Corporate control does not mean unlimited power. In a Turkish joint-stock company, a majority shareholder may control the general assembly and may effectively determine who sits on the board of directors. However, neither the general assembly nor the board may disregard the Turkish Commercial Code, the articles of association, minority rights, the equal treatment principle […]
A company acquisition may appear complete when the share transfer is registered, the purchase price is paid and the buyer takes control of management. Then, several months later, a tax inspection notice arrives. The tax authority claims that the company: The buyer may immediately ask: “I did not create this tax liability. Can I recover […]
Introduction The death of a founder does not necessarily end a family business. It can, however, completely change the balance of power inside the company. A business that was previously controlled by one founder may suddenly have: The problem becomes particularly serious where the founder held a controlling interest. A company that effectively had one […]
A Turkish company owns a valuable shareholding in another business. The investment has a fair market value of approximately TRY 100 million. The company’s manager or board of directors subsequently sells that stake for TRY 25 million. The buyer may be an independent investor, another shareholder, a related company, a family member of the manager […]
When one spouse owns a company, divorce-related property liquidation can become significantly more complex than the division of a house, vehicle or bank account. A privately held company may have substantial economic value even when its registered share capital is relatively low, its annual accounts show limited profit, or the company has never formally distributed […]
A spouse who senses that divorce is approaching may try to place valuable assets beyond the other spouse’s reach. One of the most common scenarios is deceptively simple: an apartment, land, villa, commercial property, or other real estate registered in one spouse’s name is suddenly “sold” to that spouse’s mother, father, brother, or sister shortly […]
Under Which Law Do the Establishment of Parentage and Adoption Procedures of Foreign Nationals Fall? What Is the Jurisdiction of Turkish Courts? In family law disputes involving a foreign element, the establishment of parentage, the effects of parentage, and adoption are among the important issues of private international law. In particular, where the child, mother, […]
Imagine this scenario: You wake up one morning, brew your coffee, and casually check the daily news or the Official Gazette, only to discover that your neighborhood—the streets you walk every day, the home you have invested your life savings into—has been officially designated as a “Reserve Building Area” (Rezerv Yapı Alanı) by the government. […]
The intersection of property law and the law of obligations rarely produces a scenario as complex, economically devastating, and socially prevalent as the “Construction Contract in Return for Land Share” (Arsa Payı Karşılığı İnşaat Sözleşmesi). Driven by urban transformation initiatives (Kentsel Dönüşüm) and the high value of real estate, landowners and construction companies frequently enter […]
Can a Foreign National Employer Employ Workers in Türkiye? Rights and Responsibilities of the Employer Legal Framework for Foreign Employers Employing Workers in Türkiye The employment of workers in Türkiye by foreign individuals or foreign legal entities requires the combined assessment of Turkish labour law, corporate law, social security legislation, and regulations concerning the employment […]