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The Law No. 7297 Amending Certain Other Laws ("Law No. 7297"), which was published in the Official Gazette on 20 March 2021, introduced significant changes to the Law No. 3996 Concerning the...

License holders producing electricity from renewable sources must submit their applications for Renewable Energy Resources Support Mechanism until 31th October 2014.

On 17 July 2021, the Capital Markets Board of Turkey published the communique on project bonds regulating project-based securities.

The Proposed Amendments to the Capital Markets Law No. 6362 (the "Law") was introduced for discussion to the Grand National Assembly of Turkey on February 6, 2020.

The Asian Infrastructure Investment Bank ("AIIB"), a new multilateral development bank established after China proposed the initiative in 2013, officially became operational on January 16, 2016...

Turkey has ratified the foundation of the Asian Infrastructure Investment Bank ("AIIB") into local law as one of the project's co-founders.

The construction contract in an international project financing serves to give the project company a fully completed and equipped facility.

The Communiqué on Procedure and Principles of Implementation of Provisional Article 13 of the Turkish Commercial Code No. 6102...

Long term contracts with output purchasers are the source of cash flow by which the lenders may be paid.

It has been a while since we published our article titled "Green Bonds or Greenwash?", published on Mondaq on May 6, 2015.

Alacer Gold signs a USD 250 million project finance facility for the expansion of the Copler Gold Mine located in Turkey's Erzincan province.

In BOT project financing, it is generally the contractor, which takes full liability for the construction risks according to the commonly accepted rule that risks, should be borne by the party best able to take responsibility for them or manage them.

The expanding volume of global trade is having a profound impact on world shipping, especially container shipment traffic.

The Amendments ("Amendments") to Communiqué No. 2020/4 on the Procedures and Principles Regarding Fees That Banks Can Charge to Corporate Clients ("Fee Communiqué") and Communiqué No. 2020/7...

In the last 5 or 6 years some projects have had the benefit of insurance which is designed to pick up the risk after the contractor's liability has been exhausted, these kind of policies mirror the construction contract provisions in relation to time and put the insurer on risk after the date for mechanical completion (as extended pursuant to the EPC contract) and contain an excess which is usually equal to the extent of the liquidated damages which the contractor has agreed to pay for delay.

The Communiqué regulating the principles applicable to the project based securities, their issuance and the incorporation and activities of the project finance funds has been published.

The presence of effective spot and derivatives markets is very important for new power-generation investments as well as the optimisation of existing generation capacity.

The Council of Ministers has recently issued a Regulation on Liability Undertakings to be Performed by the Undersecretariat of Treasury.