Turkey: Directors and Officers

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Article
The Board Of Directors’ Supervision Duty In Joint Stock Companies
Turkish Commercial Code No. 6102 (the “TCC” or the “Code”) establishes a fault-based liability regime for members of the board of directors. Pursuant to Article 553(1) of the TCC, board members who culpably breach their obligations arising from the law or the articles of association are liable for the resulting loss or damage caused to the company, its shareholders, and its creditors.
Turkey Commercial
E
Egemenoglu
Article
Anonim Şirketlerde Yönetim Kurulunun Gözetim Yükümlülüğü
6102 sayılı Türk Ticaret Kanunu (“TTK” veya “Kanun”) yönetim kurulu üyelerinin sorumluluğunu kusura dayalı bir sistemle düzenlemiştir. TTK m. 553/1 hükmü gereğince, yönetim kurulu üyeleri kanundan ve esas sözleşmeden doğan yükümlülüklerini kusurlarıyla ihlal ettikleri takdirde hem şirkete hem pay sahiplerine hem de şirket alacaklılarına karşı verdikleri zarardan sorumludurlar.
Turkey Commercial
E
Egemenoglu
Article
Under Article 376 Of The Turkish Commercial Code Technical Bankruptcy
Commonly referred to as “Technical Insolvency,” this concept is regulated under Article 376 of the Turkish Commercial Code (“the Code”) under the heading “Loss of Capital, State of Insolvency.” The provisions of the article define the circumstances of capital loss and insolvency for companies and set forth the procedures to be followed and the measures that may be applied in such cases.
Turkey Insolvency
SO
Sakar Law Office
Curated
Where To Draw The Line? - Shifting Alliances Under Turkish Merger Control Regime
The Turkish Competition Board ("Board") determined that the transaction concerning the acquisition of 51% of the shares in Andar Elektromekanik Sistemler Sanayi ve Ticaret AŞ ("Andar") by H. Ibrahim Bodur Holding AŞ ("HIB Holding") does not constitute a concentration under Turkish merger control regime given that the transaction results in a shifting alliances structure post-transaction.
Turkey Anti-trust
EG
ELIG Gürkaynak Attorneys-at-Law
Article
Anonim Şirketlerde Genel Kurul Toplantılarında Bakanlık Temsilcisinin Bulunması
Sermaye şirketlerinde genel kurul, şirket iradesinin oluştuğu en önemli organdır. Özellikle anonim şirketlerde pay sahiplerinin haklarını kullanabildiği, yönetim organının denetlendiği ve şirketin temel kararlarının alındığı bu toplantılar, sıkı şekil ve usul kurallarına tabidir. Bu çerçevede bazı genel kurul toplantılarında Ticaret Bakanlığı temsilcisinin ( “Bakanlık Temsilcisi”) bulunması zorunluluğu öngörülmüştür.
Turkey Commercial
SO
Sakar Law Office
Curated
Where To Draw The Line? - Shifting Alliances Under Turkish Merger Control Regime
The Turkish Competition Board ("Board") determined that the transaction concerning the acquisition of 51% of the shares in Andar Elektromekanik Sistemler Sanayi ve Ticaret AŞ ("Andar") by H. Ibrahim Bodur Holding AŞ ("HIB Holding") does not constitute a concentration under Turkish merger control regime given that the transaction results in a shifting alliances structure post-transaction.
Turkey Anti-trust
EG
ELIG Gürkaynak Attorneys-at-Law
Article
From Boardroom To Registry: Practical Insights On Transfer Of Representation And Trade Registry Practice
In joint stock companies, representation is vested in the board of directors. However, as companies grow and expand, it often becomes necessary to adapt or diversify the way representation is structured. To address this need, the Turkish Commercial Code numbered 6102 (“TCC”) allows boards of directors to delegate representation authority, provided that at least one member retains unlimited representation powers.
Turkey Commercial
HB
Herguner Bilgen Ucer Attorney Partnership
Curated
Where To Draw The Line? - Shifting Alliances Under Turkish Merger Control Regime
The Turkish Competition Board ("Board") determined that the transaction concerning the acquisition of 51% of the shares in Andar Elektromekanik Sistemler Sanayi ve Ticaret AŞ ("Andar") by H. Ibrahim Bodur Holding AŞ ("HIB Holding") does not constitute a concentration under Turkish merger control regime given that the transaction results in a shifting alliances structure post-transaction.
Turkey Anti-trust
EG
ELIG Gürkaynak Attorneys-at-Law
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