Corporate and M&A

Contact: Erdem & Erdem (Turkey)

Turkish Commercial Code No. 6102(“TCC”), which entered into force on July 1, 2012, brings novelties on the transfer of a commercial enterprise. The Trade Registry Regulation(“TRR”), a complementary regulation, which entered into force on January 27, 2013, clarifies some matters not regulated under the TCC. The transfer of a commercial enterprise, formerly regulated within the abrogated Code of Obligations No. 818 (“Former CO”), is now regulated in a more comprehensive and detailed manner within the TCC.

This article shall briefly refer to the provisions under the abrogated Turkish Commercial Code No. 6762 (“Former TCC”) and the Former CO. Subsequently, the basic principles of the new amendments and the novelties therein shall be explained.

Read the entire article at Mondaq.com.