Recent Keynotes of May 2022

May 2022 İlbey Kolaylı
% 0

International Agreements

  • 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 was published in the Official Gazette dated 24.04.2022 and numbered 31819.
  • The Resolution of the President dated 23.04.2022 and numbered 5525 on the Approval of the Agreement Between the Government of the Republic of Turkey and the Government of the Republic of Rwanda Concerning the Reciprocal Promotion and Protection of Investment was published in the Official Gazette dated 24.04.2022 and numbered 31819.

Resolutions of the President

  • The Resolution of the President dated 19.04.2022 and numbered 5444 on the Amendment of the Resolution Concerning the Implementation of Additional Customs Duty on Imports entered into force through publication in the Official Gazette dated 20.04.2022 and numbered 31815.
  • The Resolution of the President dated 20.04.2022 and numbered 5478 on the Amendment of the Resolution Concerning Granting Project-Based State Aid to Investments was published in the Official Gazette dated 21.04.2022 and numbered 31816. The provisions of this Resolution enter into force on different dates.
  • The Resolution of the President dated 12.05.2022 and numbered 5548 on the Amendment of the Resolution on State Aids in Investments entered into force through publication in the Official Gazette dated 13.05.2022 and numbered 31834.

Legislation

  • The Communiqué (Serial No: 41) on the Amendment to the Value Added Tax General Implementation Communiqué was published in the Official Gazette dated 21.04.2022 and numbered 31816. The provisions of this Communiqué enter into force on different dates.
  • The Regulation on the Amendment to the Regulation on Insurance Arbitration entered into force through publication in the Official Gazette dated 22.04.2022 and numbered 31817.
  • The Communiqué (No: 2022/17) on the Amendment to the Communiqué on Required Reserves (No: 2013/15) was published in the Official Gazette dated 23.04.2022 and numbered 31818. The provisions of this Communiqué enter into force on different dates.
  • Law on Sports Clubs and Sports Federations No. 7405 entered into force through publication in the Official Gazette dated 26.04.2022 and numbered 31821.
  • The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Provision of External Financing within the Scope of the Law No. 4749 entered into force through publication in the Official Gazette dated 28.04.2022 and numbered 31823.
  • The Regulation on the Amendment to the Insurance Arbitration Commission Expert Witness Regulation entered into force through publication in the Official Gazette dated 29.04.2022 and numbered 31824.
  • The Communiqué (No: 2022/18) on the Amendment to the Communiqué on Required Reserves (No: 2013/15) entered into force through publication in the Official Gazette dated 11.05.2022 and numbered 31832.
  • The Regulation on the Amendment to the Regulation on the Implementation of the Turkish Citizenship Law was published in the Official Gazette dated 13.05.2022 and numbered 31834. The provisions of this Regulation enter into force on different dates.
  • The Communiqué on Prevention of Unfair Competition in Imports (No: 2022/13) entered into force through publication in the Official Gazette dated 13.05.2022 and numbered 31834.
  • The Communiqué on Prevention of Unfair Competition in Imports (No: 2022/14) entered into force through publication in the Official Gazette dated 13.05.2022 and numbered 31834.
  • The Communiqué (Serial No: 20) on the Amendment to the General Communiqué on Corporate Tax (Serial No: 1) entered into force through publication in the Official Gazette dated 14.05.2022 and numbered 31835.
  • The General Communiqué on Tax Procedural Law (Sequence No: 537) entered into force through publication in the Official Gazette dated 14.05.2022 and numbered 31835.

Mergers and Acquisitions

  • The Competition Board (“Board”) authorized the acquisition of sole control of Karel Elektronik Sanayi ve Ticaret Anonim Şirketi and Daiichi Elektronik Sanayi ve Ticaret Anonim Şirketi by Öncü Girişim Sermayesi Yatırım Ortaklığı Anonim Şirketi (21.04.2022, 22-18/298-132)
  • The Board authorized the acquisition of the joint control of Sigma Luxco 2 S.à r.l and King TopCo Limited ultimately by Montagu Private Equity LLP and Hg Capital LLP.(21.04.2022, 22-18/298-132)
  • The Board authorized the acquisition of joint control of Jorf Fertilizer Company III, S.A. by Koch Industries, Inc. through OCP S.A. and KAES Phosphate Holdings, LLC. (21.04.2022, 22-18/297-131)
  • The Board decided that the acquisition of sole control of the voting rights of Luminator Group LLC indirectly through Blackstone Alternative Credit Advisors LP, wholly owned and controlled by Blackstone Inc. and its subsidiaries and funds managed or advised by Blackstone or its subsidiaries, is not subject to authorization. (28.04.2022, 22-20/340-BD)
  • The Board authorized the acquisition of sole control over Tenneco Inc. by Pegasus Holdings III, LLC, a company controlled by affiliates of Apollo Management L.P. (28.04.2022, 22-20/339-148)
  • The Board authorized the acquisition of the shares of Mapa İnşaat ve Ticaret A.Ş. and Limak İnşaat Sanayi ve Ticaret A.Ş. in İGA Havalimanı İşletmesi A.Ş., IST Bilişim Teknolojileri A.Ş., TAYA Liman İşletmesi A.Ş., TAYA Gayrimenkul Yatırım İşletmeleri A.Ş. and İGA Güvenlik Hizmetleri A.Ş. by Cengiz İnşaat Sanayi ve Ticaret A.Ş. and Kalyon Havacılık ve İnşaat A.Ş. and, the acquisition of the shares of Murathan Doruk GÜNAL and Turhan Serdar BACAKSIZ in TAYA Yolcu Hizmetleri A.Ş. and TAYA Petrol Yatırımları A.Ş. by Mehmet KALYONCU and Cengiztur Turizm A.Ş. The Board decided that the acquisition of the shares of Mapa İnşaat ve Ticaret A.Ş. and Limak İnşaat Sanayi ve Ticaret A.Ş. in the İGA Havalimanları İnşaatı Adi Ortaklığı Ticaret İşletmesi by Cengiz İnşaat Sanayi ve Ticaret A.Ş. and Kalyon Havacılık ve İnşaat A.Ş. is not within the scope. (28.04.2022, 22-20/338-146; 22-20/338-147; 22-20/338-BD)
  • The Board authorized the acquisition of all shares of Dubai Starr Sigorta A.Ş., controlled by Oman Insurance Company, by VHV Reasürans A.Ş. (28.04.2022, 22-20/337-145)
  • The Board authorized the acquisition of the joint control of the plastic film business line of the B.C. Jindal (Jindal) family by Jindal Poly Films Limited which is a Jindal group company, and Project Holdings Fourteen Limited which is considered to be indirectly controlled by Brookfield Asset Management Inc. (28.04.2022, 22-20/324-114)
  • The Board authorized the acquisition of the joint control of Refresco Deutschland Holding GmbH by KKR & Co. Inc. indirectly through Pegasus BidCo B.V. by KKR & Co. Inc. (28.04.2022, 22-20/323-143)
  • The Board authorized the establishment of a new joint venture by Daimler Truck AG, Traton SE (through its subsidiary Traton International S.A.) and Aktiebolaget Volvo (through its subsidiary Volvo Energy AB) which will operate to establish and develop a high-performance charging network for battery-electric heavy-duty trucks and buses. (28.04.2022, 22-20/320-142)
  • The Board authorized the acquisition of sole control of Royal Boskalis Westminster N.V. by Hal Investments B.V. (28.04.2022, 22-20/319-141)
  • The Board authorized the acquisition of the joint control of Prima Assicurazioni S.p.A. indirectly by The Carlyle Group Inc. (28.04.2022, 22-20/315-139)
  • The Board authorized the indirect acquisition of the sole control of Nynas AB indirectly by Davidson Kempner Capital Management LP (28.04.2022, 22-20/314-138)
  • The Board authorized the establishment of the joint venture NewCo by Phillips 66 and H2 Energy Europe AG (28.04.2022, 22-20/313-137)
  • The Board authorized the acquisition of the sole control of Gavilon Agriculture Investment, Inc. by Viterra Limited (28.04.2022, 22-20/311-136)
  • The Board decided that the acquisition of the joint control of YDA Havalimanı Yatırım ve İşletme A.Ş. by Ferrovial, S.A. through Ferrovial Airports International SE is not subject to authorization (12.05.2022, 22-21/358-BD)
  • The Board authorized the acquisition of the indirect joint control of Impala Bidco S. à r.l. by Hg Capital LLP, EQT Fund Management S.à.r.l. and TA Associates Management LP. (12.05.2022, 22-21/354-152)
  • The Board authorized the acquisition of the joint control of Citrix Systems, Inc. and TIBCO Software, Inc. indirectly by Elliott Investment Management L.P. and Vista Equity Partners Management, LLC. (12.05.2022, 22-21/344-149)

Energy

  • The Decision of the Energy Market Regulatory Authority (“EMRA”) dated 21.04.2022 and numbered 10940 was published in the Official Gazette dated 22.04.2022 and numbered 31817.
  • The Decision of EMRA dated 28.04.2022 and numbered 10952 entered into force through publication in the Official Gazette dated 29.04.2022 and numbered 31824.
  • The Decisions of EMRA dated 28.04.2022 and numbered 10950, 10957 and 10961 entered into force through publication in the Official Gazette dated 30.04.2022 and numbered 31825.
  • The Decisions of EMRA dated 12.05.2022 and numbered 10971, 10973 were published in the Official Gazette dated 13.05.2022 and numbered 31834.
  • The Decision of EMRA dated 18.05.2022 and numbered 10978 entered into force through publication in the Official Gazette dated 19.05.2022 and numbered 31840.

All rights of this article are reserved. This article may not be used, reproduced, copied, published, distributed, or otherwise disseminated without quotation or Erdem & Erdem Law Firm's written consent. Any content created without citing the resource or Erdem & Erdem Law Firm’s written consent is regularly tracked, and legal action will be taken in case of violation.

Other Contents

Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of February 2022
Other February 2022
Newsletter Articles
Recent Keynotes of January 2022
Other January 2022
Newsletter Articles
Recent Keynotes of December 2021
Other December 2021
Newsletter Articles
Recent Keynotes of November 2021
Other November 2021
Newsletter Articles
Recent Keynotes of October 2021
Other October 2021
Newsletter Articles
Recent Keynotes of September 2021
Other September 2021
Newsletter Articles
Recent Keynotes of August 2021
Other August 2021
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of February 2021
Other February 2021
Newsletter Articles
Recent Keynotes of January 2021
Other January 2021
Newsletter Articles
Recent Keynotes of December 2020
Other December 2020
Newsletter Articles
Recent Keynotes of November 2020
Other November 2020
Newsletter Articles
Recent Keynotes of October 2020
Other October 2020
Newsletter Articles
Recent Keynotes of September 2020
Other September 2020
Newsletter Articles
Recent Keynotes of August 2020
Other August 2020
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of February 2020
Other February 2020
Newsletter Articles
Recent Keynotes of January 2020
Other January 2020
Newsletter Articles
Recent Keynotes of December 2019
Other December 2019
Newsletter Articles
Recent Keynotes of November 2019
Other November 2019
Newsletter Articles
Recent Keynotes of October 2019
Other October 2019
Newsletter Articles
Recent Keynotes of September 2019
Other September 2019
Newsletter Articles
Recent Keynotes of August 2019
Other August 2019
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of February 2019
Other February 2019
Newsletter Articles
Recent Keynotes of January 2019
Other January 2019
Newsletter Articles
Recent Keynotes of December 2018
Other December 2018
Newsletter Articles
Recent Keynotes of November 2018
Other November 2018
Newsletter Articles
Recent Keynotes of October 2018
Other October 2018
Newsletter Articles
Recent Keynotes of September 2018
Other September 2018
Newsletter Articles
Recent Keynotes of August 2018
Other August 2018
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of February 2018
Other February 2018
Newsletter Articles
Recent Keynotes of January 2018
Other January 2018
Newsletter Articles
Recent Keynotes of December 2017
Other December 2017
Newsletter Articles
Recent Keynotes of November 2017
Other November 2017
Newsletter Articles
Recent Keynotes of October 2017
Other October 2017
Newsletter Articles
Recent Keynotes of September 2017
Other September 2017
Newsletter Articles
Recent Keynotes of August 2017
Other August 2017
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Newsletter Articles
Recent Keynotes of February 2017
Other February 2017
Newsletter Articles
Recent Keynotes of January 2017
Other January 2017
Newsletter Articles
Recent Keynotes of December 2016
Other December 2016
Newsletter Articles
Recent Keynotes of November 2016
Other November 2016
Newsletter Articles
Recent Keynotes of October 2016
Other October 2016
Newsletter Articles
Recent Keynotes of September 2016
Other September 2016
Newsletter Articles
Recent Keynotes August 2016
Other August 2016
Newsletter Articles
Recent Keynotes July 2016
Other July 2016
Newsletter Articles
Recent Keynotes June 2016
Other June 2016

For creative legal solutions, please contact us.