News & Insights

Search with filters

For further information,
please contact:

News & Insights

November 9, 2016

Çanakkale Bridge Tender Announced

Legal Alerts
EMI

Recent development The much anticipated tender for the Kınalı-Savaştepe Motorway Project’s Malkara-Çanakkale section – including the 1915 Çanakkale Bridge Project – has been announced by the Highways Department (“KGM“). Pursuant to the announcement published in the Official Gazette on October 26, 2016, bidders can submit their bids between January 19-26, 2017. Tender Highlights Key takeaways […]

October 31, 2016

Redefinition of Movable Pledge Seeks to Boost Collateralization for Commodity Financing

Legal Alerts
Banking & Finance

Recent Development Pledge over movable assets (menkul rehni) has long been perceived as an impractical method for collateralization as the perfection of it required the transfer of the physical possession (zilyetlik) of the pledged asset to the pledgee. Neither the lenders nor the borrowers accepted such transfer of possession as it would be impractical for […]

October 28, 2016

Turkey Presents Two Draft Communiqués on E-Commerce

Legal Alerts
Trade & Commerce

Recent development The Ministry of Customs and Trade (the “Ministry”) published on its website two draft communiqués regarding “safety stamp” applications and notification obligations in e-commerce. The Ministry granted public institutions and organizations, professional organizations, associations and unions the opportunity to comment and provide feedback on the two draft communiques. What’s new? Based on Law […]

October 27, 2016

New Regulation on Renewable Energy Resource Areas Seeks to Generate Investments and Sustainability

Legal Alerts
EMI

Recent development Recent amendments to the Electricity Market Law on June 4, 2016, introduced the general framework for the regulation of renewable energy resource areas (“RERA“). On October 9, 2016, the Ministry of Energy and Natural Resources (the “Ministry“) issued the Renewable Energy Resource Areas Regulation (the “Regulation“) superseding the previous one and providing the […]

October 19, 2016

State of Emergency Extended in Turkey

Legal Alerts

Recent Development Turkey experienced an attempted coup by a faction of the military on the night of July 15, 2016. After the attempted coup, the Council of Ministers announced a three month state of emergency starting on July 21, 2016. The Council of Ministers decided to extend this term for another three months, effective October […]

October 10, 2016

Turkey increases manufacturer obligations and introduces new obligations for importers and distributors of electrical equipment designed for use

Legal Alerts
Trade & Commerce

Recent Developments The Turkish Ministry of Science, Industry and Technology recently adopted the Regulation on the Electrical Equipment Designed for Use within Certain Voltage Limits. Based on the EU’s Low Voltage Directive (2014/35/EU), the purpose of this Regulation is to establish the safety principles and the conformity assessment procedures required to introduce electrical equipment into […]

October 6, 2016

Turkey introduces Toy Safety Regulation and brings new restrictions to toys composition

Legal Alerts
Trade & Commerce

Recent development The Ministry of Customs and Trade issued the Toy Safety Regulation, replacing the existing Toy Regulation. The Toy Safety Regulation brings new restrictions to the composition of toys and prohibits the use of certain components in toys. The Toy Safety Regulation is published in the Official Gazette on October 4, 2016 and will […]

September 20, 2016

Turkey: Have you taken the required actions for the new Data Protection Law?

Legal Alerts
IT & Communications

Certain provisions of the new Law on the Protection of Personal Data (the “Data Protection Law“), including administrative fines and criminal penalties, will enter into force on October 7, 2016. As we informed you in one of our earlier alerts, the Data Protection Law became effective on April 7, 2016, but allowed for a transition […]

September 9, 2016

Real Property Sales Encouraged by Tax Reduction

Legal Alerts
Real Estate
Tax

The Council of Ministers issued decision No. 2016/9153, published in the Official Gazette on September 8, 2016, which amends certain tax procedures and rates (“ Decision ”). The Turkish Government aims to increase real property sales by reducing value added tax (“ VAT ”) rates. The Decision reduces the VAT rate on real property unit […]

September 9, 2016

BRSA Incentivizing Energy Sector Debt Refinancing

Legal Alerts
Banking & Finance

Recent development The Turkish energy and banking sectors will receive a much needed bolster with the Banking Regulation and Supervision Authority’s (the “BRSA”) amendment to the loan performance criteria for loans extended to the energy sector by Turkish banks. The amendments to the Regulation on the Rules and Procedures for Banks to Determine Types of […]

Page: