Ankara-Niğde Highway Project
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
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.
Amendments to the renewables incentives scheme aimed to save the renewable energy from collapse
Background The green certificates support scheme in a nutshell Romania implemented a support system for renewable energy based on green certificates (GCs) granted free of charge to producers of electricity from certain renewable energy sources (hydropower <10 MW, wind, solar, biomass, landfill gas and sewage treatment plants), and an obligation imposed on electricity suppliers to …
Corporate Governance Problems in Kazakhstan
In the course of our (Synergy Partners Law Firm) corporate law practice, we conducted legal due diligence in relation to more than 15 different Kazakhstani companies of different sectors, both large and medium-sized. Our experience helped us to identify some common problems in corporate governance. These problems can be observed by financiers, accountants and managers, …
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Luxembourg exchange becomes international leader for green securities
Since the autumn of 2016, the Luxembourg Stock Exchange has operated the first listing and trading platform worldwide reserved exclusively for environment-focused financial instruments. The Luxembourg Green Exchange (LGX) provides access to securities from a broad range of issuers that are recognised globally as authentically green and offers enhanced information about their environmental characteristics.
Malta: a new magnet for High Net Worth Individuals
Malta has hit headlines for its record economic performance during the last decade and has grown into a booming financial centre in the Euro-Mediterranean region. Sunseeker interviews prominent Maltese lawyer Dr Jean-Philippe Chetcuti, managing partner of Chetcuti Cauchi Advocates, on the reasons for Malta’s attractiveness to affluent international families.
Quarterly Update on Anti-Dumping Cases in Turkey
In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, is given to the Ministry of Economy ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
Significant amendments to Austrian Competition Law – Part I (Overview)
On 6 April 2017, the Austrian Parliament adopted significant amendments to Austrian competition law, as set forth in the Austrian Cartel Act ("KartG") and the Act on the Austrian Federal Competition Authority ("WettbG"). The amendments concern three main areas: (i) implementation of the EU Damages Directive; (ii) introduction of an additional transaction value test in merger control; …
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ECJ Allows Prohibition of Headscarves at Workplace
Employers may prohibit their employees from wearing Islamic headscarves and other religious or political symbols, subject to certain conditions. On 14 March 2017, the European Court of Justice (the "ECJ") adopted a corresponding ruling in Luxembourg and decided on two cases in this respect, one dealing with a receptionist from Belgium and the other with …
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Slovenia Adopts New State Aid Legislation
Slovenia adopted a new law regulating rescue and restructuring state aid, which entered into force in mid-February. When notified to the European Commission as a state aid scheme, it will allow the Republic of Slovenia to support companies and cooperatives in difficulty without having to notify support mechanisms in accordance with the provisions of the …
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