Newsletter-21

XIV LAWOF OBLIGATIONS. .......................................................................251 Legal Liability of Banks as Trustworthy Institutions................................ 253 Organizational Liability Added to Art. 66 of the Turkish Code of Obligations Regarding Employer’s Liability................................................ 257 Can Errors in Predicting Future Facts Be Considered Fundamental Errors?.................................................................................................................... 261 Contractual Penalty under Turkish Law....................................................... 265 The Code on Movable Pledges and Its Innovations................................... 270 Financial Sale and Lease Back......................................................................... 275 The Obligation of Lessee to Return or to Purchase the Leased Property under the Financial Lease Agreements........................................ 279 ENERGY LAW. .........................................................................................283 Proposed Exposure Draft to Amend the Regulation on Unlicensed Electricity Generation....................................................................................... 285 Significant Amendments to the Unlicensed Electricity Generation Regulation............................................................................................................ 291 Key Points Regarding the Regulation on Certification and Support of Renewable Energy Resources...................................................................... 297 Key Points Regarding the Draft Regulation on Renewable Energy Resource Areas.................................................................................................... 302 Regulation on Renewable Energy Resource Areas Entered into Force. 308 LABOR LAW.............................................................................................315 New International Workforce Law and New Horizons for Foreign Employment in Turkey.......................................................................................317