Recent Keynotes of May 2025
International Agreements
- The Resolution of the President dated 22.04.2025 and numbered 9755 on the Approval of the Agreement on Trade and Economic Cooperation Between the Government of the Republic of Türkiye and the Government of the Republic of Maldives was published in the Official Gazette dated 23.04.2025 and numbered 32879.
- The Resolution of the President dated 02.05.2025 and numbered 9790 on the Approval of the 2025 Agreement on Economic and Financial Cooperation Between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated 03.05.2025 and numbered 32889.
- The Grant Agreement Signed Between the Republic of Türkiye and the Council of Europe Development Bank Regarding the Strengthening of Earthquake Preparedness in Istanbul was published in the Official Gazette dated 08.05.2025 and numbered 32894.
- The Grant Agreement Signed Between the Republic of Türkiye and the Council of Europe Development Bank Regarding the Economic Impact Assessment of the ISMEP Project was published in the Official Gazette dated 08.05.2025 and numbered 32894.
- The Resolution of the President dated 16.05.2025 and numbered 9821 on the Approval of the Agreement on Tourism Cooperation between the Government of the Republic of Türkiye and the Government of the Republic of Azerbaijan was published in the Official Gazette dated 17.05.2025 and numbered 32903.
- The Resolution of the President dated 16.05.2025 and numbered 9822 on the Approval of the Agreement on Cooperation in the Field of Water between the Government of the Republic of Türkiye and the Government of the Republic of Azerbaijan was published in the Official Gazette dated 17.05.2025 and numbered 32903.
- The Resolution of the President dated 16.05.2025 and numbered 9824 on the Approval of the Memorandum of Understanding on the Sustainable Management of Forests and Protected Areas between the Government of the Republic of Türkiye and the Council of Ministers of the Republic of Albania was published in the Official Gazette dated 17.05.2025 and numbered 32903.
- The Resolution of the President dated 16.05.2025 and numbered 9826 on the Approval of the Memorandum of Understanding on Cooperation in the Field of Public Works between the Government of the Republic of Türkiye and the Government of the People’s Democratic Republic of Algeria was published in the Official Gazette dated 17.05.2025 and numbered 32903.
- The Resolution of the President dated 16.05.2025 and numbered 9827 on the Approval of the Agreement on Cooperation in the Fields of Health and Medical Sciences between the Government of the Republic of Türkiye and the Government of the Republic of Indonesia was published in the Official Gazette dated 17.05.2025 and numbered 32903.
- The Resolution of the President dated 16.05.2025 and numbered 9828 on the Approval of the Agreement in the Fields of Health and Medical Sciences between the Government of the Republic of Türkiye and the Government of Mongolia was published in the Official Gazette dated 17.05.2025 and numbered 32903.
- The Resolution of the President dated 16.05.2025 and numbered 9829 on the Approval of the Memorandum of Understanding in the Field of Energy between the Government of the Republic of Türkiye and the Government of the Democratic Republic of Sao Tome and Principe was published in the Official Gazette dated 17.05.2025 and numbered 32903.
- The Resolution of the President dated 16.05.2025 and numbered 9830 on the Approval of the Air Transport Agreement between the Government of the Republic of Türkiye and the Government of the Republic of Namibia was published in the Official Gazette dated 17.05.2025 and numbered 32903
- The Resolution of the President dated 16.05.2025 and numbered 9831 on the Approval of the Protocol of the Türkiye-Estonia Joint Commission Meeting on Road Transport was published in the Official Gazette dated 17.05.2025 and numbered 32903.
Resolutions of the President
- The Resolution of the President dated 22.04.2025 and numbered 9756 on the Determination of the Effective Date of the Convention Between the Government of the Republic of Türkiye and the Government of the Republic of Korea for the Avoidance of Double Taxation on Income and the Prevention of Tax Evasion and the Protocol Annexed Thereto as 21.07.2024 was published in the Official Gazette dated 23.04.2025, and numbered 32879.
- The Resolution of the President dated 30.04.2025 and numbered 9769 regarding the withholding tax rates set forth in Provisional Article 67 of the Income Tax Law No. 193 entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Resolution of the President dated 30.04.2025 and numbered 9770 regarding the Extension of the Period Specified in the First Paragraph of Provisional Article 37 of the Value Added Tax Law No. 3065 until 31.12.2028, entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Resolution of the President dated 30.04.2025 and numbered 9771 on the Amendment of the Resolution on the Application of Additional Customs Duty on Imports was published in the Official Gazette dated 01.05.2025 and numbered 32887. The provisions of this Resolution enter into force on different dates.
- The Resolution of the President dated 30.04.2025 and numbered 9772 on the Application of Tariff Quotas on Corn Imports was published in the Official Gazette dated 01.05.2025 and numbered 32887. This Resolution entered into force on 02.05.2025.
- The Resolution of the President dated 30.04.2025 and numbered 9774 on the Amendment of the Resolution on the Determination of Companies Subject to Independent Audit entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Resolution of the President dated 30.04.2025 and numbered 9775, regarding the amendment of the Tariff Schedule (I) attached to the Law on the Revolving Fund Enterprise of the General Directorate of Land Registry and Cadastre No. 6083, entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Resolution of the President dated 05.05.2025 and numbered 9794 on the Amendment to the Import Regime Decision entered into force through publication in the Official Gazette dated 06.05.2025 and numbered 32892.
- The Resolution of the President dated 15.05.2025 and numbered 9817 on the Implementation of a Safeguard Measure on the Import of Flat Glass Originating in the Islamic Republic of Iran entered into force through publication in the Official Gazette dated 16.05.2025 and numbered 32902.
- The Resolution of the President dated 15.05.2025 and numbered 9819 on the Repeal of the Regulation on the Carriage of Dangerous Goods by Commercial Vessels was published in the Official Gazette dated 16.05.2025 and numbered 32902.
- The Resolution of the President dated 16.05.2025 and numbered 9832 on the Determination of the Dates of Entry into Force of Certain Agreements was published in the Official Gazette dated 17.052025 and numbered 32903.
Legislation
- The Regulation Amending the Regulation on the Procedures for Sales to Be Conducted Electronically in Accordance with the Enforcement and Bankruptcy Law entered into force through publication in the Official Gazette dated 24.04.2025 and numbered 32880.
- The Regulation Amending the National Calculation Method for Energy Performance in Buildings (Regulation No. MHG/2017-26) was published in the Official Gazette dated 25.04.2025 and numbered 32881. This Regulation enters into force on 30.06.2025.
- The Regulation on International Health Tourism and Tourist Health entered into force through publication in the Official Gazette dated 26.04.2025 and numbered 32882.
- The Social Security Institution's Regulation Amending the Health Implementation Regulation was published in the Official Gazette dated 26.04.2025 and numbered 32882. The provisions of this Regulation enter into force on different dates.
- The Health Services Pricing Commission Decision was published in the Official Gazette dated 26.04.2025 and numbered 32882. The provisions of this Communiqué enter into force on different dates.
- The Regulation on Flightworthiness and Environmental Certification of Aircraft and Related Products, Parts, and Devices (SHY-21) entered into force through publication in the Official Gazette dated 28.04.2025 and numbered 32884.
- Communication on Import Protection Measures (No: 2025/2) entered into force through publication in the Official Gazette dated 28.04.2025 and numbered 32884.
- The Regulation Amending the Regulation on the Establishment, Activities, Operations, and Supervision of the Central Registry Agency entered into force through publication in the Official Gazette dated 29.04.2025, and numbered 32885.
- The Communiqué on the Research and Development Support Program (No: 2025/10) was published in the Official Gazette dated 29.04.2025 and numbered 32885. This Communiqué enters into force on the date of its publication, effective as of 01.01.2025.
- The Communiqué (II-13.1.d) Amending the Communiqué (II-13.1) on the Procedures and Principles Regarding the Record-Keeping of Dematerialized Capital Market Instruments entered into force through publication in the Official Gazette dated 29.04.2025 and numbered 32885.
- The Regulation on the Amendment to the Regulation on the Inspection of Measurement Systems for Liquids Other Than Water and Certain Measurement and Weighing Instruments entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Regulation on the Amendment to the Regulation on the Inspection and Stamping of Tachograph Devices entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Regulation on the Amendment to the Regulation on Tachograph Device Service Operations entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Regulation on the Amendment to the Regulation on the Inspection of Taximeters entered into force through publication in the Official Gazette dated 01.05.2025 and numbered 32887.
- The Communiqué on the Implementation of Tariff Quotas for Corn Imports was published in the Official Gazette dated 01.05.2025 and numbered 32887. This Communiqué entered into force on02.05.2025.
- The Regulation on the Amendment to the Expert Witnesses Regulation entered into force through publication in the Official Gazette dated 03.05.2025 and numbered 32889.
- The Regulation on the Amendment to the Pasture Regulation entered into force through publication in the Official Gazette dated 03.05.2025 and numbered 32889.
- The Regulation Amending the Regulation on the Procedures and Principles Regarding the Monitoring by the Central Bank of the Republic of Türkiye of Transactions Affecting Foreign Exchange Positions entered into force through publication in the Official Gazette dated 03.05.2025 and numbered 32889.
- The Communiqué (No: 2025/11) Amending the Communiqué (No: 2023/5) on Supporting the Conversion of Companies’ Foreign Exchange Held Abroad into Turkish Lira entered into force through publication in the Official Gazette dated 03.05.2025 and numbered 32889.
- The Communiqué (No: 2025/12) Amending the Communiqué (No: 2013/15) on Required Reserves was published in the Official Gazette dated 03.05.2025 and numbered 32889. This Communiqué enters into force on the date of its publication, effective as of 25.04.2025.
- The Tender and Procurement Regulation of the Petroleum Pipeline Corporation entered into force through publication in the Official Gazette dated 05.05.2025 and numbered 32891.
- The Regulation on the Amendment to the Export Regulation entered into force through publication in the Official Gazette dated 06.05.2025 and numbered 32892.
- The Regulation on the Amending the Regulation on Official Controls on Food and Feed entered into force through publication in the Official Gazette dated 08.05.2025 and numbered 32894.
- The Regulation on the Amending the Regulation on Shopping Malls entered into force through publication in the Official Gazette dated 08.05.2025 and numbered 32894.
- The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Identification, Registration and Approval of Protected Areas entered into force through publication in the Official Gazette dated 10.05.2025 and numbered 32896.
- The Regulation on the Amendment to the Regulation on Granting Permission to Public Institutions and Organizations to Obtain External Financing Without Treasury Guarantee Except for Grants, and on the Monitoring of the Obtained External Financing entered into force through publication in the Official Gazette dated 10.05.2025 and numbered 32896.
- The Regulation on the Measurement and Evaluation of Interest Rate Risk Arising from Banking Book Positions Using the Standardized Approach was published in the Official Gazette dated 12.05.2025 and numbered 32898. This Regulation enters into force on 01.10.2025.
- The Regulation on the Amendment to the Regulation on the Acceptance of Electricity Generation and Electricity Storage Facilities entered into force through publication in the Official Gazette dated 13.05.2025 and numbered 32899.
- The Regulation Amending the Regulation on the Procedures and Principles to be Followed in Tax Inspections entered into force through publication in the Official Gazette dated 13.05.2025 and numbered 32899.
- The Regulation Amending the Highway Transport Regulation was published in the Official Gazette dated 15.05.2025 and numbered 32901. This Regulation enters into force on different dates.
- The Regulation Amending the Electricity Market Ancillary Services Regulation entered into force through publication in the Official Gazette dated 15.05.2025 and numbered 32901.
- The Regulation on the Amendment to the Regulation on the Revolving Fund Administration of the Turkish Statistical Institute entered into force through publication in the Official Gazette dated 15.05.2025 and numbered 32901.
- The Communiqué on Safeguard Measures in Imports (No: 2025/3) entered into force through publication in the Official Gazette dated 16.05.2025 and numbered 32902.
Mergers and Acquisitions
- The Competition Board (“Board”) authorized the acquisition by Sercomm Corporation of the contractual obligations, certain assets, and documentation related to the Wi-Fi (wireless) extender hardware business sold to a specific customer of Airties Kablosuz İletişim Sanayi ve Dış Ticaret A.Ş. and Airties Group US, Inc., each under the control of Airties SAS. (24.04.2025, 25-16/360-173)
- The Board authorized the acquisition of the sole control of Android Industries LLC and Avancez LLC by Detroit Manufacturing Systems LLC through Voltava LLC. (24.04.2025, 25-16/361-174)
- The Board authorized the acquisition of all shares and the sole control of Helvacızade Gıda İlaç Kimya Sanayi ve Ticaret AŞ and its subsidiaries, Zade Lojistik Gıda İlaç Kimya Sanayi ve Ticaret A.Ş. and Zade Vital İlaç Kimya Gıda Sanayi ve Ticaret A.Ş., by Doğal Cevher Maden İşletmeleri A.Ş. (24.04.2025, 25-16/379-177)
- The Board authorized the acquisition of the issued capital and voting rights of Sterimed International SAS by IK Investment Partners AIFM, Sagard SAS, and Thibaut Hyvernat. (24.04.2025, 25-16/380-178)
- The Board authorized the acquisition of the sole control of Sofisport SA by FN Browning Group. (24.04.2025, 25-16/385-180)
- The Board authorized the acquisition of the sole control and voting rights of TANN Holding GmbH by Evergreen Papier Holding GmbH. (24.04.2025, 25-16/387-181)
- The Board decided that the acquisition of the sole control of Of Çaysan Tarım Ürünleri Entegre Tesisleri Sanayi ve Ticaret A.Ş., which is under the ultimate control of JDE Peet’s N.V. through Jacobs Douwe Egberts TR Gıda Ticaret Sanayi A.Ş., by YMN İçecek Gıda A.Ş., which is under the ultimate control of Efor Holding A.Ş., is not subject to authorization. (30.04.2025, 25-17/410-BD)
- The Board authorized the acquisition of the sole control of Verisurf Software, Inc. by Sandvik AB through Sandvik, Inc. (30.04.2025, 25-17/394-183)
- The Board authorized the acquisition of the sole control of Namirial Holding S.p.A. and its subsidiaries by Bain Capital Investors, LLC through Ink (BC) Topco S.r.l. (30.04.2025, 25-17/395-184)
- The Board authorized the acquisition of the ultimate control of SC Otomasyon Makine Sanayi ve Ticaret Anonim Şirketi, currently under the sole control of İsahan KÖKER, by Troma Maschinenbau Beteiligungs-Gesellschaft Mit Beschränkter Haftung, which is controlled by Troester GmbH & Co. KG. (30.04.2025, 25-17/400-185)
- The Board authorized the establishment of a joint venture, in which TK Elevator Topco GmbH, jointly controlled by AIC Parent Inc. and Cinven VII GPCo, and Alat Technologies Company, under the sole control of The Public Investment Fund, will hold certain shareholdings. (30.04.2025, 25-17/401-186)
- The Board decided that the acquisition of all shares and the sole control of Aydost Enerji Üretim A.Ş. by Alfa Solar Enerji San. ve Tic. A.Ş., which is indirectly controlled by the Karabaş Family, is not subject to authorization. (09.05.2025, 25-18/413-BD)
- The Board authorized the acquisition of RHG Enertürk Enerji Üretim ve Ticaret A.Ş. through privatization. (09.05.2025, 25-18/445-208)
- The Board authorized the acquisition of all shares and the sole control of Elleair International Turkey Kişisel Bakım Ürünleri Üretim A.Ş., owned by Daio Paper Corporation, by Evyap Holding A.Ş. through Evyap Hijyenik Ürünler Sanayi ve Ticaret A.Ş. and Evyap Sabun Yağ Gliserin San. ve Tic. AŞ. (09.05.2025, 25-18/444-207)
- The Board authorized the establishment of a full-function joint venture by BAE Systems (Holdings) Limited, Japan Aircraft Industrial Enhancement Co. Ltd., and Leonardo S.p.A. (09.05.2025, 25-18/442-206)
- The Board authorized the acquisition of certain shares in Metser Demir Çelik Çimento Sanayi ve Ticaret A.Ş. by Almamet GmbH. (09.05.2025, 25-18/441-205)
- The Board authorized the acquisition of the shares of Salentijn Properties 1 B.V. in Adoçim Çimento Beton Sanayi ve Ticaret Anonim Şirketi by Muğla Çimento Sanayi ve Ticaret Anonim Şirketi and Yurt Çimento Sanayi ve Ticaret Anonim Şirketi, and the establishment of joint control over Adoçim Çimento Beton Sanayi ve Ticaret Anonim Şirketi. (09.05.2025, 25-18/440-204)
- The Board authorized the acquisition of certain shares in SelJel Jelatin Ürünleri Sanayi ve Ticaret Anonim Şirketi by GELITA Internationale Gesellschaft Gelatine mbH. (09.05.2025, 25-18/437-203)
- The Board authorized the acquisition of the sole control of MultiChoice Group Limited by Bolloré SE through Groupe Canal+ SAS. (09.05.2025, 25-18/426-201)
- The Board authorized the establishment of sole control over Mega Fortuna Teknoloji ve Yazılım A.Ş. by Aonic AB. (09.05.2025, 25-18/425-200)
- The Board decided that the acquisition of all shares of Doğuş D Expert Ekspertiz ve Danışmanlık Hizmetleri AŞ, owned by TDB Kalibrasyon Hizmetleri AŞ, by Tüvturk Kuzey Taşıt Muayene İstasyonları Yapım ve İşletim A.Ş. is not subject to authorization. (15.05.2025, 25-19/454-BD)
- The Board authorized the acquisition of the sole control of MKB Oluklu Mukavva Kutu ve Ambalaj San. Tic. A.Ş. by Elif Ambalaj Sanayi ve Ticaret AŞ. (15.05.2025, 25-19/464-220)
- The Board authorized the acquisition of all shares of Avrasya Taahhüt Lojistik AŞ by Zeren Group Yatırım Holding AŞ. (15.05.2025, 25-19/461-219)
- The Board authorized the establishment of a new joint venture named C-D Compression Technologies LLC by Daikin Holdings America Inc., under Daikin Industries, Ltd., and Copeland LP, under Blackstone Inc. (15.05.2025, 25-19/460-218)
- The Board authorized the acquisition of Muradiye Elektrik Üretim A.Ş. through privatization. (15.05.2025, 25-19/459-217)
- The Board authorized the acquisition of the sole control of TYG Turkey Elektronik Ticaret Hizmetleri ve Yatırımları A.Ş. and its subsidiaries through share transfer by Uber International Holding B.V., which is ultimately controlled by Uber Technologies, Inc. (15.05.2025, 25-19/451-213)
- The Board authorized the acquisition of minority shares granting joint control in 407 International Inc., which is currently under the joint control of Canada Pension Plan Investment Board, Cintra 4352238 Investments Inc., and AtkinsRéalis Highway Holding Inc. by Public Sector Pension Investment Board. (15.05.2025, 25-19/449-212)
- The Board authorized the acquisition of the sole control of Radici Partecipazioni S.p.A. by LSF12 Rigel Investments S.p.A., an indirect subsidiary of Lone Star Fund XII, L.P. (15.05.2025, 25-19/446-209)
Energy
- The decisions of the Energy Market Regulatory Authority (“EMRA”) dated 24.04.2025 and numbered 13469, 13471, 13472, 13473, and 13474 were published in the Official Gazette dated 27.04.2025 and numbered 32883.
- The decision of the EMRA dated 30.04.2025 and numbered 13487 entered into force through publication in the Official Gazette dated 03.05.2025 and numbered 32889.
- The decision of the EMRA dated 30.04.2025 and numbered 13488 entered into force through publication in the Official Gazette dated 03.05.2025 and numbered 32889.
- The decision of the EMRA dated 08.05.2025 and numbered 13500 entered into force through publication in the Official Gazette dated 09.05.2025 and numbered 32896.
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Other Contents
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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...