News & Insights
Helping clients navigate the evolving and increasingly complex Turkish regulatory environment across the full spectrum of industries
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Mondaq "Turkey: Project Finance Comparative Guide"
Legal Frame Work: Project finance transactions – comprising loan agreements, security agreements, and ancillary documents - are subject to the following laws: 1. The Law of Obligations; 2. The Commercial Law; 3. The Civil Law
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New Feed-in Tariffs for Renewable Energy in Turkey are Introduced
Presidential Decree No. 3453 (the “Decree”) introduced the new support mechanism for renewable electricity generation (“YEKDEM”) on 30 January 2021
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New Regulations Regarding the Valuable Housing Tax and the Related Communiqué
New regulations regarding the Valuable Housing Tax has been enacted and the Valuable Housing Tax Implementation Communiqué will be applicable from 1 January 2021.
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Amendments by Capital Markets Board and Amendments to Turkish Commercial Code
Capital Markets Board's new Communiqué on Exclusion from Partnership and Selling Rights and amendments to the Turkish Commercial Code regarding bearer shared entered into force.
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Prohibition on Assignment of Receivables Under Insurance Policies
Law on Amendments to Certain Laws and Civil Procedure Law, dated 22 July 2020, numbered 7251, incorporated a new clause to the Turkish Insurance Law dated 3 June 2017, numbered 5684.
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Application Deadline for Domestic Component* Additional Price is Extended
The Law on Renewable Energy Support provides additional tariffs for the investors that use domestically manufactured mechanical and/or electro-mechanical components
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Commercial Electronic Messages Management System (IYS) Has Been Extended
The deadlines for the registration date of service providers in the Commercial Electronic Messages Management System (IYS) and uploading the current approvals has been extended.
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Renewable Energy Support Mechanism (YEKDEM) Deadline Has Been Extended
According to the Presidential Decree (“Decree”) published on 18 September 2020, the operational deadline to benefit from YEKDEM has been extended until 31 June 2021.