Recent Keynotes of November 2019

November 2019
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International Agreements

  • The Resolution of the President dated 25.10.2019 and numbered 1729 on Approval of 2017 Amendments to the Annexes to the European Agreement concerning the International Carriage of Dangerous Goods by Road Prepared by the United Nations Economic Commission for Europe was published in the Official Gazette dated 25.10.2019 and numbered 30929 (bis).

Resolutions of the President

  • The Resolution of the President dated 12.11.2019 and numbered 1807 on Amendment to the Principals on the Employment of the Contract Employee was published in the Official Gazette dated 13.11.2019 and numbered 30947.

Legislation

  • The Communiqué on Safeguarding Measures in Imports (No: 2019/2) entered into force through publication in the Official Gazette dated 22.10.2019 and numbered 30926.
  • The Law on the Amendment to the Code of Criminal Procedure and Certain Laws (No. 7188) entered into force through publication in the Official Gazette dated 24.10.2019 and numbered 30928.
  • The Regulation on the Amendment to the Regulation on Housing Account and State Contribution entered into force through publication in the Official Gazette dated 25.10.2019 and numbered 30929.
  • The General Communiqué on Collection (Series: C Sequence No: 4) entered into force through publication in the Official Gazette dated 25.10.2019 and numbered 30929.
  • The Regulation on the Amendment to the Regulation on the Measurement and Assessment of Capital Requirements of Insurance and Reinsurance and Pension Companies entered into force through publication in the Official Gazette dated 26.10.2019 and numbered 30930.
  • The Communiqué on the Amendment to the Communiqué on Procedures and Principles Regarding Electronic Identification of Building Inspection Institutions to Sign Contracts with Building Owners entered into force through publication in the Official Gazette dated 26.10.2019 and numbered 30930.
  • The Regulation on the Amendment to the Implementing Regulation on Construction Works Tenders entered into force through publication in the Official Gazette dated 02.11.2019 and numbered 30936.
  • The Law on the Amendment to the Code of Custom and Certain Laws (No. 7190) entered into force through publication in the Official Gazette dated 07.11.2019 and numbered 30941.
  • The Regulation on the Tax Council entered into force through publication in the Official Gazette dated 12.11.2019 and numbered 30946.
  • The Regulation on the Amendment to the E-Tender Implementing Regulation entered into force through publication in the Official Gazette dated 13.11.2019 and numbered 30947.
  • The Regulation on the Intellectual Property Academy entered into force through publication in the Official Gazette dated 14.11.2019 and numbered 30948.
  • The Regulation on the Amendment to the Regulation on Principles and Rules to be Applied in Retail Trade entered into force through publication in the Official Gazette dated 15.11.2019 and numbered 30949.
  • The Regulation on the Amendment to the Regulation on Road Transport entered into force through publication in the Official Gazette dated 15.11.2019 and numbered 30949.
  • The Regulation on the Amendment to the Regulation on the Establishment, Activity, Working and Inspection Principles of Stock Exchanges and Market Operators entered into force through publication in the Official Gazette dated 15.11.2019 and numbered 30949.
  • Regulation on Maritime Trade Surveillance Services entered into force through publication in the Official Gazette dated 19.11.2019 and numbered 30953.

Competition Board Decisions

  • The Board, in consequence of re-evaluation pursuant to Article 11 of the Administrative Procedure Law, changed the duration of “60 days after the notification of the reasoned decision,” ordered Bankalararası Kart Merkezi A.Ş. (“BKM A.Ş.”) to stop providing its BKM Express service and to authenticate to the Board that BKM A.Ş. is complying with the Board decision dated 30.05.2019 and numbered 19-20/291-126 in the decision to remove the exemption granted by the Board ruling dated 23.09.2016 and numbered 16-31/525-236, pursuant to Article 13 of Law numbered 4054 since BKM Express Service provided by BKM A.Ş. did not meet the requirements as set forth in Article 5 of Law numbered 4054, “until 30 June 2020.” (07.11.2019, 19-38/563-232)
  • The Board granted individual exemption to the Financial Restructuring Framework Agreement (Small Scale Application) prepared by the Banking Association of Turkey, for two years, by taking into account the principles to ensure competitive processes. (07.11.2019, 19-38/564-233)

Mergers & Acquisitions

  • The Board authorized the acquisition of the sole control of Rözmaş Çelik Sanayi ve Ticaret A.Ş. by B-Plas Bursa Plastik, Metal, İnşaat, Enerji, Madencilik, Jeotermal, Turizm, Sivil Havacılık ve Tarım Sanayi ve Ticaret A.Ş. through Gökçen Yönetim ve Ticaret A.Ş. (24.10.2019, 19-36/547-225)
  • The Board authorized the establishment of the joint control of Yünsa Yünlü Sanayi ve Ticaret A.Ş. by Ziraat Katılım Bankası A.Ş. and Mustafa SÜRMEGÖZ through Sürmegöz Tekstil Yatırım A.Ş. (24.10.2019, 19-36/544-224)
  • The Board authorized the acquisition of the sole control of TCE EGE Konteyner Terminal İşletmeleri A.Ş. by Ege Gübre Sanayi A.Ş. (24.10.2019, 19-36/543-223)
  • The Board authorized the establishment of a joint venture between LG Chem Ltd. and Shanghai Maple Guorun Automobile Co. to operate in the field of lithium-ion automotive power batteries. (24.10.2019, 19-36/542-222)
  • The Board authorized the establishment of the joint control of Obilet Bilişim Sistemleri A.Ş. by the European Bank for Reconstruction and Development and Digital East Fund 2013 SCA SICAR by joining in the capital of Obilet Bilişim Sistemleri A.Ş. through the cash capital increase. (24.10.2019, 19-36/541-221)
  • The Board authorized the establishment of a joint venture between Lotte Chemical Corporation and GS Energy Corporation. (24.10.2019, 19-36/537-220)
  • The Board authorized the indirect acquisition of the control of Benteler Distribution International GmbH and the steel pipe distribution unit of Benteler International Aktiengesellschaft by Van Leeuwen Buizen Groep B.V. through share transfer. (31.10.2019, 19-37/560-231)
  • The Board authorized the acquisition of the joint control of the Conrad Dublin Otel, based in Dublin, Ireland, through the acquisition of all of the shares of Earlsfort Centre Hotel Proprietors Limited, by Archer Earlsfort Hotel Holding Limited, which is a wholly owned subsidiary of Archer Hotel Capital B.V. (31.10.2019, 19-37/558-230)
  • The Board authorized the acquisition of Utopia World Hotel, which is controlled by Utopya Turizm İnşaat İşletmecilik Ticaret A.Ş. by Adalı Otelcilik Turizm Organizasyon Ticaret A.Ş. (31.10.2019, 19-37/557-229)
  • The Board authorized the leasing transaction of the cement grinding and packing plant with machinery, equipment, and auxiliary units, as a whole, owned by Limak Ege Çimento San. Tic. A.Ş. to Kentçim Çimento San. A.Ş. (31.10.2019, 19-37/556-228)
  • The Board authorized the acquisition of the sole control and all of the shares of WABCO Holdings Inc. by ZF Friedrichshafen AG through Verona Merger Sub. Corp., which is a special purpose company indirectly and fully owned by ZF Friedrichshafen AG. (31.10.2019, 19-37/554-227)
  • The Board authorized the acquisition of the sole control of Tsinghua Tongfang Co., Ltd. by China National Nuclear Corporation Capital Holdings Co. Ltd. (31.10.2019, 19-37/550-226)
  • The Board authorized the establishment of the joint control on DORAK HIS Otelcilik ve Tic. A.Ş., which had been under the sole control of Dorak Turizm ve Gayrimenkul Yatırımları Holding A.Ş., by H.I.S Hotel Holdings Co. Ltd. and Dorak Turizm ve Gayrimenkul Yatırımları Holding A.Ş. (07.11.2019, 19-38/586-252)
  • The Board authorized the acquisition of the sole control of Tarkett Aspen Zemin Kaplamaları Ticaret A.Ş. by Tarkett GDL SA. (07.11.2019, 19-38/585-251)

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