Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 29 JANUARY 2015

A Short View On Pre-Emptive Rights Under Turkish Commercial Code

Schoenherr (Schönherr Rechtsanwälte)
Schoenherr (Schönherr Rechtsanwälte)
Contributor
Schoenherr (Schönherr Rechtsanwälte)

Schoenherr (Schönherr Rechtsanwälte)

Schoenherr is a leading European full-service law firm with a strong footprint across Central and...

View firm profile
Explore more from Schoenherr (Schönherr Rechtsanwälte)

With new Turkish Commercial Code no. 6102, pre-emption rights of the shareholders have been renewed and extended with safeguarding provisions; the scope of limitations is explicitly defined.

TurkeyCorporate/Commercial Law
Gül Belevi
Gül Belevi
Author LinkedIn connections

With new Turkish Commercial Code no. 6102, pre-emption rights of the shareholders have been renewed and extended with safeguarding provisions; the scope of limitations is explicitly defined. But the right of first refusal is still not regulated under legislation and is still subject to Code of Obligation provisions.

What is a pre-emptive right?

A pre-emptive right grants the shareholder priority to purchase (i) newly issued shares pro rata to its shareholding in case of capital increase, based on statute (pre-emption right) or (ii) the existing shares of other shareholders before third parties, by contract (right of first refusal).

Pre-emption right

Turkish Commercial Code no. 6102 dated 14 February 2011 (Türk Ticaret Kanunu; TCC) explicitly grants existing shareholders the right to purchase new shares to be issued by means of a capital increase pro rata to their shareholdings in the company (pre-emption right; rüçhan hakkı). The shareholder may thus maintain

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Kambiyo Senetlerinde Faiz Şartı Ve Geçerliliği

Kambiyo senetleri; poliçe, bono ve çekten oluşan, ticaret hayatında önemli bir yere sahip kıymetli evrak türleridir. Bu senetler, alacakların güvence altına alınması, ticari işlemlerin hızlandırılması ve ekonomik dolaşımın kolaylaştırılması bakımından büyük işlev görmektedir. Türk hukukunda kambiyo senetleri, 6102 sayılı Türk Ticaret Kanunu’nda (“TTK”) poliçe, bono ve çek olmak üzere üç ayrı başlık altında düzenlenmiştir.
TurkeyCorporate/Commercial Law
Sakar Law Office
Sakar Law Office
Article

Turkish Competition Law Newsletter – Issue 2026/3

Turkish competition enforcement has entered a phase in which the Authority's most consequential interventions increasingly arrive before, rather than after, a finding of infringement. This Summer 2026 edition covers eight developments spanning digital markets policy, merger remedies, physical access to retail infrastructure, labour market information exchange, AI distribution channels, procedural cooperation obligations and the transition between fining regimes.
TurkeyCorporate/Commercial Law
Paksoy
Paksoy
Article

New Rules On Shareholding Disclosures And Actual Free Float: Assessment Of CMB Bulletin No. 2026/57

The Capital Markets Board of Türkiye (“CMB” or the “Board”), through its principle decision No. i-SPK.15.2 (dated 03.09.2026 and numbered 54/1614) (“Resolution”), has lowered to 3% the minimum shareholding disclosure threshold under the Material Events Disclosure Commu-niqué No. II-15.1 (“Communiqué”). The Reso-lution will apply as from the end of the day on 11.09.2026.
TurkeyCorporate/Commercial Law
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
Article

Fiili Dolaşımdaki Pay Oranına İlişkin Yeni Düzenlemeler Ve Uygulama Alanları

Serbest fonlar başta olmak üzere yatırım fonlarının fiili dolaşımdaki pay oranı düşük şirketlerde oluşturdukları yoğunlaşma sebebiyle piyasada oluşan yapısal risklerin giderilmesi amacıyla SPK, hem bu oranın hesaplanmasına ilişkin kuralları hem de yatırım fonlarının yatırım sınırlamalarını yeniden ve detaylı şekilde düzenlemiştir. Bu yazıda özellikle fiili dolaşımdaki pay oranına ilişkin değerlendirmelerimize yer verilmiştir.
TurkeyCorporate/Commercial Law
Kolcuoğlu Demirkan Koçaklı Attorneys at Law
Kolcuoğlu Demirkan Koçaklı Attorneys at Law
Article

Establishing And Maintaining A Business Presence In Türkiye 2026

This article examines the establishment and continuing management of a foreign business presence in Türkiye. It compares subsidiaries, branches and liaison offices, and considers capital, corporate documentation, governance, representative authority, investment reporting, work authorisation and data protection. Judicial decisions concerning corporate organisation and management duties are considered in their relevant context. The analysis argues that the choice of vehicle should follow the proposed activity, ownership arrangements and expected life of the investment. Effective legal preparation connects incorporation with the company's subsequent compliance, financing, decision-making and exit arrangements rather than treating registration as the final objective.
TurkeyCorporate/Commercial Law
ONGUR & PARTNERS
ONGUR & PARTNERS
Article

Slovenia's Intervention Act On The Horizon: How Will It Affect Your Business?

Schoenherr's Ljubljana office stands as one of Slovenia's premier business law firms, offering comprehensive legal services spanning M&A transactions, private equity investments, real estate acquisitions, and financial restructuring. With internationally trained lawyers fluent in multiple languages, the firm serves both foreign and domestic investors across diverse sectors including automotive, energy, banking, and technology.
SloveniaEmployment and HR
Schoenherr (Schönherr Rechtsanwälte)
Schoenherr (Schönherr Rechtsanwälte)