News & Insights

Search with filters

For further information,
please contact:

News & Insights

June 20, 2017

Introduction of Detailed Security Measures for Turkish Bank Branches

Legal Alerts
Banking & Finance

Recent development The Turkish Banking Regulation and Supervision Agency (the “BRSA”) has recently amended the “Regulation on Banks’ Transactions Subject to Approval and Indirect Bank Shareholding” (the “Regulation“) effective as of June 9, 2017. Overview of the Amendments The amendments change the security measures for banks opening domestic branches. Turkish banks must consider the following […]

June 16, 2017

TİTCK Publishes Licensed Products List

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (the “TİTCK”) recently published the list of licensed products, available here (in Turkish). From now on, the TİTCK will regularly update and publish the licensed products list on their website. What the announcement says The TİTCK stated that for licensed products that do not appear on […]

June 16, 2017

Redefining Financial Holding Company Criteria

Legal Alerts
Banking & Finance

Recent development The Turkish Banking Regulatory and Supervisory Authority (the “BRSA”) has recently amended the Regulation on Financial Holding Companies (the “Financial Holding Regulation”). The amendments were published in the Official Gazette No. 30088 on June 6, 2017, and will be effective as of January 1, 2017. What the regulation changes The Financial Holding Regulation […]

June 15, 2017

Esin Attorney Partnership advises lenders in multi-currency Senior Secured Term Loan Facilities for POAŞ acquisition

News
Deal Announcements

Istanbul, Turkey, 15 June, 2017 – Esin Attorney Partnership, a member firm of Baker & McKenzie International, advised a syndicate of 14 international and Turkish banks as lenders on a USD 500,000,000 and TRY 720,000,000 Senior Secured Term Loan Facilities provided to VIP Turkey Enerji A.Ş., a subsidiary of Vitol Investment Partnership Ltd., to finance its acquisition […]

June 15, 2017

TİTCK Launches New Product Tracking System for Medical Devices

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently announced that the registration pages of the Product Tracking System (“ÜTS”) for medical devices are now available. Background The TİTCK and the Scientific and Technological Research Council of Turkey (“TÜBİTAK“) executed an agreement on January 7, 2014, establishing the ÜTS. The ÜTS registers, tracks, […]

June 15, 2017

Esin Attorney Partnership and Baker McKenzie advise Turkven, Akarlılar Family and Mavi on TRY 2.14 billion Mavi IPO;deal is Turkey’s largest since 2013

News
Deal Announcements

Istanbul, Turkey, 15 June, 2017 – Esin Attorney Partnership, a member firm of Baker & McKenzie International and Baker McKenzie advised Turkven Private Equity, the Akarlılar Family and Mavi Giyim Sanayi ve Ticaret A.Ş. (Mavi), a leading Turkish lifestyle fashion business, on Mavi’s IPO. The offering consists of an international offering of 16,624,300 shares by Blue […]

June 15, 2017

Amendments to Turkish Banks’ Capital Adequacy

Legal Alerts
Banking & Finance

Recent developments The Turkish Banking Regulation and Supervision Agency (the “BRSA”) has recently amended the “Regulation on Measurement and Evaluation of Capital Adequacy of Banks” (the “Capital Adequacy Regulation“) effective as of June 6, 2017. Overview of the Amendments The amendments to the Capital Adequacy Regulation introduced material changes to the information reported  every trimester […]

June 15, 2017

Turkish Minister of Finance Announces New Withholding Liability for Foreign E-Commerce Websites

Legal Alerts
Tax

Recent Development On June 12, 2017, the Turkish Minister of Finance, Naci Ağbal, announced the introduction of a new withholding tax liability for non-resident companies that engage in e-commerce. In his statement to the press, the Minister of Finance highlighted the following points: The government is currently working on a new Council of Ministers Decision […]

June 5, 2017

Esin Attorney Partnership advises the lenders for Ziraat Katılım’s USD 160 Million and EUR 69 Million Dual currency Murabaha Facilities

News
Deal Announcements
Banking & Finance

Istanbul, Turkey, 5 June, 2017 – Esin Attorney Partnership, a member firm of Baker & McKenzie International advised the lenders in relation $ 160,000,000 and € 69,000,000 Dual Currency Murabaha Facilities provided to Ziraat Katılım Bankası A.Ş. ABC Islamic Bank acted as agent, HSBC Bank Middle East Limited acted as facility coordinator, and 13 international banks […]

June 5, 2017

Turkey Unveils New Tax Amnesty Law

Legal Alerts
Tax

Recent Development On May 27, 2017, the Law on the Restructuring of Certain Receivables and Amendment of Certain Laws and Decree-Laws No. 7020 (“Amnesty Law“) was published in the Official Gazette No. 30078 and entered into force. The Amnesty Law introduces a new amnesty for certain public receivables in relation to the period before March […]

Page: