16 Jan 2024
According to the Presidential Decree, the minimum capital amounts for joint stock and limited liability companies have been increased. The Presidential Decree (“Decree”) numbered 7887 on Increasing the Minimum Share Capital Amount for Joint Stock and Limited Liability Companies […]
6 Jun 2023
The rules and procedures with respect to auctions carried out by execution offices had been determined with the Regulation on the Procedures Regarding Sales that Carried Out Electronically Pursuant to the Execution and Enforcement Code (the “Regulation”) which was […]
27 Apr 2023
1. DEVELOPMENT OF M&A TRENDS IN TECHNOLOGY COMPANIES IN RECENT YEARS IN TÜRKIYE a) Overview: Technology start-ups in Türkiye have been around since the 1980s with e-mail and internet provider companies. However, it took several decades for the market to […]
6 Apr 2023
The Capital Markets Board (“CMB“) states that these amendments aim to strengthen the organizational structure and capital of portfolio management companies, which are the managers of mutual funds and pension mutual funds, and to eliminate certain problems encountered in […]
15 Apr 2021
Published in Official Gazette dated 20 February 2021 and numbered 31401, the Communiqué Amending the Communiqué on the Execution of Articles of Incorporation at the Commercial Registry Offices (“Amending Communiqué”) introduced substantial amendments on the Communiqué on the Execution […]
12 Apr 2021
Direct distribution Ownership structures May a foreign supplier establish its own entity to import and distribute its products in your jurisdiction? Yes. The intent of Foreign Direct Investment Law No. 4875 (FDI Law) is to encourage domestic investment by […]
17 Mar 2021
Transactions for the transfer of assets of commercial enterprises, and commercial enterprises in toto, have always been somewhat controversial under Turkish Law. A threshold issue is whether, under applicable law, the divested asset(s) comprise the seller’s total enterprise. In […]
9 Oct 2020
Capital Markets Board of Turkey (“CMB”) has made amendments regarding the publicly held companies to fulfill their obligation to make a disclosure to the stakeholders within the framework of the sustainability principles compliance, with the Communiqué numbered II-17.1.a on […]
21 May 2020
Provisional article 13 regarding restriction of the distribution of profit has been added to the Turkish Commercial Code numbered 6102 (“TCC”) by the Law numbered 7244. The implementation procedures and principles of this article were published under the Communiqué […]
