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 […]
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 […]
Significant Amendments to the Personal Data Protection Law
13 March 2024 The long-awaited amendments to the Personal Data Protection Law No. 6698 (“Law”) were promulgated in the Official Gazette dated 12 March 2024. The respective amendments will enter into force as of 1 June 2024. To resolve the problems in the implementation of the Law and by taking into consideration the European Union […]
Amendments Brought under the 8th Judicial Package
12 Mart 2024 The Law on Amendments to the Criminal Procedure Law and Certain Other Laws numbered 7499 (the Law), which is publicly known as the “8th Judicial Package” has been adopted as law and came into force after it was published in the Official Gazette dated 12 March 2024 and numbered 32487. Summary Time […]
A Glance at Liquefied Natural Gas (LNG) Industry
March 2024 Due to its geopolitical position, Türkiye has been continuously seeking to strengthen its position in the natural gas trade. Adapting legislation and practice to technological advancements is key in this strategy. In this article, we review the status of LNG in Turkish legislation and the anticipated developments. Existing regulations on LNG under the […]
A Glance at Small Modular Reactors (SMR)
10 January 2024 Energy sector is transforming rapidly to achieve its current sustainability goals. Small Modular Reactor (“SMR”) technology, which offers a smaller, safer and more flexible alternative to traditional nuclear reactors, may play an important role in this transformation. In this article, we review the developments regarding SMRs around the globe and in Türkiye. […]
Turkish Electricity Market Review 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 […]
Electricity Market Regulations Brought Before the Courts
27 September 2023 The electricity market in Türkiye is a highly regulated sector. In recent years, both the changing dynamics of the Turkish electricity market and the developments in the global economy due to the pandemic, military conflicts, the climate crisis and green energy transition has led to even more interventions by the regulator. In […]