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ARTICLE · 19 SEPTEMBER 2023

Commercial Enterprise Pledge

Sakar Law Office
Sakar Law Office
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Sakar Law Office

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This article analyses the pledge of commercial enterprises regulated under the Turkish Commercial Code ("TCC") pursuant to the Law on Movable Pledge in Commercial Transactions ("TITRK").

TurkeyCorporate/Commercial Law

Entry

This article analyses the pledge of commercial enterprises regulated under the Turkish Commercial Code ("TCC") pursuant to the Law on Movable Pledge in Commercial Transactions ("TITRK").

Definition of Commercial Enterprise

The concept of commercial enterprise is regulated in Article 11 of the Turkish Commercial Code. In general terms, a commercial enterprise is an enterprise in which activities are carried out continuously and independently with the aim of generating income at a level exceeding the limit stipulated for a tradesperson enterprise. The limit between a commercial enterprise and a tradesperson enterprise is determined by the Presidential Decree.

Right of Pledge in Commercial Enterprise

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