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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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MARRIAGE IN TURKEY FOR NON-TURKISH CITIZENS

As a contract of Family Law, marriage has strictly regulated formal requirements under the Turkish Civil Code (hereinafter referred to as “TCC”). Therefore, the validity of a marriage depends not only on the parties’ capacities to marry or the absence of an impeding situation, but also on complete consistence with these strict formal requirements.

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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.

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