Shareholder expulsion in two-partner LLCs has been a matter of concern over the years in Turkey. Relevant legal condition regarding majority vote was the main underlying challenge. The clause of “application to the court for the expulsion of a shareholder for just cause” in Article 621 of Turkish Commercial Code Numbered 6102, has been removed […]
2025 Türkiye Climate Law enters into force. Introduction of the new legislation about climate law establishes Türkiye’s determination on its own international commitments for climate efforts across the world. Introduction After the approval of the Turkish Grand National Assembly, the Climate Law numbered 7552 entered into force through the circuit of Official Gazette dated 9
Fundamental breach of contract means a violation of cornerstone features of a contract. That should be thorougly reviewed by particularly companies about their business relations. Take a look at our workings for corporate governance Corporate Governance Introduction There is no doubt that one of the core principles of Contract Law is that the parties are
Revision of the Regulation on Shopping Centers in Turkey is newly made. The amendment was published through the Official Gazette dated May 8, 2025 and numbered 32894. Please visit official website of the Official Gazette Introduction The Turkish government has enacted significant amendments to the Regulation on Shopping Centers, as published in the Official Gazette
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Implications of the 2025 Decision on Amending the Criteria for Independent Audit in Turkey should be throughly kept in mind by corporate managements. Criteria for Independent Audit in Turkey has been declared in theOfficial Gazette dated 1 May 2025 and numbered 32887. All business lawyers should analyze the implications of the regulatory change. Introduction Under Article
Electronic maintenance of commercial books unrelated to accounting of the business starts in Turkey. That is a sign of a new era in the field of Corporate Governance and Commercial in Turkey. Introduction The electronic maintenance of commercial books unrelated to accounting of the business has been officially introduced in Turkey. That is declared by
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Opening Branch Office in Turkey involves very careful steps under the Turkish regulatory framework. Relevant companies should benefit from a full-fledged legal guidance by Turkish business lawyers. Introduction Opening branch office in Turkey requires careful adherence to the country’s regulatory framework. The legal or business headquarters of the parent company must systematically follow a series
2024 Regulation on Products Subject to Distance Shopping starts in Turkey. The Ministry of Trade has newly adopted the Regulation on Market Surveillance and Control of Products Supplied on the Market via Remote Communication Tools (Uzaktan İletişim Araçları Yoluyla Piyasaya Arz Edilen Ürünlerin Piyasa Gözetimi ve Denetimi Yönetmeliği in Turkish). The Regulation was published in
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Establishment of direct sale mechanism in Turkey 2024 needs to be reviewed. Indeed, legal amendments to the Law on Consumer Protection needs to be comprehensively analyzed by all practitioners including Turkish business lawyers. The Law Numbered 7529 was passed through the Turkish Grand National Assembly by bringing a direct selling system as Article 47 (A)
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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
