According to the Regulation on the Amendment of the Renewable Energy Resource Guarantee Certificate in the Electricity Market published in the Official Gazette dated May 21, 2021, the phrase “gas obtained from biomass (including landfill gas)” and “energy” was abolished from renewable energy sources. In addition, the phrase “Presidential Decree, Presidential Decision” has been included…
A tender has been initiated for the construction of the Çeşmeli-Kızkalesi section with the build-operate-transfer model within the scope of the Çeşmeli-Erdemli-Silifke-Taşucu Highway Project. The tender price has been determined as 50 thousand Turkish Liras including VAT and the amount of the bid is 25 million Turkish Liras. The tender will be held on 13…
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…
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…
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…
Steel hollow section, a kind of iron-steel product that Turkey exports to UK, have had an export quota of 32.387 tons between January 1st, 2021 and March 31st, 2021. Due to this imposing that results in restrictions in amounts and/or value in exportation, Turkey has reached its export quota limit as of the date of…
Provisions on the obligation of keeping commercial books, issuance of share certificate, transfer of share certificates in the Turkish Commercial Code (“TCC”) have been amended with the Law No. 7262 on Preventing the Financing of the Propagation of Weapons of Mass Destruction, published in the Official Gazette dated December 31, 2020. 1. Keeping share ledger,…
As it can be recalled, as of January 31st, 2020, the United Kingdom (“UK”) will exit the European Union and with the end of the transition period that commenced after Brexit on December 31st, any agreements and regulations between the EU and the UK will also be invalid. As of December 24, 2020, an agreement…
International cooperation in the field of taxation and prevention of tax losses is being carried out with the participation of many countries and it is also pursued by European Union (“EU”) and Economic Cooperation and Development Organization (“OECD”) that Turkey is a part of and international organizations and formations such as G20. As a result…
