Recent Keynotes of March 2020

March 2020
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International Agreements

  • The Resolution of the President dated 05.03.2020 and numbered 2261 on Approval of the Memorandum of Understanding Regarding City Planning between the Government of Qatar and Government of Republic of Turkey was published in the Official Gazette dated 05.05.2020 and numbered 31059.

Resolutions of the President

  • The Resolution of the President dated 03.03.2020 and numbered 2182 on the Amendment to Resolution Numbered 32 on the Protection of the Value of Turkish Lira was published in the Official Gazette dated 03.03.2020 and numbered 310157.
  • The Resolution of the President dated 29.02.2020 and numbered 2178 on the Re-Determining the Special Consumption Tax for Certain Goods was published in the Official Gazette dated 29.02.2020 and numbered 31054.
  • The Resolution of the President dated 25.02.2020 and numbered 2151 on the Amendment to the Resolution on Veiled Income Distribution through Transfer Pricing was published in the Official Gazette dated 25.02.2020 and numbered 31050.

Legislation

  • The General Communiqué on the Application of Digital Service Tax was published in the Official Gazette dated 20.03.2020 and numbered 31074. This Communiqué entered into force as of 01.03.2020.
  • The General Conditions on the Amendment to the General Conditions Regarding Compulsory Motor Vehicle Liability Insurance on Highways was published in the Official Gazette dated 20.03.2020 and numbered 31074. Those Conditions enter into force on 01.04.2020.
  • The Communiqué (No: 2020/9) on the Amendment to the Communiqué on Mandatory Considerations (No: 2013/15) entered into force through publication in the Official Gazette dated 18.03.2020 and numbered 31071.
  • The Regulation on Information Systems of Banks and E-Banking Services was published in the Official Gazette dated 15.03.2020 and numbered 31069. The provisions of this Regulation enter into force on 01.07.2020.
  • The Communiqué on the Fee Tariff in International Arbitration was published in the Official Gazette dated 01.03.2020 and numbered 31055. This Communiqué enters into force on 15.03.2020.
  • The Regulation on the Amendment to the Regulation on Support to the Projects and Activities of Development Agencies was published in the Official Gazette dated 14.03.2020 and numbered 31068. The provisions of this Regulation enter into force on various dates.
  • The Communiqué on Support Programme for the Research and Development (No: 2019/65) was published in the Official Gazette dated 12.03.2020 and numbered 31066. This Communiqué entered into force as of 01.01.2019.
  • The Law on Product Safety and Technical Regulations was published in the Official Gazette dated 12.03.2020 and numbered 31066. This Law enters into force one year from its publication.
  • The Communiqué (2020/8) on the Amendment to the Communiqué (2020/4) on the Procedures and Principles Regarding Fees that may be Collected by Banks from their Commercial Clients entered into force through publication in the Official Gazette dated 11.03.2020 and numbered 31065.
  • The Communiqué on the Amendment to the Communiqué on Classification of Workplaces on Dangers Regarding Occupational Health and Safety entered into force through publication in the Official Gazette dated 08.03.2020 and numbered 31062.
  • The Regulation on the Amendment to the Regulation on Electricity Market Licenses was published in the Official Gazette dated 08.03.2020 and numbered 31062. This Regulation enters into force on 01.07.2020.
  • The Regulation on the Amendment to the Regulation on Ship Dismantling and the Regulation on the Amendment to the Regulation on Building, Repairing and Maintenance of Ships and Sea-Vehicles entered into force through publication in the Official Gazette dated 08.03.2020 and numbered 31062.
  • The Communiqué (No: 2020/6) on the Amendment to the Communiqué on Mandatory Considerations (No: 2013/15) was published in the Official Gazette dated 07.03.2020 and numbered 31061. This Communiqué entered into force as of 06.03.2020.
  • The Communiqué on Preventing Unjust Competition in Exports (No: 2002/5) entered into force through publication in the Official Gazette dated 06.03.2020 and numbered 31060.
  • The Customs General Communiqué (Customs Transactions) (Serial No: 164) entered into force through its publication in the Official Gazette dated 06.03.2020 and numbered 31060.
  • The Regulation on the Amendment to the Regulation on Commercial Aviation Transportation Operators (SHY-6A) entered into force through publication in the Official Gazette dated 06.03.2020 and numbered 31060.
  • The Regulation on the Amendment to the Regulation on Connection and System Usage in Electricity Market entered into force through publication in the Official Gazette dated 03.03.2020 and numbered 31057.
  • The Communiqué (Serial No: 7) on the Amendment to the General Communiqué on the Application of Special Consumption Tax List Numbered (I) entered into force through publication in the Official Gazette dated 03.03.2020 and numbered 31057.
  • The Communiqué (Serial No: 31) on the Amendment to the General Communiqué on the Application of Value Added Tax entered into force through publication in the Official Gazette dated 03.03.2020 and numbered 31057.
  • The Communiqué (2020/5) on the Amendment to the Communiqué (2020/4) on the Procedures and Principles Regarding Fees that may be Collected by Banks from their Commercial Clients entered into force through publication in the Official Gazette dated 29.02.2020 and numbered 31054.
  • The Regulation on the Amendment to the Regulation on Duty, Power, Liability and Education of Occupational Safety Specialists entered into force through publication in the Official Gazette dated 28.02.2020 and numbered 31053.
  • The Law on the Amendment to the Banking Law and other Laws entered into force through publication in the Official Gazette dated 25.02.2020 and numbered 31050.
  • The Regulation on Land and Estate Regulation entered into force through publication in the Official Gazette dated 22.02.2020 and numbered 31047.
  • The Regulation on the Amendment to the Regulation Easing Customs Formalities was published in the Official Gazette (bis) dated 21.02.2020 and numbered 31046. The provisions of this Regulation enter into force on various dates.

Competition Board Decision

  • The Competition Board (“Board”) decided that the Spare Part Sale and Authorized Service Shop Contract between IVECO Araç Sanayi ve Ticaret A.Ş. and its authorized service shops, enjoys block exemption under the Block Exemption Communiqué on Vertical Agreements in Motor Vehicles Sector No. 2017/3 with the condition that the required amendment to Article 31.1. of the Contract is made.

Mergers and Acquisitions

  • The Board authorized the acquisition of the shared control of Baosteel Special Steel Shaouguan Co. Ltd., which is controlled by SGIS Songshan Co. Ltd., by JFE Steel Corporation. (12.03.2020, 20-14/180-92)
  • The Board authorized the acquisition of the control of Fairmont Hotels by Parks Bottom Co Real Estate Holdings Inc. (12.03.2020, 20-14/181-93)
  • The Board authorized the acquisition of the sole control of Güzel Enerji Akaryakıt A.Ş. and Milan Petrol Sanayi ve Ticaret A.Ş. by Ordu Yardımlaşma Kurumu. (12.03.2020, 20-14/186-96)
  • The Board authorized a joint venture by Dgpays Bilişim Hizmetleri A.Ş. and Doğuş Bilgi İşlem ve Teknoloji Hizmetleri A.Ş. to pursue activities in payment services and loyalty applications. (12.03.2020, 20-14/193-99)
  • The Board decided that the acquisition of Actus Portföy Yönetimi A.Ş. by İstanbul Portföy Yönetimi A.Ş. is not subject to authorization. (12.03.2020, 20-14/187-BD)
  • The Board decided that the acquisition of the shares of Turquoise Yat Sanayi A.Ş., Turquoise Shipyard Yat ve Gemi Sanayi A.Ş., Makinel İnşaat Turizm Sanayi ve Ticaret A.Ş. ve Turkuaz Yat İnşaat Sanayi ve Ticaret A.Ş. in different amounts, by Dr. Mohamed Ali Mohamed Al BARWANI, through his indirect subsidiary, Proteksan Yat ve Gemi Sanayi Tic. A.Ş. is not subject to authorization. (12.03.2020, 20-14/188-BD)
  • The Board authorized the acquisition of the sole control of Condor Flugdienst GmbH by Polska Grupa Lotnicza S.A. through its subsidiary, via PGL Germany II Gmbh. (12.03.2020, 20-13/165-84)
  • The Board authorized a joint venture by Toyota Financial Services Corporation, which is a subsidiary of Toyota Motor Corporation, and Mitsui & Co., Ltd. (05.03.2020, 20-13/166-85)
  • The Board authorized the acquisition of certain shares of Evciler Kimya Madencilik ve Değerli Metaller San. ve Tic. A.Ş. by Tesla Recycling Sp. z o.o. sp. k. (05.03.2020, 20-13/168-87)
  • The Board authorized the acquisition of the sole control of OSRAM Licht AG by Ams AG. (05.03.2020, 20-13/169-88)
  • The Board authorized the acquisition of the sole control of Joseph Dresselhaus Gmbh & Co. KG by Nimbus Investments CXXXIII B.V. (05.03.2020, 20-13/170-89)
  • The Board authorized the acquisition of a portion of the capital shares of EP Energy Corporation granting the right to vote by Elliott Associates, L.P. and Elliott International L.P., which are free investment funds, by Elliott Investment Management L.P. (05.03.2020, 20-13/171-90)
  • The Board authorized the acquisition of the sole control of Hexcel Corporation by Woodward Inc. through a merger with Woodward Inc.’s subsidiary, Genesis Merger Sub, Inc. (05.03.2020, 20-13/172-91)
  • The Board decided that the acquisition of all of the shares of Tekno Rüzgar Enerji Yatırım Üretim ve Ticaret A.Ş. by Ziyaret RES Elektrik Üretim San. ve Tic. A.Ş. is not subject to authorization. (05.03.2020, 20-13/172-91)
  • The Board authorized the acquisition of the mutual control of Sansa Beteiligungsverwaltungs GmbH, which is under the whole control of Generali Real Estate S.p.A., by Apleona Real Estate GmbH. (27.02.2020, 20-12/140-77)
  • The Board authorized the acquisition of the sole control of Dubai Starr Sigorta A.Ş.'nin by Oman Insurance Company. (27.02.2020, 20-12/142-78)
  • The Board authorized the acquisition of the sole control of Anixter International Inc. by Wesco International Inc. (27.02.2020, 20-12/146-81)

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