Amendments Regarding License-exempt Electricity Generation
Download PDF 21 May 2024 The Regulation Amending the Regulation on License-exempt Electricity Generation in the Electricity Market (the “Amendment Regulation”), the draft of which was opened for public views in recent months, entered into force on 14 May 2024. Term of Call Letters and Connection Agreement Preconditions The term for signing a connection agreement […]
Draft Law on Crypto Assets Has Been Submitted to the Turkish Parliament
Download PDF 20 May 2024 The Draft Law That Makes Certain Amendments on the Capital Markets Law No. 6362, which introduces provisions related to crypto assets and their trading activities on platforms (the “Draft Law”) was submitted to the Turkish Parliament on 16 May 2024. Principles on the Establishment and Operation of Crypto Asset Service […]
Law No. 7501 Introducing Significant Amendments to the Mining and Energy Laws
Download PDF 15 May 2024 Law No. 7501 on Amendments to the Mining Law and Certain Other Laws (the “Law”), which envisages significant amendments to the mining and energy legislation, entered into force on 11 May 2024. Amendments to the Mining Law Reporting obligations as to reserves and operation targets under the National Mineral Resource […]
Draft Law on Amendments to the Turkish Commercial Code and Certain Other Laws
Download PDF 07 May 2024 The Draft Law on Amendments to the Turkish Commercial Code and Certain Other Laws (the “Draft Law”), which introduces changes related to Turkish companies’ management and capital requirements, was submitted to the Presidency of the Turkish parliament on 3 May 2024. We reviewed the changes proposed to the Turkish Commercial Code numbered […]
Çakmak represented the European Bank for Reconstruction and Development (EBRD) in its EUR 25 million loan to TEB.
We are proud to have represented The European Bank for Reconstruction and Development (EBRD) in its EUR 25 million loan to Türk Ekonomi Bankası A.Ş. (TEB), which marks its first transaction under EBRD’s new Digital Transformation Financing Facility Programme. This transaction aims to bolster the digital transformation investments of small and medium-sized enterprises, paving the […]
Çakmak acted as Turkish counsel in Akbank’s $600 Million sustainable syndicate loan renewal.
We are pleased to announce that we have acted as local Turkish counsel to a syndicate of 45 banks from 20 countries on the renewal of Akbank’s sustainable syndicated loan for USD 600 million. The transaction is structured to allocate the proceeds according to Akbank’s Sustainable Finance Framework, which is an important development for syndicated […]
An Innovative Method in Development of Energy Projects: ESCO Model
3 April 2024 Increasing energy costs and carbon reduction goals as part of the 2053 net-zero emission targets are encouraging companies to develop green transition roadmaps and invest in renewable energy. Energy performance contracts (EPC) and their main actors, energy service companies (ESCO), are key to successful implementation of these projects. In this article, we […]
Çakmak represented Bayerische Landesbank in its financing to Aksa Enerji.
We are proud to have represented Bayerische Landesbank in its Finnvera backed financing to Aksa Enerji Üretim A.Ş. for purposes of the modernization of the Taşkent B and Buhara natural gas power plants located in Uzbekistan. The Çakmak team was led by partner Devrim Ergun and included counsel Nazlı Başak Ayık and associate Nehar Çakmakcı. […]
AeroJuris 2023
Significant Amendments to the Payment Services Secondary Legislation
Download PDF October 2023 The long-awaited amendments to the secondary legislation of the Law No. 6493 on Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions (“Law”), namely the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) and the Communiqué on Information Systems of Payment and Electronic Money […]