Article
Capital Maintenance After Incorporation: The Two-Year Rule Under Article 356 Of The TCC
Article 356 of the Turkish Commercial Code (“TCC”) introduces specific restrictions on certain acquisition and lease transactions carried out by joint stock companies within the first two years following their incorporation. The primary purpose of this provision is to safeguard the company’s share capital, which constitutes a fundamental guarantee for creditors
ELIG Gürkaynak Attorneys-at-Law