Former CO regulated enterprise transfers without comprehensive provisions. Transferor and transferee were severally liable for two years under CO
Corporate governance refers to norms for honest company management. Board of directors plays crucial role in structuring senior management. Corporate governance advisory covers executive hiring and company oversight
Merger is the combination of multiple companies without liquidation. Due diligence is detailed analysis of target company before acquisition. Mergers can be voluntary (contractual) or legal (authorized)
Turkish Commercial Code regulates ship registry between Articles 954-995. Registry established by Ministry of Transport for Turkish ships. Registration mandatory for merchant ships over 18 gross tons. Ships registered at port of mooring unless otherwise specified
Commercial Code is part of Turkish Civil Code and regulates commercial transactions. Commercial customs prevail over general ones unless specifically recognized. Commercial cases are handled by commercial court of first instance. Mediation required for certain commercial lawsuits
Turkish Commercial Code recognizes five main company types. Investors prefer joint stock and limited liability companies. Companies must register with Trade Registry Offices. Trade name reserves are valid for 3 days