Recent Keynotes of February 2020
Resolutions of the President
- The Resolution of the President dated 28.01.2020 and numbered 2081 on the Amendment to the Re-determination of Special Consumption Tax Amounts to be Applied to Some Goods was published in the Official Gazette dated 29.01.2020 and numbered 31023.
- The Resolution of the President dated 12.02.2020 and numbered 2114 on the Approval and Application of the Investment Program for 2020 was published in the Official Gazette dated 12.02.2020 and numbered 31037 (bis).
Legislation
- The Regulation on the Amendment to the Regulation on Business and Working Licenses (Resolution Number: 2048) entered into force through publication in the Official Gazette dated 25.01.2020 and numbered 31019.
- The Regulation on the Amendment to the Regulation on Organization and Working Principles of the Board Competent to Manage Fines Deducted from Workers Wages entered into force through publication in the Official Gazette dated 25.01.2020 and numbered 31019.
- The Regulation on the Amendment to the Regulation on Increasing Efficiency in the Use of Energy and Energy Resources entered into force through publication in the Official Gazette dated 25.01.2020 and numbered 31019.
- The Nuclear Assurance Regulation entered into force through publication in the Official Gazette dated 25.01.2020 and numbered 31019.
- The Statistical Classifications Regulation entered into force through publication in the Official Gazette dated 28.01.2020 and numbered 31022 (bis).
- The Communiqué on Public Tenders (Communiqué No: 2020/1) was published in the Official Gazette dated 29.01.2020 and numbered 31023. This Communiqué entered into force on 01.02.2020.
- The Communiqué on the Prevention of Unfair Competition in Importation (Communiqué No: 2020/1) entered into force through publication in the Official Gazette dated 31.01.2020 and numbered 31025.
- Law numbered 7210 on the Approval of Ratification of the Social Security Agreement between the Republic of Turkey and the Republic of Poland and Application of the Notes Regarding the Amendment to the Agreement entered into force through publication in the Official Gazette dated 31.01.2020 and numbered 31025.
- Law numbered 7214 on the Approval of the Ratification of the Agreement on Reciprocal Incentive and Protection of the Investments between the Governments of the Republic of Turkey and the Republic of Uzbekistan entered into force through publication in the Official Gazette dated 31.01.2020 and numbered 31025.
- The Regulation on the Amendment to the Regulation on Electricity Market Balancing and Settlement entered into force through publication in the Official Gazette dated 02.02.2020 and numbered 31027.
- The Communiqué (No: 2) on the Amendment to the General Communiqué on Recovery Share Declaration (No: 1) entered into force through publication in the Official Gazette dated 05.02.2020 and numbered 31030.
- The Regulation on the Amendment to the Regulation on General Clarification entered into force through publication in the Official Gazette dated 06.02.2020 and numbered 31031.
- The Regulation on the Amendment to the Petrol Market License Regulation entered into force through publication in the Official Gazette dated 07.02.2020 and numbered 31032.
- The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding Fees to be Collected from Financial Customers was published in the Official Gazette dated 10.02.2020 and numbered 31035. This Regulation entered into force on 01.03.2020.
- The Communiqué on Procedures and Principles Regarding Fees to be Collected from Financial Customers by Banks (No: 2020/4) was published in the Official Gazette dated 10.02.2020 and numbered 31035. This Communiqué entered into force on 01.03.2020.
- The Regulation on the Amendment to the Regulation on After Sales Services was published in the Official Gazette dated 12.02.2020 and numbered 31037. This Regulation enters into force on 01.07.2020.
- The Nuclear Exportation Control Regulation entered into force through publication in the Official Gazette dated 13.02.2020 and numbered 31038.
- The Regulation on Informing in Insurance Contracts entered into force through publication in the Official Gazette dated 14.02.2020 and numbered 31039.
- The Communiqué (Serial No: 30) on the Amendment to the Value Added Tax Common Practice Communiqué was published in the Official Gazette dated 14.02.2020 and numbered 31039. The Articles of this Communiqué enter into force on different dates.
- The Electricity Generation and Electricity Storage Facilities Acceptance Regulation was published in the Official Gazette dated 19.02.2020 and numbered 31044. This Regulation enters into force on 01.04.2020.
- The Turkish Food Codex Regulation entered into force through publication in the Official Gazette dated 19.02.2020 and numbered 31044.
- The Communiqué on Supervision Application in Importation (No: 2020/2) was published in the Official Gazette dated 19.02.2020 and numbered 31044. This Communiqué enters into force on the thirtieth day following the publication date.
- The General Communiqué on Procedural Tax Law (Serial No: 517) entered into force through publication in the Official Gazette dated 20.02.2020 and numbered 31045.
Resolutions of the Personal Data Protection Board
- The resolution summary dated 26.12.2019 and numbered 2019/389 regarding the Request for Opinions about Posting Candidate Results on Websites Without Consent was published by the Personal Data Protection Board on its website on 31.01.2020.
Competition Board Decisions
- The Board granted individual exemption to “Draft Recommendation Resolution Concerning the Use of TLREF Interest Rate in Restructuring Contracts Concluded with Commercial Borrowers,” and “Draft Resolution Regarding the Use of TLREF Interest Rate in Restructuring Under the Financial Restructuring Framework Agreement (Large Scale Application) of the Banks Association of Turkey. (23.01.2020, 20-06/69-38)
- The Board granted individual exemption for five years to the contract concluded between DFDS Denizcilik ve Taşımacılık A.Ş. and Yalova Ro-Ro Terminali A.Ş. regarding the sale of port services from the existing Ro-Ro terminal facilities, and to be constructed in Yalova, owned and operated by Yalova Ro-Ro Terminali A.Ş. to DFDS. (23.01.2020, 20-06/51-28)
- The Board granted individual exemption to Wholesale-Level Fiber Data Flow Access Service and Support Services Framework Cooperation Agreement concluded on 15.03.2017 between Vodafone Net İletişim Hizmetleri A.Ş. and Superonline İletişim Hizmetleri A.Ş. until 15.03.2025. (13.02.2020, 20-10/110-66)
- The Board granted indefinite individual exemption to the ATM Sharing Platform Protocol concluded between Denizbank A.Ş., Türk Ekonomi Bankası A.Ş. and QNB Finansbank A.Ş. on bringing the ATMs owned by them into their customers’ common usage. (13.02.2020, 20-10/108-64)
Mergers & Acquisition
- The Board authorized the establishment of a joint venture by Hyundai Motor Company Ltd. and Aptiv PLC to operate in the development of autonomous driving technologies. (23.01.2020, 20-06/63-35)
- The Board authorized the acquisition of the sole control of ABB Management Holding AG by Hitachi Ltd. (23.01.2020, 20-06/55-31)
- The Board authorized the acquisition of the sole control of Zorlu Rüzgar Enerjisi Elektrik Üretimi A.Ş. by İmbat Enerji A.Ş., the subsidiary of Akfen Yenilenebilir Enerji A.Ş. (28.01.2020, 20-07/72-40)
- The Board authorized the acquisition of (i) the sole control of Koç Finansal Hizmetler A.Ş., which was under the joint control of Koç Holding A.Ş., and the group companies of Koç Holding A.Ş. and UniCredit S.p.A., and (ii) the actual sole control of Yapı ve Kredi Bankası A.Ş., which is the subsidiary of Koç Finansal Hizmetler A.Ş., by the Koç Group. (28.01.2020, 20-07/71-39)
- The Board authorized the merger of Nippon Shokubai Co. Ltd. and Sanyo Chemical Industries Ltd. (06.02.2020, 20-08/91-56)
- The Board authorized the acquisition of the sole control of OMNOVA Solutions, Inc. by Synthomer plc. (06.02.2020, 20-08/90-55)
- The Board authorized the acquisition of the joint control of HH Global Group Ltd. by the investments funds under The Blackstone Group Inc. (06.02.2020, 20-08/85-52)
- The Board authorized the acquisition of the sole control of Veeam Software Holding Limited by the funds managed by Insight Holdings Group, LLC. (06.02.2020, 20-08/84-51)
- The Board authorized the acquisition of Animal Health, which is an animal health line of work of Bayer AG, by Elanco Animal Health Inc. (06.02.2020, 20-08/80-47)
- The Board authorized the acquisition of the joint control of Sanovel İlaç San. ve Tic. A.Ş. and its subsidiaries by MCP Private Capital Fund III SCSp, via MCP Investments III Sarl through Yamma Investments. (06.02.2020, 20-08/79-46)
- The Board authorized the establishment of a joint venture by Peugeot SA, Opel Automobile GmbH and Saft Groupe S.A., to operate in the areas of development, production and supply of battery cells and modules for electric batteries. (06.02.2020, 20-08/78-45)
- The Board authorized Can Uluslararası Yatırım Holding A.Ş. to acquire Sebat Çakmak Sınai ve Tüketim Malları San. ve Tic. A.Ş., which is controlled by Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. (06.02.2020, 20-08/75-43)
- The Board authorized the acquisition of the joint control of Zaragoza Properties SOCIMI, S.A. by Generali SCF S.à.r.l and Union Investment Real Estate GmbH. (06.02.2020, 20-08/73-41)
- The Board authorized the acquisition of the sole control of Clariant Plastics & Coating AG, which globally operates in the masterbatch line of work as the subsidiary of Clariant AG, by PolyOne Corporation. (13.02.2020, 20-10/113-68)
- The Board authorized the acquisition of the sole control of Asia Capital Reinsurance Group Pte. Ltd. by Catalina Holdings (Bermuda) Ltd. (13.02.2020, 20-10/106-62)
- The Board authorized the establishment of a joint venture by and between Daimler AG and Swiss Re Ltd. (13.02.2020, 20-10/105-61)
- The Board authorized the establishment of a joint venture by and between Sumitomo Corporation, Toyota Tsusho Corporation, and Kirk J. Lewis. (13.02.2020, 20-10/101-59)
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