1. Concept
In recent years, the definition of "joint
venture" is heavily preferred with different names to
be used in different places for the concept of joint venture.
However, this definition is used, as "joint business
partnership" in some decisions of the Supreme Court
of Appeals, as "business partnership"
11th Corporate Tax Law ("law no 5520")
article 2, and in the Public Procurement Law no: 4734
("law no: 4734") the definition of
"joint venture" is used as the
sub-headings of "partnership of business" and
"Consortium" under the title of
"joint venture".
In the Law No. 5520, 2. Article 7. in the paragraph entitled
"Taxpayers", the joint venture is
defined as business partnerships and business partnerships are
defined as those who demand to establish a liability in
this way from the partnerships established in order to jointly
undertake and share a certain business with each other or with
individuals or real persons, as defined in Law No.
