Recent Keynotes of July 2024
International Agreements
- The Resolution of the President dated 16.07.2024 and numbered 8729 on the Approval of the Economic and Financial Cooperation Agreement between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated 17.07.2024 and numbered 32604.
Resolutions of the President
- The Resolution of the President dated 27.06.2024 and numbered 8651 on the Application of Safeguard Measures on Paper Imports was published in the Official Gazette dated 28.06.2024 and numbered 32586. This Resolution enters into force on 28.07.2024.
- The Resolution of the President dated 27.06.2024 and numbered 8652 Amending the Resolution on Granting Support to Underground Mining Enterprises in order to Cover Cost Increases was published in the Official Gazette dated 28.06.2024 and numbered 32586. This Resolution enters into force on the date of its publication, effective as of 01.01.2024.
- The Resolution of the President dated 29.06.2024 and numbered 8688 Amending the Resolution on Import Regime was published in the Official Gazette dated 30.06.2024 and numbered 32588. This Resolution enters into force on 01.07.2024.
- The Resolution of the President dated 29.06.2024 and numbered 8689 Amending the Resolution on the Application of Additional Customs Duty on Imports was published in the Official Gazette dated 30.06.2024 and numbered 32588. This Resolution enters into force on 01.07.2024.
- The Resolution of the President dated 29.06.2024 and numbered 8690 Amending the Resolution on the Implementation of Tariff Quotas on the Import of Certain Products Originating from the Republic of Azerbaijan was published in the Official Gazette dated 30.06.2024 and numbered 32588. This Resolution enters into force on 01.07.2024.
- The Resolution of the President dated 29.06.2024 and numbered 8691 Amending the Resolution on Import Regime was published in the Official Gazette dated 30.06.2024 and numbered 32588. This Resolution enters into force on 01.07.2024.
- The Resolution of the President dated 29.06.2024 and numbered 8692 Amending the Resolution on the Implementation of Tariff Quotas on the Import of Certain Products Originating from the State of Palestine entered into force through publication in the Official Gazette dated 30.06.2024 and numbered 32588.
- The Resolution of the President dated 02.07.2024 and numbered 8723 Amending the Resolution on the Application of Additional Customs Duty on Imports entered into force through publication in the Official Gazette dated 03.07.2024 and numbered 32591.
Legislation
- The Regulation Amending the Electricity Market Connection and System Utilization Regulation entered into force through publication in the Official Gazette dated 25.06.2024 and numbered 32583.
- The Regulation Amending the Type Approval Regulation (EU/2019/2144) on the General Safety of Motor Vehicles and Their Trailers and Components, Systems and Separate Technical Units Designed for Them and the Protection of Vulnerable Road Users and Passengers entered into force through publication in the Official Gazette dated 26.06.2024 and numbered 32584.
- The Communiqué (No: 2024/20) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 28.06.2024 and numbered 32586.
- The Communiqué (No: 2024/21) on Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 28.06.2024 and numbered 32586.
- The Communiqué (No: 2024/7) on Safeguard Measures in Imports entered into force through publication in the Official Gazette dated 28.06.2024 and numbered 32586.
- The Communiqué (No: 2024/15) Amending the Communiqué on Reserve Requirements (No: 2013/15) was published in the Official Gazette dated 28.06.2024 and numbered 32586. This Communiqué enters into force on the date of its publication, effective as of 21.06.2024.
- The Communiqué (No: 2024/16) Amending the Communiqué (No: 2020/4) on the Procedures and Principles Regarding the Fees to be Charged by Banks to Commercial Customers was published in the Official Gazette dated 28.06.2024 and numbered 32586. This Communiqué enters into force on 01.07.2024.
- The Regulation Amending the Regulation on the Special Procedures and Principles Regarding Works Conducted by Employing Workers in Shifts entered into force through publication in the Official Gazette dated 29.06.2024 and numbered 32587.
- The Communiqué Amending the Communiqué on the Implementation of Tariff Quotas on the Import of Certain Products Originating from the Republic of Azerbaijan was published in the Official Gazette dated 30.06.2024 and numbered 32588. This Communiqué enters into force on 01.07.2024.
- The Communiqué Amending the Communiqué on the Implementation of Tariff Quotas on the Import of Certain Agricultural Products Originating from the Palestinian National Authority entered into force through publication in the Official Gazette dated 30.06.2024 and numbered 32588.
- The Communiqué (No: 2024/8) on Safeguard Measures in Imports entered into force through publication in the Official Gazette dated 30.06.2024 and numbered 32588.
- The Law No. 7518 Amending the Capital Markets Law entered into force through publication in the Official Gazette dated 02.07.2024 and numbered 32590.
- The Communiqué (No: 2024/6) on Import Quota and Tariff Quota Administration was published in the Official Gazette dated 03.07.2024 and numbered 32591. This Communiqué enters into force on the date of its publication, effective as of 15.06.2024.
- The Regulation Amending the Regulation on the Implementation of the Law on Private Security Services entered into force through publication in the Official Gazette dated 05.07.2024 and numbered 32593.
- The Law No. 7519 on the Amendment of the Turkish Civil Aviation Law and Certain Laws and Decree Law No. 655 entered into force through publication in the Official Gazette dated 09.07.2024 and numbered 32597.
- The Regulation on the Procedures and Principles Regarding the Transfer of Personal Data Abroad entered into force through publication in the Official Gazette dated 10.07.2024 and numbered 32598.
- The Communiqué (III-52.3.f) Amending the Communiqué (III-52.3) on Principles Regarding Real Estate Investment Funds entered into force through publication in the Official Gazette dated 17.07.2024 and numbered 32604.
- The Communiqué (No. 2024/17) Amending the Communiqué (No. 2022/7) on the Deposit and Participation System for Residents Abroad (YUVAM) Account entered into force through publication in the Official Gazette dated 20.07.2024 and numbered 32607.
- The Communiqué (No: 2024/18) Amending the Communiqué on Reserve Requirements (No: 2013/15) entered into force through publication in the Official Gazette dated 20.07.2024 and numbered 32607.
Mergers and Acquisitions
- The Competition Board (Board) has decided that the acquisition of Quinag Acquisition (FDI) Limited through Hulk Asia Holdings II Pte. Ltd, a special purpose company whose entire issued share capital is indirectly and wholly owned by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc. resulting in the indirect acquisition of control by KKR & Co. Inc. Ltd. is not subject to authorization. (27.06.2024, 24-27/654-BD)
- The Board authorized the acquisition of all shares of Immedica Pharma Holding AB through Poseidon Bidco AB, a special purpose vehicle, indirectly owned by KKR & Co and various subsidiaries of the funds, vehicles and/or accounts managed and advised by KKR & Co and ultimately KKR & Co and Impilo AB establishing indirect joint control over Immedica Pharma Holding AB. (27.06.2024, 24-27/648-268)
- The Board authorized the creation of two vertically integrated joint venture companies (NewCo) by Suez RV France S.A., Eramet S.A. and The Future Is Neutral S.A.S., aiming to create a recycling solution for end-of-life lithium-ion batteries for electric vehicles. (27.06.2024, 24-27/641-266)
- The Board authorized the acquisition of all shares of ADN İstanbul Turizm A.Ş., operating in the field of travel agency, and Assos Tourism L.L.C., established to operate in Dubai, by Go Global Travel Ltd. also operating in the field of travel agency, following the transfer of Adonis Technologies, defined as “source code” developed by Adonis İstanbul Turizm ve Havacılık A.Ş. under the sole control of Tamer ÇİÇEK, to ADN İstanbul Turizm A.Ş. (04.07.2024, 24-28/684-285)
- The Board authorized the indirect acquisition of the joint control of Avez Elektronik İletişim Eğitim Danışmanlığı Ticaret A.Ş., which is under the sole control of Gürsoy Family, by Turkey Growth Fund IV L.P. (04.07.2024, 24-28/676-280)
- The Board authorized the acquisition of sole control of ICT Bulut Bilişim A.Ş., in which Hacı Ömer Sabancı Holding A.Ş. already has indirect joint control, through DX Technology Services and Investment B.V. (04.07.2024, 24-28/675-279)
- The Board authorized the establishment of joint control by Mia Teknoloji A.Ş., Ali Gökhan BELTEKİN and İhsan ÜNAL over Vitalis Teknoloji A.Ş., which is solely controlled by Suphi İsa PERİLİOĞLU. (04.07.2024, 24-28/674-278)
- The Board authorized the acquisition of shares of Kuantum Siber Güvenlik Yazılım İnternet Bilişim Sistemleri ve Danışmanlık Hizmetleri Sanayi Ticaret A.Ş. by İhlas Girişim Sermayesi Yatırım Ortaklığı AŞ through a capital increase and the transfer of Kuantum Siber Güvenlik Yazılım İnternet Bilişim Sistemleri ve Danışmanlık Hizmetleri Sanayi Ticaret AŞ to the joint control of İhlas Girişim Sermayesi Yatırım Ortaklığı A.Ş. and Tuncay KARAMAN. (04.07.2024, 24-28/672-277)
- The Board authorized the acquisition of certain shares of Birevim Tasarruf Finansman A.Ş. by Katılımevim Tasarruf Finansman A.Ş. (04.07.2024, 24-28/669-275)
- The Board authorized the acquisition of the sole control of Single Use Support GmbH by Novo Holdings A/S. (04.07.2024, 24-28/667-274)
- The Board authorized the acquisition of certain assets of Acorda Therapeutics Inc. by Merz Pharma GmbH & Co. KGaA through Merz Pharmaceuticals, LLC. (04.07.2024, 24-28/665-273)
Energy
- The decisions of the Energy Market Regulatory Authority (EMRA) dated 27.06.2024 and numbered 12703, 12704, 12705, 12706, 12707, 12708, 12709, 12712, 12713, 12716, 12717, 12718, 12719 were published in the Official Gazette dated 29.06.2024 and numbered 32587. Decisions enter into force on different dates.
- The decision of EMRA dated 04.07.2024 and numbered 12730 entered into force through publication in the Official Gazette dated 06.07.2024 and numbered 32594.
- The decisions of EMRA dated 11.07.2024 and numbered 12740, 12741, 12742, 12743 entered into force through publication in the Official Gazette dated 12.07.2024 and numbered 32600.
- The decision of EMRA dated 18.07.2024 and numbered 12754 was published in the Official Gazette dated 20.07.2024 and numbered 32607. The Decision enters into force through publication, effective as of 01.08.2024.
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Other Contents
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