Recent Keynotes of September 2021
International Agreements
- The Resolution of the President dated 24.08.2021 and numbered 4417 on the Approval of the Memorandum of Understanding on Cooperation in the Field of Digital Trade Between the Government of the Republic of Turkey and the Government of the Republic of Azerbaijan was published in the Official Gazette dated 25.08.2021 and numbered 31579.
- The Resolution of the President dated 30.08.2021 and numbered 4421 on the Approval of the Protocol of the Sixth Term Meeting of the Turkey-Uzbekistan Intergovernmental Joint Economic Commission was published in the Official Gazette dated 31.08.2021 and numbered 31584.
- The Resolution of the President dated 06.09.2021 and numbered 4476 on the Approval of the Protocol on the Promotion of Trade and Economic Cooperation Between the Government of the Republic of Turkey and the Government of Turkish Republic of Northern Cyprus was published in the Official Gazette dated 07.09.2021 and numbered 31591.
- The Resolution of the President dated 10.09.2021 and numbered 4497 on the Approval of the Protocol of the Joint Committee Meeting on Road Transport Between the Republic of Turkey and the Republic of Kosovo was published in the Official Gazette dated 11.09.2021 and numbered 31595.
Resolutions of the President
- The Resolution of the President dated 26.08.2021 and numbered 4420 on the Extension of the Application and First Installment Payment Periods in Law No. 7326 on Restructuring of Certain Receivables and Amending Certain Laws entered into force through publication in the Official Gazette dated 27.08.2021 and numbered 31581.
- The Resolution of the President dated 03.09.2021 and numbered 4454 on the Stoppage Rates in Provisional Article 67 of Income Tax Law No. 193 entered into force through publication in the Official Gazette dated 04.09.2021 and numbered 31588.
- The Resolution of the President dated 05.09.2021 and numbered 4474 on the Approval of Medium-Term Program (2022-2024) was published in the Official Gazette 09.2021 and numbered 31589 (bis).
- The Resolution of the President dated 07.09.2021 and numbered 4480 on the Amendment to the Resolution of the Import Regime entered into force through publication in the Official Gazette dated 08.09.2021 and numbered 31592.
- The Resolution of the President dated 07.09.2021 and numbered 4481 on the Amendment of the Resolution of the Import Regime entered into force through publication in the Official Gazette dated 08.09.2021 and numbered 31592.
- The Resolution of the President dated 07.09.2021 and numbered 4482 on Establishment of the West Anatolia Free Zone entered into force through publication in the Official Gazette dated 08.09.2021 and numbered 31592.
Legislation
- The Circular (No: 2021/8) on the Amendment to Decree No. 32 on the Protection of the Value of the Turkish Currency and the Central Bank of the Republic of Turkey Circular No. 1-M on the Communiqué No. 2008-32/34 of the Ministry of Treasury and Finance entered into force through publication in the Official Gazette dated 20.08.2021 and numbered 31574.
- The Communiqué (Serial No: 37) on the Amendment to the Value Added Tax General Application Communiqué entered into force through publication in the Official Gazette dated 20.08.2021 and numbered 31574.
- The Communiqué (No: 2021/7) on the Administration of Quotas and Tariff Quotas in Imports entered into force through publication in the Official Gazette dated 20.08.2021 and numbered 31574.
- The Communiqué (No: 2021/8) on the Administration of Quotas and Tariff Quotas in Imports entered into force through publication in the Official Gazette dated 20.08.2021 and numbered 31574.
- The Communiqué (Product Safety and Inspection: 2021/35) on the Amendment to the Communiqué on the Import Inspection of Some Products that are Required to Carry the “CE” Mark (Product Safety and Inspection: 2021/9) was published in Official Gazette dated 20.08.2021 and numbered 31574. The provisions of this Communiqué enter into force on different dates.
- The Communiqué (No: 2021/6) on the Safeguarding Measures in Imports entered into force through publication in the Official Gazette dated 24.08.2021 and numbered 31578.
- The Regulation on the Amendment to the Investor Compensation Center Regulation entered into force through publication in the Official Gazette dated 26.08.2021 and numbered 31580.
- The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Compensation of Investors and Progressive Liquidation entered into force through publication in the Official Gazette dated 26.08.2021 and numbered 31580.
- The Communiqué (No: 2021/41) on the Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 26.08.2021 and numbered 31580.
- The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Collection of Universal Service Revenues and Expense Records entered into force through publication in the Official Gazette dated 01.09.2021 and numbered 31585.
- The Real Estate Tax Law General Communiqué (Serial No: 79) entered into force through publication in the Official Gazette dated 01.09.2021 and numbered 31585.
- The Regulation on the Amendment to the Regulation on the Sale of Refurbished Products entered into force through publication in the Official Gazette dated 02.09.2021 and numbered 31586.
- The Tax Procedure Law General Communiqué (Sequence No: 531) was published in the Official Gazette dated 02.09.2021 and numbered 31586. The provisions of this Communiqué enter into force on different dates.
- The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Production and Trade of Tobacco Products entered into force through publication in the Official Gazette dated 04.09.2021 and numbered 31588.
- The Communiqué (Serial No: 406) on the Amendment to the General Communiqué on the National Real Estate (Serial No: 323) entered into force through publication in the Official Gazette dated 04.09.2021 and numbered 31588.
- The Communiqué (Export 2021/7) on the Amendment to the Communiqué on the Goods whose Export is Subject to Registration (Communiqué No: Export 2006/7) entered into force through publication in the Official Gazette dated 04.09.2021 and numbered 31588.
- The Communiqué (No: 2021/43) on the Prevention of Unfair Competition in Imports entered into force through publication in Official Gazette dated 04.09.2021 and numbered 31588.
- The Communiqué (No: 2021/44) on the Prevention of Unfair Competition in Imports was published in the Official Gazette dated 08.09.2021 and numbered 31592. This Communiqué enters into force on 23.09.2021.
- The Communiqué (No:2021/42) on the Prevention of Unfair Competition in Imports entered into force through publication in the Official Gazette dated 10.09.2021 and numbered 31594.
- The Communiqué (No: 2021/9) was on the Administration of Quotas and Tariff Quotas in Imports published in the Official Gazette dated 11.09.2021 and numbered 31595. This Communiqué enters into force on 23.09.2021.
- The Communiqué (No: 2021/9) on the Amendment to the Communiqué on Required Reserves (No: 2013/15) was published in the Official Gazette dated 15.09.2021 and numbered 31599. This Communiqué enters into force on 17.09.2021.
- The Communiqué on the Amendment to the Communiqué on the Registration of Devices Holding Electronic Identity Information entered into force through publication in the Official Gazette dated 15.09.2021 and numbered 31599.
Competition Board Decisions
- The Competition Board (“The Board”) granted individual exemption to the Kuaförümden Profesyonel Kozmetik Ürünleri Satış ve Pazarlama Profesyonel Kozmetik Ürünleri Satış ve Pazarlama A.Ş.’s business model for selling cosmetic products on its “www.kuaforumden.com” website. (16.9.2021, 21-43/638-317)
Mergers and Acquisitions
- The Board decided that the acquisition of the sole control of Pamukspor Spor ve Turizm Hizm. San. ve Tic. A.Ş. by Birikim Varlık Yönetim A.Ş. . (26.8.2021, 21-40/587-BD)
- The Board decided that the transaction of the merger through the transfer of Kapital Gayrimenkul Yatırımı Geliştirme ve İşletmecilik A.Ş and KFR Gayrimenkul Yatırımı A.Ş. is not within in its scope. (26.8.2021, 21-40/586-BD)
- The Board decided that the acquisition of the assets of Forgerhero Yazılım Ticaret Ltd. Şti. and ByteTyper OÜ by Zygna Inc. through Rollic Games Oyun Yazılım ve Pazarlama A.Ş. . (26.8.2021, 21-40/585-BD)
- The Board authorized the acquisition of the joint control of Cloudera Inc. by Clayton, Dubilier & Rice, LLC and KKR & Co. Inc. (26.8.2021, 21-40/592-288)
- The Board authorized the acquisition of the sole control of DexKo Global Holdings Inc. by Brookfield Asset Management Inc. through BCP Dornoch Parent Inc. (26.8.2021, 21-40/583-284)
- The Board authorized the establishment of joint control by Oğuzhan Sahinkaya and Bünyamin Sarıoğlu over Hisarlar Makine Sanayi ve Ticaret A.Ş. through the acquisition of shares. (26.8.2021, 21-40/582-283)
- The Board authorized the establishment of a joint venture company named Alfawall Oceanbird AB by Alfa Laval Corporate AB and Walleniusrederierna AB. (26.8.2021, 21-40/579-281)
- The Board authorized the acquisition of the sole control of TenCate Grass Holding B.V. by Crestview Advisors L.L.C. through TCG Acquisition Co 2 BV. (26.8.2021, 21-40/575-278)
- The Board authorized the indirect acquisition of Colorants Solutions USA LCC,Colorants International AG and its subsidiaries, and Heubach Holding GmbH and its subsidiaries by SK Capital Partners, L.P. (26.8.2021, 21-40/574-277)
- The Board decided that the acquisition of the sole control of Çelebi Enerji Elektrik Üretim A.Ş., Didem Enerji Elektrik Üretim A.Ş., Gülay Enerji Elektrik Üretim A.Ş., Kainat Enerji Elektrik Üretim A.Ş., Muzaffer Mangır Enerji Elektrik Üretim A.Ş. and Selim Enerji Elektrik Üretim A.Ş., and the acquisition of the real estate on which the operations of Yenifoça GES and Süleymanlı GES, which are operated by the above-mentioned companies through Aldo Enerji Sanayi ve Ticaret A.Ş. . (2.9.2021, 21-41/607-BD)
- The Board authorized the acquisition of the sole control of CAI International Inc. by Mitsubishi HC Capital Inc. (2.9.2021, 21-41/604-296)
- The Board authorized the acquisition of the joint control of Bejing Zhendong Langdi Pharmaceutical Co. Ltd and its subsidiaries by Canada Pension Plan Investment Board and FountainVest Capital Partners GP4 Ltd. (2.9.2021, 21-41/602-295)
- The Board authorized the acquisition of the sole control of OHT ASA by Subsea 7 S.A. in exchange for the transfer of Subsea 7 S.A.’s Offshore Fixed Renewable Wind Energy Branch to OHT ASA. (2.9.2021, 21-41/600-293)
- The Board authorized the acquisition of the sole control of Boras Enerji Sanayi ve Ticaret A.Ş. by Japan Energy Capital 1 LP through JEC Renewable Energy Private Venture Capital Investment Fund. (2.9.2021, 21-41/599-292)
- The Board authorized the acquisition of the joint control of Etiya Bilgi Teknolojileri Yazılım Sanayi ve Ticaret A.Ş. by 9433-4786 Québec Inc. (2.9.2021, 21-41/596-291)
- The Board decided that the indirect acquisition of the joint control of Antin Amedes Holdco GmbH by OMERS Infrastructure European Holdings 2 B.V. and The Goldman Sachs Group, Inc. . (9.9.2021, 21-42/625-BD)
- The Board authorized the acquisition of the sole control of Solenis UK International Limited by Platinum Equity Group. (9.9.2021, 21-42/623-307)
- The Board authorized the establishment of a new joint venture that will only operate in France by STUDI, a %100 subsidiary of Galileo Global Education, which is jointly controlled by CPP Investment Board and TETHYS SAS, and M6 Métropole Télévision, which is under the sole control of the BERTELSMANN Group. (9.9.2021, 21-42/620-306)
- The Board authorized the acquisition of all shares of Starcin Topco S.a.r.l, Starcin Invest S.C.A and Starcin GP Invest S.a.r.l by Compagnie de Saint-Gobain SA from Starcin Luxembourg S.a.r.l and other persons. (9.9.2021, 21-42/615-302)
- The Board authorized the acquisition of some assets regarding sales activities with all rights and obligations of 3-S Mühendislik Müşavirlik Sanayi ve Ticaret A.Ş. by Houghton Kimya Sanayi A.Ş. (9.9.2021, 21-42/613-300)
- The Board authorized the acquisition of the sole control of Recticel NV/SA by Greiner AG. (9.9.2021, 21-42/612-299)
- The Board decided that the acquisition of the sole control of Çözüm Tasarruf Organizasyon Pazarlama ve Tic. A.Ş. by Birevim Tasarruf Gayrimenkul Otomotiv Organizasyon Pazarlama ve Tic. A.Ş. . (16.9.2021, 21-43/635-BD)
- The Board authorized the acquisition of the sole control of Assan Gıda Sanayi ve Ticaret A.Ş. and therefore its subsidiary Ege Assan Gıda Pazarlama Sanayi ve Ticaret A.Ş.by. The Kraft Heinz Company through Kraft Heinz NoMa B.V. (16.9.2021, 21-43/639-318)
- The Board authorized the acquisition of the joint control of Akinon İnternet Yatırım ve Proje Geliştirme A.Ş. by Actera Partners III L.P., Revo Capital Fund II B.V. and Smartfin Capital II . (16.9.2021, 21-43/636-316)
- The Board authorized the acquisition of %40 of the shares of Catalyst Group N.V., the Holding Company of TVH Parts Holding N.V, by D’Ieteren Group SA/N.V. from Quva S.à.r.l. (16.9.2021, 21-43/634-315)
- The Board authorized the acquisition of the sole control of Reno De Medici S.p.A. by Apollo Management L.P. through Rimini Bidco S.r.l. (16.9.2021, 21-43/633-314)
- The Board authorized the acquisition of the joint control of Adient Turkey Seating Otomotiv Ltd. Şti by Adient Plc and the Diniz Family through Adient Oto Donanım Sanayi ve Ticaret A.Ş. (16.9.2021, 21-43/631-313)
- The Board authorized the acquisition of the indirect sole control of Swedish Orphan Biovitrum AB (publ) by the Funds managed and/or consulted by Advent International Corporation and its subsidiaries (16.9.2021, 21-43/630-312)
- The Board authorized the acquisition of the joint control of Parexel International Corporation by EQT Fund Management S.à.r.l. and Goldman Sachs Group, Inc. through Phoenix Parentco, Inc (16.9.2021, 21-43/629-311)
- The Board authorized the acquisition of the sole control of Elif Holding A.Ş. by Huhtamäki Holding. (16.9.2021, 21-43/628-310)
- The Board authorized the acquisition of the sole control of Araba Sepeti Otomotiv Danışmanlık Hizmetleri San. ve Tic. A.Ş. by Kavak Holdings Limited through Kavak Intermediate Holdings LLC. (16.9.2021, 21-43/627-309)
- The Board authorized the indirect acquisition of the joint control of Delivery Hero Korea LLC by Permira Advisers Limited and Affinity Equity Partners. (16.9.2021, 21-43/626-308)
Energy
- The decisions of the Energy Market Regulatory Authority (“”) dated 26.08.2021 and numbered 10378-1, 10379 and 10383 were published in the Official Gazette dated 28.08.2021 and numbered 31582.
- The decision of the EMRA dated 26.08.2021 and numbered 10376 was published in the Official Gazette date 02.09.2021 and numbered 31586.
- The decisions of the EMRA dated 16.09.2021 and numbered 10409, 10412, 10416 and 10419 were published in the Official Gazette dated 18.09.2021 and numbered 31602. These decisions come into force on different dates.
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