DEMERGER OF STOCK COMPANIES UNDER TURKISH COMMERCIAL CODE
1. The Concept of Demerger of a Company in General Once established pursuant to Turkish Commercial Code ("TCC"), stock companies, at their own discretion, might undergo structural changes in order to enhance their competitiveness and strengthen financial status. In this regard, as one of the alternatives, companies might opt for demerger by virtue of separating their assets and liabilities partially or in full. The pertinent articles whereby demerger process is regulated under Turkish Law are TCC Article 159 to 179.Read More
Turkish Labour Law Regulations Relating Women
As in various part of life, legal regulations have been made, in order to equality of opportunity for men and women and to increase women's participation in business life. In this study, the legal arrangements for women employees in Turkish Labour Law were examined in the context of women's rights (as human rights) in a broad way and it was discussed whether these provisions were changes made in “favour” of women or were a manifestation of a male-dominated (patriarchal) mindset.
Long Awaited Articles Of Turkish Code Of Obligations On Renting Business Premises With Roof Finally Entered Into Force On July 1, 2020
On 1 July 2012, when the Turkish Code of Obligations No. 6098 (“TBK“) came into power, the entry into force of some articles were postponed for 8 years. Some changes shall occur along with the provisions on workplace rents, which were delayed until July 1, 2020. In this article, these changes shall be addressed.Read More
What is Labour Law and The Principle of Equal Treatment?
Labour law (it is also known as labor law or employment law) arbitrates the relationship between workers, employers, trade unions and the government. The Principle of Equal Treatment is based on to ensure all people - and in the context of the workplace, all employees – have the right to receive the same treatment and not to be discriminated regardless of a worker’s position, age, disability, sex, race and religion. The scope and the results of the employer's obligation of equal treatment for fair working conditions are regulated in article 5 of Labour Law numbered 4857, under Turkish Law.Read More
The Enforcement and Bankruptcy Code regulates concordat, restructuring and bankruptcy proceedings. The Banking Code was revised in 2018 to include new provisions for those who owe money to financial institutions.Read More