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The anti-stocking law was published in the Official Gazette

The Law on Amending Certain Laws, including increasing the deterrence against hoarding, was published in the Official Gazette and...

The anti-stocking law was published in the Official Gazette
Yazar: James Gordon

Yayınlanma: 13 Ocak 2022 03:48

Güncellenme: 22 Nisan 2024 15:49

The article titled "penal provisions" of the Law on the Regulation of Retail Trade was also amended. The lower and upper limits of the administrative fines imposed by manufacturers, suppliers, and retail businesses on those who engage in activities that create tightness in the market, disrupt the market balance and free competition, and prevent the consumer from reaching the goods have been redefined. In order to increase deterrence, the lower limit of 50 thousand liras was increased to 100 thousand liras, and the upper limit of 500 thousand liras was increased to 2 million liras.

The scope of LPG storage will be expanded

The scope of the definition of "storage" in the Law Amending the Liquefied Petroleum Gas (LPG) Market Law and the Electricity Market Law has been expanded. The phrase "LPG distributors" in the definition was changed to "market operators." Thus, other licensees were also included. Refiners have been added to the definition of "storage" in order to meet the LPG storage needs of refineries outside the refinery site. Licenses will not be granted under the Law on Amending the LPG Market Law and the Electricity Market Law to those who have a final conviction for acts contrary to the Anti-Smuggling Law. If the license holder is a legal entity, no license shall be granted to the partners holding more than 10% of the shareholding in the said legal entity as of the date of the crime, as well as the chairman and members of the board of directors who have left or are still in office, and those who are authorized to represent and bind.

Domestic production support in renewable energy

Within the scope of the Law on the Use of Renewable Energy Resources for the Purpose of Electric Power Generation, the capacity increases that will be put into operation after June 30, 2021 will benefit from the domestic contribution price from the date of entry into operation. Ownership and non-property rights (facilities) registered in the title deed on behalf of the closed ETİBANK and Turkish Electricity Authority, and Turkish Electricity Transmission A.Ş. (TEİAŞ) and privatized electricity distribution companies and for which service fees such as fees and revolving funds were paid in the past during this registration, according to their fields of activity The transfer to TEİAŞ or Türkiye Elektrik Dağıtım A.Ş. will be provided without paying any service fees such as recurring fees or revolving funds. Transfer and correction transactions related to registration transactions will be exempt from all kinds of fees and revolving fund service fees.

Execution proceedings will be stopped for the receivables of the Chamber and Exchange

In accordance with the provisions of the Union of Chambers and Commodity Exchanges of Turkey and the Chambers and Commodity Exchanges Law, the membership fees, the chamber shares to be collected from the freight proceeds and the exchange registration fee, the original dues of the chambers and commodity exchanges to the union, and the loss adjusters to be paid to TOBB in accordance with the Insurance Law. and insurance agencies, in terms of receivables related to plate dues debt originals, enforcement and bankruptcy proceedings pending until December 31, 2023 will cease, parties and proceedings will not be carried out, precautionary attachment decisions will not be enforced, new enforcement and bankruptcy proceedings will not occur, time-out periods and follow-up proceedings will not be carried out. All legal deadlines will cease. These periods will start to run from the day the suspension period ends. As of the start date of the suspension period, the periods remaining for 15 days or less until the end of the suspension period will be deemed to be extended by 30 days, starting from the day following the end of the suspension period.
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