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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 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]
