Recent Keynotes of January 2019
International Agreements
- The Resolution of the President dated 25.12.2018 and numbered 494 on the Approval of the Agreement between the Republic of Turkey and the United Nations concerning the Establishment of the Technology Bank for Least Developed Countries, was published in the Official Gazette dated 26.12.2018 and numbered 30637.
- The Resolution of the President dated 29.12.2018 and numbered 527 on the Approval of the Agreement between the Republic of Turkey and the Government of the State of Qatar for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, and the Protocol and Letters Included with the Agreement, was published in the Official Gazette dated 30.12.2018 and numbered 30641.
Resolutions of the President
- The Resolution of the President dated 29.12.2018 and numbered 530 on the Amendment of the Resolution on the Interest Support to be Provided for the Credits to be used from Banks by the Right Holders as per Law numbered 6306, was published in the Official Gazette dated 30.12.2018 and numbered 30641. This resolution entered into force on 01.01.2019.
Legislation
- The Regulation on the Amendment to the Regulation on the Petroleum Market License entered into force through publication in the Official Gazette dated 22.12.2018 and numbered 30633.
- The Regulation on the Amendment to the Regulation on the Natural Gas Market License entered into force through publication in the Official Gazette dated 22.12.2018 and numbered 30633.
- The Communiqué (No: 2018/8) on the Amendment to the Communiqué on the Required Reserves (No: 2013/15) was published in the Official Gazette dated 22.12.2018 and numbered 30633. The Communiqué entered into force on 28.12.2018.
- The Regulation on the Procedure and Principles regarding the Terrestrial Broadcasting License and Gradation Tender of Radio and Television Supreme Council entered into force through publication in the Official Gazette dated 23.12.2018 and numbered 30634.
- Law numbered 7159 on the Amendment to Certain Laws with the Highway Traffic Law, was published in the Official Gazette dated 28.12.2018 and numbered 30639. The Articles of this Law, with the exception of Article 5, entered into force on its publication date.
- The Communiqué on the Amendment to the Communiqué on the Construction Inspection Application was published in the Official Gazette dated 29.12.2018 and numbered 30640. The Communiqué entered into force on 01.2019.
- The Communiqué (II-26.1.c) on the Amendment to the Communiqué on Takeover Bids (II-26.1) entered into force through publication in the Official Gazette dated 02.01.2019 and numbered 30643.
- The Communiqué (III-48.1.ç) on the Amendment to the Communiqué on the Principles Regarding Real Estate Investment Companies (III-48.1) entered into force through publication in the Official Gazette dated 02.01.2019 and numbered 30643.
- The Communiqué (III-52.1.b) on the Amendment to the Communiqué on the Principles regarding Investment Funds (III-52.1) entered into force through publication in the Official Gazette dated 02.01.2019 and numbered 30643.
- The Communiqué on the Amendment to the Communiqué on the Advance Dividend Distribution entered into force through publication in the Official Gazette dated 05.01.2019 and numbered 30646.
- The General Communiqué of Law numbered 7143 on Reconstruction of Tax and Other Certain Receivables (Serial No: 5) entered into force through publication in the Official Gazette dated 05.01.2019 and numbered 30646.
- The Communiqué on the Amendment to the Communiqué on Bank Cards and Credit Cards entered into force through publication in the Official Gazette dated 11.01.2019 and numbered 30652.
- The Communiqué (No: 2019/1) on the Amendment to the Communiqué as to the Printed Form of Cheque Books, and the Determination of the Amount that Banks are Obliged to Pay to the Holder (No: 2010/2), was published in the Official Gazette dated 12.01.2019 and numbered 30653. The Communiqué shall enter into force on 01.2019.
- The Communiqué on the Amendment to the Communiqué on the Licensing of the Liquified Petroleum Gas Market entered into force through publication in the Official Gazette dated 17.01.2019 and numbered 30658.
- Law numbered 7161 on the Amendment to Tax Laws and Certain Laws and Statutory Laws was published in the Official Gazette dated 18.01.2019 and numbered 30659. Articles of this Law shall enter into force on different dates.
- The Communiqué (No: 2019/2) on the Amendment to the Communiqué on Required Reserves (No: 2013/15) was published in the Official Gazette dated 19.01.2019 and numbered 30660. The Communique entered into force on its publication date and became effective as of 11.01.2019.
Competition Board Decisions
- The Competition Board (“Board”) granted negative clearance within the framework of Article 8 of Law numbered 4054 to the application regarding the publication of “Certified Firm Success Performance Evaluation,” on the website of Eskişehir Şehir İçi Doğalgaz Dağıtım Ticaret ve Taahhüt A.Ş., with the exception of the “Firm General Success Performance.” (27.12.2018, 18-49/759-366)
- The Competition Board granted negative clearance within the framework of Article 8 of Law numbered 4054 to the acquisition of the Japan Alumina Associates Pty Ltd.’s certain shares belonging to ITOCHU Minerals & Energy of Australia Pty Ltd. of Japan Alumina Associates Pty Ltd. by Press Metal Bintulu Sdn Bhd. Japan Alumina Associates Pty Ltd. is under the joint control of ITOCHU Minerals & Energy of Australia Pty Ltd., which is the subsidiary of Sojict Corporation and ITOCHU Corporation. (10.01.2019, 19-03/20-9)
Mergers and Acquisitions
- The Competition Board (“Board”) authorized the acquisition of Vakıf Portföy Yönetimi A.Ş. and Halk Portföy Yönetimi A.Ş. by Ziraat Portföy Yönetimi A.Ş. (27.12.2018, 18-49/767-372)
- The Board authorized the acquisition of certain steel assets sold by ArcelorMittal Holdings AG by Sanjeev Gupta through Liberty Steel East Europe Bidco Limited and Liberty House Group Pte. Ltd. (27.12.2018, 18-49/766-371)
- The Board authorized the acquisition of certain assets of D.Med Consulting GmbH by Fresenius Medical Care Beteiligungsgesellschaft mbH, Bad Homburg v.d.H., Germany, which is wholly owned by Fresenius Medical Care AG & Co. KGaA, as its subsidiary, from KR² GmbH. (27.12.2018, 18-49/762-368)
- The Board authorized the acquisition of the sole control of Kellogg Med Gıda Ticaret Ltd. Şti. by Kellogg Company through Kellogg Europe Treasury Services Limited. (27.12.2018, 18-49/761-367)
- The Board authorized the acquisition of MPM Holdings Inc. by a consortium that is comprised of SJL Partners LLC, KCC Corporation, and Wonik QnC Corporation. (27.12.2018, 18-49/758-365)
- The Board authorized the acquisition of the sole control of CEVA Logistics AG by CMA CGM S.A. (03.01.2019, 19-02/6-3)
- The Board authorized the acquisition of certain shares of Avrasya Gaz A.Ş. owned by TAHSİNCİOĞLU Family members by Adnan ŞEN. (10.01.2019, 19-03/24-11)
- The Board authorized the acquisition of the shares of Esterline Technologies Corporation by TransDigm Group Incorporated. (10.01.2019, 19-03/17-8)
- The Board authorized the establishment of a fully functioning joint venture between Electronics Inc and Lufthansa Technik AG. (10.01.2019, 19-03/16-7)
- The Board authorized the acquisition of GrazianoFairfield AG, which is the drive system segment of OC Oerlikon Corporation AG, Pfäffikon by Dana Incorporated, through Dana International Luxembourg S.a.r.l. (10.01.2019, 19-03/15-6)
Energy
- The 2018 October Monthly Sector Reports were published on the official website of the Energy Market Regulatory Authority (“EMRA”) on 28.12.2018.
All rights of this article are reserved. This article may not be used, reproduced, copied, published, distributed, or otherwise disseminated without quotation or Erdem & Erdem Law Firm's written consent. Any content created without citing the resource or Erdem & Erdem Law Firm’s written consent is regularly tracked, and legal action will be taken in case of violation.
Other Contents
The Resolution of the President dated 28.08.2025 and numbered 10310 on the Approval of the attached Notes Verbales exchanged between the Republic of Türkiye and the United Nations Secretariat regarding the application, for a period of one year, of the provisions of the Revised Standard Agreement on...
The Resolution of the President dated 20.05.2025 and numbered 9836 on the Approval of the Memorandum of Understanding on Cooperation in the Field of Forestry between the Government of the Republic of Türkiye and the Government of the Kingdom of Cambodia was published in the Official Gazette dated...
The Resolution of the President dated 22.04.2025 and numbered 9755 on the Approval of the Agreement on Trade and Economic Cooperation Between the Government of the Republic of Türkiye and the Government of the Republic of Maldives was published in the Official Gazette dated 23.04.2025 and numbered...
The Resolution of the President dated 21.03.2025 and numbered 9686 on the Approval of the Implementing Agreement for the IPA Bulgaria-Türkiye Program (Interreg VI-A) was published in the Official Gazette dated 22.03.2025 and numbered 32849...
Law No. 7544 on the Approval of the Ratification of the Cooperation Agreement between the Government of the Republic of Türkiye and the Government of the Republic of Azerbaijan in the Field of Natural Gas entered into force through publication in the Official Gazette dated 05.03.2025 and numbered 32832...
The Resolution of the President dated 31.01.2025 and numbered 9486 on the Approval of the Agreement between the Government of the Republic of Türkiye and the Cabinet of Ministers of the Kyrgyz Republic on the Establishment and Functioning of Cultural Centers was published in the Official Gazette dated...
The Resolution of the President dated 21.12.2024 and numbered 9272 on the Approval of the Annexed Letters dated 25/10/2024 and 12/11/2024 Exchanged between the Government of the Republic of Türkiye and the European Commission on the Amendment to the Financing Agreement for IPARD III Assistance...
The Resolution of the President dated 26.11.2024 and numbered 9144 on the Approval of the Implementing Protocol on Cooperation between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus on Product Safety Inspection of Products Imported...
The Resolution of the President dated 01.11.2024 and numbered 9076 on the Approval of the Host Country Agreement between the Government of the Republic of Türkiye and the Turkish Investment Fund, was published in the Official Gazette No. 32710 on 02.11.2024...
The Resolution of the President dated 03.10.2024 and numbered 8993 on the Approval of the Board of Governors’ Resolutions No. 259 and 260 on the Amendment to the Annexed Agreement on the Establishment of the European Bank for Reconstruction and Development, Approved by Law No. 7526 dated...
The Resolution of the President dated 16.07.2024 and numbered 8729 on the Approval of the Economic and Financial Cooperation Agreement between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated...
The Resolution of the President dated 24.05.2024 and numbered 8511 on the Ratification of the Additional Protocol No. 1 to the Free Trade Agreement between the Government of the Republic of Türkiye and the Government of Malaysia was published in the Official Gazette dated 24.05.2024 and numbered 32555...
In administrative cases concerning monetary matters, the right to appeal to ordinary legal remedies against the decisions of administrative and tax courts is subject to the condition that the dispute exceeds a certain monetary limit in the Turkish legal system...
The Resolution of the President dated 26.04.2024 and numbered 8407 on the Approval of the Annexed Financing Agreement for the NEXT Mediterranean Basin (NEXT MED) Cooperation Program (Interreg VI-B) signed on behalf of the Republic of Türkiye in Ankara on 13 October 2023 was published in the Official...
The Resolution of the President dated 04.04.2024 and numbered 8298 on the Approval of the Agreement on Commercial and Economic Cooperation between the Government of the Republic of Türkiye, the Government of the Republic of Azerbaijan and the Government of Turkmenistan was published in the Official...
The Law numbered 7497 on the Approval of the Ratification of the Protocol Amending the “Preferential Trade Agreement” between the Government of the Republic of Türkiye and the Government of the Republic of Azerbaijan entered into force through publication in the Official Gazette dated 01.03.2024 and...
The Resolution of the President dated 23.01.2024 and numbered 8123 on the Approval of the Amendment Protocol signed by the Exchange of Letters dated 6/12/2023 and 20/12/2023 between the Government of the Republic of Türkiye and the European Commission on the Amendment to the Financing Agreement...
The Resolution of the President dated 27.12.2023 and numbered 7996 on the Approval of the Annexed Financing Agreement for the Annual Action Programme for Türkiye for the Year 2022, Signed on behalf of the Republic of Türkiye on 30 November 2023, together with the accompanying Notes was...
The Law numbered 7478 on the Approval of the Ratification of the Air Services Agreement between the Government of the Republic of Türkiye and the Government of the Republic of Maldives entered into force through publication in the Official Gazette dated 29.11.2023 and numbered 32384...
The Resolution of the President dated 24.10.2023 and numbered 7731 on the Approval of the Protocol on Cooperation in the Field of Social Assistance and Social Services between the Government of the Republic of Türkiye and the Government of the Turkish Republic of Northern Cyprus was published in the...
The Law on the Approval of the Ratification of the Intergovernmental Agreement on Dry Ports numbered 7459 was published in the Official Gazette dated 17.10.2023 and numbered 32342...
The Resolution of the President dated 14.09.2023 and numbered 7611 on the Approval of the Agreement signed between the Government of the Republic of Turkey and the Government of Hungary on 06/04/2023 on Cooperation in the Field of Sports was published in the Official Gazette dated 15.09.2023 and...
The concept of estate, which can be considered as the foundation of our inheritance law, refers to all the property, rights, and debts belonging to an individual after their death. Throughout history, humans have been buried with their cherished belongings based on religious beliefs, but over time, it has been observed...
The Resolution of the President dated 21.07.2023 and numbered 7393 on the Approval of the Memorandum of Understanding between the Government of the Republic of Türkiye and the Government of the People’s Democratic Republic of Algeria on Cooperation in the Field of Mining was published in the Official...
The Grant Agreement signed on 06.04.2023 between the Ministry of Treasury and Finance of Republic of Türkiye, Development and Investment Bank of Turkey (TKYB) and German Development Bank (KfW) was published in the Official Gazette dated 04.07.2023 and numbered 32238...
Inheritance contracts are contracts involving a testamentary disposition concluded by the legator, with her inheritor or a third party. A testamentary disposition is a legal transaction that includes the orders of the legator that she wishes to be carried out after her death. Testamentary disposition term is used in two...
The Resolution of the President dated 06.06.2023 and numbered 7302 on the Ratification of the Economic and Financial Cooperation Agreement between the Republic of Türkiye and the Turkish Republic of Northern Cyprus for 2023 was published in the Official Gazette dated 07.06.2023 and numbered 32214...
This study examines the decision ("Decision") of the Turkish Constitutional Court ("CC") dated 22.02.2023, published in the Official Gazette on April 28, 2023, which abolished the first sentence of Article 187 of the Turkish Civil Code numbered 4721 ("TCC"), which obliges a woman to take her husband's surname upon...
The Resolution on the Approval of the Annexed Amendment Letter Regarding the Separate Agreement on the Financing Agreement between the Ministry of National Education of the Republic of Turkey and the German Development Bank (KfW) on the Clean Energy and Energy Efficiency Measures Project...
The Resolution of the President dated 01.04.2023 and numbered 7025 on the Approval of the Protocol on the Accession of the Republic of Finland to the North Atlantic Treaty was published in the Official Gazette dated 02.04.2023 and numbered 32151...
The Resolution of the President dated 08.03.2023 and numbered 6913 on the Ratification of the Agreement between the Republic of Turkey and the European Union on the Participation of the Republic of Turkey in the Union Program on Cooperation in the Customs Area, ‘Customs’, effective from 1 January 2021...
The Resolution of the President dated 25.01.2023 and numbered 6728 on the Application of the Exemption in the Fourth Paragraph of the Provisional Article 14 of the Corporate Tax Law No. 5520 to the Foreign Currencies in the Balance Sheets of the Corporations as of 31.12.2022 was published in the Official...
The Resolution on the Approval of the Protocol between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on the Deployment of Energy Transmission Lines of Geçitkale Airport (Resolution No: 6647) entered into force through publication in the...
The Resolution of the President dated 23.11.2022 and numbered 6416 on the Approval of the Economic and Financial Cooperation Agreement - Additional Agreement - signed between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus on...
The Resolution of the President dated 19.10.2022 and numbered 6238 on the Approval of the Memorandum of Understanding Between the Government of the Republic of Turkiye and the Government of the Federal Republic of Nigeria on Cooperation in the Field of Energy was published in the Official Gazette...
The Resolution of the President dated 26.09.2022 and numbered 6090 on the Approval of the Annexed Amendment Protocol signed by the Exchange of Letters dated 12.08.2022 and 31.08.2022 between the Government of the Republic of Turkey and the European Commission on the Amendment to...
The Resolution of the President dated 15.09.2022 and numbered 6080 on the Approval of the Memorandum of Understanding About Implementation of the Multilateral Tax Program Between the Government of the Republic of Turkey and the Organization for Economic Cooperation and Development at...
Since social media has turned into a modern mass communication tool, the concepts of advertising and marketing have been brought to a new dimension. Influencers, who promote various products and services by "influencing" their audience through social media, are driving the next generation of...
The Resolution of the President dated 20.07.2022 and numbered 5801 on the Determination of the Default Interest Rate under the First Paragraph of Article 51 of the Law numbered 6183 on the Collection Procedure of Public Receivables as 2.5% to be Applied Separately for Each Month, was published...
Decision dated 27.06.2022 and numbered 5751 on the Ratification of the Fund Grant Agreement signed between Republic of Turkey Ministry of Labor and Social Security and International Bank for Reconstruction and Development, on 05.05.2022...
The Resolution of the President dated 23.05.2022 and numbered 5596 on the Ratification of the Economic and Financial Cooperation Agreement between the Government of the Republic of Turkey and the Government of the Turkish Republic of Northern Cyprus was published in the Official Gazette dated...
The Resolution of the President dated 23.04.2022 and numbered 5520 on the Approval of the Agreement between the Government of the Republic of Turkey and the Government of the Republic of Cote D’Ivoire Concerning the Reciprocal Promotion and Protection of Investments...
In a decision dated 29.09.2021 with application number 2018/357 (“Decision”), the Constitutional Court decided by a large majority that the applicant's right to property was violated due to the fact that the immovables expropriated for the purpose of mass housing construction...
Pursuant to Art. 101 of the Turkish Civil Code (“CC”) No. 4721, foundations are an ensemble of assets that have legal personality, which comprises of sufficient assets and rights that are allocated by real and legal persons for a determined and perpetual objective. Foundations are legal persons that have “ideal...