202102.22
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Extension for Submissions of Certificates of Origin

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…

202102.18
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LMAA’s Change Over the Years

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…

202102.08
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Surveillance Exemption in Import for Smartphone Production!

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…

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…

202102.01
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The Applicable Prices for Renewable Energy Power Plants Have Been Updated

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….

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…

202101.21
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PDPA Announcement on WhatsApp

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…

202101.15
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The Communiqué on Valuable House Tax

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…

202101.14
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The Regulation on Natural Gas Futures Market

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…