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.
Inside Turkey blog
Legal developments around Turkey
Turkish energy market regulator extends deadlines for energy projects
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.
Notable developments: Communiqué on the implementation of digital services tax entered into force
The Communiqué provides detailed explanations regarding the implementation of the digital services tax, notably in relation to the taxpayer, declarations, payments, deductions and tax security.
Webinar recording: IBOR transition: Disputes risks - part 1
Posted in Webinars
Requirements in Turkey of keeping the workplace safe during the COVID-19 pandemic
According to the Turkish Code of Obligations, Labor Law and Occupational Health and Safety Law (the “Laws”), employers are obliged to take all possible measures to ensure workplace health and safety.
Details of the commercial electronic communication management system are introduced
The CMS is a tracking and notification system to be used by recipients or potential recipients of commercial electronic communications to grant or withdraw consent to receive such.
Employee data protection in the time of COVID-19
Businesses and employers must not forego the protection of the personal data of their employees in the process of taking COVID-19 measures.
COVID-19 and force majeure under Turkish law
Businesses are now beginning to consider if invoking force majeure clauses can limit their contractual liability in the face of performance setbacks encountered due to the COVID-19 outbreak.
Turkey launches stimulus package amid COVID-19 threat
Turkey’s “Economic Stability Shield Package”, pursuant to which TL 100 billion will be deployed to help provide business continuity and take some of the financial burden off business owner’s shoulders.
Taking stock - renewable energy business outlook
This was expected to be a peak year in new capacity additions for wind and solar projects – before coronavirus hit. How has the outlook changed?