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ARTICLE · 22 AUGUST 2012

Are You Ready For Digital Assembly?

It is common knowledge that the New Turkish Commercial Code ("New TCC") will bring many novelties as of July 1st, 2012.

TurkeyCorporate/Commercial Law
Didem Ataun
Didem Ataun

It is common knowledge that the New Turkish Commercial Code ("New TCC") will bring many novelties as of July 1st, 2012. Although long debated and still reportedly anticipated as a partial amendment, it is believed that many innovations such as electronic general assemblies will facilitate Turkish business world to an easier and more comfortable method of communicating.

In all likelihood, an electronic assembly would, in the first place, recall a general assembly of a joint-stock company's shareholders. However, the New TCC provides the rules not only for such assemblies (shareholders' meetings), but also for those of the Board of Directors in joint-stock companies and Managers in limited companies.

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