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ARTICLE · 14 JUNE 2024

The 2024 Amendments To Turkish Commercial Code

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The 2024 Amendments to Turkish Commercial Code(Numbered 6102) introduces significant changes to working principles of the board of directors. New legal change should be examined by legal practitioners...

TurkeyCorporate/Commercial Law
Pi Legal Consultancy
Pi Legal Consultancy
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The 2024 Amendments to Turkish Commercial Code(Numbered 6102) introduces significant changes to working principles of the board of directors. New legal change should be examined by legal practitioners including commercial lawyers. The Law Numbered 7511 came into force on May 29, 2024 in changing significant norms applicable to the board of directors.

Introduction

After a company formation, the corporate governance covering the issue of who has power and responsibility about any effective decision on the company represents a second important stage. The 2024 Amendments to Turkish Commercial Code (Numbered 6102) contains significant changes in terms of working conditions of the board of directors within the context of companies. The present article will concentrate on a brief outline of the amendment concerned.

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