Introduction Tax can change the economics of an M&A transaction just as significantly as the negotiated purchase price. A buyer may prefer an asset acquisition because it can select the assets being purchased and potentially obtain a new tax basis for acquired assets. A seller may strongly prefer a share sale because transferring company shares […]
Introduction A management buyout can create one of the most unusual dynamics in an M&A transaction: the people buying the company may also be the people who know more about it than anyone else. In a conventional acquisition, an external buyer investigates the target through due diligence. In a management buyout (“MBO”), the acquiring group […]
Introduction Some of the most valuable companies in Turkey began as family businesses. A company may have been founded by one entrepreneur decades ago, expanded with the participation of children and relatives, accumulated substantial real estate and developed into a major manufacturing, retail, construction, logistics, tourism or services group. The legal structure, however, does not […]
Meta Description: A comprehensive legal guide to acquisitions and restructurings of family-owned businesses in Turkey, covering succession planning, inheritance of company shares, family shareholder disputes, share transfer restrictions, minority rights, valuation, corporate governance and sale to strategic or private equity investors. Introduction Some of the most valuable companies in Turkey began as family businesses. A […]
A USD 100,000 Shipment Disappears Between Istanbul and Frankfurt — Is the Airline Liable for the Full Amount? Imagine that a Turkish technology company ships a small package containing high-value electronic components from Istanbul to Frankfurt by air. The package weighs only 10 kilograms. Its commercial value is USD 100,000. The goods are handed over […]
When a Family Member Becomes “Baggage” in Aviation Law For many passengers, a dog or cat travelling with them is not luggage. It is a family member. Aviation law, however, can produce a very different legal classification. Imagine that a passenger travels from Istanbul to Paris with a dog. The airline accepts the animal at […]
1. Introduction: When an Aircraft Crashes, Is the Airline the Only Defendant? When a commercial aircraft crashes, public attention initially focuses on the airline. Was the pilot properly trained? Was the aircraft maintained correctly? Did the airline ignore a technical warning? Was the crew fatigued? Did air traffic control make an error? Yet another question […]
Can You Legally Film a Wedding, House or Person with a Drone in Turkey? A drone flying over a wedding venue can create spectacular cinematic footage. A real estate agency can show an entire villa, garden and coastline in a thirty-second aerial video. Hotels, construction companies, event organisers and social-media agencies increasingly use drones as […]
Imagine that an airline suddenly suspends all operations overnight. Thousands of passengers arrive at airports the following morning only to discover that their flights have been cancelled. Employees have not received salaries for several months. Fuel suppliers, airports and ground handling companies are owed millions of dollars. Banks demand repayment of outstanding loans, while the […]
What Happens When a USD 100 Million Aircraft Lands in Turkey? Assume that a Turkish airline purchases an Airbus A321neo or Boeing 737 MAX abroad. The aircraft departs from Toulouse, Seattle, or another delivery location and lands in Istanbul. What happens legally when the aircraft arrives in Turkey? Importing an aircraft worth USD 80 million, […]