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The New Turkish Commercial Code – Upcoming Structural Alterations to the Corporate Law

September 2012 - Corporate & Commercial. Legal Developments by Schönherr.

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On 1 July 2012 the New Turkish Commercial Code (TCCN) will replace the current one, which has been in force for more than 50 years. In particular the corporate law is going to face many structural changes. Even if a transition period of about one and a half years is foreseen, companies should familiarise themselves with the TCCN and start to prepare themselves for the changes to come.

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