The electricity market has been one of the most active and attractive markets for investors in the last years in Turkey. With the enactment of the previous Electricity Market Law in 2001 (the Previous EML), private investment became the principie, instead of being an exception in the market. This immediately started to show positive effects in attracting private investment – 10 years ago the private sector represented a mere 38% of the electricity market, which increased to…
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After a series of legislative efforts in the mid and late 1990 is, all of Turkey’s IP related laws and regulations, including the Decree Law No. 556 Pertaining to the Protection of Trademarks have become compliant in almost all aspects with EU legislation. In addition to such major amendments in the laws and regulations, establishment of specialized IP Courts in major cities and structural changes within enforcement authorities and customs have enhanced the implementation of…
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Introduction
In May 2013 the Appellate Body of the World Trade Organisation (WTO) rendered a decision against the Ontario government regarding a prerequisite that renewable energy power plants use a certain percentage of domestic components in order to be eligible for the feed-in tariff (FiT) mechanism. Although this decision is not binding on Turkey, it has important implications, as Turkey also incentivises the use of domestic components in renewable energy power plants.
As…
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Introduction
On February 19 2014 an omnibus law (Law 6518) was published in the Official Gazette that amends certain laws and decree-laws – including the Decree-Law on the Organisation and Duties of the Ministry of Family and Social Politics – and introduces new incentives. At first glance, these new incentives appear to be aimed at increasing local production of mid-tech and high-tech products by encouraging local research and development (R&D). As the pharmaceutical…
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In 2013, a significant number of M&A deals closed in Turkey. According to the Turkish Competition Authority’s 2013 annual report, there were 213 M&A transactions (and joint ventures) submitted to the Competition Authority for clearance in 2013. According to the records of the Competition Authority, the most active sectors have been energy, food and beverages, telecommunications, media and technology (TMT), transport and pharmaceuticals. The total deal value in 2013…
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As the Middle East becomes the second largest market for Turkish exports, and both regions benefit from significant bilateral investment, Turkish law firm Mehmet Gun & Partners analyses the background to this rapid growth Bilateral trade between the Middle East and Turkey has been on the rise. Turkey’s autonomous and independent position has made it a valuable ally for many MENA countries.
You can read the full article here: Turkey: Rising trends in bilateral trade
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