Recent Keynotes of December 2021
International Agreements
- The Resolution of the President dated 25.11.2021 and numbered 4861 on the Approval of the Protocol on the Amendment of Article 9/7 of the Agreement on the Promotion and Protection of Investments between the Member States of the Economic Cooperation Organization and the Agreement on the Promotion and Protection of Investments between the Member States of the Economic Cooperation Organization was published in the Official Gazette dated 26.11.2021 and numbered 31671.
Resolutions of the President
- The Resolution of the President dated 25.11.2021 and numbered 4862 on the Amendment to the Resolution of the President Regarding the Determination of Value Added Tax Rates to be Applied to Goods and Services was published in the Official Gazette dated 26.11.2021 and numbered 31671.
- The Resolution of the President dated 15.12.2021 and numbered 4921 on the Amendment to the Annex to the Decision of the Council of Ministers dated 22.07.2006 and numbered 2006/10731 regarding the Stoppage Rates in the Provisional Article 67 of the Income Tax Law No. 193 was published in the Official Gazette dated 16.12.2021 and numbered 31691.
- The Resolution of the President dated 17.12.2021 and numbered 4925 on the Amendment to the Resolution of the President on Granting Project-Based State Aid to Investments was published in the Official Gazette dated 18.12.2021 and numbered 31693.
Legislation
- The Communiqué on the Safeguarding Measures in Import (No: 2021/7) entered into force through publication in the Official Gazette dated 20.11.2021 and numbered 31665.
- The Regulation Regarding Internal Systems for the Insurance and Annuity Sectors entered into force through publication in the Official Gazette dated 25.11.2021 and numbered 31670.
- The Tax Procedural Law General Communiqué (Serial No: 533) was published in the Official Gazette dated 27.11.2021 and numbered 31672.
- The Law numbered 7343 and dated 24.11.2021 on the Amendment to the Execution and Bankruptcy Law and Other Laws entered into force through publication in the Official Gazette dated 30.11.2021 and numbered 31675.
- The Regulation on the Amendment to the Regulation on the Implementation of Tenders for Framework Agreements was published in the Official Gazette dated 30.11.2021 and numbered 31675. The provisions of this Regulation will enter into force on 20.12.2021.
- The Regulation on the Amendment to the Regulation on the Implementation of Tenders for Consultancy Services was published in the Official Gazette dated 30.11.2021 and numbered 31675. The provisions of this Regulation will enter into force on 20.12.2021.
- The Regulation on the Amendment to the Regulation on the Implementation of Electronic Tenders was published in the Official Gazette dated 30.11.2021 and numbered 31675. The provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendments to the Regulation on the Implementation of Tenders for Service Purchases was published in the Official Gazette dated 30.11.2021 and numbered 31675. The provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Regulation on the Implementation of Tenders for Purchase of Goods was published in the Official Gazette dated 30.11.2021 and numbered 31675. The provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Regulation on the Implementation of Tenders for Construction Work was published in the Official Gazette dated 30.11.2021 and numbered 31675. The provisions of this Regulation enter into force on different dates.
- The Communiqué on the Procedures and Principles of Informing Customers and the Public within the Scope of Interest-Free Banking Principles and Standards was published in the Official Gazette dated 30.11.2021 and numbered 31675. This Communiqué enters into force on 01.01.2022.
- The Communiqué on the Amendment to the Communiqué on Compliance with Interest-Free Banking Principles and Standards entered into force through publication in the Official Gazette dated 30.11.2021 and numbered 31675.
- The Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers entered into force through publication in the Official Gazette dated 01.12.2021 and numbered 31676.
- The Communiqué (III-52.3.e) on the Amendment to the Communiqué (III-52.3) on Principles Regarding Real Estate Investment Funds entered into force through publication in the Official Gazette dated 01.12.2021 and numbered 31676.
- The Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers in the Field of Payment Services entered into force through publication in the Official Gazette dated 01.12.2021 and numbered 31676.
- The Regulation on the Amendment to the Regulation on Oil Market Licensing was published in the Official Gazette dated 02.12.2021 and numbered 31677. The provisions of this Regulation enter into force on different dates.
- The Regulation on Pollutant Release and Transfer Register Regulation was published in the Official Gazette dated 04.12.2021 and numbered 31679. The provisions of this Regulation enter into force on different dates.
- The Regulation on the General Conditions on the Amendment to the General Conditions Regarding Compulsory Motor Vehicle Liability Insurance on Highways entered into force through publication in the Official Gazette dated 04.12.2021 and numbered 31679.
- The General Communiqué (Serial No: 316) on Income Tax entered into force through publication in the Official Gazette dated 10.12.2021 and numbered 31685.
- The Regulation on the Amendment to the Regulation on the Deposits and Participation Funds Subject to Insurance and Premiums to be Collected by the Savings Deposit Insurance Fund was published in the Official Gazette dated 16.12.2021 and numbered 31691. The provisions of this Regulation enter into force on different dates.
- The Communiqué on Increasing the Monetary Limits established under Article 68 of Law No. 6502 on the Protection of Consumers and Article 6 of the Regulation on Consumer Arbitration Committees was published in the Official Gazette dated 16.12.2021 and numbered 31691. This Communiqué enters into force on 01.01.2022.
- The Communiqué on Administrative Fines to be Applied in 2022 in accordance with Article 77 of Law No. 6502 on the Protection of Consumers was published in the Official Gazette dated 16.12.2021 and numbered 31691. This Communiqué enters into force on 01.01.2022.
- The Communiqué on the Procedures and Principles to Be Followed for Request of Notification and Rogatory Abroad was published in the Official Gazette dated 17.12.2021 and numbered 31692. This Communiqué enters into force on 01.01.2022.
- The Communiqué on the Prevention of Unfair Competition in Importation (No: 2021/51) entered into force through publication in the Official Gazette dated 17.12.2021 and numbered 31692.
- The Regulation on the Capacity Mechanism for the Electricity Market was published in the Official Gazette dated 18.12.2021 and numbered 31693. This Regulation enters into force on 01.01.2022.
- The Communiqué on the Amendment to the Communiqué (2019/1) on the Implementation of the Resolution of the President on Granting Project-Based State Aid to Investments (2021/1) entered into force through publication in the Official Gazette dated 18.12.2021 and numbered 31693.
Competition Board Decisions
The Board granted a negative clearance certificate for the Turkish Payment and Electronic Money Institutions Union to share certain information with related third parties, primarily with the member undertakings of the union and the Central Bank of Republic of Turkey, within the framework of the calculation and use of the voting rights of the members at the general assembly meetings of the union. (02.12.2021, 21-58/825-405)
The Board granted a negative clearance certificate to the changes made in the practice of sharing risk information with financial institutions and various third parties by the Risk Center established under the Banks Association of Turkey. (08.12.2021, 21-59/845-416)
Mergers and Acquisitions
- The Board authorized the indirect acquisition of the joint control of T-Mobile Netherlands Holding B.V. by investment funds managed or consulted by Warburg Pincus LLC and Apax Partners LLP. (25.11.2021, 21-57/805-400)
- The Board authorized the acquisition of the joint control of RAC Group Limited by funds managed by the subsidiaries of Silver Lake Group, L.L.C. (25.11.2021, 21-57/804-399)
- The Board authorized the acquisition of the joint control of Europcar Mobility Group S.A. by Volkswagen AG, Trinity Investments DAC and Pon Holdings B.V. (25.11.2021, 21-57/803-398)
- The Board authorized the acquisition of the sole control of Profil Sanayi ve Ticaret A.Ş. and 3S Kalıp Makine Aparat Sanayi ve Ticaret A.Ş. by Ditaş Doğan Yedek Parça İmalat ve Teknik A.Ş., a subsidiary of Doğan Şirketler Grubu Holding A.Ş., through share transfer. (25.11.2021, 21-57/802-397)
- The Board authorized the acquisition of the sole control of Merter (Turkey) B.V. by MRT Investment Holding 6 B.V., which already owns joint control. (25.11.2021, 21-57/800-396)
- The Board authorized the acquisition of Hera SAS by Perrigo Company plc. through Habsont Unlimited Company. (25.11.2021, 21-57/798-394)
- The Board authorized the acquisition of the sole control of the business line of elastomers operated by JSR Corporation and its subsidiaries operating in the business line of elastomers by ENEOS Corporation. (25.11.2021, 21-57/797-393)
- The Board authorized the acquisition of the sole control of Gülbahar Elektrik Üretim A.Ş. by Birleşim Yapı ve Endüstri Tesisleri Sanayi ve Ticaret A.Ş. (25.11.2021, 21-57/793-391)
- The Board authorized the acquisition of the sole control of Söke Değirmencilik Sanayi ve Ticaret A.Ş. by Ulusoy Un Sanayi ve Ticaret A.Ş. (25.11.2021, 21-57/792-390)
- The Board authorized the acquisition of the joint control of Protel Hotelsoftware GmbH by Eurazeo SE and funds managed by Advent International Corporation. (25.11.2021, 21-57/787-388)
- The Board authorized the acquisition of the sole control of Connect Ads DMCC ultimately by Aleph Group, Inc. (25.11.2021, 21-57/786-387)
- The Board authorized the establishment of a joint venture by Dassault Systèmes International SAS and Beijing Shenzhou Aerospace Software Technology Co., Ltd. (25.11.2021, 21-57/785-386)
- The Board authorized the acquisition of the sole control of Mayen Telekomünikasyon Hizmetleri A.Ş. by Majorel Group Luxembourg S.A. (02.12.2021, 21-58/838-412)
- The Board authorized the acquisition of the joint control of Turkuaz Kimya ve Tarım Sanayi Ticaret A.Ş. and its subsidiaries by Ravago S.A. through Ravago Chemicals S.A. (02.12.2021, 21-58/835-410)
- The Board authorized the acquisition of the sole control of Prota Bilgisayar Mühendislik ve Danışmanlık Hizmetleri AŞ by Arkance SAS. (02.12.2021, 21-58/834-409)
- The Board authorized the acquisition of the joint control of Sydney Airport Limited and Sydney Airport Trust 1 by IFM Investors Pty Ltd and Global Infrastructure Management LLC. (02.12.2021, 21-58/829-408)
- The Board authorized the merger of Valmet Oyj and Neles Corporation. (02.12.2021, 21-58/827-406)
- The Board authorized the acquisition of Troy Corporation by Arxada AG. (02.12.2021, 21-58/824-404)
- The Board authorized the acquisition of the sole control of DP Eurasia N.V. by Jubilant FoodWorks Limited through Jubilant FoodWorks Netherlands B.V. (02.12.2021, 21-58/820-402)
- The Board authorized the acquisition of the joint control of Command Alkon Group Companies (Command Alkon Holdings, Inc. and Command Alkon Original Dutch Holdings B.V and their subsidiaries) indirectly by HeidelbergCement AG. (02.12.2021, 21-58/818-401)
- The Board authorized the establishment of joint control over Zooplus AG through the acquisition of Zooplus AG by 9BP24 S.à.r.l. which is ultimately under the sole control of EQT AB and Zorro Holdings, L.P., which is ultimately under the sole control of Hellman & Friedman LLC. (02.12.2021, 21-59/848-418)
- The Board authorized the acquisition of the sole control of D.T.P Bilgi İşlem İletişim ve Tic. AŞ by HgCapital LLP through Sovos Compliance, LLC. (08.12.2021, 21-59/840-413)
- The Board authorized the acquisition of the joint control of Chayora Holdings Limited by EdgeConneX Hold Co I (Cayman Islands). (08.12.2021, 21-59/839-411)
- The Board decided that the acquisition of several shares of the Akua Group Su Ürünleri A.Ş. by Ahmet SAGUN is not within the scope. (16.12.2021, 21-61/877-BD)
- The Board decided that the acquisition of the joint control of the Beta-Pak Otomatik Paketleme Ambalaj Makinaları Sanayi ve Ticaret A.Ş. by PaketA Holding A.Ş. is not subject to authorization. (16.12.2021, 21-61/876-BD)
- The Board decided that the acquisition of the sole control of Tuna Çocuk Gereçleri A.Ş. by Ebebek Mağazacılık A.Ş. is not subject to authorization. (16.12.2021, 21-61/867-BD)
- The Board authorized the acquisition of the business line of truck and bus of Daimler AG subsidiaries by Daimler AG and ultimately by Daimler Truck Holding AG. (16.12.2021, 21-61/879-425)
- The Board authorized the acquisition of the joint control of Gaziantep Hastane Sağlık Hizmetleri İşletme ve Yatırım A.Ş. by Rönesans Sağlık Yatırım A.Ş. and Meridiam Eastern Europe SARL. (16.12.2021, 21-61/8714-428)
- The Board authorized the acquisition of the sole control of Bimed Tıp Aletleri Sanayi ve Ticaret A.Ş. and the joint control of Bimed Teknik Aletler Sanayi ve Ticaret A.Ş. by Rem Holding A.Ş. (16.12.2021, 21-61/868-BD)
- The Board authorized the acquisition of the sole control of Ultra Electronics Holdings plc by Cobham Group Holdings Limited and ultimately by Advent International Corporation through Cobham Ultra Acquisitions Limited. (16.12.2021, 21-61/863-427)
- The Board authorized the acquisition of the sole control of Meggitt PLC by Parker Hannifin Corporation. (16.12.2021, 21-61/862-426)
- The Board authorized the acquisition of the sole control of SteelSeries Group A/S and the shares of SteelSeries Group A/S in its subsidiary named SteelSeries Holding II ApS by GN Audio A/S. (16.12.2021, 21-61/860-424)
- The Board authorized the acquisition of the sole control of Pharma Strategy Partners GmbH by Abu Dhabi Developmental Holding Company P.J.S.C. through Dawaa’a Restricted Ltd. (16.12.2021, 21-61/858-422)
- The Board authorized the acquisition of the sole control of Tapjoy Inc. ultimately by ironSource Inc. (16.12.2021, 21-61/855-420)
Energy
- The decision of the Energy Market Regulatory Authority (“EMRA”) dated 25.11.2021 and numbered 10581 was published in the Official Gazette dated 26.12.2021 and numbered 31671.
- The decisions of the EMRA dated 11.11.2021 and numbered 10549 and 10550 were published in the Official Gazette dated 02.12.2021 and numbered 31677.
- The decisions of the EMRA dated 02.12.2021 and numbered 10596, 10597 and 10598 were published in the Official Gazette dated 04.12.2021 and numbered 31679.
- The decision of the EMRA dated 02.12.2021 and numbered 10594 was published in the Official Gazette dated 07.12.2021 and numbered 31682.
- The decisions of the EMRA dated 09.12.2021 and numbered 10606, 10607, 10610, 10612 and 10613 were published in the Official Gazette dated 14.12.2021 and numbered 31689.
- The decisions of the EMRA dated 16.12.2021 and numbered 10645-1, 10645-2 and 10645-3 were published in the Official Gazette dated 18.12.2021 and numbered 31693.
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