Emir Aksoy LL.M, LL.M. IP According to Article 365 of the TCC, the Board is responsible for the management and representation of the company. Board Members are obliged to act in good faith while managing the company. There are two types of liability regimes for Board Members regulated under Turkish Commercial Code (hereinafter will be…

Ali Yurtsever OVERVIEW In the previous parts of the corporate law and share transfer series, we reviewed the general rules and procedures relating to share transfers in joint stock companies (JSC) and the role of company share ledgers in such transfers. The third part of the series will focus more on the possible restrictions that…

As part of our share transfer and corporate law series, we already analyzed the rules and procedures of share transfers in Joint Stock Companies (Part-I) and the role of share ledgers in such transactions (Part-II). Due to the complex nature of these transactions, we also created an infographic in order to make the information more…

Ali Yurtsever I. OVERVIEW In Part-I of the corporate law and share transfer series, we reviewed the general rules and procedures relating to share transfers in joint stock companies (JSC) in Turkey. Although the general procedures were reviewed in detail for all types of share transfers, the limitations on share transfers and restricting provisions set…

OWNERSHIP AND TRANSFER OF JOINT STOCK COMPANY SHARES Ali Yurtsever   OVERVIEW Joint Stock Companies, noted as “Anonim Şirket” in Turkish (JSC), are a type of capital company provided for by the Turkish Commercial Code (TCC), similar to ‘Corporations’ in the U.S. and ‘Société Anonyme’ in Europe. These JSCs have certain differences with other types…

Ali Yurtsever      I. OVERVIEW There are relatively few capital restrictions imposed upon businesses in Turkey, and although the formation procedures can be quite complex, foreigners are allowed to freely invest in businesses and are even allowed to have full/sole ownership of a capital company. Since it is fairly easy for foreigners to invest…

Emir Aksoy LL.M, LL.M. IP On a broader sense Due Diligence means the assessment of a company by a prospective buyer through an investigation and analysis of a target company. In this Article our aim is to provide an overview on how to draft a due diligence report (hereinafter referred as “DD”) and with a…

Emir Aksoy LL.M., LL.M. IP Confidentiality Agreements or also known as Non-Disclosure Agreements (NDAs) are often used between companies in order to protect their confidential information, developed technology, know-how and/or trade secrets that might be given to the receiving party during their interaction. The general industry practice is to keep these NDA’s as short as…

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