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Archive: April 2020

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COVID-19 update: New limitations to dividend distributions introduced

April 30, 2020

The omnibus law published in the Official Gazette on April 17, 2020 introduced new limitations to dividend distributions of companies to preserve their equities.

Turkish energy market regulator extends deadlines for energy projects

April 17, 2020

The Energy Market Regulatory Agency (“EMRA”), with its decision dated April 2, 2020, provided some relief to the energy market amid the Covid-19 pandemic.

COVID-19 measures in the Turkish financial sector: Deadline extension for reporting requirements

April 17, 2020

With its decision dated April 2, 2020, the Banking Regulatory and Supervision Agency (the “BRSA”) extended the deadlines applicable to certain reporting or notification requirements by 60 days.

Notable developments: Communiqué on the implementation of digital services tax entered into force

April 14, 2020

A digital services tax entered into force in Turkey on March 1, 2020. Pursuant to the Law No. 7194 on Digital Services Tax and Amendment to Certain Laws and Law Decree No. 375 (the “Law”) promulgated in December 2019.

Requirements in Turkey of keeping the workplace safe during the COVID-19 pandemic

April 09, 2020

Requirements in Turkey of keeping the workplace safe during the COVID-19 pandemic

Details of the commercial electronic communication management system are introduced

April 08, 2020

Amendments to the Regulation on Commercial Communications and Commercial Electronic Messages (the “Regulation”) were published in the Official Gazette on January 4, 2020.

Employee data protection in the time of COVID-19

April 07, 2020

The COVID-19 pandemic is affecting daily life in an unprecedented way.

COVID-19 and force majeure under Turkish law

April 01, 2020

Since the first case of the COVID-19 was confirmed in Turkey on March 11, the number of confirmed cases and deaths continues to increase.