Responsibilities and Liabilities of the Members of the Board of Directors of Joint Stock Companies

Responsibilities and Liabilities of the Members of the Board of Directors of Joint Stock Companies According to the Turkish Commercial Code (TCC), Joint Stock Companies has two mandatory organs, the general assembly and the board of directors. In this article, we will summarize the responsibilities and liabilities of board of directors’ members. A. Responsibilities of…

Issuing Power of Attorney in Turkey

Issuing Power of Attorney in Turkey Foreigners who wish to issue a power of attorney for a lawyer in Turkey can apply to notary publics in Turkey or to Turkish consulates abroad and issue the power of attorney. In addition, in order to be able to issue a power of attorney for foreigners at the…

Liaison Offices and Conditions of Foreigner Corporations in Establishing Liaison Offices under the Turkish Legislation

Liaison Offices and Conditions of Foreigner Corporations in Establishing Liaison Offices under the Turkish Legislation 1. What is a Liaison Office? Organizations that are built with the pursuit of observing the business opportunities and testing the market conditions in Turkey regarding a business line, who also desire to follow the business opportunities by researching the…

Company Executives’ Responsibility Deriving From Tax Penalties Directed To Companies

Company Executives’ Responsibility Deriving From Tax Penalties Directed To Companies Tax penalties and their related public claims arising from the tax investigations or administrative transactions of the tax authorities could be directed to the board members and company executives in Joint-Stock Companies (A.Ş.) and Limited Liability Companies (Ltd. Şti.). In another saying, it can be…

Advantages of Establishing a Joint Stock Company

Advantages of Establishing a Joint Stock Company An average of 150,4700 joint stock companies are established in Turkey. Joint stock and limited companies are the most preferred company types both in Turkey and also in international area. Joint stock companies and limited liability companies are similar to each other, but there are certain differences and…

The Lease Determination Case and the Conditions

The Lease Determination Case and The Conditions The rental price can be freely determined by parties within the framework of the freedom to conclude a contract. However, the Turkish Code of Obligations makes it possible to re-determine the rental price by the court upon request, especially to protect  non-dominant tenant. Rent determination lawsuit is a…