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An Investment Alternative For Foreign Companies: Establishing A Liaison Office In Turkey

Investors who want to invest in Turkey have many different options. The most advantageous investment type should be determined by considering many components such as the investor’s special conditions and short and long-term expectations from the investment. If the investor is planning to invest as a legal entity in Turkey, one of the options is...

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The Effect Of Transfer Of Commercial Businesses And Workplace On Employment Contracts

With the transfer of commercial enterprises, it is possible to transfer assets and debts. The main principle of transfer of operation is that a business enterprise should be able to continue operating as it was transferred. To achieve this, the commercial relations of the commercial enterprise and the contracts made to maintain the business relations...

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RESPONSIBILITY FOR DAMAGES INCURRED BY THE LIMITED COMPANY

  Summary: A limited liability company may incur damages due to the violation of legal obligations by the founders, directors, board members, and liquidators. While the company incurs direct damages due to the limited company incurring damages, the company partners and creditors incur indirect damages. Partnership or the persons who incur damages may apply to...

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ASSESSMENT OF RESPONSIBILITIES OF PARTNERS AND COMPANY MANAGERS REGARDING OBLIGATION OF LOYALTY AND PROHIBITION OF COMPETITION TERMS IN LIMITED COMPANIES

Summary: Limited companies are established as capital companies and they are considered legal entities starting with the moment of their establishment. Starting at this very moment, it was attempted to have the shareholders and managers understand the rights and limits of the personality of the capital company by reminding them of the obligations such as...

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SHARE TRANSFER IN LIMITED COMPANIES

Summary: The realization of the transfer of principal capital shares of the limited companies which are established under a commercial title by one or more natural or legal entities and which are stock corporations, is subject to certain formal conditions in the Turkish Commercial Code and its justification. The validity of the share transfer is...

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HOW TO REFUND REGISTERED CAPITAL PAYMENT ON SHARE TRANSFER OF THE LIMITED COMPANY?

Transfer of capital share in Limited Companies (transfer of shares) complates rely on  article 595 of the Turkish Commercial Code. The elements contained in this article are from the validity requirements of the share transfer. In addition, if even any of the compulsory elements are missing, the share transfer will become invalid. For example, the...

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Liability and Limits of Partners for Limited Liability Company Debts

  Abstract: While the legal entity is responsible for all assets due to the debts of limited liability companies, the debts of the partners against the company are limited.  In limited liability companies, the principle is adopted that partners are not responsible for company debts, except for public receivables. Subsidiary payment and ancillary obligations may...

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LEGAL FUNCTION AND CONCLUSIVE FORCE OF INVOICE AND OBJECTION TO INVOICE

INTRODUCTION Ensuring certainty and stability in commercial life is one of the important elements that contribute to the principle of legal security and the country’s economy. Invoices for documenting and recording contracts drafted by merchants ensure that this element is implemented in commercial relations. In this bulletin, necessary information on the written form requirements of...