1. Joint Stock Company Mergers
Mergers, also called company marriages, are needed for different
reasons in commercial life. Companies may merge, sometimes to gain
strength and momentum, to increase competitiveness, sometimes to
combine experiences or for many different reasons. In Turkish law,
mergers are regulated under the Turkish Commercial Code. According
to Article 136/3-4 of the Turkish Commercial Code, "A
merger is realized through the acquisition of the shares of the
transferee company by the shareholders of the transferee company in
exchange for the assets of the transferred company, according to an
exchange ratio. With the merger, the transferee company takes over
the assets of the transferred company as a whole. With the merger,
the transferred company is terminated and deleted from the trade
registry." Company mergers can be realized in two
different ways: merger by new establishment and merger by
acquisition. More precisely, it is possible for two or
