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Turkish Treasury’s Shares in Public Companies Transferred to Sovereign Wealth Fund
Certain public companies owned and partially owned by the Turkish Treasury have been transferred to the recently established Sovereign Wealth Fund (more). In... [Read More]
Turkish Trade Remedies – February 2017
An overview of notable decrees by the Council of Ministers and communiqués by the Ministry of Economy regarding prevention of unfair competition in... [Read More]
Turkey Amends Requirements for Merger Control Review
Turkey has changed merger control requirements for mergers and acquisitions. Changes introduce new circumstances when parties can notify the Competition Board (“Board”) after... [Read More]
Turkey Announces 2017 Arrangements for Natural Gas Connection and Service Fees
Turkey’s Energy Market Regulatory Board (“Board”) has announced procedures and principles for natural gas connection and service fees, as well as maximum connection... [Read More]
Turkey Increases Monetary Caps for Consumer Arbitration Boards and Increases Fines for 2017
Turkey’s Ministry of Customs and Trade (“Ministry”) has increased the monetary limits for disputes which can be bought to consumer arbitration boards. Administrative... [Read More]
Turkey Amends Rules for Electricity Consumer Tariffs
Turkey has amended legislative arrangements for electricity consumer tariffs. Changes apply to pricing methods for consumers to use electricity distribution systems, expanded definitions... [Read More]
Turkey Increases Administrative Fines Under Energy Legislation 3.83% for 2017
Turkey has increased administrative fines relating to electricity, natural gas, petroleum and liquefied petroleum gas by 3.83% for 2017. The revised rates will... [Read More]
Turkey Announces Principles and Procedures for Companies Under Trusteeship of the Savings Deposit Insurance Fund Due to Alleged Terror Links
Turkey’s Deputy Prime Ministry has announced procedures and principles for management, sale, termination and liquidation of companies which are under the trusteeship of... [Read More]
Turkey Updates Processes for Changing Electricity Suppliers and Increases Scope of Information Stored in Central Database
In Turkey, electricity consumers are only entitled to choose their electricity suppliers if their energy consumption at the location exceeds a certain threshold... [Read More]
Turkey Increases Lower Limit for Fines Relating to Competition Law Infringements 3.83% for 2017
The lower limit for Administrative Fines under the Law on the Protection of Competition number 4054 has increased by 3.83% for 2017, from... [Read More]
Turkey Announces 2017 Default Interest Rate for Late Payments to Creditors Regarding Commercial Goods and Services
Turkey’s Central Bank has updated the default interest ratio to 10.75% for late payments made to creditors in the context of commercial transactions... [Read More]
Turkey Overhauls Block Exemption for Vertical Agreements the Motor Vehicle Sector
Turkey’s block exemption for distribution agreements in the motor vehicle sector has been amended. Changes aim to address problems encountered during implementation of... [Read More]