Infrastructure, Construction, Real Estate

In 2018, the Infrastructure, Construction and Real Estate Working Group worked on a joint agenda with our Retail Working Group in addition to the activities aimed at updating the position paper and organized a meeting regarding certain articles of the Turkish Code of Obligations No. 6098 postponed until 2020 and developed a position paper regarding those articles.

Following the enactment of the Code No. 6098 upon publication in the Official Gazette of February 4, 2011, the effective date of 9 articles affecting rental agreement procedures was postponed until July 1, 2020. A decision was rendered for the automatic entry into force of postponed articles unless no other regulation was issued until the end of the postponement period. A well-attended meeting was held on July 5, 2018 so as to assess the impacts of the articles in question on the lessors of commercial real estate, their lessees and all relevant parties offering services concerning such contracts. The relevant articles were discussed during the meeting and the matters to be clarified and the actions to be taken for international investors were identified with regard to demands for amendment. In the meantime, the Presidential Resolution No. 85 Amending the Resolution No. 32 on the Protection of the Value of Turkish Currency published in the Official Gazette in September 2018 and imposing restrictions on the contracts drawn up in foreign currencies was one of the important agenda items for the group, which considerably contributed to the positions developed by YASED. The group attended in and contributed to the information meeting organized on the communiqué in question with the participation of the Director General of Foreign Exchange under the Ministry of Treasury and Finance Hakan Ertürk and the Head of Department Özge Çal.

It was decided that the group would continue to engage in activities under YASED International Investment Center Council in 2019 and, accordingly, the group aims to come up with new agenda items through a new structure.

WORKING GROUP MEMBERS:

Consists of Acwa Güç, Akzo Nobel / International Paint, Arup Mühendislik, Cengiz Makina, Chubb European Group, Deloitte, Denge (Mazars), Dow Kimya, DP World, Emaar, EY Türkiye, Garanti Bankası, Georg Fischer Hakan Plastik, Grundfos Pompa, Hill International, KPMG, Kumport, Limak İskenderun, Mars Sinema, Migros, Mutlu Akü, Odea Bank, PwC, Qatari Diar, Ravago, SAP, Shaya Kahve, Socar Aliağa Liman İşletmeciliği, Specialty Products (Dupont Grubu), Travelex, Türk Prysmian Kablo

 

 

 

With contributions of Vodafone