Turkish law, more precisely the Foreign Direct Investment Law numbered 4875 and the Regulation on the Implementation of the Foreign Direct Investment Law (the “ Regulation ”), allows foreign companies to have an official presence in Turkey under the form of a “ liaison office ”. This alternative option is often chosen by foreign companies which are interested in the Turkish market but are reluctant to establish a subsidiary in the form of a company and branch. In this articl

Shareholders can choose to liquidate their companies through a resolution. The company may have achieved its goal, or its operations may no longer be needed, or the unmet business goals, economic and legal uncertainties may be the reasons for such decision. Even if the company can still pay its debts, the winding up of the company may be the best option. In this article, we will be explaining the legal steps and some other points to consider for the shareholders’ voluntary li

The Code on Amending the Code on the Establishment and Duties of the Turkish Exporters Assembly and Exporter Associations and Certain Codes numbered 7341 (“ Code ”) entered into force with its publication in the Official Gazette dated 6 November 2021. The Code may be accessed here (available in Turkish only). With Article 17 of the Code, the phrase “six” in Article 543 paragraph 2 of the Turkish Commercial Code numbered 6102 (“ TCC ”) has been changed to “three”. This means

Remote working has been explicitly regulated in Turkish Law since the amendment made in Labor Code numbered 4857 (the “Code”) in 2016. As...