Overview of Turkish Commercial Litigation
Mandatory mediation, competent court and territorial jurisdiction, evidence, the appeal and cassation processes, interim measures and obligation of foreigners to provide a security are fundamental issues concerning commercial litigation under Turkish law. In this article, we have provided an overview of commercial litigation under Turkish law.
Liabilities of the Liquidation Officer Regarding a Voluntary Liquidation
The Turkish Commercial Code Numbered 6102 stipulates the significant duties to be undertaken by liquidation officers during the liquidation process. These duties also carry certain forms of liability for the liquidation officers. In this article we have examined the liability of the liquidation officers and claims that may be brought against them
Exiting the Voluntary Liquidation Process
Is it possible for a company to exit a voluntary liquidation process to ensure its continuity? In this article, we have examined the issue of exiting voluntary liquidation with respect to joint-stock and limited liability companies.
Payment of Company Debts During Voluntary Liquidation
The Turkish Commercial Code contains important provision ensuring the protection of company creditors and payment of their receivables within the scope of the liquidation process. In this article, we evaluated provisions regarding the payment of debts of the company in liquidation and the protection of creditors.
Digital Service Tax Has Been Enacted!
As a result of the expanding digital ecosystem and developing digital economy, a new tax liability has been introduced for digital service providers. In this post, we have evaluated the digital service tax and the scope and exemptions of this new tax liability.
Prohibition on Stockpiling and Unjust Pricing within the Scope of COVID - 19 Measures!
Legal amendments allowing additional measures against stockpiling and unfair pricing have been enacted. These amendments are likely to have a significant impact on stockpiling and pricing practices for wholesalers and retailers. We have evaluated these amendments together with relevant actions that may constitute crimes under the Turkish Criminal Code.
Postponement of Declaration and Payment Periods of Income Tax, VAT and Withholding Tax within the Scope of COVID - 19 Measures
2019 tax declaration and payment periods of annual income tax, VAT and withholding tax statements were postponed. In this post, we evaluated the scope and periods of the postponement.
Limitations On Dividend Distribution Of Capital Companies
One of the economic measures taken to mitigate the effects of the COVID-19 outbreak is the limitations on the dividend distribution of equity companies. In this post, we evaluated the dividend distribution limitations within the scope of the announcement made by TOBB and the amendment to the Turkish Commercial Law within the scope of the Omnibus Law numbered 7244.
Mitigating COVID - 19: Turkey's Economic Precautions
In order to mitigate the impact of COVID -19 on the econmony, Turkish President has announced a TRY 100 bl. additional fund named "Economic Stability Shield". In this post we list actions items which may be relevant to for profit and non-profit organisations.
Winding Down and Liquidating a Company in Turkey: Getting A Strong Start
Winding down commercial operations and liquidation of a company can be a difficult process. Getting a strong start can play an important role in managing the process efficiently. In this post we have outlined the steps required to help you get a strong start.
Winding Down and Liquidating a Company in Turkey: Milestones.
Liquidating companies requires the implementation of a series of actions including winding down. Although, operations and needs of different companies may vary the process to be followed is usually compromised of similar steps.