Recent Keynotes of March 2018

March 2018
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International Agreements

  • Resolution of the Council of Ministers dated 01.2018 and numbered 2018/11301 on Ratification of the Agreement on Air Transportation between the Government of the Republic of Turkey and the Government of Republic of Yemen was published in the Official Gazette dated 28.02.2018 and numbered 30346.
  • Law dated 02.2018 and numbered 7096 on Approval of the Ratification of the Agreement on Mutual Aid regarding the Subject of Customs between the Government of the Republic of Turkey and Government of Montenegro entered into force through publication in the Official Gazette dated 07.03.2018 and numbered 30353.
  • Law dated 02.2018 and numbered 7097 on Approval of the Ratification of the Agreement on Dual Air Transportation between the Government of the Republic of Turkey and Government of Gabonese Republic entered into force through publication in the Official Gazette dated 08.03.2018 and numbered 30354.
  • Resolution of the Council of Ministers dated 08.01.2018 and numbered 2018/11233 on Ratification of the Agreement on Reciprocal Removal of Visas for Passport Holders between the Government of the Republic of Turkey and Government of the Democratic Republic of the Congo was published in the Official Gazette dated 19.03.2018 and numbered 30365 (bis).
  • Resolution of the Council of Ministers dated 17.01.2018 and numbered 2018/11318 on Ratification of the Agreement on Cooperation in the Field of Security between the Government of the Republic of Turkey and Government of the French Republic was published in the Official Gazette dated 19.03.2018 and numbered 30365 (bis).
  • Resolution of the Council of Ministers dated 17.01.2018 and numbered 2018/11326 on Ratification of the Technical Assembly Memorandum of Understanding Text regarding Road Transport between the Government of the Republic of Turkey and Government of the People’s Republic of China was published in the Official Gazette dated 19.03.2018 and numbered 30365 (bis).
  • Resolution of the Council of Ministers dated 05.02.2018 and numbered 2018/11383 on Ratification of the Memorandum of Understanding on Establishment of a Joint Committee in the Field of Customs between the Ministry of Customs and Trade of the Republic of Turkey the Ministry of Customs and Trade of the Republic of Albania was published in the Official Gazette dated 19.03.2018 and numbered 30365 (bis).

Council of Ministers Resolutions

  • Resolution of the Council of Ministers dated 17.01.2018 and numbered 2018/11297 on Amendment to the Decision on State Aids in Investments was published in the Official Gazette dated 22.02.2018 and numbered 30340.

Legislation

  • The Regulation on Market Surveillance and Supervision regarding Automotive Products was published in the Official Gazette dated 02.2018 and numbered 30340. This Regulation enters into force six months as of its publication.
  • The Regulation on Amendment to the Regulation on Endowments entered into force through publication in the Official Gazette dated 28.02.2018 and numbered 30346.
  • The Regulation on Amendment to the Regulation on the Petroleum Market Pricing System entered into force through publication in the Official Gazette dated 28.02.2018 and numbered 30346.
  • Tax Procedure Law General Communiqué (Serial No: 492) entered into force through publication in the Official Gazette dated 28.02.2018 and numbered 30346.
  • Laws on Ratification of the Statutory Decree on Certain Regulations within the Scope of State of Emergency with Alterations dated 31.01.2018 and numbered 7069, dated 01.02.2018 and numbered 7070, 7071, 7072, 7073, 7074, 7075, 7076, 7077, 7078, 7079, dated 06.02.2018 and numbered 7080, 7081,7082, 7083, 7084, 7085, 7086, dated 07.02.2018 and numbered 7087, 7088, 7089, 7090, dated 08.022018 and numbered 7091, 7092, dated 13.02.2018 and numbered 7098 entered into force through publication in the Official Gazette dated 08.03.2018 and numbered 30354 (bis).
  • Law on the Amendments in Certain Laws for the Purpose of Improvement of Investment Environment dated 15.02.2018 and numbered 7099 entered into force through publication in the Official Gazette dated 10.03.2018 and numbered 30356.
  • Communiqué on Procedures and Principles of Application to the Data Controller entered into force through publication in the Official Gazette dated 10.03.2018 and numbered 30356.
  • Communiqué on Amendment to the Communiqué on Signing the Corporate Charter in the Commercial Registries entered into force through publication in the Official Gazette dated 13.03.2018 and numbered 30359.
  • Communiqué on International Arbitration Fee Tariff was published in the Official Gazette dated 14.03.2018 and numbered 30360. This Regulation enters into force on 15.03.2018.

Competition Board Decisions

  • The Board granted the Agreements on Authorized Services of Light/Medium Commercial and Riding Vehicles concluded between Ford Otomotiv Sanayi ve Ticaret A.Ş. and Otokoç Otomotiv Ticaret ve Sanayi A.Ş., the group exemption under the Communiqué on the Group Exemption regarding the Vertical Agreements in the Motor Vehicles Sector numbered 2017/3. (08.03.2018, 18-07/118-64)

Mergers and Acquisitions

  • The Board decided that the acquisition of the whole control of Korsini Ambalaj Endüstrisi Yatırım ve Ticaret A.Ş. and its subsidiaries by Actera Group is not subject to authorization. (08.03.2018, 18-07/114- BD)
  • The Board authorized the acquisition of the joint control of the Valinge International AB by KIRKBI Invest A/S and BJELIN Holding AB. (08.03.2018, 18-07/122- 66)
  • The Board authorized the acquisition of the negative sole control of Mavi Giyim Sanayi ve Ticaret A.Ş by Akarlılar Family as a result of Blue International Holding B.V.’s disposal of its Group A shares in Mavi Giyim Sanayi ve Ticaret A.Ş. (08.03.2018, 18-07/121- 65)
  • The Board authorized the acquisition of certain shares and voting rights of Liberty Seguros de Seguros Y Reseguros S.A. in Liberty Sigorta A.Ş. by Talanx International AG. (08.03.2018, 18-07/117- 63)
  • The Board authorized the acquisition of all of the shares and the sole control of the UBM Plc. by Informa Plc. (08.03.2018, 18-07/116- 62)
  • The Board authorized the acquisition of the sole control of GKN Plc. by Melrose Industries Plc. (08.03.2018, 18-07/105- 55)
  • The Board decided that the acquisition of certain shares of the Akfen Altyapı Danışmanlık A.Ş. in IBS Sigorta ve Reasürans Brokerliği A.Ş. by Akfen Holding A.Ş. is not within the scope. (15.03.2018, 18-08/148- BD)
  • The Board decided that the acquisition of the shares and sole control of the Evrencik Rüzgâr Enerjisinden Elektrik Üretim Ltd. Şti. by Gencer Enerji Üretim ve Yatırım Hizmetleri A.Ş. is not subject to authorization. (15.03.2018, 18-08/147- BD)
  • The Board authorized the acquisition of the certain Italian steel work units that are under the control of ILVA Group by ArcelorMittal InvestCo Italy S.r.l under the provisions of the Line of Business Rent and Purchase Agreement concluded between the parties. (15.03.2018, 18-08/143- 72)
  • The Board authorized the acquisition of certain shares of the Eczacıbaşı Yatırım Ortaklığı A.Ş. that is under the control of the Eczacıbaşı Yatırım Holding Ortaklığı A.Ş. and Eczacıbaşı Girişim Pazarlama Tüketim Ürünleri Sanayi ve Ticaret A.Ş. that are within the structure of Eczacıbaşı Holding A.Ş. by Metro Yatırım Menkul Değerler A.Ş. (15.03.2018, 18-08/142- 71)
  • The Board authorized the establishment of a joint venture company between International Business Machines Corporation and A.P. Moller-Maersk A/S under the trade name of GTD Operations LLC. (15.03.2018, 18-08/138- 68)
  • The Board authorized the establishment of a joint venture company between TUSAŞ-Türk Havacılık ve Uzay Sanayii A.Ş. and Sarsılmaz Silah Sanayi A.Ş. (15.03.2018, 18-08/137- 67)
  • The Board authorized the establishment of a joint venture by establishment of joint control on VTRM Energia Participaçoes by Votorantim Geraçao de Energia S.A. and Canada Pension Plan Investment Board. (15.03.2018, 18-08/135- 61)
  • The Board authorized the establishment of a joint venture by Borealis AG, Nova Chemicals Inc. and Total Refining Petrochemicals & Refining USA Inc. for the production and sale of polyethylene. (15.03.2018, 18-08/134- 56)

Energy

  • Decision of the Energy Market Regulatory Authority (“EMRA”) on the License Application in the Market of Liquefied Petroleum Gases (LPG) was published on the official web site of the EMRA on 23.02.2018.
  • License prices that shall be imposed in 2018 were published on the official web site of the EMRA on 21.03.2018.

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