Recent Keynotes of August 2020
Resolutions of the President
- The Resolution of the President dated 30.07.2020 and numbered 2810 on the Extension of the Duration of Short-Time Working Allowance for Workplaces that have been Short-Worked Due to a Compelling Reason Within the Context of Cyclical Situations Caused by External Effects Due to the New Coronavirus (Covid-19) was published in the Official Gazette dated 31.07.2020 and numbered 31202.
- The Resolution of the President dated 30.07.2020 and numbered 2811 on the Extension of the Periods Indicated in the First and Second Clauses of Provisional Article 10 of Labor Law No. 4857 dated 22.05.2003 for One Month Starting from 17.08.2020 was published in the Official Gazette dated 31.07.2020 and numbered 31202.
- The Resolution of the President dated 30.07.2020 and numbered 2812 on the Amendment to the Resolution on Determination of Value Added Tax Rates to be Applied to Goods and Services was published in the Official Gazette dated 31.07.2020 and numbered 31202.
- The Resolution of the President dated 07.08.2020 and numbered 2834 on the Amendment to Annex the Resolution of the Council of Ministers Resolution dated 28.08.1998 and numbered 98/11591 on Determination of the Banking and Insurance Transactions Tax Rate Under Article 33 of Expenditure Tax Law No. 6802 was published in the Official Gazette dated 08.08.2020 and numbered 31207.
Legislation
- The Communiqué on the Amendment to the Communiqué on Signing the Company Establishment Agreement at the Trade Registry Offices entered into force through publication in the Official Gazette dated 22.07.2020 and numbered 31193.
- The Communiqués on Prevention of Unfair Competition in Imports (No: 2020/15, No: 2020/18, No: 2020/19) entered into force through publication in the Official Gazette dated 24.07.2020 and numbered 31195.
- The Law on the Amendment to Civil Procedural Law and Certain Laws No. 7251 entered into force through publication in the Official Gazette dated 28.07.2020 and numbered 31199.
- The Law on Establishment of Digital Media Commission and on Amendment to the Certain Laws No. 7252 was published in the Official Gazette dated 28.07.2020 and numbered 31199. The Articles of the Law entered into force on different dates.
- The Regulation on the Amendment to the Regulation on the Electricity Market Balancing and Settlement was published in the Official Gazette dated 28.07.2020 and numbered 31199. The Regulation entered into force on 01.08.2020.
- The Regulation on the Amendment to the Regulation on the Electricity Market Licensing entered into force through publication in the Official Gazette dated 28.07.2020 and numbered 31199.
- The Regulation on the Amendment to the Regulation on the Oil Market Licensing entered into force through publication in the Official Gazette dated 28.07.2020 and numbered 31199.
- The General Communiqué of Tax Procedural Law (Serial No: 519) entered into force through publication in the Official Gazette dated 30.07.2020 and numbered 31201.
- The Law on the Amendment to the Law on Regulating the Publications Made on the Internet and Fighting Against the Crimes Committed Through These Publications No. 7253 was published in the Official Gazette dated 31.07.2020 and numbered 31202. Articles of the Law enter into force on different dates.
- The Regulation on the Amendment to the Regulation on Supporting and Documenting Renewable Energy Resources entered into force as of 01.08.2020 through publication in the Official Gazette dated 07.08.2020 and numbered 31206.
- The Regulation on the Abolishment of the Tourism Facilities Implementation Regulation entered into force through publication in the Official Gazette dated 08.08.2020 and numbered 31207.
- The Regulation on the Safety of Nuclear Facilities and Nuclear Materials entered into force through publication in the Official Gazette dated 08.08.2020 and numbered 31207.
- The Communiqué on the Amendment to the Communiqué on the Stamp of Trust in Electronic Commerce entered into force through publication in the Official Gazette dated 13.08.2020 and numbered 31212.
- The Regulation on the Amendment to the Regulation on the Trade of Second Hand Motor Vehicles was published in the Official Gazette dated 15.08.2020 and numbered 31214. Articles of the Regulation enter into force on different dates.
- The Communiqué on Internal Emergency Plans to be Applied in Major Industrial Accidents entered into force through publication in the Official Gazette dated 15.08.2020 and numbered 31214.
- The Communiqué on Prevention of Unfair Competition in Imports (No: 2020/20) entered into force through publication in the Official Gazette dated 18.08.2020 and numbered 31217.
- The Communiqué on the Amendment to the Communiqué on Tariff and Instruction of State Supported Trade Receivable Insurance for Small and Medium Sized Enterprises entered into force through publication in the Official Gazette dated 19.08.2020 and numbered 31218.
Competition Board Decisions
- The Board granted individual exemption to the signed Preliminary Contract to reveal the terms and principles of the Contract Manufacturing Agreement, which is planned to be concluded by and between Novo Nordisk Sağlık Ürünleri Ticaret Ltd. Şti. and Abdi İbrahim İlaç San. ve Tic. A.Ş. (28.07.2020, 20-36/493-218)
- The Board granted individual exemption to the Tender Sales Contract concluded by and between Bayer Türk Kimya Sanayii Ltd. Şti. and Medifar Ecza Deposu İlaç Tic. A.Ş. (28.07.2020, 20-36/488-214)
Mergers & Acquisition
- The Board authorized the acquisition of Masmovil Ibercom S.A. to be jointly controlled by KKR &. Co. Inc., Providence Equity LLP and the fund (Seventh Cinven Fund) managed by Cinven Capital Management (VII) General Partner Limited. (24.07.2020, 20-35/465-205)
- The Board authorized the acquisition of the joint control of IONITY Holding GmbH & Co.KG by Hyundai Motor Company and Kia Motor Corporation with Daimler AG, Ford Motor Company and Dr. Ing. h.c. F. Porsche Aktiengesellschaft. (24.07.2020, 20-35/457-203)
- The Board authorized the acquisition of the sole control of BASF Colors & Effects by DIC Corporation. (28.07.2020, 20-36/497-222)
- The Board authorized the acquisition of the joint control of Axel Springer SE, which was under the joint control of KKR & Co. Inc. and Axel Springer Gesellschaft für Publizistik GmbH & Co., indirectly, by Canada Pension Plan Investment Board. (28.07.2020, 20-36/495-220)
- The Board authorized the acquisition of the sole control of VLD Danışmanlık Tıbbi Ürünler ve Tanıtım Hizmetleri A.Ş. by Aspen Healthcare FZ LLC. (28.07.2020, 20-36/492-217)
- The Board authorized the acquisition of the sole control of V.O.S.S. Varinak Onkoloji Sistemleri Satış ve Servis A.Ş. by Varian Medical Systems Inc. (28.07.2020, 20-36/491-216)
- The Board authorized the acquisition of the sole control of Er-Bakır Elektrolitik Bakır Mamulleri A.Ş. and Başak Metal Ticaret ve Sanayi A.Ş. by Ahmet Nuri Erikoğlu Holding A.Ş. (28.07.2020, 20-36/482-210)
- The Board authorized the acquisition of some assets of Yıldız Sunta MDF Orman Ürünleri Sanayi Tesisleri İthalat İhracat ve Ticaret A.Ş., which is under concordatum process and suspended its production activities, by Yıldızlar Yatırım Holding A.Ş. or its existing and/ or to-be-established subsidiary companies. (13.08.2020, 20-37/525-233)
- The Board authorized the acquisition of the sole control of Aras Kargo Yurt İçi Yurt Dışı Taşımacılık A.Ş. by Post 206 Beteiligungs GmbH, which is the subsidiary company of Österreichische Post AG. (13.08.2020, 20-37/524-232)
- The Board authorized the acquisition of the sole control of Vivense Teknoloji Hizmetleri ve Ticaret A.Ş. by Sahara Holdings S.à.r.l. through Vivense S.à.r.l. (13.08.2020, 20-37/516-230)
- The Board authorized the acquisition of the sole control of Nutrition & Biosciences, Inc., which will acquire the Nutrition & Biosciences line of work of DuPont de Nemours, by International Flavors & Fragrances Inc. (13.08.2020, 20-37/512-228)
- The Board authorized the establishment of Beijing Xin Yi Industry Consulting Service Co. Ltd. to be under the joint control of Citic Construction Co. Ltd. and Itochu Corporation. (13.08.2020, 20-37/509-227)
All rights of this article are reserved. This article may not be used, reproduced, copied, published, distributed, or otherwise disseminated without quotation or Erdem & Erdem Law Firm's written consent. Any content created without citing the resource or Erdem & Erdem Law Firm’s written consent is regularly tracked, and legal action will be taken in case of violation.
Other Contents
The Grand General Assembly of the Unification of Jurisprudence ("GGAUJ") ruled with the Decision of the Grand General Assembly of the Unification of Jurisprudence dated 28.04.2023 numbered 2021/5 E. 2023/2 K. ("Decision") that if the legal remedy period is erroneously indicated longer in the decision in...
The concept of estate, which can be considered as the foundation of our inheritance law, refers to all the property, rights, and debts belonging to an individual after their death. Throughout history, humans have been buried with their cherished belongings based on religious beliefs, but over time, it has been observed...
The Resolution of the President dated 21.07.2023 and numbered 7393 on the Approval of the Memorandum of Understanding between the Government of the Republic of Türkiye and the Government of the People’s Democratic Republic of Algeria on Cooperation in the Field of Mining was published in the Official...
The Grant Agreement signed on 06.04.2023 between the Ministry of Treasury and Finance of Republic of Türkiye, Development and Investment Bank of Turkey (TKYB) and German Development Bank (KfW) was published in the Official Gazette dated 04.07.2023 and numbered 32238...
Inheritance contracts are contracts involving a testamentary disposition concluded by the legator, with her inheritor or a third party. A testamentary disposition is a legal transaction that includes the orders of the legator that she wishes to be carried out after her death. Testamentary disposition term is used in two...
The Resolution of the President dated 06.06.2023 and numbered 7302 on the Ratification of the Economic and Financial Cooperation Agreement between the Republic of Türkiye and the Turkish Republic of Northern Cyprus for 2023 was published in the Official Gazette dated 07.06.2023 and numbered 32214...
This study examines the decision ("Decision") of the Turkish Constitutional Court ("CC") dated 22.02.2023, published in the Official Gazette on April 28, 2023, which abolished the first sentence of Article 187 of the Turkish Civil Code numbered 4721 ("TCC"), which obliges a woman to take her husband's surname upon...
The Resolution on the Approval of the Annexed Amendment Letter Regarding the Separate Agreement on the Financing Agreement between the Ministry of National Education of the Republic of Turkey and the German Development Bank (KfW) on the Clean Energy and Energy Efficiency Measures Project...
The Resolution of the President dated 01.04.2023 and numbered 7025 on the Approval of the Protocol on the Accession of the Republic of Finland to the North Atlantic Treaty was published in the Official Gazette dated 02.04.2023 and numbered 32151...
The Resolution of the President dated 08.03.2023 and numbered 6913 on the Ratification of the Agreement between the Republic of Turkey and the European Union on the Participation of the Republic of Turkey in the Union Program on Cooperation in the Customs Area, ‘Customs’, effective from 1 January 2021...
The Resolution of the President dated 25.01.2023 and numbered 6728 on the Application of the Exemption in the Fourth Paragraph of the Provisional Article 14 of the Corporate Tax Law No. 5520 to the Foreign Currencies in the Balance Sheets of the Corporations as of 31.12.2022 was published in the Official...
The Resolution on the Approval of the Protocol between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on the Deployment of Energy Transmission Lines of Geçitkale Airport (Resolution No: 6647) entered into force through publication in the...
The Resolution of the President dated 23.11.2022 and numbered 6416 on the Approval of the Economic and Financial Cooperation Agreement - Additional Agreement - signed between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on...
The Resolution of the President dated 19.10.2022 and numbered 6238 on the Approval of the Memorandum of Understanding Between the Government of the Republic of Turkiye and the Government of the Federal Republic of Nigeria on Cooperation in the Field of Energy was published in the Official Gazette...
The Resolution of the President dated 26.09.2022 and numbered 6090 on the Approval of the Annexed Amendment Protocol signed by the Exchange of Letters dated 12.08.2022 and 31.08.2022 between the Government of the Republic of Turkey and the European Commission on the Amendment to...
The Resolution of the President dated 15.09.2022 and numbered 6080 on the Approval of the Memorandum of Understanding About Implementation of the Multilateral Tax Program Between the Government of the Republic of Turkey and the Organization for Economic Cooperation and Development at...
Since social media has turned into a modern mass communication tool, the concepts of advertising and marketing have been brought to a new dimension. Influencers, who promote various products and services by "influencing" their audience through social media, are driving the next generation of...
The Resolution of the President dated 20.07.2022 and numbered 5801 on the Determination of the Default Interest Rate under the First Paragraph of Article 51 of the Law numbered 6183 on the Collection Procedure of Public Receivables as 2.5% to be Applied Separately for Each Month, was published...
Decision dated 27.06.2022 and numbered 5751 on the Ratification of the Fund Grant Agreement signed between Republic of Turkey Ministry of Labor and Social Security and International Bank for Reconstruction and Development, on 05.05.2022...
The Resolution of the President dated 23.05.2022 and numbered 5596 on the Ratification of the Economic and Financial Cooperation Agreement between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated...
The Resolution of the President dated 23.04.2022 and numbered 5520 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the Republic of Cote D’Ivoire Concerning the Reciprocal Promotion and Protection of Investments...
In a decision dated 29.09.2021 with application number 2018/357 (“Decision”), the Constitutional Court decided by a large majority that the applicant's right to property was violated due to the fact that the immovables expropriated for the purpose of mass housing construction...
Pursuant to Art. 101 of the Turkish Civil Code (“CC”) No. 4721, foundations are an ensemble of assets that have legal personality, which comprises of sufficient assets and rights that are allocated by real and legal persons for a determined and perpetual objective. Foundations are legal persons that have “ideal...