Recent Keynotes of May 2017
International Agreements
- The Resolution of the Council of Ministers dated 27.02.2017 and numbered 2017/9994 on the Ratification of the Reciprocal Trade Encouragement System Agreement Between Republic of Turkey and the Republic of Belarus was published in the Official Gazette dated 11.05.2017 and numbered 30063.
Legislation
- The Communiqué on Prevention Measures in Importation (Communiqué No: 2017/2, 2017/3, 2017/4, 2017/5) entered into force through publication in the Official Gazette dated 22.04.2017 and numbered 30046.
- The Regulation on the Application of Industrial Property Law entered into force through publication in the Official Gazette dated 24.04.2017 and numbered 30047.
- The Communiqué (Communiqué No: 2017/5) on the Amendment to the Communiqué on Payments to be made by Joint-Stock and Limited Liability Companies in accordance with Law numbered 4054 entered into force through publication in the Official Gazette dated 25.04.2017 and numbered 30048.
- The List of Incentive Certificates of March, 2017 entered into force through publication in the Official Gazette dated 29.04.2017 and numbered 30052.
- The List of Canceled Incentive Certificates of March, 2017 entered into force through publication in the Official Gazette dated 29.04.2017 and numbered 30052.
- The Decree Law on Taking Precautions Regarding the State of Emergency entered into force through publication in the Official Gazette dated 29.04.2017 and numbered 30052 (bis).
- The Decree Law on Making Adjustments Regarding the State of Emergency entered into force through publication in the Official Gazette dated 29.04.2017 and numbered 30052 (bis).
- The Communiqué on the Amendment to the Common Practice Communiqué on Value Added Tax entered into force through publication in the Official Gazette dated 05.05.2017 and numbered 30057.
- The Communiqué on the Prevention of Unfair Competition in Importation (Communiqué No: 2017/13, 2017/14) entered into force through publication in the Official Gazette dated 12.05.2017 and numbered 30064.
- The Communiqué on the Prevention of Unfair Competition in Importation (Communiqué No: 2017/11, 2017/12) entered into force through publication in the Official Gazette dated 14.05.2017 and numbered 30066.
- The Communiqué on Exemption of Taxes, Duties and Charges in Exportation, Transit Trade, Sales and Deliveries Considered as Exportation and Foreign Currency Increasing Services and Actions (Exportation: 2017/4) entered into force as of 001.2018for Article 18/5, and through publication in the Official Gazette dated 18.05.2017 and numbered 30070 for the remaining articles.
- The General Communiqué on the Application of the Exemption of Tax, Duties and Charges in Exportation and Other Foreign Currency Increasing Activities was published in the Official Gazette dated 18.05.2017 and numbered 30070. This Communiqué entered into force on 09.08.2016.
Competition Board Decisions
- The Competition Board (“Board”) granted individual exemption to the association of undertakings decision regarding carrying out the activities within the scope of “Waste Management Strategies of Worn Tires and Application Plan 2016-2020” prepared by Tire Industrialists Association. (27.04.2017, 17-14/196-82)
Mergers and Acquisitions
- The Board authorized the acquisition of the sole control of Chryso Group Holding SAS and Financière Chrysalis by Starcin France SAS, which is a subsidiary of Cinven Capital Management (VI) General Partner Limited. (27.04.2017, 17-14/191-77)
- The Board authorized the acquisition of the Diversey Care line of work that is owned by Sealed Air Corporation for food hygiene and cleaning by Bain Capital Investors, LLC through managed funds. (27.04.2017, 17-14/192-78)
- The Board authorized the acquisition of a certain number of shares of Saudi Petrochemical Company by Saudi Basic Industries Corporation. (27.04.2017, 17-14/193-79)
- The Board authorized the acquisition of the sole control of lines of work of circulating fluidized bed type boilers of Amec Foster Wheeler Plc, FW Energie B.V. within this scope, and subsidiaries in this sector by Sumitomo Heavy Industries Ltd. (27.04.2017, 17-14/194-80)
- The Board authorized the acquisition of a certain number of shares of May-Agro Tohumculuk Sanayi ve Ticaret A.Ş. by Zaad Holdings Limited. (04.05.2017, 17-15/209-88)
- The Board authorized the acquisition of all of the shares and assets of Hamburg Südamerikanische Dampfschifffahrts- Gesellschaft KG by Maersk Line A/S. (04.05.2017, 17-15/210-89)
- The Board decided that the acquisition of the sole control of Tozmetal Ticaret ve Sanayi A.Ş. by GKN plc through GKN Industries Limited is not subject to authorization. (04.05.2017, 17-15/213-BD)
- The Board authorized the acquisition of Yarımca LPG Filling and Storage Facility that is owned by Pet Gaz A.Ş., and various assets within this facility, with all of their rights, obligations and responsibilities attached thereto by Yeniyurt Petrol Terminal A.Ş. (15.05.2017, 17-16/221-91)
- The Board authorized the establishment of a joint venture company titled Limited Liability Company Linde Power Machines between Linde AG and PJSC Power Machines. (15.05.2017, 17-16/222-92)
- The Board authorized the acquisition of 19 lease agreements regarding 19 stores of Tekin Acar Büyük Mağazacılık Ticaret A.Ş. with various of the employees, a limited number of fixed equipment, and fixtures that are necessary for the operation of stores by Sephora Kozmetik A.Ş. (15.05.2017, 17-16/227-94)
- The Board authorized the acquisition of l. du Pont de Nemours and Company with several insecticide and herbicide activities and product protection research-development activities, and a license that grants exclusive authority for the supply of a fungicide active component by FMC Corporation. (15.05.2017, 17-16/228-95)
- The Board authorized the acquisition of the sole control of CWT Limited by HNA Holding Group Co. Limited. (15.05.2017, 17-16/230-96)
- The Board granted individual exemption to the “Agency Agreement” between Avivasa Emeklilik ve Hayat A.Ş. and Odea Bank A.Ş. (15.05.2017, 17-16/231-97)
Energy
- The Energy Market Regulatory Authority (“EMRA”), published the Market Sector Reports of February, 2017 on 28.04.2017.
- The Regulation on the Amendment to the Regulation on the Service Quality of the Electricity Distribution and Retail Sales entered into force through publication in the Official Gazette dated 11.05.2017 and numbered 30063.
- The Regulation on the Amendment to the Regulation on the Documentation and Support of the Renewable Energy Resources entered into force as of 01.06.2017 for Article 4 and Article 5, and through publication in the Official Gazette dated 11.05.2017 and numbered 30063 for the remaining articles.
- The Tender Regulation on Pre-license Applications for Wind or Solar Energy Generation Facilities entered into force through publication in the Official Gazette dated 13.05.2017 and numbered 30065.
- The Regulation on the Amendment to the Regulation on the Unlicensed Electricity Generation in Electricity Market entered into force through publication in the Official Gazette dated 15.05.2017 and numbered 30067.
- The Communiqué on the Amendment to the Communiqué on the Application of the Regulation on the Unlicensed Electricity Generation in Electricity Market entered into force through publication in the Official Gazette dated 15.05.2017 and numbered 30067.
- The Regulation on the Amendment to the Regulation Pertaining to the Electricity Market Balancing and Reconciliation entered into force through publication in the Official Gazette dated 16.05.2017 and numbered 30068.
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