Dormancy Is Not an Exit Strategy: Company Liquidation in Turkey for Foreign Shareholders
I. Introduction Foreign investors often establish companies in Turkey as part of a wider regional or group strategy: to hold assets, serve local customers, support production, or act as a regional hub. Over time, that strategy is bound to change. Market conditions, internal restructuring, currency volatility or simply the cost of keeping a dormant entity alive can make it commercially unnecessary to maintain a Turkish company. Under Turkish law, however, a company cannot simply be […]