31174.
  • The Regulation on the Amendment to the Associations Regulation entered into force through publication in the Official Gazette dated 09.07.2020 and numbered 31180.
  • Law numbered 7249 on the Amendment to Legal Practitioners Act and Certain Laws entered into force through publication in the Official Gazette dated 15.07.2020 and numbered 31186.
  • The Regulation on the Management and Accretion of Special Fund Assets entered into force through publication in the Official Gazette dated 16.07.2020 and numbered 31187.
  • The Regulation on the Amendment to the Regulation on Shopping Malls entered into force through publication in the Official Gazette dated 17.07.2020 and numbered 31188.
  • The Regulation on the Amendment to the KOSGEB Guidance and Inspection Board Regulation entered into force through publication in the Official Gazette dated 19.07.2020 and numbered 31190.

Mergers and Acquisitions

  • The Competition Board (“Board”) authorized the acquisition of the certain shares of Tatilbudur Seyahat Acenteliği ve Turizm A.Ş. by Çetin YILMAZ and, following this acquisition, the transfer of certain acquired shares to İş Girişim Sermayesi Yatırım Ortaklığı A.Ş., and certain shares to Derya Bülent KUŞ. (25.06.2020, 20-31/394-177)
  • The Board authorized the acquisition of the sole control of Unico Sigorta A.Ş. by SBK Holding A.Ş. via Heksagon Mühendislik ve Tasarım A.Ş. (25.06.2020, 20-31/393-176)
  • The Board authorized the acquisition of the sole control of Gülçiçek Kimya ve Uçan Yağlar Sanayi ve Ticaret A.Ş. by Fragar (Europe) SA. (25.06.2020, 20-31/388-174)
  • The Board authorized the acquisition of the sole control of OceanConnect Marine HK Ltd., OceanConnect Marine DMCC, OceanConnect Marine GmbH, and OceanConnect Marine Services LLC, by Bunker Holding A/S, through the transfer of shares and assets. (25.06.2020, 20-31/387-173)
  • The Board authorized the acquisition of the joint control of Mytex Polymers (Thailand) Co. by Japan Polypropylene Corporation, controlled by Mitsubishi Chemical Holdings Corporation, and IRPC Public Company Limited, controlled by PTT Public Company Limited. (25.06.2020, 386-172)
  • The Board authorized the acquisition of the sole control of BASF SE’s construction chemicals business line by LSF11 Skyscraper Investments S.à.r.l, an indirect subsidiary of Lone Star Fund XI, L.P., which is the investment fund of Lone Star Funds, a global private equity company. (25.06.2020, 20-31/380-169)
  • The Board authorized the acquisition of the sole control of Çizgi Telekomünikasyon A.Ş. by Combell NV, which is a subsidiary of team.blue Topco Sarl. (02.07.2020, 20-32/404-185)
  • The Board authorized the acquisition of Temsa Ulaşım Araçları San. ve Tic. A.Ş. by Exsa Export Sanayi Mamulleri Satış ve Araştırma A.Ş., which is a subsidiary of Hacı Ömer Sabancı Holding A.Ş. and PPF Beer Topholdco B.V. (02.07.2020, 20-32/400-181)
  • The Board decided that the acquisition of certain shares of Erguvan Enerji Elektrik Üretim A.Ş. by Batıyel Enerji Elektrik Üretim A.Ş., is not subject to authorization. (09.07.2020, 20-33/430-BD)
  • The Board decided that the acquisition of certain shares of Japan Marine United Corporation by Imabari Shipbuilding Co., Ltd. is not within this scope. (09.07.2020, 20-33/429-BD)
  • The Board authorized the transfer of certain shares that Kalyon Enerji Yatırımları A.Ş. and Türkerler İnşaat Turizm Madencilik Enerji Üretim Ticaret ve Sanayi A.Ş. have in the capital of Kalyon Türkerler Rüzgâr Enerjisi Elektrik Üretim A.Ş. to Metgün Enerji Yatırımları A.Ş. and certain shares to Efa Group Enerji Üretim Danışmanlık ve Sanayi Ticaret A.Ş. (09.07.2020, 20-33/428-195)
  • The Board authorized the acquisition of the sole control of Socar Turkey LNG Satış A.Ş. by Naturelgaz Sanayi ve Ticaret A.Ş. (09.07.2020, 20-33/427-194)
  • The Board authorized the establishment of a joint venture to operate in the petrochemical industry, to be established in Turkey and, ultimately, to be controlled by the State Oil Company of the Azerbaijan Republic and BP p.l.c. (09.07.2020, 20-33/426-193)
  • The Board authorized acquisition of the control of SeQuent Scientific Limited by CA Harbor Investments, a special-purpose company owned and controlled by investment funds guided by the subsidiaries of The Carlyle Group Inc. (09.07.2020, 20-33 / 421-192)
  • The Board authorized the acquisition of the sole control of some economic units and assets that make up a certain part of the current business activities owned and controlled by Travelex Limited by some funds controlled by Baring Asset Management Limited. (09.07.2020, 20-33 / 415-191)
  • The Board authorized the acquisition of the joint control of Tilney Group Limited and Smith & Williamson Holdings Limited, through a series of interconnected transactions, ultimately through funds controlled by Permira Holdings Limited and Warburg Pincus LLC. (09.07.2020, 20-33/414-190)
  • The Board authorized the acquisition of the joint control of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd. by Hitachi, Ltd. and Honda Motor Co., Ltd. (09.07.2020, 20-33/413-189)
  • The Board authorized the acquisition of the joint control of Doğan Müzik Yapım ve Ticaret A.Ş. by Believe International S.à.r.l. (09.07.2020, 20-33/412-188)

Energy

  • Resolutions dated 18.06.2020 and numbered 9392, 9393, 9394, 9395, 9397 of the Energy Market Regulatory Authority (“EMRA”) were published in the Official Gazette dated 25.06.2020 and numbered 31166.
  • The April 2020 Monthly Sector Reports were published on the official website of the EMRA on 03.07.2020.
  • The Sector Reports in English for the year 2019 were published on the official website of the EMRA on 03.07.2020.

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