26 Apr 2017
The Turkish Competition Board recently published a short-form decision concluding that Luxottica Gözlük Endüstri ve Ticaret A.Ş. abused its dominant position in the sunglasses market, violating Article 6 of the Law on Protection of Competition Number 4054. The Board […]
19 Apr 2017
The Turkish Competition Authority recently published a short-form decision from the Competition Board (“Board”) concluding that Mey İçki San. ve Tic. A.Ş. (“Mey İçki”) abused its dominant position in the Raki market (alcohol), violating Article 6 of the Law […]
12 Apr 2017
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has softened restrictions for individuals working as independent auditors. The new rules clarify the prohibition on individual auditors which prevents them from working for or being a shareholder, manager or […]
5 Apr 2017
Turkey has updated its regulatory regime for food labelling and nutrition information, to become in line with the European Union’s approach. The new regulations outline responsibilities, mandatory label information, as well as certain limits on nutrition claims. Two pieces […]
29 Mar 2017
Turkey’s Energy Market Regulatory Authority has introduced principles for natural gas distribution license holders to determine tariffs, identify investments deemed to be network building expenditures, as well as upper limits for these investments. The principles are intended to increase […]
22 Mar 2017
Turkey’s Energy Markets Regulatory Authority (“Authority”) has determined procedures and principles for investments necessary to deliver natural gas to areas with populations over 20,000 which do not fall within licenses holders’ current geographic license scopes. BOTAŞ, the state-owned transmission […]
15 Mar 2017
Turkey’s Capital Markets Board has decreased the ratio for leverage procedures from 100:1 to 10:1 and also increased the minimum initial margin requirement for FX transactions from 20,000 Turkish Lira to 50,000 Turkish Lira (or equal foreign currency), in […]
8 Mar 2017
Turkey has changed merger control requirements for mergers and acquisitions. Changes introduce new circumstances when parties can notify the Competition Board (“Board”) after a transaction has realized. Certain transactions within a three-year period will now be viewed as a […]
