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Member Articles


The Unlikelihood of a Subsequent Debt Repayment in Accordance With the Swiss Federal Court Decision Dated 21 July 2015

Introduction Both in the Turkish Code of Obligations ("TCO") and the Swiss Code of Obligations ("SCO"), the notion of unlikely debt repayment is regulated under two different parts. According to Article 27 of the TCO (A ...

How Can the US Foreign Corrupt Practices Act and the UK Bribery Act 2010 Impact Foreign Companies?

Introduction The two main significant pieces of legislation governing international anti-corruption enforcement are the US Foreign Corrupt Practices Act ("FCPA") and the UK Bribery Act 2010 ("BA 2010"). The FCPA was ena ...

Legal Requirements for Board of Director Membership of Joint Stock Companies in Turkey

Introduction Article 363/2 of the Turkish Commercial Code1 ("TCC") regulates that if a member of the board of directors of a joint stock company is declared bankrupt, or such person's legal capacity is restricted, or if ...

Voting Agreements under Turkish Law

Introduction   In principle, shareholders exercise their right to vote in general assembly meetings in accordance with the ratio of the total nominal value of their shares to the company's share capital. Each shar ...

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