Recent Keynotes of June 2020
International Agreements
- The Resolution on the Approval of Transit and Transportation Cooperation Agreement (Lapis Lazuli Route Agreement) dated 27.05.2020 and numbered 2578 was published in the Official Gazette dated 28.05.2020 and numbered 31138.
- The Resolution on the Approval of the Agreement on the Enhancement of Trade between the Government of Turkish Republic and the Government of Bolivarian Republic of Venezuela dated 31.05.2020 and numbered 2585 was published in the Official Gazette dated 01.06.2020 and numbered 31142 (bis 1).
- The Resolution on the Approval of the Agreement on Economic and Financial Cooperation in 2020 between the Government of Turkish Republic and the Government of Turkish Republic of Norther Cyprus dated 02.06.2020 and numbered 2599 was published in the Official Gazette dated 03.06.2020 and numbered 31144.
- The Resolution on the Approval of the Agreement on Grants in Health between the Government of Turkish Republic and the Government of Republic of Guinea dated 08.06.2020 and numbered 2643 was published in the Official Gazette dated 09.06.2020 and numbered 31150.
- The Resolution on the Approval of the Agreement on Grants in Health between the Government of Turkish Republic and the Government of the Islamic Republic of Afghanistan dated 08.06.2020 and numbered 2644 was published in the Official Gazette dated 09.06.2020 and numbered 31150.
- The Resolution on the Approval of the Agreement on Grants in Health between the Government of Turkish Republic and the Government of Republic of Niger dated 16.06.2020 and numbered 2657 was published in the Official Gazette dated 17.06.2020 and numbered 31158.
- The Resolution on the Approval of the Agreement on Grants in Health between the Government of Turkish Republic and the Government of Republic of Chad dated 16.06.2020 and numbered 2658 was published in the Official Gazette dated 17.06.2020 and numbered 31158.
Resolutions of the President
- The Resolution of the President dated 23.05.2020 and numbered 2568 on Amendment of the Council of Ministers Annex Resolution dated 28.8.1998 and numbered 98/11591 on Determining the Banking and Insurance Transactions Tax Rate Under Article 33 of the Income Tax Law Dated 13.7.1956 and Numbered 6802 was published in the Official Gazette dated 24.05.2020 and numbered 31136.
- The Resolution of the President dated 23.05.2020 and numbered 2569 on Stoppage Rates under Provisionary Article 67 of Income Tax Law Numbered 193 was published in the Official Gazette dated 24.05.2020 and numbered 31136.
- The Resolution of the President dated 26.05.2020 and numbered 2573 on Supporting Digital Activities when Entering the Market was published in the Official Gazette dated 27.05.2020 and numbered 31137.
- The Resolution of the President dated 26.05.2020 and numbered 2572 on Supporting Processed Sea Products was published in the Official Gazette dated 27.05.2020 and numbered 31137.
- The Resolution of the President dated 02.06.2020 and numbered 2604 on Stoppage Rates under Provisionary Article 67 of Income Tax Law Numbered 193 was published in the Official Gazette dated 03.06.2020 and numbered 31144.
- The Resolution of the President dated 08.06.2020 and numbered 2641 on Supporting the Digital Activities when Entering the Markets Generating Foreign Currency was published in the Official Gazette dated 09.06.2020 and numbered 31150.
Legislation
- The General Communiqué on Income Tax (Serial No: 311) entered into force through publication in the Official Gazette dated 27.05.2020 and numbered 31137.
- The Communiqué (Serial No: 312) on the Amendment of the General Communiqué (Serial No: 301) on Income Tax was published in the Official Gazette dated 27.05.2020 and numbered 31137. The Communiqué entered into force as of 01.01.2020.
- The Regulation on The Board of Assessing Unjust Prices entered into force through publication in the Official Gazette dated 28.05.2020 and numbered 31138.
- The Regulation on the Amendment of the Technical Regulation of Ships entered into force through publication in the Official Gazette dated 29.05.2020 and numbered 31139.
- The Presidential Circular on Normalization and Measures Against COVID-19 in Government Institutions and Agencies Numbered 2020/8 was published in the Official Gazette dated 29.05.2020 and numbered 31139 (bis 1).
- The Customs General Communiqué (Customs Transactions) (Serial No: 167) entered into force through publication in the Official Gazette dated 30.05.2020 and numbered 31140.
- The Communiqué (II-23.2.b) on the Amendment of the Communiqué (II-23.2) on Merger and Demerger entered into force through publication in the Official Gazette dated 30.05.2020 and numbered 31140.
- The Customs General Communiqué (Customs Transactions) (Serial No: 166) entered into force through publication in the Official Gazette dated 02.06.2020 and numbered 31143.
- The Regulation on the Amendment of the Interior Affairs Ministry’s Regulation on Auditors of the Associations entered into force through publication in the Official Gazette dated 04.06.2020 and numbered 31145.
- The Regulation on the Amendment of the Regulation on Highways Traffic entered into force through publication in the Official Gazette dated 05.06.2020 and numbered 31146.
- The Regulation on the Amendment of the Regulation on Business and Operation License entered into force through publication in the Official Gazette dated 09.06.2020 and numbered 31150.
- The Regulation on the Amendment of the Regulation on Principles and Procedures Regarding Live Animal Traders’ Working Principles and Auditing entered into force through publication in the Official Gazette dated 12.06.2020 and numbered 31153.
- The Communiqué Determining the Rate of Interest in Rediscount and Advance Transactions entered into force through publication in the Official Gazette dated 13.06.2020 and numbered 31154.
- The Communiqué (III-58.1.b) on the Amendment of the Communiqué (III-58.1) on Asset-Backed and Mortgage-Backed Securities entered into force through publication in the Official Gazette dated 13.06.2020 and numbered 31154.
- The Communiqué (VII-128.8.a) on the Amendment of the Communiqué (VII-128.8) on Debt Instruments entered into force through publication in the Official Gazette dated 13.06.2020 and numbered 31154.
- The Communiqué on the Amendment of the Communiqué on Health Applications of the Social Security Institution was published in the Official Gazette dated 13.06.2020 and numbered 31154 (bis). The provisions of this Communiqué enter into force in various dates.
- The Law on Markets and Borough Keepers numbered 7245 entered into force through publication in the Official Gazette dated 18.06.2020 and numbered 31159.
- The Regulation on the Amendment of the Regulation on Principles and Rules on Retail Trading entered into force through publication in the Official Gazette dated 18.06.2020 and numbered 31159.
- The Regulation on the Electricity Market Tariffs was published in the Official Gazette dated 19.06.2020 and numbered 31160. This Regulation enters into force on 01.01.2021.
- The Regulation on the Amendment of the Regulation on Bank Information Systems and E-Banking Services entered into force through publication in the Official Gazette dated 20.06.2020 and numbered 31161.
- The Regulation on the Amendment of the Regulation on Principles of Bank Information Systems entered into force through publication in the Official Gazette dated 20.06.2020 and numbered 31161.
- The Communiqué (No: 2020/13) on the Amendment of the Communiqué (No: 2013/15) on Mandatory Reserves was published in the Official Gazette dated 20.06.2020 and numbered 31161. This Communiqué entered into force as of 12.06.2020.
Competition Board Decisions
- The Competition Board (“Board”) decided to cancel the Board’s decision dated 30.05.2019 and numbered 19-20/291-126, which was amended by decision 07.11.2019 and numbered 19-38/563-232. The cancelled decision stated that BKM Express services shall not be granted an exemption pursuant to Article 5 of Law No. 4054; the previous exemption granted by the Board’s decision dated 23.09.2016 and numbered 16-31/525-236, pursuant to Article 13 of Law No. 4054; and the BKM Express services by Bankalararası Kart Merkezi A.Ş. shall terminate on 30 June 2020. (18.06.2020, 20-29/369-166)
Mergers & Acquisitions
- The Board authorized the acquisition of joint control of Linde Severstal LLC, which was solely controlled by Linde Aktiengesellschaft, by PAO Severstal. (21.05.2020, 20-25/320-151)
- The Board authorized the formation of a joint venture by Warner Bros Home Entertainment Inc., which is ultimately controlled by AT&T Inc., and by Universal City Studios Productions LLLP, which is ultimately controlled by Comcast Corporation. (21.05.2020, 20-25/324-152)
- The Board authorized the acquisition of the sole control of Bombardier Transportation, which corresponds to the global railway solutions department of Bombardier Inc., by Alstom S.A. (04.06.2020, 20-27/330-155)
- The Board authorized the acquisition of the sole control of Delphi Technologies Plc by BorgWarner Inc. (11.06.2020, 20-28/348-159)
- The Board authorized the acquisition of the sole control of Doktor Tarsa Tarım San. ve Tic. A.Ş. by Tasaco Tarım San. ve Tic. A.Ş. (11.06.2020, 20-28/351-160)
- The Board authorized the formation of a joint venture by Ube Industries Ltd. and Mitsubishi Chemical Holdings Corporation, via its wholly owned subsidiary, Mitsubishi Chemical Corporation. (11.06.2020, 20-28/354-161)
- The Board authorized the acquisition of the sole control of car textile branch of Adient Plc by Asahi Kasei Corporation via Sage Automotive Interiors, Inc. (11.06.2020, 20-28/362-162)
- The Board authorized the acquisition of the sole control of İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. by Intralot Iberia Holdings SAU. (18.6.2020, 20-29/365-164)
- The Board authorized the acquisition of Bozankaya Otomotiv Makina İmalat İthalat ve İhracat A.Ş.’s intellectual and industrial property rights regarding the technology of its electronic buses, which are between 10.5 and 25 meters in length (excluding certain issues), by Karsan Otomotiv Sanayi ve Ticaret A.Ş., pursuant to the Agreement on Technology Transfer and Intellectual and Industrial Right Acquisition that was signed between the mentioned companies on 20.05.2020. (18.06.2020, 20-29/368-165)
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