Recent Keynotes of March 2025
International Agreements
- Law No. 7544 on the Approval of the Ratification of the Cooperation Agreement between the Government of the Republic of Türkiye and the Government of the Republic of Azerbaijan in the Field of Natural Gas entered into force through publication in the Official Gazette dated 05.03.2025 and numbered 32832.
- The Resolution of the President dated 04.03.2025 and numbered 9538 on the Approval of the Memorandum of Understanding on Cooperation in the Field of Fisheries and Aquaculture between the Republic of Türkiye and the Bolivarian Republic of Venezuela was published in the Official Gazette dated 05.03.2025 and numbered 32832.
- The Resolution of the President dated 04.03.2025 and numbered 9539 on the Approval of the Memorandum of Understanding on Cooperation in the Field of Improvement of Normative and Unit Pricing System in Construction between the Government of the Republic of Türkiye and the Government of the Republic of Azerbaijan was published in the Official Gazette dated 05.03.2025 and numbered 32832.
- The Resolution of the President dated 06.04.2025 and numbered 9552 on the Approval of the Protocol on Simplified Customs Line between the Government of the Republic of Türkiye and the Council of Ministers of the Kyrgyz Republic was published in the Official Gazette dated 07.03.2025 and numbered 32834.
- The Resolution of the President dated 06.04.2025 and numbered 9553 on the Approval of the Protocol between the Government of the Republic of Türkiye and the Council of Ministers of the Kyrgyz Republic on Preliminary Information Sharing on Goods and Vehicles Crossing the Borders was published in the Official Gazette dated 07.03.2025 and numbered 32834.
Resolutions of the President
- The Resolution of the President dated 14.03.2025 and numbered 9583 on the Redetermination of Special Consumption Tax Rates and Fixed Tax Amounts Applied to Certain Goods Listed in Schedule (B) of List (III) Annexed to the Special Consumption Tax Law No. 4760 entered into force through publication in the Official Gazette dated 15.03.2025 and numbered 32842.
- The Resolution of the President dated 14.03.2025 and numbered 9595 on the Amendment to the Resolution No. 32 on the Protection of the Value of Turkish Currency was published in the Official Gazette dated 15.03.2025 and numbered 32842.The articles of this Resolution enter into force on different dates.
- The Resolution of the President dated 18.03.2025 and numbered 9622 on the Amendment to List (1) Annexed to the Council of Ministers Resolution dated 30/9/2013, and numbered 2013/5428 on the Freezing of the Assets Owned by Persons, Institutions, or Organizations Listed by the United Nations Security Council Resolutions numbered 1267 (1999),1988 (2011), 1989 (2011), and 2253 (2015) was published in the Official Gazette dated 18.03.2025 and bis numbered 32845.
- The Resolution of the President dated 18.03.2025 and numbered 9626 on Supporting the Effective Use of Agricultural Lands was published in the Official Gazette dated 19.03.2025 and numbered 32846. This Resolution enters into force on the date of publication, effective as of 01.01.2025.
Legislation
- The Communiqué (Communiqué No: 2025/4) on the Amendment to the Communiqué on Livestock Supports Implementation (Communiqué No: 2024/23) entered into force through publication in the Official Gazette dated 26.02.2025 and numbered 32825.
- The Communiqué on Prevention of Unfair Competition in Imports (Communiqué No: 2025/5) entered into force through publication in the Official Gazette dated 27.02.2025 and numbered 32826.
- The Communiqué on the Amendment to the General Communiqué on Value Added Tax Application (Serial No: 54) was published in the Official Gazette dated 27.02.2025 and numbered 32826. The articles of this Communiqué enter into force on different dates.
- The Communiqué on the Amendment to the Communiqué on Surveillance in Imports (Communiqué No: 2018/6) entered into force through publication in the Official Gazette dated 28.02.2025 and numbered 32827.
- The Communiqué (No: 2025/10) on the Amendment to the Communiqué on Reserve Requirements (No:2013/15) entered into force through publication in the Official Gazette dated 01.03.2025 and numbered 32828.
- The Communiqué (Serial No: 3) on the Amendment to the Communiqué on Customs Procedures of Goods Carried by Post and Express Cargo (Serial No: 1) was published in the Official Gazette dated 01.03.2025 and numbered 32828. The articles of this Communiqué enter into force on different dates.
- The Communiqué on Prevention of Unfair Competition in Imports (Communiqué No: 2025/6) entered into force through publication in the Official Gazette dated 01.03.2025 and numbered 32828.
- The Communiqué on Safeguard Measures in Imports (Communiqué No: 2025/1) entered into force through publication in the Official Gazette dated 04.03.2025 and numbered 32831.
- The Regulation on the Amendment to the Regulation on Official Advertisements and Announcements was published in the Official Gazette dated 04.03.2025 and numbered 32831. This Regulation enters into force on 01.04.2025.
- The Regulation on the Amendment to the Natural Gas Market Certificate Regulation entered into force through publication in the Official Gazette dated 05.03.2025 and numbered 32832.
- The Regulation on the Amendment to the Regulation on Settlement Regarding Administrative Fines Applied under Law No. 6502 on Consumer Protection entered into force through publication in the Official Gazette dated 05.03.2025 and numbered 32832.
- The Regulation on the Amendment to the Regulation on Occupational Health and Safety Services to be Conducted by Employer or Employer’s Representative at Workplaces entered into force through publication in the Official Gazette dated 05.03.2025 and numbered 32832.
- The Regulation on the Amendment to the Regulation on Procedures and Principles of Occupational Health and Safety Training of Employees entered into force through publication in the Official Gazette dated 05.03.2025 and numbered 32832.
- The Communiqué (Communiqué No:2025-32/73) on the Amendment to the Communiqué on the Resolution No. 32 on the Protection of the Value of Turkish Currency (Communiqué No: 2018-32/45) entered into force through publication in the Official Gazette dated 06.03.2025 and numbered 32833.
- The Communiqué (Communiqué No:2025-32/72) on the Amendment to the Communiqué on the Resolution No. 32 on the Protection of the Value of Turkish Currency (Communiqué No: 2008-32/34) entered into force through publication in the Official Gazette dated 06.03.2025 and numbered 32833.
- The Communiqué on the Amendment to the Communiqué on Compulsory Earthquake Insurance Tariff and Instructions was published in the Official Gazette dated 07.03.2025 and numbered 32834. This Communiqué enters into force one day after the date of publication.
- The Regulation on the Amendment to the Regulation on Railway Infrastructure Access and Capacity Allocation entered into force through publication in the Official Gazette dated 07.03.2025 and numbered 32834.
- The Regulation on the Amendment to the Regulation on Authorization Related to the Postal Sector entered into force through publication in the Official Gazette dated 08.03.2025 and numbered 32835.
- The Regulation on the Amendment to the Regulation on Electronic Commerce Intermediary Service Providers and Electronic Commerce Service Providers entered into force through publication in the Official Gazette dated 08.03.2025 and numbered 32835.
- The Determination of Interest Rates to be Applied in Rediscount and Advance Transactions entered into force through publication in the Official Gazette dated 08.03.2025 and numbered 32835.
- The Regulation on the Amendment to the Planned Areas Zoning Regulation was published in the Official Gazette dated 11.03.2025 and numbered 32838. The articles of this Regulation enter into force on different dates.
- The Communiqué on the Amendment to the Communiqué on Workplace Hazard Classes Regarding Occupational Health and Safety entered into force through publication in the Official Gazette dated 13.03.2025 and numbered 32840.
- The Communiqué on Establishment and Operating Principles of Crypto Asset Service Providers (III-35/B.1) was published in the Official Gazette dated 13.03.2025 and numbered 32840. The articles of this Communiqué enter into force on different dates.
- The Communiqué on Working Procedures and Principles and Capital Adequacy of Crypto Asset Service Providers (III-35/B.2) was published in the Official Gazette dated 13.03.2025 and numbered 32840. The articles of this Communiqué enter into force on different dates.
- The Communiqué (III-62.2.B) on the Amendment to the Communiqué on Information Systems Independent Audit (III-62.2) was published in the Official Gazette dated 13.03.2025 and numbered 32840. This Communiqué enters into force on 30.06.2025.
- The Communiqué on Procedures and Principles Regarding Information Systems Management (VII-128.10) was published in the Official Gazette dated 13.03.2025 and numbered 32840. This Communiqué enters into force on 30.06.2025.
- The Regulation on Administrative Requirements for Type Approval of Intelligent Speed Assistance, Driver Drowsiness and Attention Warning System, Event Data Recorder, Alcohol Interlock Installation Facilitation, and Advanced Driver Distraction Warning System (EU/2024/1721) entered into force through publication in the Official Gazette dated 14.03.2025 and numbered 32841.
- The Regulation on the Amendment to the Regulation on Coastal Facility Operation Permit and Coastal Facility Operators entered into force through publication in the Official Gazette dated 14.03.2025 and numbered 32841.
- The Regulation on the Amendment to the Regulation on Shipyard, Boat Building, and Boat Yard entered into force through publication in the Official Gazette dated 14.03.2025 and numbered 32841.
- The Communiqué on International Arbitration Fee Tariff was published in the Official Gazette dated 14.03.2025 and numbered 32841. This Communiqué enters into force on 15.03.2025.
- The Regulation on the Amendment to the Regulation on Electronic Commerce Intermediary Service Providers and Electronic Commerce Service Providers entered into force through publication in the Official Gazette dated 15.03.2025 and numbered 32842.
- The Regulation on the Amendment to the Regulation on the Implementation of the Industrial Property Law entered into force through publication in the Official Gazette dated 15.03.2025 and numbered 32842.
- The Communiqué (Bik/Türkpatent: 2025/2) on the Amendment to the Communiqué on the Fee Tariff to be Applied by the Turkish Patent and Trademark Office in 2025(Bik/Türkpatent: 2025/1) entered into force through publication in the Official Gazette dated 15.03.2025 and numbered 32842.
- The Regulation on Advance Payment Procedures and Principles (Resolution No: 9600) entered into force through publication in the Official Gazette dated 15.03.2025 and numbered 32842.
- The Communiqué on the Amendment to the Communiqué on Monitoring of Gaseous Pollutants from Internal Combustion Engines Installed and in Use in Non-Road Mobile Machinery (2017/655/EU) (Sgm: 2021/25) (Sgm: 2025/2) entered into force through publication in the Official Gazette dated 18.03.2025 and numbered 32845.
- The Resolution on Foreign Trade Capital Companies entered into force through publication in the Official Gazette dated 19.03.2025 and numbered 32846.
- The Regulation on the Amendment to the Regulation on Procedures and Principles Regarding the Evaluation and Classification of Cinema Films entered into force through publication in the Official Gazette dated 20.03.2025 and numbered 32847.
Mergers and Acquisitions
- The Competition Board (“Board”) decided that the acquisition of a certain percentage of shares and sole control of CW Solar Cell Enerji Anonim Şirketi by Danasun Solar Singapore Pte. Ltd. from CW Enerji Müh. Tic. ve San. AŞ is not subject to authorization. (27.02.2025,25-08/190-BD)
- The Board authorized the acquisition of 100% of the capital of Lmb Medikal Ekipmanlar Sanayi ve Ticaret AŞ, Lmb Technologie GmbH, Novel Medikal Ekipmanlar Sanayi ve Ticaret AŞ, Lmb Soft Doo, and Lmb Europa Doo by Maco Pharma Group through Groupe Maco Pharma International GMPi SA. (27.02.2025, 25-08/198-101)
- The Board authorized the acquisition of control of ED&F Man Commodities Limited by Hartree Partners, LP. (27.02.2025, 25-08/197-100)
- The Board authorized the acquisition of sole control of Paxie Games Oyun ve Yazılım AŞ by DoubleU Games Co., Ltd. (27.02.2025, 25-08/196-99)
- The Board authorized the acquisition of all shares of Seri Bilgi Teknolojileri Destek Hizmetleri ve Tic. Ltd. Şti. by Destek Bilgisayar ve İletişim Hizmetleri AŞ. (27.02.2025, 25-08/195-98)
- The Board authorized the acquisition of joint control of Presify Analitik Yazılım AŞ by Inavitas Enerji AŞ and Saves Enerji AŞ. (27.02.2025, 25-08/194-97)
- The Board authorized the acquisition of sole control of Adyouneed S.A.S. by Appier Group Inc. through Appier Pte Ltd. (27.02.2025, 25-08/189-95)
- The Board authorized the acquisition of all shares of Ingage Dijital Pazarlama Hizmetleri AŞ owned by Russell Square Holding B.V. by Zer Merkezi Hizmetler ve Ticaret AŞ, which is jointly controlled by Koç Holding AŞ, Zer Merkezi Hizmetler veTicaret AŞ, Koç Family Members and İnan Kıraç with Russell Square Holding B.V. (27.02.2025, 25-08/188-94)
- The Board authorized the establishment of a joint venture through the acquisition of a certain percentage of shares of Rapoli Trend Atölyesi Tekstil Sanayi ve Dış Ticaret AŞ by PAM İç ve Dış Ticaret AŞ. (27.02.2025, 25-08/187-93)
- The Board authorized the acquisition of Berry Global Group Inc. by Amcor Plc. (27.02.2025, 25-08/186-92)
- The Board authorized the establishment of indirect joint control over Equals Group PLC and Embedeed Finance Limited by Tower brook Capital Partners LLP and J.C. Flowers & Co. LLC through Alakazam Holding Bidco Limited. (27.02.2025, 25-08/183-91)
- The Board authorized the acquisition of MHM Holding Gmbh by Mavco Investments Private Ltd. (06.03.2025, 25-09/221-111)
- The Board authorized the acquisition of sole control of Keenfinity GmbH and Bosch Security Systems LLC, the security and communication technology products business lines of Robert Bosch GmbH, by a fund managed and/or advised by Triton GP Holdco SARL. (06.03.2025, 25-09/216-110)
- The Board authorized the establishment of a full-function joint venture by Hunan Yunchu Circular New Energy Technology Co., Ltd., Toyota Motor (China) Investment Co., Ltd., Meiwa (Shanghai)Corporation, and Minmetals New Energy Materials (Hunan) Co., Ltd. (06.03.2025, 25-09/209-107)
- The Board authorized the interrelated transactions consisting of the acquisition of Pactiv Evergreen Inc. by Novolex Holdings, LLC and the subsequent establishment of joint control over Novolex Holdings, LLC by Apollo Capital Management L.P. and Canada Pension Plan Investment Board. (06.03.2025, 25-09/208-106)
- The Board authorized the acquisition of sole control of Biesterfeld Plastik Ticaret AŞ by Biesterfeld Plastic GmbH and the acquisition of sole control of Biesterfeld Özel Kimyasallar Ticaret AŞ by Biesterfeld Spezialchemie GmbH. (06.03.2025, 25-09/207-105)
- The Board authorized the establishment of a new joint venture between Officine Maccaferri S.p.A., which is under the indirect control of a fund managed by Ambienta Sgr S.p.A., and Prime Synthetic Solutions Ltd., which is jointly controlled by Teijin Limited and Miller Prime Ltd. (06.03.2025,25-09/205-104)
- The Board authorized the acquisition of all shares of Elmer Yazılım Danışmanlık ve Ticaret Limited Şirketi by Mustafa Kemal Cılız and Graham David Stevinson through Infonet Bilgi Teknolojileri Ticaret AŞ. (06.03.2025, 25-09/201-102)
- The Board authorized the acquisition of control of Tl Fluid Systems plc. by ABC Technologies Inc. (13.03.2025, 25-10/243-125)
- The Board authorized the acquisition of sole control of DP World Turkey Freight Lojistik AŞ, which is under the joint control of DP World Logistics Germany B.V. & Co. KG and M Ekspres Kargo Taşımacılığı Turizm ve Ticaret Ltd. Şti., by DP World Logistics Germany B.V. & Co. KG. (13.03.2025, 25-10/242-124)
- The Board authorized the acquisition of de fact sole control of OQ Chemicals International Holding GmbH and OIG OQ Infrastruktur GmbH, directly or indirectly by investment funds managed by Strategic Value Partners, LLC and its affiliates. (13.03.2025, 25-10/237-122)
- The Board authorized the acquisition by Peabody Energy Corporation of some of the assets and operations related to Anglo American plc’s metallurgical coal portfolio in Australia. (13.03.2025,25-10/236-121)
- The Board authorized the indirect acquisition of sole control of Getir Araç Dijital Ulaşım Çözümleri TicaretAŞ, Getir Teknolojik Hizmetler AŞ, Getiriş Danışmanlık ve Ticaret AŞ, and Getgo Teknoloji AŞ by Mubadala Investment Company PJSC. (13.03.2025, 25-10/233-118)
- The Board authorized the acquisition of sole control of Kantar Media Group, together with all its subsidiaries, by funds managed by H.I.G. Capital, LLC. (13.03.2025, 25-10/225-114)
- The Board decided that the acquisition of all shares of Ciner Yayın Holding Anonim Şirketi, of which Park Holding Anonim Şirketi is the sole shareholder, by Doğal Yaşam İnşaat ve Taahhüt Anonim Şirketi is not subject to authorization. (20.03.2025, 25-11/257-BD)
- The Board authorized the acquisition of joint control of BHL Turkey Teknoloji AŞ by Alma Ventures S.A. and Ömer Paksoy. (20.03.2025, 25-11/265-135)
- The Board authorized the acquisition by Louis Dreyfus Company Suisse S.A., through Louis Dreyfus Company Ingredients GmbH (SPV), of (i) all shares of Grunau Illertissen GmbH, (ii) certain assets of BASF Personal Care & Nutrition GmbH, (iii) certain intellectual property rights and trademarks owned by Cognis IP Management GmbH, BASF SE, and other BASF companies, (iv)certain assets of various global BASF companies, primarily inventory, contracts, and employees, belonging to BASF SE’s business units mainly related to food performance ingredients, health ingredients, protein hydrolysates, and conjugated linoleic acid for animal nutrition. (20.03.2025, 25-11/263-134)
- The Board authorized the acquisition of sole control of 7M Valf Sanayi ve Mühendislik Anonim Şirketi by Aptar İstanbul Ambalaj Üretim Ticaret ve Sanayi Anonim Şirketi. (20.03.2025, 11/256-133)
- The Board authorized the establishment of joint control over Galaxy UK Topco Limited by Tracer Lux Holdco S.à.r.l and Hg Pooled Management Limited through Tracer Topco Ltd. (20.03.2025, 25-11/255-132)
- The Board authorized the acquisition of sole control of Odea Bank AŞ by Abu Dhabi Developmental Holding Company P.J.S.C. ultimately through ADQ Financial Services LLC. (20.03.2025, 25-11/251-130)
- The Board authorized the acquisition of sole control of Aposto Teknoloji ve Medya Anonim Şirketi by Paribu Holding Anonim Şirketi. (20.03.2025, 25-11/248-127)
Energy
- The decisions of the Energy Market Regulatory Authority (“EMRA”) dated 20.02.2025 and numbered 13311, 13312, 13313, 13317 and 13318 were published in the Official Gazette dated 22.02.2025 and numbered 32821.
- The decisions of EMRA dated 27.02.2025 and numbered 13328, 13329, 13330 and 13331 were published in the Official Gazette dated 28.02.2025 and numbered 32827.
- The decisions of EMRA dated 06.03.2025 and numbered 13349, 13350, 13351, 13352 and 13354 were published in the Official Gazette dated 11.03.2025 and numbered 32838.
- The decision of EMRA dated 13.03.2025 and numbered 13372 was published in the Official Gazette dated 15.03.2025 and numbered 32842.
- The decisions of EMRA dated 13.03.2025 and numbered 13364-1, 13364-2 and 13364-3 were published in the Official Gazette dated 18.03.2025 and numbered 32845.
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The Resolution of the President dated 19.10.2022 and numbered 6238 on the Approval of the Memorandum of Understanding Between the Government of the Republic of Turkiye and the Government of the Federal Republic of Nigeria on Cooperation in the Field of Energy was published in the Official Gazette...
The Resolution of the President dated 26.09.2022 and numbered 6090 on the Approval of the Annexed Amendment Protocol signed by the Exchange of Letters dated 12.08.2022 and 31.08.2022 between the Government of the Republic of Turkey and the European Commission on the Amendment to...
The Resolution of the President dated 15.09.2022 and numbered 6080 on the Approval of the Memorandum of Understanding About Implementation of the Multilateral Tax Program Between the Government of the Republic of Turkey and the Organization for Economic Cooperation and Development at...
Since social media has turned into a modern mass communication tool, the concepts of advertising and marketing have been brought to a new dimension. Influencers, who promote various products and services by "influencing" their audience through social media, are driving the next generation of...
The Resolution of the President dated 20.07.2022 and numbered 5801 on the Determination of the Default Interest Rate under the First Paragraph of Article 51 of the Law numbered 6183 on the Collection Procedure of Public Receivables as 2.5% to be Applied Separately for Each Month, was published...
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...
The Resolution of the President dated 23.05.2022 and numbered 5596 on the Ratification of the Economic and Financial Cooperation Agreement between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated...
The Resolution of the President dated 23.04.2022 and numbered 5520 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the Republic of Cote D’Ivoire Concerning the Reciprocal Promotion and Protection of Investments...
In a decision dated 29.09.2021 with application number 2018/357 (“Decision”), the Constitutional Court decided by a large majority that the applicant's right to property was violated due to the fact that the immovables expropriated for the purpose of mass housing construction...
Pursuant to Art. 101 of the Turkish Civil Code (“CC”) No. 4721, foundations are an ensemble of assets that have legal personality, which comprises of sufficient assets and rights that are allocated by real and legal persons for a determined and perpetual objective. Foundations are legal persons that have “ideal...