Publication
Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Global | Publication | December 22, 2015
The Turkish government launched a new incentive program, which has taken effect on November 19, 2015, for certain investments. These are investments in the manufacturing of (i) turbines and generators used in renewable energy projects (covering hydro, wind, biomass and geothermal power), and (ii) blades used in wind energy projects (“Eligible Investment Projects”).
In order to be eligible for the incentive program, the minimum capital expenditure of the investment must be 500,000 Turkish Liras (approximately US$170,000 as of December 15, 2015) and the non-tangible component (trademark, licenses, know-how etc.) must not exceed 50% of total capital expenditure. Investors are also required to apply to the Ministry of Economy to obtain a certificate of incentive in order to be eligible for the below-listed incentives.
Eligible Investment Projects will benefit from:
Investments in certain regions of Turkey are eligible for additional support under this program. Such projects benefit from 90% corporate tax discount, capped at 35% of aggregate capital expenditure; interest rate support in the amount of 7% for Turkish Lira denominated loans; and support on social security premium payments for seven years.
These incentives are in addition to the existing incentives granted to renewable energy generation facilities, such as feed-in tariffs applicable to all renewable energy projects and local production premium over feed-in tariffs for projects that use locally manufactured components.
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
The English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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