Author Archives: admin

NOTIFICATION OBLIGATION HAS BEEN IMPOSED ON BEARER SHAREHOLDERS WITHIN THE SCOPE OF NEW AMENDMENTS IN THE TURKISH COMMERCIAL CODE

The regulations regarding bearer shares in the Turkish Commercial Code (“TCC”) was amended with Articles 29 to 34 of the Law No. 7262 on the Prevention of the Financing of the Proliferation of Weapons of Mass Destruction (“Law”), which entered into force upon publication in the Official Gazette dated December 31, 2020. In accordance with […]

THE PERIOD FOR THE PROHIBITION OF TERMINATION OF EMPLOYMENT AGREEMENTS HAS BEEN EXTENDED

In accordance with the Presidential Decree No. 3344, which was published in the Official Gazette dated 30.12.2020 and numbered 31350; the duration of the prohibition for the termination of employment or service contracts for three months, as regulated under the temporary Article 10 of the Labor Law, was extended by two months as from the […]

THE PERIODS TO BENEFIT FROM THE RESTRUCTURING OF TAX DEBTS HAVE BEEN EXTENDED

The application, notification and declaration periods stipulated in order to benefit from the provisions of “Law No. 7256 on Restructuring Certain Claims and Amending Some Laws” has been extended for up to a month with the President’s Decree No. 3343 which was published in the Official Gazette dated 30.12.2020 and numbered 31350. Click here for […]

APPLICATION PERIOD FOR SHORT WORK ALLOWANCE IS EXTENDED

Presidential Decree No. 3316 on extending the application period for short-time work allowance was published in the Official Gazette dated December 23, 2020 and entered into force. In accordance with the said decision; for workplaces applying for short-time working for the period after January 1, 2021 due to compelling reasons within the scope of periodic […]

THE PERIOD FOR THE SHORT WORK ALLOWANCE HAS BEEN EXTENDED

In accordance with the Presidential Decree No. 3314, which was published in the Official Gazette dated 23.12.2020 and numbered 31343; the period granted to benefit from the short-time work allowance has been extended until 28.02.2021.   In accordance with the said Decree; the duration of the short-time working allowance will be extended until 28.02.2021 as […]

APPLICATION PERIOD FOR SHORT WORK ALLOWANCE IS EXTENDED

Presidential Decree No. 3238 on extending the application period for short-time work allowance was published in the Official Gazette dated December 01, 2020 and entered into force. In accordance with the said decision; for workplaces applying for short-time working for the period after December 1, 2020 due to compelling reasons within the scope of periodic […]

Regulations on Tax Debt Restructuring Entered into Force

New regulations on tax debt restructuring entered into force in accordance with the “Law on Restructuring Certain Receivables and Making Amendments in Some Laws” numbered 7256, which was published in the Official Gazette dated 17 November 2020 and numbered 31307. Pursuant to item (a) of paragraph 1 of Article 3 of the Law; in order […]

FAMILY CONSTITUTION OR SHAREHOLDERS’ AGREEMENT?

Many family businesses with the aim for institutionalization establish some rules in order to regulate the relations between the company shareholders to facilitate the management of the company and to make its existence long-term. Most of the time, these rules are gathered under the family constitution and signed not only by the shareholders, but by […]

WHAT ARE THE LEGAL AND CRIMINAL LIABILITIES OF DIRECTORS REGARDING THEIR CORPORATE DUTIES?

Members of the board of directors and general managers in joint stock companies, and company managers in limited companies often do not have information about the legal, criminal and financial liabilities they undertake regarding company management. This lack of information prevents managers from taking the necessary measures to protect themselves and the company, resulting in […]