Amendments Introduced By The Draft Turkish Commercial Code As Regards The Invalidity Of General Assembly Resolutions

I - INTRODUCTION

The Turkish Commercial Code dated June 29, 1956 and numbered 6762 (the "TCC") has been in force since January 01, 1957. Although the TCC was substantially responding to the needs of Turkey at the time it was enacted, it merely responds to the current needs of the modern world. In the second half of the twentieth century, when the TCC was applicable, incidents which can be considered important, and even extra-ordinary for a commercial code have occurred and an era having permanent consequences started. At that time, reforms in relation to commercial law in general or a specific section of the commercial law have been made throughout Europe and the world; amendments to commercial codes were made more frequently than in the past and nearly every country introduced changes to their commercial codes to some extent during this period. Moreover, new doctrines were introduced with respect to specific commercial law issues and several reports and drafts were