Recent Keynotes of March 2019
International Agreements
- The Resolution of the President dated 02.2019 and numbered 2019/771 on Approval of the Education and Cooperation Protocol Concerning the Field of Military Health Between the Government of Republic of Turkey and the Government of Azerbaijan was published in the Official Gazette dated 22.02.2019 and numbered 30694.
- The Resolution of the President dated 15.03.2019 and numbered 2019/838 on Approval of the Memorandum of Understanding Regarding the Establishment of the Common Customs Council between the Government of Republic of Turkey and the Government of Kirghiz Republic was published in the Official Gazette dated 16.03.2019 and numbered 30716.
Resolutions of the President
- The Resolution of the President dated 02.2019 and numbered 2019/798 on the Amendment to the Resolution on State Aid for Investments was published in the Official Gazette dated 28.02.2019 and numbered 30700.
- The Resolution of the President dated 13.03.2019 and numbered 2019/818 on the Coordination Board for Improving the Investment Environment was published in the Official Gazette dated 14.03.2019 and numbered 30714.
Legislation
- The Law on the Amendment to the Law on Social Services and Certain Laws was published in the Official Gazette dated 22.02.2019 and numbered 30694. Different provisions of this Law enter into force on different dates.
- The Regulation on the Amendment to the Regulation on Banks' Credit Transactions entered into force through publication in the Official Gazette dated 26.02.2019 and numbered 30698.
- The Regulation on the Amendment to the Regulation on Establishment and Operation Principles Of Financial Leasing, Factoring and Financing Companies entered into force through publication in the Official Gazette dated 26.02.2019 and numbered 30698.
- The Law on the Amendment to the Mining Law and Certain Laws and Statutory Decree was published in the Official Gazette dated 28.02.2019 and numbered 30700. Different provisions of this Law enter into force on different dates.
- The Law on the Amendment to the Code of Criminal Procedure and Certain Laws entered into force through publication in the Official Gazette dated 28.02.2019 and numbered 30700.
- The Regulation on Principles and Procedures for Production, Labeling and Audit of Tobacco Products entered into force through publication in the Official Gazette dated 01.03.2019 and numbered 30701.
- The Regulation on Principles and Procedures for Coordination and Execution of Debt and Risk Management entered into force through publication in the Official Gazette dated 09.03.2019 and numbered 30709.
- The Communiqué on International Arbitration Fee Tariff entered into force through publication in the Official Gazette dated 14.03.2019 and numbered 30714.
- The General Communiqué on Income Tax (Serial No: 306) entered into force through publication in the Official Gazette dated 15.03.2019 and numbered 30715.
- The Communique (Serial No: 307) on the Amendment to the General Communiqué on Income Tax (Serial No: 301) entered into force through publication in the Official Gazette dated 15.03.2019 and numbered 30715.
- The Regulation on the Amendment to the Regulation for Implementation of Electronic Tenders was published in the Official Gazette dated 16.03.2019 and numbered 30716. Different provisions of this Regulation enter into force on different dates.
- The Communique on the Amendment to the General Communiqué on Public Procurement was published in the Official Gazette dated 16.03.2019 and numbered 30716. Different provisions of this Communique enter into force on different dates.
- The Communique on Prevention of Unfair Competition in Imports (No: 2019/9) entered into force through publication in the Official Gazette dated 19.03.2019 and numbered 30719.
Competition Board Decisions
- The Competition Board (“Board”) granted individual exemption to the Framework Agreement and supplemental agreements to be signed between Allianz Sigorta A.Ş. and Bereket Sigorta A.Ş. due to the fact that they met all of the conditions stated in the first paragraph of Article 5 of Law No. 4054. (21.02.2019, 19-08/100-40)
Mergers and Acquisitions
- The Board decided that the acquisition of the sole control of Hanwha Kalyon Güneş Teknolojileri Üretim A.Ş. and Hanwha Kalyon Güneş Enerjisi Üretim A.Ş. by Kalyon Enerji Yatırımları A.Ş. is not subject to authorization. (21.02.2019, 19-08/103-BD)
- The Board authorized the acquisition of certain real estate, machines and equipment of Başyazıcıoğlu Tekstil San. ve Tic. A.Ş. by Texhong Textile Turkey Tekstil Ltd. Şti. (21.02.2019, 19-08/102-42)
- The Board authorized the acquisition of the sole control of Travelport Worldwide Limited by Siris Cayman Fund IV, which is a subsidiary fund of Siris Capital Group, LLC, via its subsidiary company, Toro Private Holdings III, Ltd. (21.02.2019, 19-08/101-41)
- The Board authorized the establishment of a joint venture by j-fiber GmbH and Aberdare Holding Europe B.V. (21.02.2019, 19-08/93-38)
- The Board authorized the acquisition of the sole control of IXM B.V. by China Molybdenum Co. Ltd. via its subsidiary CMOC Limited, which is wholly owned by China Molybdenum Co. Ltd. (21.02.2019, 19-08/92-37)
- The Board authorized the acquisition of “Grand Azur” trademark and D-Resort Grand Azur Hotel, and the building used for the lodging portion of this, hotel together with its fixed assets, by TT Hotels Turkey Otel Hizmetleri Turizm ve Ticaret A.Ş. under the control of TUI Travel Overseas Holdings Limited. (28.02.2019, 19-10/122-52)
- The Board authorized the transfer of Côte d’Ivoire Terminal under the sole control of APM Terminals B.V. to the joint control of APM Terminals B.V. and Bolloré Africa Logistics. (28.02.2019, 19-10/120-51)
- The Board authorized the acquisition of the sole control of Magneti Marelli S.p.A. and its certain privities and subsidiary companies by CK Holdings Co., Ltd., which is under the control of KKR & Co. Inc. (28.02.2019, 19-10/119-50)
- The Board authorized the acquisition of the sole control of Ekol Lojistik A.Ş. by Ahmet MUSUL. (28.02.2019, 19-10/118-49)
- The Board authorized the acquisition of the sole control of Mastercard Payment Transaction Services Turkey Bilişim Hizmetleri A.Ş. by Kartek Holding A.Ş. (28.02.2019, 19-10/117-48)
- The Board authorized the acquisition of certain shares of Kartek Holding A.Ş. by MTS Teknoloji Yatırımları A.Ş., incorporated under MT Holding A.Ş. (28.02.2019, 19-10/116-47)
- The Board authorized the acquisition of the sole control of Tat Nişasta İnş. San. Tic. A.Ş. under the joint control of Tosmur and Tezcan Families by the Tezcan Family. (28.02.2019, 19-10/114-45)
- The Board authorized the acquisition of the sole control of Ulusoy Elektrik İmalat Taahhüt ve Ticaret A.Ş. by Eaton Capital Unlimited Company. (28.02.2019, 19-10/111-44)
- The Board authorized the acquisition of the INVISTA Resins & Fibers GmbH shares by Indorama Ventures Pcl via its subsidiary company, Indorama Netherlands B.V. (28.02.2019, 19-10/110-43)
- The Board authorized the acquisition of certain proportion of the shares of Peker Yüzey Tasarımları Sanayi ve Ticaret A.Ş. under the joint control of Hande PEKER KUYUMCU and Magnesia S.a.r.l. by Lotte Advanced Materials Co., Ltd. (07.03.2019, 19-11/131-58)
- The Board authorized the acquisition of the business line of the corrugated cardboard box production operated by Norm Ambalaj San. ve Tic. A.Ş. via sale of assets by Saica Pack Turkey Ambalaj San. A.Ş. (07.03.2019, 19-11/127-55)
- The Board authorized the acquisition of the joint control of ELG Carbon Fibre Limited by Mitsubishi Corporation. (07.03.2019, 19-11/130-57)
- The Board decided that the transaction of the merger of KÇS Kahramanmaraş Çimento Beton Sanayi ve Madencilik İşletmeleri A.Ş. and Kiper Elektrik A.Ş. and Ken Kipaş Elektrik Üretim A.Ş., which have recently been incorporated under the same economic integration, is not within this scope. (13.03.2019, 19-12/152-BD)
- The Board decided that the transfer of the tea packaging machines that belong to Enfesler Gıda Pazarlama A.Ş. to Vega Gıda Sanayi A.Ş. is not subjected to authorization. (13.03.2019, 19-12/150-BD)
- The Board authorized the acquisition of the real estate and other supplements and whole shares of Arena Otel Lokanta ve Eğlence Yerleri İşl. ve Tur. Yatırımları A.Ş. run by Hyatt International LLC under the name of “Park Hyatt,” and which are within the activities of Arena Otel Lokanta ve Eğlence Yerleri İşl. ve Tur. Yatırımları A.Ş., under the control of Doğuş Holding A.Ş. by Nusret Turizm Yatırım A.Ş. (13.03.2019, 19-12/151-69)
- The Board authorized the establishment of a joint venture by Thyssenkrupp AG and Tata Steel Limited, by combining their flat carbon steel activities in Europe. (13.03.2019, 19-12/144-65)
- The Board authorized the acquisition of certain assets regarding the sales of the Citroen vehicles of Baylas Otomotiv A.Ş., and the services provided for these vehicles, by Groupe PSA Otomotiv Pazarlama A.Ş. (13.03.2019, 19-12/143-64)
- The Board authorized the acquisition of the sole control of Coty Inc. by JAB Cosmetics B.V., which is the indirect subsidiary of JAB Holding Company S.a.r.l. through Cottage Holdco B.V. (13.03.2019, 19-12/140-63)
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