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.
Voluntary Liquidation Procedure of Equity Companies with a General Assembly Resolution
Liquidation of companies is regulated in detail under the Turkish Commercial Code. Companies may enter the liquidation process for several reasons arising from the law or articles of association. In this post, we examine the process to be followed for the liquidation of joints stock and limited liability companies.
Personal Data Protection and VERBIS Registration Obligations of Representative Offices, Direct Activities and Branches of International NGO’s Located in Turkey
INGOs that are processing personal data directly or through representation office, direct activities or branches from Turkey are obligated to register with VERBIS and to take administrative and technical measure to protect personal data they process. In our post, we have evaluated these obligations considering the decisions made by Personal Data Protection Board and KVK.
Personal Data Protection and VERBIS Registration Obligations for Foreign Company Branches and Liaison Offices Located in Turkey
Data controllers that are processing personal data directly or through liaison offices or branches from Turkey are obligated to register with VERBIS and to take administrative and technical measures to protect personal data they process. In our post, we have evaluated these obligations in light of the decisions made by the Personal Data Protection Board and relevant legislation.
Postponing and Cancellation of Organizations Due To the COVID-19 Outbreak
Collectively held activities such as concerts, weddings, and festivals have been temporarily suspended within the scope of the measures to combat COVID-19. In this post, we have briefly evaluated issues relating to refunds of event tickets and venue leases which have been prepaid by consumers.
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.
Documentation of Cash and In-Kind Assistance Programs for INGO’s and Associations
Due to the COVID-19 outbreak, in-kind and cash donation activities of International and Local Non-Governmental Organizations that are operating and registered in Turkey have increased. In our blog post, we have evaluated the important point that should be considered during the registration process of the associations' incomes and expenses.
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.
Amendments to Terminations, Unpaid Leave and Unpaid Leave Insurance Termination through the Omnibus Law
Within the scope of the Omnibus Law numbered 7244, important amendments have been made to the Labor Law and Unemployment Insurance Law including limitations to terminating employment agreements by employers and application of unpaid leave without employee consent. In this post, we have evaluated these amendments.
Cheque Submission Periods & Bad Cheques within the Scope of COVID-19 Amendments Share
Have cheque submission been suspended in the scope of COVID-19 economic precautions? We have evaluated how the cheque submission dates should be interpreted within the scope of the newly enacted Law numbered 7726.
Inter-City Travel Restrictions and Travel Permissions within the Scope of COVID-19 Restrictions
The term for travel restrictions between certain cities in Turkey has been extended. We have summarised the conditions for travel permissions and provided some practical information regarding the application.
Postponement of Social Security Contribution Payment Deadline within the Scope of COVID – 19 Measures
SSI contribution payment deadlines have been extended for certain entities and individuals. In our post, we evaluated the scope and the period of this extension.
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.
Can Contraction of the COVID-19 be Considered as an Occupational Accident?
Can the contraction of the COVID – 19 virus be classified as an occupational accident? We have evaluated this issue in consideration of a recent court ruling and provided brief information relating to the liability of the employer.
Short Term Employment Fund
Short Term Employment Fund Share It has been announced the short term employment fund will be utilized for the purposes of mitigating the effects COVID – 19 outbreak. The short term employment fund is an instrument which could alleviated stress on the cash flow and provide regular income for employees. In this post we have consolidated some of the most fundamental issues on the topic.
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.
Social Cooperatives in Turkish Law
Social Cooperatives in Turkish Law Share In this blog, we aim to provide a framework regarding the legal structure of social cooperatives. This framework is important for understanding how cooperatives are regulated under Turkish law and will provide a ground for comparing social cooperatives with foundations and associations.
A Snapshot of Turkey: Awareness and Impacts of Mobbing
Awareness is the beginning point of solving a problem. In this post we evaluate the level of awareness and impact of workplace mobbing on an individual and institutional level.
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.