According to the announcement of Directorate of Privatization Administration published in the Official Gazette dated 07.05.2021, Taşucu Port owned by Türkiye Denizcilik İşletmecileri A.Ş. will be privatized for a period of 40 years with the method of “Transfer of Operational Rights” and by the method of Sale of Immovables located at the Backfield of…
The Economic Regulation Bill Has Passed into Law Ekonomiye İlişkin Düzenlemeler İçeren Kanun Teklifi Yasalaştı “The Law Amending the Law on the Procedure for the Collection of Public Receivables and Certain Laws” has been adopted by the General Assembly of Grand National Assembly of Turkey (“GNAT”). Pursuant to the relevant law: – Corporate Tax,…
The Law No. 6361 on Financial Leasing, Factoring and Financing Companies (“Law No.6361”) has been amended with the Official Gazette No.31416 dated 7 March 2021. According to these amendments, Banking Regulatory and Supervisory Authority (“BRSA”) has been authorized to render content removal/ access blocking decisions for individuals and companies that do not attain a…
Electronic Era in Corporation Establishment Şirket Kuruluşunda Elektronik Dönem Pursuant to “the Communiqué Amending the Communiqué on Signing of Articles of Incorporation At Trade Registry Offices” published on Official Gazette on 20th February, 2021 some amendments have been made to the signature procedure of corporation establishment. Before the amendments, for establishment of corporations and…
Extension for Submissions of Certificates of Origin Menşe Şahadetnamelerinin İbrazı İçin Ek Süre Pursuant to the “Regulation on Amendments to Customs Regulation” published on Official Gazette on February 13, 2021 the transitional provisions of the Customs Regulation regarding the late submission of documents certifying the origin of the goods have been amended. According to…
LMAA’s Change Over the Years LMAA’in Yıllar İçindeki Değişimi Bruce Harris, currently President of the London Maritime Arbitrators Association (“LMAA”) has been involved in maritime arbitration for almost 60 years and has been a full-time arbitrator in London for 40 years. In this article, the insightful observations of Mr. Harris on how the…
As it is common knowledge, surveillance is an application for monitoring the import of a product with the “Surveillance Certificate” to be issued by the Ministry of Trade. On this basis, a surveillance certificate is necessary in addition to the documents required by the customs legislation during import for the products subject to surveillance. While…
On August 11th 2020, the London International Court of Arbitration (“LCIA”) has officially accepted new arbitration rules. 2020 LCIA Arbitration Rules took effect on October 1st ,2020 and includes the following updates. As we struggle with the challenges posed by Covid-19 epidemic, parties are allowed to decide on the form of the hearing. Accordingly, it…
The Applicable Prices for Renewable Energy Power Plants Have Been Updated Yenilenebilir Enerji Üretim Tesisleri İçin Uygulanacak Fiyatlar Güncellendi Pursuant to Presidential Decree No: 3453 published on the Official Gazette dated 30.01.2021, the applicable prices and periods for power plants based on renewable energy sources with Renewable Energy Resource (“RES”) Certificate have been determined….
As of 2021, the world’s leading arbitration centers, the International Chamber of Commerce International Arbitration Court (“ICC”) has started to apply new arbitration rules. New arbitration rules will be applied for the disputes to be brought before the ICC as of January 1, 2021. The 2021 Rules address the ongoing efforts of the…
