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LAVAZIM MAHALLESI AYDIN SITESI, YAZGULU SOKAK VILLA NO 2C, 34340 BESIKTAS, TURKEY
Tel:
Work +90 212 269 56 61
Fax:
Fax +90 212 269 56 69
Email:
Web:
www.admdlaw.com

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Legal Developments by:
ADMD/Mavioglu & Alkan Law Office

  • OBLIGATION TO EMPLOY OR CONTRACT A LAWYER ON CONTINUOUS BASIS FOR JOINT STOCK COMPANIES IN TURKEY

    Joint-stock companies with a registered capital equal to 5 (five) times or more of the minimum amount stipulated in Article 272 of the Turkish Commercial Code and building cooperatives with a membership number of 100 (one-hundred) or more are obliged to have/employ a contracted lawyer. Legal entities failing to comply with the provisions of this paragraph will be penalized by public prosecutors with a fine in the gross amount of one month’s minimum wage, effective for workers in the industrial sector older than sixteen years of age on the date of the crime, for each month spent without a lawyer under contract.
    - ADMD Law Office

Legal Developments in Turkey

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