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AMENDMENT OF THE ARTICLES OF ASSOCIATION IN JOINT-STOCK COMPANIES UNDER TURKISH COMMERCIAL CODE

The procedures and principles of amendments at Articles of Association of the Company have regulated in articles 452 et seq. of the Turkish Commercial Code numbered 6102. In addition to that, under Regulation on the “Procedures and Principles of the General Assembly Meetings of Joint Stock Companies and the Representatives of the Ministry to Attend These Meetings”; amendments to be brought at the articles of association are among the inalienable duties and powers of the General Assembly.

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Registration and Announcement Obligation of “Group of Companies” Under Article 198 of Turkish Commercial Code

Information Note on Notification, Registration and Announcement Obligation of “Group of Companies” Under Article 198 of Turkish Commercial Code

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ACTION FOR TERMINATION OF THE PARTNERSHIP AS A MINORITY RIGHT IN JOINT STOCK COMPANIES

Although the concept of termination of partnership for joint stock companies for just cause has been stipulated at the reference  Swiss Code of Obligations

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LIQUIDATION PROCESS OF JOINT STOCK COMPANIES UNDER TURKISH COMMERCIAL CODE

Liquidation process of Turkish Joint Companies (“JSC”) is subject to the pertinent provisions of Turkish Commercial Code numbered 6102 (“TCC”) as well as Articles of Association (“AoA”) of the companies.

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EXERCISING VOLUNTARY MEDIATION PROCESS IN TERMINATION OF EMPLOYMENT CONTRACTS UNDER COVID-19 PANDEMIC ERA IN TURKEY

With a view to mitigating negative impacts of Covid-19 pandemic on social and economic life, Turkish authorities have put into force series of measures on employment related matters. Pursuant to the amendments brought to the Turkish Labor Code Numbered 4857 on 17.04.2020, the concept of so called “Termination Prohibition” has been incorporated, according to which, it is forbidden to lay off the employee from work unless there exists a good cause to do so, within the meaning of law. Said amendment is effective and in force until 17.11.2020, however taking into the account the increased number of COVID-19 cases worldwide, it is likely that the expiry date will be extended.

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