Recent Keynotes of September 2020

September 2020
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International Agreements

  • The Resolution of the President dated 27.08.2020 and numbered 2897 on the Approval of the Memorandum of Understanding Regarding the Trust Fund Grant Concerning the Field of Health between the Republic of Turkey and the Turkish Republic of Northern Cyprus was published in the Official Gazette dated 28.08.2020 and numbered 31227.
  • The Resolution of the President dated 27.08.2020 and numbered 2898 on the Approval of the Memorandum of Understanding Regarding the Trust Fund Grant Concerning the Field of Health between the Republic of Turkey and the Republic of Uzbekistan was published in the Official Gazette dated 28.08.2020 and numbered 31227.
  • The Resolution of the President dated 27.08.2020 and numbered 2899 on the Approval of the Memorandum of Understanding Regarding the Trust Fund Grant Concerning the Field of Health between the Republic of Turkey and Turkmenistan was published in the Official Gazette dated 28.08.2020 and numbered 31227.
  • The Resolution of the President dated 27.08.2020 and numbered 2900 on the Approval of the Memorandum of Understanding Regarding the Trust Fund Grant Concerning the Field of Health between the Republic of Turkey and the Republic of Serbia was published in the Official Gazette dated 28.08.2020 and numbered 31227.
  • The Resolution of the President dated 14.09.2020 and numbered 2947 on the Approval of the Memorandum of Understanding between the Republic of Turkey and the Government of National Accord in Libya was published in the Official Gazette dated 15.09.2020 and numbered 31245.

Resolutions of the President

  • The Annex Resolution to the Resolution on the Import Regime (No: 2841) entered into force through publication in the Official Gazette dated 21.08.2020 and numbered 31220.
  • The Resolution of the President dated 20.08.2020 and numbered 2846 on the Amendment to the Resolution Concerning State Aid for Investments was published in the Official Gazette dated 21.08.2020 and numbered 31220.
  • The Resolution of the President dated 29.08.2020 and numbered 2913 on the Amendment to the Decree Regarding the Determination of the Value Added Tax Rates that will be Applied to Goods and Services entered into force through publication in the Official Gazette dated 30.08.2020 and numbered 31229.
  • The Annex Resolution to the Resolution on the Import Regime (No: 2916) entered into force through publication in the Official Gazette dated 31.08.2020 and numbered 31230.
  • The Resolution of the President dated 30.08.2020 and numbered 2915 on the Extension of the Duration of Short-Time Employment Allowance for Workplaces that Applied Short-Time Employment Due to a Compelling Reason within the Context of Force Majeure Caused by External Effects Due to the New Coronavirus (Covid-19) was published in the Official Gazette dated 31.08.2020 and numbered 31230.
  • The Resolution of the President dated 03.09.2020 and numbered 2930 on the Two Months Extension as of 17.09.2020 for the Periods Indicated in the First and Second Clauses of Provisional Article 10 of Labor Law No. 4857 dated 22.05.2003 was published in the Official Gazette dated 04.09.2020 and numbered 31234.
  • The Resolution of the President dated 17.09.2020 and numbered 2948 on the Three Month Extension of the Period Indicated in the First Clause of Provisional Article 13 of the Turkish Commercial Code numbered 6102 was published in the Official Gazette dated 18.09.2020 and numbered 31248.

Legislation

  • The Regulation on the Identification Sharing System entered into force through publication in the Official Gazette dated 21.08.2020 and numbered 31220.
  • The Regulation on the Production and Usage of TR QR Code for Payment Systems entered into force through publication in the Official Gazette dated 21.08.2020 and numbered 31220.
  • The Communiqué on the Amendment to the Communiqué on Required Reserves (No. 2013/15) entered into force through publication in the Official Gazette dated 21.08.2020 and numbered 31220.
  • The Communiqué on the Amendment to the Communiqué on the Commercial Communication and Commercial Electronic Messages entered into force through publication in the Official Gazette dated 28.08.2020 and 31227.
  • The General Communiqué on Estate Taxes entered into force through publication in the Official Gazette dated 01.09.2020 and numbered 31231.
  • The Communiqué on the Amendment to the General Communiqué on Disguised Profit Distribution Through Transfer Pricing (Serial No. 1) entered into force through publication in the Official Gazette dated 01.09.2020 and numbered 31231.
  • The Regulation on the Principles and Procedures Regarding the Payments Made from the Support and Price Stability Fund within the Scope of Government Aid for Export entered into force through publication in the Official Gazette dated 02.09.2020 and numbered 31232.
  • The Regulation on the Amendment to the Regulation on the Union of Turkish Bar Associations Legal Practitioners Act entered into force through publication in the Official Gazette dated 02.09.2020 and numbered 31232.
  • The Communiqué on Prevention of Unfair Competition in Imports (No. 2020/21) entered into force through publication in the Official Gazette dated 12.09.2020 and numbered 31242.
  • The Regulation on the Amendment to the Turkish Oil Law Enforcement Regulation entered into force through publication in the Official Gazette dated 19.09.2020 and numbered 31249.

Competition Board Decisions

  • The Competition Board (“Board”) granted negative clearance to the Non-Life Insurance Bancassurance Agreement signed between Güneş Sigorta A.Ş. and Türkiye Vakıflar Bankası T.A.O., and to the Life and Pension Bancassurance Agreement signed between Vakıf Emeklilik ve Hayat A.Ş. and Türkiye Vakıflar Bankası T.A.O., due to the fact that these agreements are not regarded as agreements between undertakings as per the Article 4 of Law numbered 4054, and they met all of the conditions stated in Articles 6 and 7 of the stated Law. (27.08.2020, 20-39/539-240)

Mergers and Acquisitions

  • The Board authorized the acquisition of the sole control of Sesa Ambalaj ve Plastik Sanayi Ticaret A.Ş. by Doğan Şirketler Grubu Holding A.Ş. through Öncü Girişim Sermayesi Yatırım Ortaklığı A.Ş. (27.08.2020, 20-39/545-244)
  • The Board authorized the acquisition of the sole control by Nestle S.A of certain assets regarding non-domestic coffee channels indirectly run by M.H. Alshaya Co. and ultimately run and controlled by Alshaya Family. (27.08.2020, 20-39/541-242)
  • The Board authorized the establishment of a fully functional joint venture by gathering certain asset management activities that are run by Ostrum Asset Management, owned by Natixis Investment Managers and La Banque Postale Asset Management, owned by La Banque Postale. (27.08.2020, 20-39/540-241)
  • The Board decided that the acquisition of certain shares of Madosan Market Donanım Çelik Eşya Tarım Hayvancılık Sanayi ve Ticaret A.Ş. by Umdasch Store Makers Management GmbH. was not subject to authorization. (03.09.2020, 20-40/560-BD)
  • The Board authorized the acquisition of the sole control of Innerworkings, Inc. by HH Global Group Limited. (03.09.2020, 20-40/555-250)
  • The Board authorized the merger of Nippon Steel Stainless Trading Corporation, which was the sole control of Nippon Steel Corporation and NS-Stainless Corporation, which was under joint control of Nippon Steel Trading Corporation, Sumitomo Corporation and Nippon Steel Stainless Steel Corporation. (03.09.2020, 20-40/548-245)
  • The Board authorized the acquisition of the sole control of Petgaz A.Ş. by BDY Group Yatırım A.Ş. (10.09.2020, 20-41/570-255)
  • The Board authorized the acquisition of the sole control of the chemicals business line by BP p.l.c. by INEOS Limited through INEOS Styrolution Financing Limited ve INEOS 256 GB Limited. (10.09.2020, 20-41/569-254)
  • The Board authorized the merger of Alacer Gold Corp. and SSR Mining Inc. (10.09.2020, 20-41/568-253)
  • The Board authorized the acquisition of the sole control of Doğanay Gıda Tarım ve Hayvancılık San. ve Tic. A.Ş. by Purple Beverages S.A.R.L. (10.09.2020, 20-41/566-251)

Energy

  • The Energy Market Regulatory Board (“EMRB”) decisions dated 20.08.2020 and numbered 9499, 9500, 9508 were published in the Official Gazette dated 21.08.2020 and numbered 31220.
  • The EMRB Decision dated 10.09.2020 and numbered 9543 entered into force through publication in the Official Gazette dated 12.09.2020 and numbered 31242.
  • The EMRB Decision dated 10.09.2020 and numbered 9537 entered into force through publication in the Official Gazette dated 17.09.2020 and numbered 31247.
  • The EMRB Decision dated 17.09.2020 and numbered 9554 entered into force through publication in the Official Gazette dated 20.09.2020 and numbered 31250.

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