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ARTICLE · 11 MARCH 2022

Due Diligence And Types Of Due Diligence

With the growing economy of Turkey in recent years, there has been a noticeable increase in the number of company acquisitions and mergers in our country.

TurkeyCorporate/Commercial Law

With the growing economy of Turkey in recent years, there has been a noticeable increase in the number of company acquisitions and mergers in our country. This situation has forced us to understand and apply Due Diligence correctly, which is called the 'must-have' of mergers and acquisitions. In this study, Due Diligence and types of Due Diligence were examined.

1) DUE DILIGENCE IN GENERAL

Due Diligence, which is called "Detailed Review Report" in Turkish, has various definitions in many places, but in practice, it is defined as a careful and detailed examination of the target company to be merged or acquired before mergers and acquisitions.

There is no regulation about Due Diligence which is a 'decision making mechanism' in case of mergers and acquisitions in Turkish commercial code and in Turkish Code of Obligations yet. But with the increase of mergers and acquisitions, this regulation is likely to take place in Turkish Law in the near future.

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