Insights
Per article 367 of the Turkish Commercial Code No. 6102 (“TCC”), boards of directors of joint stock companies may transfer some authority related to the management of the company to some members of the board of directors or to third parties who are not members of the board of directors with an internal directive that it will prepare and put into effect.
While Coronavirus (“Covid-19”) is still affecting the world essentially, retail industry, as one of the most deeply affected fields in the commercial world by the reflections of the pandemic, should also be careful to pass their plans through the legal filter, in order to protect the health of employees, to satisfy customers and to get over this Covid-19 period with the least possible losses.
Turkey-specific information concerning the key legal issues that need to be considered when mediating a dispute.
Turkey-specific information concerning the key legal issues that need to be considered when drafting and enforcing governing law and jurisdiction clauses.
In commercial life, the undertakings' ability to carry out their activities freely without being under pressure, is important in terms of maintaining its presence in the market where the undertakings are operating, as well as the consumer's, who are the end buyers, ability to be able to benefit from the final product put on the market at fair pricing and with quality product balance.
2021 has been a ground-breaking year in terms of Turkish Competition Law due toimprovements in various aspects. Compared to the recent developments of the last 10 years, in2021, Turkish Competition Law practice has gained serious momentum only in one year, throughvarious Turkish Competition Board (“Board”) precedents and statutory amendments.
The 2023 Merger and Acquisition Outlook Report (the “Report”), prepared by the Economic Analysis and Research Department of the Competition Authority (the “Authority"), was published on January 5, 2024, on the Authority's website.