The purpose of execution proceedings is to ensure that the debt that the debtor has not paid voluntarily is collected from the relevant debtor. For this purpose, a praecipe is served on the debtor to pay the debt. This is a kind of “pay your debt” notice to the debtor. If the debt is not...
The concept of cryptocurrency is a new concept that occupies the agenda of states, societies, and the press on an international scale. Although it is a term that we are all familiar with now, the lack of a physical equivalent of crypto money is still on a plane dominated by uncertainties in the face of...
As a rule, it is possible to seize all kinds of property and rights of the debtor. Some goods and rights that are stipulated in the Law cannot be confiscated as exceptions and these are clearly stated. It is possible to seize all assets of the debtor, such as movable and immovable properties and the...
Replevin cases are the lawsuits filed for the continuation of the seizure by proving that the property belongs to the debtor, or for the rescue of the seized property, even though it does not belong to the debtor. It varies according to who filed the lawsuit and for what purpose the property is in the...
Executive proceedings are a coercive legal procedure to ensure that the debtor who has not paid the debt pays it. Suppose the debt is not paid within the period given to the borrower to pay the debt by the payment order and the executive proceedings are finalized. In that case, confiscation is placed on the...
The person who is faced with the risk of seizure and sale of her/his goods, although she/he is not in debt, pays the money subject to the executive proceeding in order to eliminate this risk. There are different options for the person who wants to get back the money paid unfairly. In our article named...
Although the limited companies are stock corporations, the company’s partners are allowed to be excluded from the partnership in order to maintain the partnership relationship in a healthy way, since the environment of trust between the partners is also important. In limited companies, it is possible to expel a partner from the company by a...
A Limited Company is established by one or more real or legal persons under a trading name, and its basic capital is determined and this capital consists of the sum of basic capital shares. A limited company can be established by a single person or the company can have more than one partner. In this...
The General Board in a limited company is the decision-making body formed by the presence of all the partners. It convenes once or more than once a year and takes decisions with the quorum of meetings and resolutions stipulated in the Law or in the Articles of Association on the matters to which it is...
As in every Article of Association, Articles of Association of limited companies regulates important issues such as the basic structure and functioning of the company, its capital, rights, obligations and management of the partnership. For a company, the Articles of Association is almost like its constitution. For this reason, the Articles of Association of the...
