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Pursuant to the Turkish Commercial Code No. 6102 (“TCC”), the general assembly is the most fundamental establishment through which shareholders of a joint stock company participate in the management and audit of the company. The ability of the general assembly to convene in accordance with the law and the articles of association, and to validly express its will, is directly related to the duly calling of shareholders to the meeting.

Business decisions inevitably involve a degree of risk. Expecting directors to be error-free is unrealistic; as taking informed risks often serves the company's interest.

Pursuant to the Law on the Establishment of the Turkish Wealth Fund Management Joint Stock Company and on the Amendment of Certain Laws numbered 6741...

Commonly referred to as “Technical Insolvency,” this concept is regulated under Article 376 of the Turkish Commercial Code (“the Code”) under the heading “Loss of Capital, State of Insolvency.” The provisions of the article define the circumstances of capital loss and insolvency for companies and set forth the procedures to be followed and the measures that may be applied in such cases.

Bu hüküm uyarınca anonim şirketler ve kooperatiflerde yönetim kurulunun, sermayesi paylara bölünmüş komandit şirketlerde yönetim kurulu karar defteri ile tutulması halinde limited şirketlerde müdürler kurulu karar defterinin kapanış tasdiklerinin 31 Ocak 2025 Cuma gününe kadar yaptırılması gerekmektedir.

Shareholders in joint stock companies may transfer their shares. The principles to be followed in share transfers are different in public joint stock companies...

Every jurisdiction in the US has a duty of care obligation for directors, which in very basic terms means that directors are expected to do their jobs with the necessary care and prudence required...

As we are at the beginning of a new year, joint stock corporations (each a "JSC") and limited liability partnerships (each an "LLP") must satisfy the statutory obligation of holding an ordinary general assembly ("GA") meeting in accordance with ..

Public Joint Stock Companies (the ''PJSCs'') are essentially obliged to disclose information that may affect the investors' investment decisions as per the public disclosure principle.

Certain sections of the draft Turkish Commercial Code (the “Draft TCC”) that are still pending before the Turkish National Assembly were summarized in one of our previous Mondaq articles dated 10 June 2008.

Irrefutably, during the last five decades, the Turkish economy has witnessed the emergence of a blooming market with an unmatched access to major commercial hubs of the world.

Shareholders corresponding to one tenth of the capital in non-public joint stock companies are considered as minorities.

The Capital Markets Board presented the Draft Communiqué on Material Transactions and Exit Right No. II- 23.1 for public consultation on March 16, 2020.

Directors and officers are increasingly exposed to investigations, regulatory enforcement actions and lawsuits which press demand for Directors and Officers Liability Insurance (D&O Insurance).

The Turkish Competition Board ("Board") determined that the transaction concerning the acquisition of 51% of the shares in Andar Elektromekanik Sistemler Sanayi ve Ticaret AŞ ("Andar") by H. Ibrahim Bodur Holding AŞ ("HIB Holding") does not constitute a concentration under Turkish merger control regime given that the transaction results in a shifting alliances structure post-transaction.

The Turkish Commercial Code published in the Trade Registry Gazette dated 14 February 2011 and numbered 27846 (the "TCC"), makes significant changes in the management of joint stock corporations (anonim şirket).

An Omnibus Bill that entered into force September 11 has made several amendments to various laws and regulations under the Turkish Commercial Code.

Frequently foreign and local lenders and investors inquire whether financial assistance is valid and enforceable under Turkish law.