Null and Void Resolutions of the General Assembly in Joint Stock Companies
Introduction In general, cases of invalidity of general assembly resolutions fall into the categories of non-existence, nullity and annullability. The scope of this Newsletter is limited to null and void resolutions of general assemblies established under Article 447 and related provisions of Turkish Commercial Code No. 6102[1] (“TCC”).
General Assembly Summons Lawsuits
Introduction Pursuant to Turkish commercial law legislation, the ordinary general assembly in joint stock companies shall be held within three months following the end of each fiscal year.[1] According to Turkish Commercial Code numbered 6102 (“TCC”), the authority (Article 410 of the TCC) and duty (Article 375 of the TCC) to convene the general assembly …
Tilleke & Gibbins Bolsters its Regional Corporate/M&A Capabilities with the Hire of Derrick Khoo
Tilleke & Gibbins is pleased to announce that it has further strengthened its capabilities with the hire of Derrick Khoo as a partner in the regional Corporate/M&A team, where his cross-border transactional experience in handling complex legal matters amidst challenging legal and regulatory environments will facilitate the firm’s clients to achieve their business objectives in …
WILL THE CHANGES PROPOSED TO INDIA’S TELECOM SECTOR HAVE THE DESIRED EFFECT?
By: Akil Hirani, Managing Partner, Majmudar & Partners, India
New guideline for overseas investment
The government is set to approve the proposed ‘Overseas Investment Guideline 2021’ to allow outbound investment opportunities to local exporters, and any company running their business in the domestic market for 10 years.
The Enforcement of Foreign Judgments in Qatar
The legislator has drawn up texts regulating the implementation of foreign judgments in the State of Qatar and specifying the jurisdiction of the national courts to settle disputes issued outside the borders of the State when they are presented to the national courts, and regulating how to resolve such type of disputes and to determine …
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Guide to the Latest Thailand Elite Visa Packages in 2021
The Thailand Elite Visa is a long-term Thai visa provided to Thailand Privilege Card members offering benefits and residency in Thailand for a set period of time, often with the option to renew the visa. The programme is managed by the Thailand Privilege Card Company Limited, under the Ministry of Tourism and Sport.
Will pre-packages arrest delays and speed up distressed deals in India?
Background Micro, Small, and Medium Scale Enterprises (“MSMEs”) have faced a lot of hardships and financial stress during the Covid19 pandemic. The Indian government has taken several measures to mitigate their distress, including increasing the limit of the minimum amount that constitutes a default for the initiation of the Corporate Insolvency Resolution Process (“CIRP”) and …
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What’s the difference between blackmail and extortion?
In this article, we will examine the primary difference between the crimes of ‘extortion’ and ‘blackmail’. Often these crimes are easily confused together. We will also discuss the definition of the said crimes under UAE law and the relevant legal provisions relating to them.
What are the general commercial liability policies in the UAE?
Commercial general liability (“CGL”) policies are a norm in the UAE. A CGL policy usually provides comprehensive liability coverage by encompassing different liability coverage under the same head, such a property coverage, personal injury coverage, medical coverage etc. A CGL policy thus endeavors to cover the various liabilities arising from operations, premises, products of a …
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