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…
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….
PDPA Announcement on WhatsApp WhatsApp Hakkında KVKK Duyurusu On 12.01.2021, Personal Data Protection Authority (“PDPA”) has published a public announcement on its website regarding the policy of Whatsapp application. Aforementioned announcement briefly covers the following: The conditions for processing the personal data have been regulated in Article 5 of Personal Data Protection Law No.6698…
The Communiqué on Valuable House Tax Değerli Konut Vergisi Tebliği The “General Communiqué for the Implementation of Valuable House Tax” was published on the Official Gazette dated 15.01.2021. The valuable house tax will be imposed on the houseowners whose properties’ tax value exceeds 5 million 250 thousand Turkish Liras. The accrued valuable house taxes…
The Regulation on Natural Gas Futures Market Vadeli Doğal Gaz Piyasasına İlişkin Düzenleme “The Regulation Amending the Organized Natural Gas Wholesale Market Regulation” was published on the Official Gazette dated 12.01.2021. According to the concerned regulation; the market participants who would like to carry transactions in the natural gas futures market, shall sign the…
e-Mining Application Update e-Maden Uygulaması Güncellemesi Pursuant to the announcement dated 06.01.2021 of the General Directorate of Mining and Petroleum Affairs (“General Directorate”); State rights, business license fees, environmental compliance fees/securities that have been deposited to the General Directorate can be viewed by the license owners on e-Government Gateway through e-Mining application on Financial…
Central Bank Default Interest Rate for 2021 2021 Yılı Merkez Bankası Temerrüt Faizi Oranı Pursuant to the Communiqué No. 31352 issued by Central Bank of the Republic of Turkey (“Central Bank”) published on Official Gazette dated 02.01.2021, the default interest rate of 2021 for the procurement of goods and services has been determined. According…
Amendment on the Implementation of Article 376 of the TCC TTK’nın 376. Maddesinin Uygulamasında Yapılan Değişiklik “Communiqué on the Amendment Regarding the Communiqué on the Procedures and Principles Regarding the Application of Article 376 of the Turkish Commercial Code No. 6102 (‘Communiqué’)” was published on Official Gazette dated 26.12.2020 Pursuant to this Communiqué, the…
