Recent Keynotes of October 2019

October 2019
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International Agreements

  • The Resolution of the President dated 19.09.2019 and numbered 1587 on Approval of the Cultural Cooperation Treaty between the Government of the Republic of Turkey and the Government of the Republic of Kosovo was published in the Official Gazette dated 09.2019 and numbered 30894.

Resolutions of the President

  • The Resolution of the President numbered 1592 on Determination of Default Interest Rate regulated under the first paragraph of Article 51 of the Law on Collection Procedure numbered 6183, to be applied separately for each month, as 2% was published in the Official Gazette dated 10.2019 and numbered 30906.
  • The Resolution of the President numbered 1593 on the Amendment to the Resolution on Project-Based State Aid for Investments entered into force through publication in the Official Gazette dated 10.2019 and numbered 30906.
  • The Resolution of the President numbered 1618 on Approval of Medium-Term Program (2020-2022) was published in the Official Gazette bis 1 dated 10.2019 and numbered 30908.
  • The Resolution of the President numbered 1658 on Approval of Medium-Term Program (2020-2022) prepared by the Ministry of Treasury and Finance and Strategy and Budget Directorate was published in the Official Gazette bis 1 dated 10.2019 and numbered 30914.
  • The Additional Resolution of the President numbered 1665 on the Resolution on Import Regime entered into force through publication in the Official Gazette dated 10.2019 and numbered 30922.

Legislation

  • The Communique on the Amendment to the Communique on Required Reserves entered into force through publication in the Official Gazette dated 21.09.2019 and numbered 30895.
  • The Regulation on the Amendment to the Ports Regulation entered into force through publication in the Official Gazette dated 24.09.2019 and numbered 30898.
  • The Communique on the Management of Quota and Tariff Contingent for Imports, (No: 2019/6) entered into force through publication in the Official Gazette dated 09.2019 and numbered 30899.
  • The Communique (III-48.1.d) on the Amendment to the Principles Regarding Real Estate Investment Trusts Communique (III-48.1) entered into force through publication in the Official Gazette dated 09.2019 and numbered 30901.
  • The Communique (No: 2019/17) on the Amendment to the Communique (No: 2016/8) on Maximum Interest Rates for Credit Card Transactions entered into force on 1.10.2019 through publication in the Official Gazette dated 09.2019 and numbered 30902.
  • The Share-Based Crowd Funding Communique (III – 35/A.1) entered into force through publication in the Official Gazette dated 10.2019 and numbered 30907.
  • The Communique (Serial No: 27) on the Amendment to the Value Added Tax Common Practice Regulation entered into force through publication in the Official Gazette dated 10.2019 and numbered 30919.
  • The Communique (No: 2019/18) on the Amendment to the Communique (No: 2006/1) on Deposit and Loan Interest Rates and Participation Accounts Profit and Loss Participation Rates and Other Non-Interest Benefits in Credit Transactions entered into force on 1/11/2019 through publication in the Official Gazette dated 16.10. 2019 and numbered 30920.
  • The Communique (Order No: 3) on the Amendment to the General Communique on Electronic Ledgers (Order No: 1) was published in the Official Gazette dated 10.2019 and numbered 30923. Different provisions of this Communiqué enter into force on different dates.
  • The General Communique on the Tax Procedural Law (Order No: 509) entered into force through publication in the Official Gazette dated 10.2019 and numbered 30923.
  • The Communique (Order No: 510) on the Amendment to the General Communique on the Tax Procedural Law (Order No: 240), entered into force through publication in the Official Gazette dated 10.2019 and numbered 30923.
  • The Communique (Order No: 511) on the Amendment to the Tax Procedural Law General Communique (Order No: 456) entered into force through publication in the Official Gazette dated 19.10.2019 and numbered 30923.

Mergers and Acquisition

  • The Board authorized the establishment of a joint venture by Faurecia Group via its subsidiary Faurecia Exhaust International and Michelin Group via its subsidiary Spika SAS on (26.9.2019, 19-33/491-211)
  • The Board authorized the acquisition of Pastavilla, Kartal and Lunch&Dinner trademarks owned by Tat Gıda Sanayi A.Ş. by Durum Gıda San. ve Tic. A.Ş. (26.9.2019,19-33/487-210)
  • The Board authorized the acquisition of the sole control of THY DO & CO İkram Hizmetleri A.Ş by DO & CO Aktiengesellschaft, which was under joint control of Türk Hava Yolları A.O. and DO & CO Aktiengesellschaft. (26.9.2019, 19-33/486-209)
  • The Board authorized the indirect acquisition of the sole control of companies composing Kantar Grup by Bain Capital Investors, LLC. (29.08.2019, 19-30/448-193)
  • The Board authorized the acquisition of the sole control of Webhelp SAS and its subsidiaries by Groupe Bruxelles Lambert SA via Marnix SAS. (26.9.2019, 19-33/484-207)
  • The Board authorized the acquisition of the joint control of BNVC Group Holdings, Inc. under the control of Bain Capital LLC by EQT VIII SCSp Investment Fund and Canada Pension Plan Investment Board. (26.9.2019, 19-33/483-206)
  • The Board authorized the acquisition of the sole control of Vungle Inc. by Redbird Parent Holdings, Inc. (26.9.2019, 19-33/482-205)
  • The Board authorized the transfer of SR Bilişim Yönetim Hizmetleri Ticaret A.Ş. and Biznet Bilişim Sistemleri ve Danışmanlık Sanayi Ticaret A.Ş. to the joint control of Taxim Capital Partners I LP and Rahmi Faruk Eczacıbaşı via FTA Bilişim Hizmetleri A.Ş. (26.9.2019, 19-33/481-204)
  • The Board authorized the acquisition of the joint control of STEAG Enerji Ticareti ve Hizmetleri A.Ş., which was under the sole control of STEAG Beteiligungsgesellschaft mbH by OYAK Birleşik Enerji A.Ş. (26.9.2019, 19-33/479-203)
  • The Board authorized the acquisition of the shares of Aceka Turizm ve İnşaat A.Ş., Altaylar Altyapı ve Malzeme Hizmetleri A.Ş., Bilgidar İletişim Eğitim ve Danışmanlık Hizmetleri Tic. Ltd. Şti., Buselik Enerji Sanayi ve Ticaret Ltd. Şti., Dimetoka Enerji Sanayi ve Ticaret Ltd. Şti., Eflak Enerji Sanayi ve Ticaret Ltd. Şti., Greenland Altyapı ve Malzeme Hizmetleri A.Ş., Hazar Altyapı ve Malzeme Hizmetleri A.Ş., Hersek Enerji Sanayi ve Ticaret Ltd. Ş, İsfahan Enerji Sanayi ve Ticaret Ltd. Şti., Kanije Enerji Sanayi ve Ticaret Ltd. Şti., Kartal Altyapı ve Malzeme Hizmetleri A.Ş., Kent Altyapı ve Malzeme Hizmetleri A.Ş., Lisola Elektrik Üretim İnşaat ve Ticaret Ltd. Şti., Onan Enerji Üretim A.Ş., Segah Enerji Sanayi ve Ticaret Ltd. Şti., Turaneli Enerji Sanayi ve Ticaret Ltd. Şti. and Varna Enerji Sanayi ve Ticaret Ltd. Şti. by Ziya GÜÇLÜ, Hacı GÜÇLÜ, Nafiz GÜÇLÜ, Güçlü Dokuma Tekstil Taşımacılık ve Plastik Sanayi ve Ticaret A.Ş., Zeynel TURNALI and Mehmet TURNALI. (26.9.2019, 19-33/478-202)
  • The Board decided that the acquisition of the sole control of Antges Enerji Üretim A.Ş. by Artıbir Enerji A.Ş. is not subject to authorization. (3.10.2019, 19-34/511-BD)
  • The Board authorized the acquisition of the joint control of Merlin Entertainments Plc. by the investment funds managed by the subsidiary companies of KIRKBI Invest A/S, The Blackstone Group Inc. and Canada Pension Plan Investment Board. (3.10.2019, 19-34/507-212)
  • The Board decided that the acquisitions of Gerbay GmbH by Odelo Otomotiv Aydınlatma A.Ş. are out of its scope. (11.10.2019, 19-35/524-BD)
  • The Board decided that the acquisition of HYLIFE Investment Ltd., which has the joint control of HYLIFE Group Holdings Ltd. by CPF Canada Holdings Corp., and which is a subsidiary of Charoen Pokphand Foods Public Company Limited, is not subject to authorization. (11.10.2019, 19-35/523-BD)
  • The Board authorized the acquisition of the sole control of CPL Holdings GmbH by DBAG Fund VII via UNA 390. Equity Management GmbH. (11.10.2019, 19-35/529-219)
  • The Board authorized the acquisition of the sole control of Aviation Capital Group LLC by Tokyo Century Corporation via TC Skyward Aviation U.S., Inc. (11.10.2019, 19-35/528-218)
  • The Board authorized the establishment of joint control through the acquisition of certain shares of Predica Energies Durables SAS under the joint control of Predica Prévoyance Dialogue du Crédit Agricole and Omnes Capital SAS by La Caisse des Dépôts et Consignations and La Caisse Nationale de Réassurance Mutuelle Agricole Groupama. (11.10.2019, 19-35/527-217)
  • The Board authorized the establishment of a joint venture between BP Biocombustiveis S.A. and Bunge Brasil Holdings BV to operate in the filed of the production of bioethanol, sugar, and electricity and supply. (11.10.2019, 19-35/526-216)
  • The Board authorized the acquisition of the joint control of Apro LLC, which is under the sole control of SoftBank Group Corporation by West Retail Holdings LLC represented by Philips 66 Co. (11.10.2019, 19-35/525-215)
  • The Board authorized the acquisition of the joint control of the existing fleet management services business and FleetCompany GmbH by Carmobility GmbH via Volkswagen AG’s subsidiary, Volkswagen Financial Services AG and TÜV SÜD AG’s subsidiary TÜV SÜD Auto Service GmbH. (11.10.2019, 19-35/518-214)
  • The Board authorized the acquisition of the sole control of Allergan plc by AbbVie Inc. (11.10.2019, 19-35/517-213)

Energy

  • The Announcement in the publication of the Sectoral Reports for July, 2019 was published on the official website of the Energy Market Regulatory Authority on 09.2019.

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