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ARTICLE · 29 JANUARY 2019

What Changed In Article 376 Of The Turkish Commercial Code?

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The first way to increasing the capital is "simultaneous increase-decrease.

TurkeyInsolvency/Bankruptcy/Re-Structuring
Begüm Solak Ekler
Begüm Solak Ekler
Ezgi ER
Ezgi ER
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ABSTRACT

In this article, we will mention about the Communiqué on the Principles and Procedures for the Application of Article 376 of the Turkish Commercial Code No. 6102 ("Communique") dated 15 September 2018 which provides amendments and changes to the principles and procedures relating to the application of this Article and what kind of explanation and changes it brings.

The Communiqué also provides a temporary article that provides solutions to exchange rate fluctuations which may affect many companies in the recent period and this arrangement will be examined separately.

Key Words : Loss of Capital, Company Loss, Technical Bankruptcy, Insolvency, Capital Increase- Decrease, Completion of Capital, Calculation of Balance Sheet, Communiqué, Exchange Differences

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