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Update on 2021 ICC Arbitration Rules

Update on 2021 ICC Arbitration Rules

As of 01.01.2021, new ICC Rules for Arbitration have become effective. Here in this paper, we would like to outline the revisions that stand-out in the new 2021 ICC Rules. a. Joinders Pursuant to 2017 ICC Rules, unless otherwise is agreed by all parties (including the additional parties), joinders after the confirmation or appointment of […]

Opportunities for Foreign Investors in Turkey

Opportunities for Foreign Investors in Turkey

As a fast-growing economy in a strategically vital locale between Europe and the Middle East, a robust business community and a young population — Turkey offers many opportunities for foreign investors. Too, in recent months, the Turkish Government has announced a renewed commitment to reform to attract more foreign investment – redoubling a long-standing tradition […]

Turkey Signs a Free Trade Agreement with the United Kingdom

Turkey Signs a Free Trade Agreement with the United Kingdom

The UK-Turkey Free Trade Agreement (the “FTA”) was signed on 29.12.2020 by the UK’s International Trade Secretary Liz Truss and Turkey Minister of Commerce, Ruhsar Pekcan in a video-conference call and will be effective as of January 1st, 2021. Although Turkey is not a member of the EU, it has been a member of EU […]

12:31 , 04/01/2021 Comments Off on Turkey Signs a Free Trade Agreement with the United Kingdom
Amendments to the Consumer Protection Legislation

Amendments to the Consumer Protection Legislation

Amendments and additions have been made to the consumer protection legislation with the Regulation Amending the Regulation on Warranty Certificate (the “Warranty Certificate Amending Regulation”), the Regulation Amending the Regulation on After-Sales Services (the “After-Sales Services Amending Regulation”) and the Regulation Amending the Regulation on Introduction and User Manual (the “Introduction and User Manual Amending […]

10:02 , 30/12/2020 Comments Off on Amendments to the Consumer Protection Legislation
Energy Law Update: Amendments to the Electricity Market Law

Energy Law Update: Amendments to the Electricity Market Law

Having been published on the Official Gazette No. 31322 dated 02.12.2020, the Law No. 7257 Regarding Amendments to the Electricity Market Law and Other Laws (the “Law”) brings important changes to the Value Added Tax Law No. 3065, Natural Gas Market Law No. 4646, Mining Law No. 3213, Public Procurement Law No. 4734, Law No. […]

13:20 , 04/12/2020 Comments Off on Energy Law Update: Amendments to the Electricity Market Law
Energy Law Update: Amendments on the Law Regarding Renewable Energy Sources

Energy Law Update: Amendments on the Law Regarding Renewable Energy Sources

Having been published on the Official Gazette No. 31322 dated 02.12.2020, the Law No. 7257 Regarding Amendments to the Electricity Market Law and Other Laws (the “Law”) brings important changes to the Value Added Tax Law No. 3065, Natural Gas Market Law No. 4646, Mining Law No. 3213, Public Procurement Law No. 4734, Law No. […]

12:38 , 04/12/2020 Comments Off on Energy Law Update: Amendments on the Law Regarding Renewable Energy Sources
Application Period for Short-Time Working Allowance Has Been Extended

Application Period for Short-Time Working Allowance Has Been Extended

The Presidential Decree No. 3238 (the “Decree”) regarding extension of application period for short-time working payments has been published on the Official Gazette No. 31321 dated December 1st, 2020. Short-time working allowance period, that was regulated subject to the principles as per the Temporary Article 23 of the Unemployment Insurance Law No. 4447, has been […]

12:00 , 01/12/2020 Comments Off on Application Period for Short-Time Working Allowance Has Been Extended
Energy Law Update: Electricity Futures Market Postponed to June 2021

Energy Law Update: Electricity Futures Market Postponed to June 2021

The decision No. 9965-2 of the Electricity Market Regulatory Board (the “EMRB”) in relation to Principles and Procedures Regarding Electricity Futures Market Operation (the “EFM Principles and Procedures”) that regulates the futures transactions in the electricity market was published on the Official Gazette No. 31027 dated 02.02.2020. The effective date which was determined as 01.12.2020 […]

12:11 , 23/11/2020 Comments Off on Energy Law Update: Electricity Futures Market Postponed to June 2021
Enforcement Of Foreign Judgements In Turkey – Series No. 2

Enforcement Of Foreign Judgements In Turkey – Series No. 2

Enforcement of Russian Judgements As we explained in our previous insight regarding enforcement of foreign judgements in Turkey (which you may access by clicking here), in order for a foreign judgement to be enforced in Turkey a judgement to that effect needs to be acquired from a Turkish court. Apparently, the same rules and procedure, […]

12:14 , 20/11/2020 Comments Off on Enforcement Of Foreign Judgements In Turkey – Series No. 2
Green Certificates In Turkish Electricity Market

Green Certificates In Turkish Electricity Market

1. Purpose and Scope Having been published on the on the Official Gazette No. 31304 dated 14.11.2020 the Regulation Regarding Renewable Energy Source Guarantee Certificate (the “Regulation”) regulates the establishment of renewable energy source guarantee certificate system (“YEK-G System”) which provides the opportunity to follow, prove and disclose the source of electricity supplied to the […]

20:07 , 18/11/2020 Comments Off on Green Certificates In Turkish Electricity Market