Perspectives

Limited Liability Companies (LLC) and Joint Stock Companies (JSC) are the common choices for setting up a business in Turkey. The new Turkish Commercial Code (NTCC) is expected to come into force on 1st July 2012, bringing with it sweeping changes to the way these companies are governed...

Financial statements have been subject to major amendments with the New Turkish Commercial Code numbered 6102 ("New TCC"). The New TCC has adopted the Turkish Accounting Standards ("TAS") which are ...

The purchase by a company of its own shares is generally referred to as a "share buyback." Companies follow this process in order to reduce the number of their shares in the market. The two main reasons that companies may elect to reduce their shares in the market are: (i) increasing the value ...

The new Turkish Commercial Code numbered 6102 (the “New TCC”) was promulgated in the Official Gazette on February 14, 2011. The new Turkish Commercial Code will become effective as of July 1, 2012 pursuant to the Law numbered 6103 on the Validity and Application of the Turkish Commercial Code 1 July 2012 and Law...

Umut Kolcuoglu, the partner of Kolcuoglu & Demirkan Law Firm, has prepared the following presentation regarding the Changes Introduced by the New Turkish Commercial Code. You can download this presentation from the following link ...