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Archive: May 2021

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Norton Rose Fulbright advises Arçelik in acquisition of Whirlpool Beyaz Esya Sanayi ve Ticaret AŞ

May 27, 2021

Global law firm Norton Rose Fulbright has advised leading Turkish white goods manufacturer Arçelik in its €78.3 million acquisition of Whirlpool Beyaz Esya Sanayi ve Ticaret AŞ, Whirlpool's wholly owned subsidiary in Turkey.

Amendments made to the Regulation on Authorization in the Electronic Communications Sector

May 24, 2021

Amendments have been made to the Regulation on Authorization in the Electronic Communications Sector.

Of interest to foreign investors: New legislation on private sector participation in Saudi Arabia

May 11, 2021

Earlier this spring, important changes to the regulatory environment relating to privatization and the implementation of PPP projects in the Kingdom of Saudi Arabia were approved.

Money laundering regulation is expanded to cover crypto asset and saving finance companies

May 07, 2021

The new regulations amending the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism published in the Official Gazette on May 1, 2021.

Update: Measures to reduce the impact of COVID-19 on employment extended

May 06, 2021

A new presidential decision dated April 22, 2021 has further extended the short term work allowance period to provide Turkish businesses and employees with certain assurances in response to the pandemic.

International opportunity for Turkish mining companies: India's new emphasis on private development in the mining sector

May 04, 2021

India’s government has made mining law reform a key part of its domestic agenda to grow India’s economy to US$5 trillion by the 2024-25 budget year.