Recent Keynotes of July 2022
International Agreements
- Decision dated 27.06.2022 and numbered 5751 on the Ratification of the Fund Grant Agreement signed between Republic of Turkey Ministry of Labor and Social Security and International Bank for Reconstruction and Development, on 05.05.2022, for the Support of Transition to Labor Market Project-Facility for Refugees in Turkey, within the scope of the Second Term of European Union Refugee Financial Facility (FRIT-II) entered into force through publication in the Official Gazette dated 28.06.2022 and numbered 31880.
Resolutions of the President
- The Resolution of the President dated 27.06.2022 and numbered 5752 on the Stoppage Percentages in Provisional Article 67 of Income Tax Law numbered 193 entered into force through publication in the Official Gazette dated 28.06.2022 and numbered 31880.
- The Resolution of the President dated 27.06.2022 and numbered 5752 on the Public Share to be Taken from the Revenue Generated by Public Institutions and Private Organizations Providing Pilotage and Towage published in the Official Gazette dated 28.06.2022 and numbered 31880. The Resolution will enter into force on 01.07.2022.
Legislation
- Law numbered 7411 on the Amendment of Some Laws Related to Health and Decree Law numbered 375 was published in the Official Gazette dated 23.06.2022 and numbered 31875. The provisions of this Law will enter into force on different dates.
- Regulation on the Amendment of the Regulation on the Protection of Wetlands entered into force through publication in the Official Gazette dated 23.06.2022 and numbered 31875.
- Istanbul Settlement and Custody Bank Inc. Central Clearing and Settlement Regulation published in the Official Gazette dated 24.06.2022 and numbered 31876.
- Regulation on the Amendment of the Regulation on Regular Waste Management entered into force through publication in the Official Gazette dated 24.06.2022 and numbered 31876.
- The Law of Istanbul Finance Center, numbered 7412, entered into force through publication in the Official Gazette dated 28.06.2022 and numbered 31880.
- The Law on The Amendment of the Law numbered 7413 on Judges and Prosecutors and Some Laws was published in the Official Gazette dated 28.06.2022 and numbered 31880. The provisions of the Law entered into force on different dates.
- The Regulation on the Amendment of the Regulation on the Procedures and Principles to be Followed in Tax Investigations was published in the Official Gazette dated 28.06.2022 and numbered 31880. The Regulation will enter into force on 01.07.2022.
- The Regulation on the Amendment of the Investor Compensation Centre Regulation entered into force through publication in the Official Gazette dated 28.06.2022 and numbered 31880.
- The Communiqué on the Amendment of the Communiqué Turkish Lira Securities Maintenance for Foreign Currency Liabilities (Communiqué No: 2022/21), entered into force through publication in the Official Gazette dated 30.06.2022 and numbered 31882.
- The Regulation on the Amendment of the Regulation on the National Minimum Wage Requirement entered into force through publication in the Official Gazette dated 01.07.2022 and numbered 31883.
- The Regulation on the Amendment of the Private Hospitals Regulation entered into force through publication in the Official Gazette dated 01.07.2022 and numbered 31883.
- The Regulation on the Amendment of the Regulation on increasing the efficient use of energy resources and energy entered into force through publication in the Official Gazette dated 06.07.2022 and numbered 31888.
- The Communiqué on the Amendment of the Customs General Communiqué (Communiqué No: 187) entered into force through publication in the Official Gazette dated 06.07.2022 and numbered 31888.
- The Communiqué on the Amendment of The Communique on Supporting Conversion to Turkish Lira Deposit and Participation Accounts (Communiqué No: 2022/22) entered into force through publication in the Official Gazette dated 06.07.2022 and numbered 31888.
- The Law numbered 7416 Regarding the Amendment to the Law on Regulation of Electronic Commerce was published in the Official Gazette dated 07.07.2022 and numbered 31889. The provision of the Law will enter into force on different dates.
- The Law numbered 7414 on the Amendment of the Central Government Budget Law of 2022 and its Affiliated Schedules entered into force through publication in the Official Gazette dated 07.07.2022 and numbered 31889.
- The Regulation on the Amendment of the Regulation of the Law of the Attorneyship Law of the Union of Turkish Bar Associations entered into force through publication in the Official Gazette dated 07.07.2022 and numbered 31889.
- Medical Device Clinical Research Regulations entered into force through publication in the Official Gazette dated 08.07.2022 and numbered 31890.
Competition Board Decisions
- The Competition Board (“Board”) granted individual exemption to the joint venture agreement on the control of Changzou BTR New Material Co. Ltd. which is the 100% affiliate of BTR (Jiangsu) New Material Technology Co. Ltd., by the joint control of BTR JIANGSU and EVE Asia Co. Ltd. and the supply of the threefold cathode product that will be produced by New Material Co. Ltd. to SKI INNOVATION, EVE and their subsidiaries. (23.06.2022, 22-28/452-183)
Mergers and Acquisitions
- The Board authorized the acquisition of the sole control of Meritor Inc. By Cummins Inc. (23.06.2022, 22-28/459-186)
- The Board authorized the acquisition of the sole control of Grupo Konectanet, S.L.U and Comdata S.p.A by Intermediate Capital Group plc. (23.06.2022, 22-28/457-185)
- The Board authorized the establishment of joint control by Hughes Company and Saudi Arabian Industrial Investments Company of the company that will be established with the title Baker Petrolite Saudi Company Limited. (23.06.2022, 22-28/451-182)
- The Board authorized the acquisition of the tenancy rights and fixed assets of 25 stores of Ay-mar Ticaret Ltd. Şti., located in Trabzon and Giresun by Migros Ticaret A.Ş. (23.06.2022, 22-28/449-181)
- The Board authorized the acquisition of www.yuvarla.com website under the control of Fonzip Yazılım A.Ş., the necessary infrastructure and the software of the aforementioned site and the “Yuvarla” brand by Papara Elektronik Para A.Ş. (30.06.2022, 22-29/487-196)
- The Board authorized the establishment of a full functional joint venture by Sojitz Corporation and The Goldman Sachs Group, Inc. (30.06.2022, 22-29/486-195)
- The Board authorized the acquisition of the indirect joint control of www.yuvarla.com internet, the necessary infrastructure and the software of Advarra Holdings Inc. by Blackstone Inc. and the Canada Pension Plan Investment Board. (30.06.2022, 22-29/475-190)
- The Board authorized the acquisition of the sole control of Ondura SAS by Kingspan Group Plc through Kingspan Group. (30.06.2022, 22-29/475-190)
Energy
- Decisions of the Energy Market Regulatory Authority (“EMRA”) dated 23.06.2022 and numbered 11037 and 11038 entered into force through publication in the Official Gazette dated 29.06.2022 and numbered 31881.
- The Decision of EMRA dated 29.06.2022 and numbered 11043 was published in the Official Gazette dated 30.06.2022 and numbered 31882. The Decision will enter into force on 01.07.2022.
- Decisions of EMRA dated 30.06.2022 and numbered 11048, 11052, 11053 and 11055 entered into force through publication in the Official Gazette dated 01.07.2022 and numbered 31883.
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