202105.24
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Biomass Energy is Abolished from Renewable Energy Sources!

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…

202105.17
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Tender Initiated for Çeşmeli – Kızkalesi Highway Project!

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…

202105.10
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Privatization of Taşucu Port

  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…

202103.12
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BRSA Authorized to Block Access

  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…

202102.04
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New Arbitration Rules of the LCIA

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…

202101.25
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Customs duty in the rate of 25% will be paid for the exportation of iron – steel products to UK!

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…