Amendment to the Liquefied Petroleum Gas Market Licensing Regulation
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This amendment modifies the Liquefied Petroleum Gas (LPG) Market Licensing Regulation in Turkey. Specifically, it changes the wording concerning the bankruptcy process of companies in this market. The phrase 'the confirmation of bankruptcy' is replaced with 'the decision of bankruptcy', clarifying the legal terminology used in the regulation. The amended regulation takes effect upon publication and is administered by the Energy Market Regulatory Authority.
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Key Changes
- Change in legal terminology regarding bankruptcy
- Clarification of regulatory terms
- Immediate effect upon publication
Obligations
What this law requires
Replace the phrase 'iflasının kesinleşmesi' (confirmation of bankruptcy) with 'iflasına karar verilmesi' (decision of bankruptcy) in Article 17, first paragraph, section (a) of the LPG Market Licensing Regulation dated 16/9/2005
Implement this amendment to the LPG Market Licensing Regulation as of the publication date (8 April 2026)
Apply the revised bankruptcy terminology when evaluating licensing conditions for LPG market companies