Pursuant to the Regulation on Unlicensed Electricity Production in Electricity Markets [“Regulation”] [available in Turkish only], it is possible to generate electricity without being obliged to obtain a license / pre-license from the Energy Market Regulatory Authority [“EMRA”] or incorporate a company. Accordingly, the consumers can meet their electricity needs from their own generation facilities that are in the vicinity of the consumption points and sell the surplus electricity limited to the previous year's consumption.

Former Nazali Tax & Legal Ukraine Partner Dogus Gulpinar has joined the Akinci Law Office as a Partner.

Former Baker McKenzie Partner Mine Guner Sunay has joined Kenaroglu IP as a Partner, to start on January 1, 2023.

Law on the Amendment of the Law on the Regulation of Tobacco, Tobacco Products and Alcohol Market and Certain Laws No. 7423 (the “Omnibus Bill”), which was submitted to the Grand National Assembly of Turkey on October 18, 2022 was legalized and published in the Official Gazette dated December 10, 2022 and numbered 32039. Some of the amendments in the Omnibus Bill entered into force on the date of its publication; while other amendments will enter into force on January 1, 2024.

White & Case has advised Gorillas on its USD 1.2 billion sale to Getir. The Netherlands' Ploum reportedly also advised Gorillas. Freshfields Bruckhaus Deringer reportedly advised Getir. Goodwin Procter, Orrick Herrington & Sutcliffe, and McDermott Will & Emery reportedly advised some of the investors.

White & Case and its Turkish affiliate GKC Partners have advised MNG Havayollari Ve Tasimacilik on its entry into a definitive agreement to become a publicly traded company through a business combination with Golden Falcon Acquisition Corp. for a pro-forma enterprise value of USD 676 million. Greenberg Traurig advised Golden Falcon.

Lexist, working with King & Spalding, has successfully represented the Republic of Turkey Savings Deposit Insurance Fund in ICSID arbitration proceedings against claims by a company related to the outlawed FETO organization.

Investigations of the Turkish Competition Authority against certain undertakings operating in the fast-moving consumer goods (FMCG) industry as producers, suppliers, and retailers to determine whether Article 4 of the Law on the Protection of Competition has been violated are ongoing and currently, verbal self-defense processes are being submitted.

"In 10 years you won’t go to meetings – you’ll digitally teleport to them." Meta Founder, Mark Zuckerberg

"The total insurtech industry value in 2022 was $5.4 billion. Revenue forecast for 2030 is $152 billion." Grand View Research, Insurtech Market Size, Industry Report, 2022-2030

Turkey's high inflation stirs real estate disputes while logistics tenants and labor-intensive sectors are deeply affected, according to Ebru Temizer, Partner of Kinstellar Turkish affiliate Gen Temizer Ozer.

Heuking Kuhn Luer Wojtek has advised Turkish duty-free operator Setur on the award procedure to operate the duty-free and duty-paid areas at Cologne Bonn Airport.

Former Moscow-based Baker McKenzie Partner Simon Morgan has joined the Banking & Finance department of Baker Turkish affiliate Esin Attorney Partnership.

Paksoy has advised BAE Systems on the sale of its 49% stake in joint-venture company Nurol BAE Systems to Turkey's Nurol Holding.

Law No. 7420 has made significant amendments related to tax legislation. These amendments cover: the introduction of a new tax treatment on capital reduction, a time extension for conversion to a currency-protected deposit account, an extension of the deadline for the tax benefits granted to individual participation investors (angel investors), income tax exemption for the portion of the meal costs paid in cash to employees that do not exceed TRY 51, and amendments to the tourism share rates.

Pursuant to Article 350 of the Turkish Code of Obligations; the lessor, his/her spouse, his/her descendants or ascendants or persons who are legally dependent on the lessor; should have a need to use the leased property for residency or workplace purposes for lessor to request the eviction of the property due to personal needs.

The Decree on the Determination of the Companies Subject to Independent Audit ["Decree"] No. 6434 published in the Official Gazette dated November 30, 2022 and numbered 32029, abolished the Decree on the Determination of the Companies Subject to Independent Audit No. 2018/11597 dated March 26, 2018, published in the Official Gazette dated May 26, 2018 and numbered 30432, and amended the thresholds of the criteria for determining the companies subject to independent audit while also amending the scope. These amendments aim to adapt the scope of independent audit to today's needs and to harmonize with the EU regulations.

Paksoy, working with Latham & Watkins, has advised Imerys on the sale of its high-temperature solutions business to Platinum Equity, at an enterprise value of approximately EUR 930 million.