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Turkey Announces Secondary Legislation with Rules and Exceptions for Substances Which Deplete the Ozone Layer
Turkey ratified the Montreal Protocol on Substances that Deplete the Ozone Layer in 1991 (“Protocol”) and has now introduced secondary legislation in line... [Read More]
Turkish Constitutional Court: Government Body Holds Burden of Proof in Lawsuits Against Administrative Fines
The Turkish Constitutional Court recently ruled that the Criminal Court of Peace violated an applicant’s presumption of innocence by failing to investigate his... [Read More]
VAT Exemption for Foreigners Purchasing Residence and Office Premises Using Foreign Currency
Turkey has introduced a VAT exemption for the first time a particular property is purchased by a foreigner as a residence or office,... [Read More]
Turkish Competition Board Publishes 2016 M&A Activity Report
Turkey’s Competition Authority (“Authority“) recently published a report on mergers and acquisitions examined by the Competition Board (“Board“) during 2016 (“Report”). The Report... [Read More]
Turkey Updates Financial Guarantee Arrangements in Wholesale Electricity Market
Turkey’s Energy Market Regulatory Board (“Board”) has amended procedures for financial guarantees in the wholesale electricity market. Amendments address the market operator’s (Enerji... [Read More]
Turkey Introduces New Definitions and Measurement Specifications for Food Additives, in line with European Union
Turkey has introduced new definitions and measurement specifications for food additives, in line with the European Union’s approach. These changes follow a series... [Read More]
Real Estate Certificates Now Regulated Under the Capital Markets Law in Turkey
Turkey has taken a series of new measures involving companies and public institutions in the wake of the State of Emergency declared on... [Read More]
Turkey Introduces Additional Environmental Approval Mechanism for Certain Government Projects
Turkey has introduced an additional environmental assessment mechanism for approving certain types of government projects, which have the most significant environmental effects. The... [Read More]
Turkey Clarifies Tender Rules for Wind and Solar Power Plant Pre-Licenses
Turkey’s energy regulator has updated the tender rules for determining eligible bidders for grid connections during pre-license applications for wind and solar power... [Read More]
Commercial Registries to Take Over Incorporation and Capital Increase Fee Collection from Competition Authority in Turkey
The 0.04% fees paid during company incorporation and capital increases for joint stock or limited companies will now be paid to commercial registries,... [Read More]
Turkish Financial Incentives Scheme Extended for Investments in Storage and Nuclear
Turkey has extended the scope of financial incentives offered for investments in certain industries. The Investment Incentive Scheme divides Turkey into six regional... [Read More]
Turkey Updates Waste Incineration Regime, Restricting Common Burning Plants to Hazardous Waste Only
Turkey has updated its waste incineration regime, to keep up with technological and sector developments. Notably, only “hazardous wastes” can now be incinerated... [Read More]
