20 Feb 2017
The Turkish Competition Board (“Board”) recently published a short form decision concluding that the Turkish Pharmacists Association had abused its dominant market position when procuring pharmaceuticals from abroad by executing exclusivity agreements with pharmaceutical suppliers. To procure pharmaceutical products […]
13 Feb 2017
Turkey has updated procedures and principles for the Undersecretariat of Treasury’s (“Treasury”) activities to support financial lease companies and banks which are shareholders of credit guarantee institutions. Amendments aim to improve access to finance for SMEs and non-SME beneficiaries. […]
6 Feb 2017
Turkey has introduced a legislative regime for experts involved in judicial processes, including procedures and principles for experts’ qualifications, training, selection and supervision. Regional Committees are introduced, located at regional courts of justice. These committees will establish and maintain […]
30 Jan 2017
Turkey and Venezuela have signed an extensive cooperation agreement in the energy sector, aiming to develop and promote the oil, gas and petrochemical sectors. Turkey’s Council of Ministers ratified the Agreement between the Governments of the Republic of Turkey […]
23 Jan 2017
Turkey’s Energy Market Regulatory Authority (“Authority”) has introduced new rules for natural gas importers. The rules introduce thresholds of natural gas which importers must be store in underground facilities within five years, as well as related document procedures. The […]
16 Jan 2017
Turkey’s Energy Market Regulatory Authority (“Authority”) has updated the methodology for determining government reimbursements for investments in building new electricity transmission facilities, as well as lines to connect production and consumption facilities to the transmission system. The methodology is […]
9 Jan 2017
Turkey’s Energy Market Regulatory Authority (“Authority”) has amended certain rules for natural gas licenses, including rules for merging distribution regions into a single license, determining license-exempt activities and natural gas storage obligations. The Regulation Amending the Natural Gas Market […]
2 Jan 2017
Turkey has updated and clarified procedures for company founders to sign articles of association at the establishment phase. For companies which have drafted articles of association via the Central Registration System, the founders must now actually attend the trade […]
26 Dec 2016
Turkey has announced secondary legislation outlining details for the newly introduced automatic private pension scheme, which will take effect from 1 January 2017 (more). The details particularly address employer obligations for participating in the scheme, as well as dealing […]
19 Dec 2016
Turkey has taken a series of new measures involving companies and public institutions in the wake of the State of Emergency declared on 21 July 2016. Notable recent measures include shifting trustee duties for entities deemed to be connection […]
