News & Insight
Energy Market Regulatory Authority’s (“EMRA”) decision numbered 9276 and dated 02.04.2020 has been published on the Official Gazette numbered 31089 ad dated 04.04.2020. EMRA declares COVID-19 pandemic, which continues its adverse effects across the world and Turkey, as a force majeure event within the scope of Electricity Market License Regulation (“License Regulation”) Article 35 and […]
Circular No. 2020/5 (“Circular”) regarding COVID-19 pandemic’s impact on public procurements has been published on the Official Gazette numbered 31087 and dated 02.04.2020. Circular provides the following regulations within the scope of Public Procurement Law No. 4734 (“Public Procurement Law”) in order to prevent the pandemic and reduce its adverse effects across the country: Within […]
The Law No. 7194 on Digital Service Tax and the Amendment of Certain Laws and Law Decree No. 375 (the “Law”) which was published on Official Gazette dated December 7, 2019 and No. 30971 and entered into force on 1 March 2020, introduces digital service tax on revenues derived from certain digital services provided in […]
COVID-19 Pandemic’s Impact on Employment Contracts Having spread to most of the countries and identified as a pandemic by the World Health Organization, COVID-19 is substantially affecting the global markets as well as Turkey. Extraordinary measures have been taken not only by governments and authorities but also by the private companies. Some of employers are […]
Repercussions on Events of Force Majeure And Impossibility Special Focus on the New Coronavirus: NCOVID-19 Ncovid-19 (novel coronavirus or Wuhan virus) has been classified as a pandemic by the World Health Organisation on 11.03.2020.[1] However, even before that official characterisation, the virus outbreak was affecting the normal course of things in a number of countries […]
Introduction Regulation Regarding Acceptance of Electricity Production and Storage Plants (“Regulation”) has been prepared by the Ministry of Energy and Natural Resources (“Ministry”) and published on the Official Gazette dated 19.02.2020 and numbered 31044. The Regulation abolishes the Regulation on Acceptance of Electricity Generation Plants (“Former Regulation”) published on the Official Gazette dated 06.11.2015 and […]
Turkey introduced the Valuable Housing Tax (the “VHT”) under the law numbered 7194 which was published on the Official Gazette No. 30971 dated December 7, 2019 and made crucial amendments to the Real Estate Tax Law No. 1316. The Law numbered 7221 (the “Law”) which was published on the Official Gazette dated 20 February, 2020 […]
The Legal 500 Oil and Gas Guide – Turkey Chapter written by Kesikli Law Firm We are pleased to announce that Kesikli Law Firm has accepted to contribute to The Legal 500: Turkey Oil & Gas Guide as the exclusive author of the Turkey Chapter, which has been published by the Legal 500 recently. The […]
New Taxes Imposed on Valuable Houses in Turkey – Valuable House Tax in Effect For the first time in the history, Turkey ratifies the Valuable Housing Tax (the “VHT”) under the law numbered 7194 which was published on the Official Gazette No. 30971 dated December 7, 2019 (the “Law”) and makes crucial amendments to the Real Estate Tax Law No. 1316. […]
A Commonly Overlooked Question: Are You Really Free to Enter into a Contract with a Turkish Entity in a Foreign Language? Especially in the last two decades, Turkey has been trying to create an investment-friendly environment for foreign investors. This has resulted in entry of many foreign investors to the country – in addition to […]