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Archive: March 2021

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FinTech in Turkey A practical guide

March 31, 2021

Ekin İnal and H. Alper Tüzün from İnal Ünver Attorney Partnership (in association with Norton Rose Fulbright in Turkey) have published a guide to FinTech in Turkey.

Turkey has extended R&D and design centers incentive program

March 29, 2021

According to data provided on the Ministry of Industry and Technology’s website, there are currently more than 1,500 research and development (R&D) and design centers employing more than 70,000 people in Turkey.

March 2021 Update: Measures to Reduce the Impact of COVID-19 on Employment Extended

March 10, 2021

A new presidential decision published in the Official Gazette on March 9, 2021 further extends several measures to provide Turkish businesses and employees with certain assurances in response to the pandemic.

Turkey’s Digital Services Tax developments: USTR Report and Pillar One

March 08, 2021

As of March 1, 2020, Turkey effectively levies its Digital Services Tax (“DST”) to a broad range of digital activities.

Cross-border team from Norton Rose Fulbright advises Anghami in SPAC deal

March 08, 2021

Led by Ayşe Yüksel Mahfoud (New York and Istanbul) and Brian Fenske (Houston), a cross-border team from the Istanbul and Houston offices of Norton Rose Fulbright advised Anghami – the leading music streaming company in the MENA region – on its merger with Vistas Media Acquisition Company Inc. to become the first Arab technology company to be listed on Nasdaq upon closing.

New Presidential Decision on YEKDEM Feed-in Rates

March 04, 2021

Renewable energy legislation amended in December 2020 gives the President the authority to announce new Turkish Lira denominated renewable energy support mechanism (“YEKDEM”) feed-in rates for facilities becoming operational after June 30, 2021.

Mini Solar Tenders to be Launched in March

March 02, 2021

To achieve its renewable energy targets[1], the Turkish government has embarked on the development of renewable energy resource area projects (“RERAs”) on privately owned as well as public lands.