According to the Law on the Protection of Personal Data (KVKK) No. 6698, personal data is defined as any information relating to an identified or identifiable natural person. Many people have access to their personal data within the scope of commercial activities of companies. In terms of these data, the legal entity of the company...
Due to the advantages of franchising contracts, they have become the preferred contracts in the commercial life in Turkey as well as abroad. Franchising is a type of business model, distribution and marketing method as well as being a contractual relationship. These contracts are encountered in many different sectors such as oil companies, hotels, restaurants,...
Actions for annulment of disposition and Action for Nullity Filed for Collusion can be confused with each other due to their verbal connotations and, in some cases, the basis of a collusive transaction. In practice, it is common for one of these lawsuits to be filed where the other one should be filed. In this...
A provisional attachment is the prior seizure of the debtor’s property by court order in order to ensure that the debtor pays the debt to the creditor on time. As a rule, the provisional attachment can be requested for the receivables that are due. For undue receivables, it is possible to place a provisional attachment...
A negative declaratory action is a type of declaratory action filed to prove that the debtor is not indebted. In this case, it is requested from the court to determine that the claimed right or legal relationship does not actually exist. The person who is claimed to be in debt can put forward different reasons...
Due to the fact that the number of competitors is increasing every day in commercial life, each firm or seller is struggling to increase its number of customers and demand for its products. In order to be able to say that this struggle is given in accordance with the law and within the framework of...
A provisional attachment is the temporary seizure of the debtor’s property in order to secure the creditor’s receivables. In order to claim a provisional attachment, it is sufficient to have a receivable belonging to the creditor that has not been secured by a pledge and has not been paid yet. It is only possible to...
A debt note that is a negotiable instrument that depends on certain form conditions and includes a commitment to pay some money is called a bond. There are mandatory and discretionary validity conditions that must be observed when preparing a bond. Mandatory Form Requirements If the conditions of the said mandatory form is not conformed...
Limited Company Merger Agreements and Agreement Examples Companies, which are important subjects of commercial life, are subject to various legal transactions. Some of these transactions are that the companies are subject to a sales contract, division, subject to sale (transfer), going to change type or merging with each other. In this article, we will focus on the...
In order for a resolution to be taken at the General Board of limited companies, a sufficient number of partners must attend the meeting and a sufficient number of partners must vote positively. Said quorums are called meeting quorum and resolution quorum. The minimum number of votes required for a General Board resolution in a...