The "squeeze out right", which has a longstanding
presence in the international legal system, has been introduced
into Turkish law for the first time with the new Turkish Commercial
Code No: 6102 (''TCC''). Along with the TCC, the
new Capital Markets Law No: 6362 (''CML''), which
was enacted in December 2012, also regulates the squeeze out right
for publicly held companies. Since there are fundamental
differences between these two regulations, there may be some
confusion from a practical point of view.
In this article, first the legal basis for the squeeze out right
in Turkish Law will be summarized. Then the basic differences
between the CML and the TCC will be analyzed. Finally, potential
points of confusion will be evaluated for future consideration.