Introduction
Electricity Market Law numbered 6446 ("EML" or
"Law") entered into force through publication in the
Official Gazette dated March 30, 2013 and numbered 28603. Share
transfers of companies that operate in the energy market became one
of the newly regulated issues with the publication of the
Electricity Market Licensing Regulation ("Regulation") in
the Official Gazette dated November 2, 2013 and numbered 28809,
upon the enactment of the EML.
This article will focus on the new regulations regarding share
transfers introduced by the new Electricity Market Law and the new
Electricity Market Licensing Regulation.
In accordance with the current legislation in force, prior to
the commencement of their market activities, all legal entities to
be engaged in market activities must obtain the relevant license
for each activity, and for each facility, if the market activity in
question is to be performed in more than one facility, excluding
the exceptions
