• Recent Keynotes of August 2016
  • December 29, 2016
  • Law Firm: Erdem Erdem Law Office - Istanbul Office
  • Recent Keynotes

    International Agreements

    • Law numbered 6726 on the Ratification of the Development Cooperation Agreement concluded between the Governments of Republic of Turkey and Hashemite Kingdom of Jordan entered into force through publication in the Official Gazette dated 28.07.2016 and numbered 29784.
    • Law numbered 6725 on the Ratification of the Free Trade Agreement concluded between the Governments of Republic of Turkey and Republic of Moldova entered into force through publication in the Official Gazette dated 28.07.2016 and numbered 29784.
    • The Resolution of the Council of Ministers dated 04.07.2016 and numbered 2016/9045 on the Ratification of the Air Transportation Agreement concluded between the Governments of Republic of Turkey and the Republic of South Sudan was published in the Official Gazette dated 06.08.2016 and numbered 29793.
    • The Resolution of the Council of Ministers dated 04.07.2016 and numbered 2016/9037 on the Ratification of the Cooperation and Mutual Assistance Agreement on Custom Issues concluded between the Governments of Republic of Turkey and the People's Republic of Bangladesh was published in the Official Gazette dated 07.08.2016 and numbered 29794.
    • The Resolution of the Council of Ministers dated 06.06.2016 and numbered 2016/8982 on the Ratification of the Cooperation Agreement on Energy Area concluded between the Governments of Republic of Turkey and Georgia was published in the Official Gazette dated 10.08.2016 and numbered 29797.
    • Regulation on the Implementation of Technological Development Areas entered into force and being valid from 01.03.2016 through publication in the Official Gazette dated 10.08.2016 and numbered 29797.
    Resolution of the Council of Ministers
    • The Resolution of the Council of Ministers dated 20.07.2016 and numbered 2016/9064 on the Declaration of a Countrywide State of Emergency for Ninety Days as of 01.00 am, 21.07.2016 in accordance with Article 12 of the Constitution, and Subparagraph (b) of the First Paragraph of Article 3 of State of the Emergency Law was published in the Official Gazette dated 21.07.2016 and numbered 29777.
    Legislation
    • The Grand National Assembly of Turkey Decision dated 21.07.2016 and numbered 1116 on the Announcement of a Countrywide State of Emergency was published in the Official Gazette dated 22.07.2016 and numbered 29778.
    • Law Numbered 6723 on the Amendment of the Council of State Law and Other Certain Laws entered into force through publication in the Official Gazette dated 23.07.2016 and numbered 29779.
    • The National Estate General Communique (Serial No: 371) entered into force through publication in the Official Gazette dated 24.07.2016 and numbered 29780.
    • The Statutory Decree on Taking Certain Measures in relation to the State of Emergency and Establishment of University of National Defense and Amendment to Certain Laws dated 25.07.2016 and numbered KHK/669 entered into force through publication in the Official Gazette dated 31.07.2016 and numbered 29787.
    • The Regulation on the Amendment to the Regulation on the Practice Principles of Highways Motor Vehicles Compulsory Liability Insurance Tariff entered into force through publication in the Official Gazette dated 03.08.2016 and numbered 29790.
    • The Regulation on the Amendment to the Regulation on the Procedures and Principles in the Determination of Qualifications of Loans and Other Receivables by Banks and Correspondences to be Reserved for These entered into force through publication in the Official Gazette dated 05.08.2016 and numbered 29792.
    • The Regulation on the Principals and Rules of Retail Sales entered into force through publication in the Official Gazette dated 06.08.2016 and numbered 29793.
    • The Resolution of the Council of Ministers dated 18.07.2016 and numbered 2016/9073 regarding the Imposition of Additional Financial Obligation to Coal Importation entered into force through publication in the Official Gazette dated 02.08.2016 and numbered 29789.
    • Law numbered 6728 on the Amendment to Several Laws Concerning Improvement of Investment Environment was published in the Official Gazette dated 09.08.2016 and numbered 29796.
    • The Resolution of the Council of Ministers dated 04.08.2016 and numbered 2016/9096 on the Procedures and Principals of Procurement of Electricity Energy from the Companies Operating Domestic Coal-Fired Electricity Generation Plants by Türkiye Elektrik Ticaret ve Taahhüt Anonim Sirketi entered into force through publication in the Official Gazette dated 09.08.2016 and numbered 29796.
    • Law on Restructuring of Certain Receivables numbered 6736 entered into force through publication in the Official Gazette dated 19.08.2016 and numbered 29806.
    • Law on International Labor Force numbered 6735 entered into force through publication in the Official Gazette dated 11.08.2016 and numbered 29796.
    Competition Board Decisions
    • The Board authorized the establishment of a joint venture by BMC Otomotiv Sanayi ve Ticaret A.S., Rheinmetall International Holding AG and Etika Strategi SDN BHD. (18.08.2016,16-28/481-215)
    • The Board authorized the acquisition of a certain amount of shares held by Cem SAK, Yusuf TOP, Baser Maden San. ve Tic. A.S. and Ado Madencilik Elektrik Üretim San. ve Tic. A.S. of Adoçim Marmara Çimento Beton San. ve Tic. A.S., by Salentijn Properties 1 B.V. (18.08.2016, 16-28/479-214)
    • The Board authorized the transition from joint control to sole control of shares of Lacivert Eǧitim Hizmetleri A.S., entirely held by Campus Holding S.A.R.L., through acquisition of the same by Bahçesehir Okullari A.S. and its shareholders, Enver YÜCEL and Hüseyin YÜCEL. (18.08.2016, 16-28/473-212)
    • The Board authorized the acquisition a certain portion of shares of Citypet Petrolcülük A.S. under the control of Lokal Insaat Enerji Petrol Nakliyat Gida San. ve Tic. A.S., by BBE Enerji ve Petrol Ltd. Sti. (18.08.2016, 16-28/471-210)
      • The Board authorized the acquisition of the sole control of Tenke Fungurume Mining S.A.R.L by China Molybdenum Co. Ltd. (18.08.2016, 16-28/470-209)
      • The Board authorized the acquisition of control of Scholz Holding GmbH by Chiho-Tiande Group Limited. (10.08.2016, 16-27/459-208)
      • The Board authorized the acquisition of all of the registered public shares of Syngenta AG by China National Agrochemical Corporation (CNAC), and all American Depositary shares issued by New York Melon Bank, acting as trustee of Syngenta. (10.08.2016, 16-27/459-207)
    • The Board authorized the merger of IMS Health Holdings, Inc. and Quintiles Transnational Holdings Inc. (10.08.2016, 16-27/460-206)
    • The Board authorized the merger of FMC Technologies, Inc. and Technip S.A. (10.08.2016, 16-27/459-205)
    • The Board decided that the Board of Directors Resolution of the Banks Association of Turkey suggesting the exchange commission fees on money cheques exchanges to be applied at the sum of TL 15 is within the scope of Article 4 of Act No. 4054; as a result of characteristic conditions of the service market which payments made with money check, the Board of Directors Resolution, subject to notification, is to be granted an extension pursuant to Article 5 of Law numbered 4054 in the event of usage of a weighted mean method considering the size of foreign money cheque transactions; the term of the extension to be determined as 2 years starting from certification within 30 days that the above-mentioned condition is met. (11.08.2016, 16-26/441-199)
    • The Board authorized the establishment of joint control through the acquisition of a certain amount of shares of Peker Yüzey Tasarimlari Sanayi ve Ticaret A.S. by Magnesia S.A.R.L. (04.08.2016, 16-26/449-204)
    • The Board authorized the acquisition of control of Solventas Teknik Depolama A.S. by Yilport Konteyner Terminali ve Liman Isletmeleri A.S. (04.08.2016, 16-26/447-203)
    • The Board authorized the acquisition of Tedrive Steering Systems GmbH and its affiliates by Knorr-Bremse Systeme für Nutzfahrzeuge GmbH, which is under the control of Knorr-Bremse AG and Robert Bosch GmbH. (04.08.2016,16-26/446-202)
    • The Board authorized the acquisition of a certain amount of shares and the sole control of Mitsubishi Motors Corp. by Nissan Motor Co. Ltd. (04.08.2016,16-26/446-202)
    • The Board authorized the establishment of joint control over WireCo World Group Inc. by Onex Corporation and Paine&Partners LLC in consequence of the acquisition of the majority shares of WireCo World Group Inc. by Onex Corporation. (04.08.2016, 16-26/439-197)
    • The Board authorized the transfer of control of OTS Iç ve Dis Ticaret A.S. from the joint control of Onur ÖZ and H. Brunner GmbH to the sole control of H. Brunner GmbH through the share transfers of OTS Iç ve Dis Ticaret A.S. (04.08.2016, 16-26/438-196)
    • The Board authorized the acquisition of the sole control of Digitouch Dijital Pazarlama ve Medya A.S. by Publicis Groupe Holdings B.V. (04.08.2016, 16-26/437-195)
    • The Board authorized the acquisition of a certain amount of shares of HMF Asansör ve Servis Sanayi ve Ticaret A.S. by Hyundai Elevator Company Limited. (04.08.2016, 16-26/435-193)
    • The Board authorized the acquisition of the joint control of the corporate shares of the National Bank of Greece S.A., or its affiliates, held by 11 limited liability companies that are directed by NBGI PE, which is a 100% affiliate of the National Bank of Greece S.A, by Goldman Sachs Asset Management, L.P and Deutsche Alternative Asset Management. (27.07.2016, 16-25/422-190)
    • The Board authorized the acquisition of tenancy rights and certain fixed assets of entities marked as “Çaǧri Semt” and being operated by Semt Marketçilik Lojistik Ins. San. ve Tic. A.S. by Yeni Maǧazacilik A.S. (27.07.2016, 16-25/421-189)
    • The Board authorized the acquisition of a certain number of shares of Acron Bilisim A.S. by EOH International Proprietary Limited. (27.07.2016, 16-25/419-188)
    • The Board authorized the establishment of a joint venture by Japan Tunnel Systems Corporation, which is an affiliate of IHI Corporation and JFE Engineering Corporation and Mitsubishi Heavy Industries Mechatronics Systems, Ltd. which is an affiliate of Mitsubishi Heavy Industries, Ltd. (27.07.2016, 16-25/418-187)
    • The Board authorized the acquisition of a certain number of shares of Reichhold Kimya Sanayi ve Ticaret A.S. by Volantis Kimya Sanayi ve Ticaret A.S., Yakut ISÇIMENLER and Kutis Kimya Sanayi ve Ticaret A.S. (27.07.2016, 16-25/417-186)
    Energy
    • The Energy Market Regulatory Authority Decision dated 14.07.2016 and numbered 6389 on the “Procedures and Principles on Tariff Calculation for Liquefied Natural Gas Impounding Companies,” entered into force through publication in the Official Gazette dated 22.07.2016 and numbered 29778.
    • The Regulation on the Amendment of the Electrical Network Regulation entered into force through publication in the Official Gazette dated 30.07.2016 and numbered 29786.
    • The Regulation on the Amendment in the Electricity Market Utilization of Connection and System Regulation entered into force through publication in the Official Gazette dated 30.07.2016 and numbered 29786.
    • The Regulation on the Amendment in the Electricity Market Consumer Services Regulation entered into force through publication in the Official Gazette dated 04.08.2016 and numbered 29791.
    Banking Regulation and Supervision Agency Decisions
    • The Banking Regulation and Supervision Agency Decisions dated 22.07.2016 and numbered 6947 on the revocation of activity authorization of Asya Katilim Bankasi A.S. was published in the Official Gazette dated 23.07.2016 and numbered 29779.