23 Feb 2017
Turkey has taken a series of new measures involving companies and public institutions in the wake of the State of Emergency first declared on 21 July 2016. Notable measures include allowing collection of certain receivables at a fixed Turkish […]
15 Dec 2016
The Turkish Competition Authority (“Authority“) published its final report into the cement sector (“Report“) on its website recently. The Report sheds light on future enforcement by the Competition Board (“Board“). Although it is not possible to directly attribute the […]
15 Nov 2016
Turkey has introduced major legislative changes to the pledge and assignment regime, which will facilitate access to finance for SMEs and boosts competitiveness. From January 2017, existing requirements for pledges on movables under the Turkish Civil Code will no […]
6 Nov 2016
Turkey has amended classification rules for banks (including foreign branches) which apply when classifying collectible credit groups and other receivables. The changes allow conditions of underlying agreements to be restructured more easily. Agreements can now be changed, provided they […]
31 Oct 2016
Turkey has tightened the legal regime for open chequing accounts, along with criminal sanctions for issuing dud cheques. Dud cheques were regularly issued in bad faith under the prior legislative regime. However, legislative amendments go a significant way towards […]
19 Sep 2016
First published in the IBA Antitrust Committee newsletter, September 2016. Enforcement trends for the presumption of concerted practice in Turkish competition law have developed over the last decade to integrate the presumption of innocence. However, a recent decision by […]
8 Jul 2016
Turkey’s Ministry of Energy and Natural Resources has announced principles and procedures for establishing the Authorized Legal Entities (“ALE”) which prepare reports, projects and any kind of technical document submitted to the General Directorate of Mining Affairs (“General Directorate”) […]
12 Jun 2016
Turkey has ratified a World Trade Organization (“WTO”) agreement establishing an international framework to reduce trade costs. Two thirds of WTO members must complete domestic ratification before the framework will enter into effect. Turkey ratified the Protocol Amending the […]
3 Dec 2015
In early 2015, the Turkish Competition Authority (“Authority”) published a comprehensive research report considering the wholesale and retail electricity markets (“Sector Report”). The Sector Report separately considered the privatization process and competition-related issues arising at each market level. Decisions […]
1 Dec 2015
The Energy Market Regulatory Authority (“EMRA”) has published draft regulation (“Draft Regulation”) which would amend the current regime for unlicensed electricity generation in Turkey. The Draft Regulation proposed changes to the Regulation on Electricity Generation without License in Electricity […]
