Article
Turkey Encourages Recourse Against Directors For Misuse Of Offering Proceeds
On July 3, 2015, the Turkish Capital Markets Board (the "CMB") announced that it had imposed an administrative fine of TRY 123,278 (approx. USD 46,000) on a public company because the company used proceeds from its equity offering contrary to the disclosures in its offering circular (izahname).
Esin Attorney Partnership