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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by Ergün Avukatlik Bürosu

View the listing for Ergün Avukatlik Bürosu

Recent Amendments to Environmental Impact Assessment Regulation

June 2017 - Projects, Energy & Natural Resources. Legal Developments by Ergün Avukatlik Bürosu.

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On 26 May 2017, the Environmental Impact Assessment Regulation has been amended to shorten the time frames for environmental impact assessment (“EIA”) process and to extend the scope of EIA requirement for solar and wind power projects.

Establishment of the Natural Gas Spot Market in Turkey

June 2017 - Projects, Energy & Natural Resources. Legal Developments by Ergün Avukatlik Bürosu.

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In line with the government’s objectives to make Turkey a regional hub for natural gas trading, a natural gas spot market has been established by the Natural Gas Organized Wholesale Market Regulation published in the Official Gazette on 31 March 2017.

Draft Amendments to the License-Exempt Electricity Generation Legislation

May 2017 - Projects, Energy & Natural Resources. Legal Developments by Ergün Avukatlik Bürosu.

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On 27 January 2017, the Turkish Energy Market Regulatory Authority (“EMRA”) published draft amendments to the license-exempt electricity generation legislation (“Draft Legislation”) on its website for opinions and comments of the public.

Implementation Regulations of the Movable Pledge Law

May 2017 - Finance. Legal Developments by Ergün Avukatlik Bürosu.

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The Regulations implementing the recent Movable Pledge Law (“Movable Pledge Law” or “Law“), namely the Regulation on the Perfection and Enforcement of Movable Pledge in Commercial Transactions, the Regulation on the Movable Pledge Registry, and the Regulation on the Valuation of Movable Assets in Commercial Transactions (collectively, the “Regulations“), have been issued and become effective as from January 1, 2017. As stated in our previous client alert, the Law was not clear on certain aspects, which were expected to be clarified in the Regulations.

New Industrial Property Law

April 2017 - Intellectual Property. Legal Developments by Ergün Avukatlik Bürosu.

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The Industrial Property Law abrogating the patchwork of decrees that governed intellectual and industrial property rights has been published in the Official Gazette and entered into force on January 10, 2017.

Privatization of Domestic Coal-Fired Power Plants in Turkey

April 2017 - Projects, Energy & Natural Resources. Legal Developments by Ergün Avukatlik Bürosu.

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The privatization tender of Çayırhan-2 coal reserve area and the construction of a coal-fired power plant project (“Çayırhan-2 Project”) was concluded on February 6, 2017, which has been the first of the new wave of privatization of coal reserves and construction of lignite coal-fired power plants in Turkey in line with the recent incentives regarding utilization of domestic coal reserves for electricity generation. This client alert outlines the main novelties in relation to this new wave of lignite-fired power plant tenders, which is expected to continue with several other privatizations in 2017 as explained below.

Important Changes to the Electricity Market Licensing Regulation

April 2017 - Projects, Energy & Natural Resources. Legal Developments by Ergün Avukatlik Bürosu.

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On February 24, 2017, the Energy Market Regulatory Authority (“EMRA”) published a Regulation (“Amending Regulation”) containing important changes to the Electricity Market Licensing Regulation (“Licensing Regulation”), including the removal of the share transfer restriction at the pre-license period for transfers to foreign companies and foreign-capital companies, and changes related to the Renewable Energy Resource Areas (“YEKA”). Highlights of major changes are as follows:

The New ICC Arbitration Rules

April 2017 - Litigation & Dispute Resolution. Legal Developments by Ergün Avukatlik Bürosu.

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As of 1 March 2017, the new Arbitration Rules of the International Chamber of Commerce (“New ICC Rules”) have come into effect and superseded the former version of the ICC arbitration rules, which have been in effect since 2012.

Novelties Introduced by the Movable Pledge Law

April 2017 - Finance. Legal Developments by Ergün Avukatlik Bürosu.

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As of January 1, 2017, Law No. 6750 on Pledge over Movable Assets in Commercial Transactions ("Movable Pledge Law"), which was enacted on October 20, 2016, entered into force and abolished Law No.1447 on Commercial Enterprise Pledge ("Commercial Enterprise Pledge Law"). The Movable Pledge Law introduces significant changes and offers more practical methods for establishing pledge over movable assets as explained below.

Turkish Health PPP Projects

April 2017 - Projects, Energy & Natural Resources. Legal Developments by Ergün Avukatlik Bürosu.

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The Turkish health sector has undergone major reforms over the past ten years as part of the health transformation program. The most important pillar of such program has been the development of public-private partnership (“PPP”) model health campus projects. More than twenty health campus projects with an investment amount of more than € 10 billion have been developed through PPP model in Turkey. They are currently at different stages ranging from tendering to operation, and more than ten health PPP projects are still in the pipeline.

Infrastructure REIC: An Alternative Source of Funding for Infrastructure Projects

April 2017 - Finance. Legal Developments by Ergün Avukatlik Bürosu.

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With the start of operation in certain BOT and other PPP model infrastructure projects in Turkey, refinancing alternatives have become more attractive and diversified. Capital market instruments and institutions are likely to have a greater share in the refinancings of projects which have become operational and the construction risks have been removed. Over the last few years, the use of capital market instruments in the infrastructure financings have gained a new impetus with the introduction of various incentives and financing solutions in this aspect. Most recently, the removal of the 1/3 and 1/5 bond issuance limits for healthcare PPP projects on 18 February 2017 represented an important step towards incentivizing the use of bonds in the healthcare sector. In line with this overall strategy, the government has also adopted various measures to make the Real Estate Investment Companies (“REICs”) more attractive for the financing/refinancing of infrastructure projects such as BOT, BLT and other PPP projects.

Ankara-Niğde Highway Project

April 2017 - Transport. Legal Developments by Ergün Avukatlik Bürosu.

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Tender process for 330 km Ankara-Niğde Highway Project has been launched by the General Directorate of Highways upon publication of the tender announcement in the Official Gazette on December 30, 2016.

Establishment of the Natural Gas Spot Market in Turkey

April 2017 - Projects, Energy & Natural Resources. Legal Developments by Ergün Avukatlik Bürosu.

More articles by this firm.

In line with the government’s objectives to make Turkey a regional hub for natural gas trading, a natural gas spot market has been established by the Natural Gas Organized Wholesale Market Regulation published in the Official Gazette on 31 March 2017.