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Turkey Amends How Certain Petroleum License Holders Must Prove they Meet Minimum Asset Thresholds
Turkey’s Energy Markets Regulatory Authority (“Authority”) has amended how distribution and bunker fuel delivery license holders in the petroleum market must prove they... [Read More]
Latest Measures in Turkey’s State of Emergency Introduce Employment Incentives and Fixed Currency Rate for Receivables
Turkey has taken a series of new measures involving companies and public institutions in the wake of the State of Emergency first declared... [Read More]
Turkey Updates Rules for Real Estate Investment Companies
Turkey’s Capital Markets Board (“Board”) has amended provisions governing the investments and activities of real estate investment companies (“Companies”). Notably, real estate investment... [Read More]
Turkish Competition Board: Turkish Pharmacists Association Abused Dominant Position
The Turkish Competition Board (“Board”) recently published a short form decision concluding that the Turkish Pharmacists Association had abused its dominant market position... [Read More]
Turkish Competition Board Fines Booking.com 2.5 Million Lira
The Turkish Competition Board (“Board”) recently published a short-form decision concluding that Booking.com B.V. had breached Article 4 of Law on Protection of... [Read More]
Turkey Amends Certain Tariff Calculation For Liquefied Natural Gas Storage Companies
Turkey’s Energy Market Regulatory Authority (“Authority”) has amended tariff-calculations for Liquefied Natural Gas storage companies. Amendments apply particularly to the Authority’s consideration of... [Read More]
Turkey Expands Scope of Permitted Activity for Portfolio Management Companies
Turkey’s Capital Markets Board has expanded the scope of permitted activity for portfolio management companies. With the changes, these companies can now be... [Read More]
Turkey Updates Treasury Support Scheme to Encourage Access to Finance
Turkey has updated procedures and principles for the Undersecretariat of Treasury’s (“Treasury”) activities to support financial lease companies and banks which are shareholders... [Read More]
Turkey Introduces Support Scheme for Investments Into R&D and Innovation Projects
Turkey has introduced a support scheme for investments into R&D, innovation, and high value-added projects. The scheme aims to encourage investments which support... [Read More]
Transition Period for Electricity Generation Facilities Extended in Turkey
Transition Period for Electricity Generation Facilities Extended in Turkey Turkey’s Ministry of Energy and Natural Resources has extended the transition period for acceptance... [Read More]
Turkey Announces Further Details of New Pledge and Assignment Regime
Turkey has introduced secondary legislation outlining details of major legislative changes to the pledge and assignment regime for commercial transactions. The updated legislative... [Read More]
Turkey Introduces Legislative Regime for Court Experts
Turkey has introduced a legislative regime for experts involved in judicial processes, including procedures and principles for experts’ qualifications, training, selection and supervision.... [Read More]