Family companies are a common way of integrating family and business both valued among all people. In this regard, a specific organization has been formed connecting business effort of the members and ongoing seeking of the family’s welfare with each other.
Even though escrow agreement and trustee services are not designated under Turkish law, we, attorneys at law working at Barlas Law Firm, hold the international certificate required to provide escrow services both in local and international levels.
Urban Transformation has been regulated under the Law No.6306 (“the Law”). The Law mainly aims to enhance old structures.
Principles regarding the determination of annual paid leaves are designated under articles of 53/61 of the Turkish Labor Law numbered 4857 and the related Regulation.
As is known, immovable properties are all registered and most of the purchasing transactions regarding immovable take place in title registry offices.
Duties of the Liquidator are designated at the related articles of the new Turkish Commercial Code. Liquidators are obliged to use appointed authorities in person and cannot transfer them to third parties.
Pursuant to Code of Pledge of Turkish Commercial Enterprise numbered 1447, pledge on movables is subject to several terms and conditions such as publicity and specificity of the goods, yet most importantly, handover of the possession.
A) Joint Stock Companies
A share is the part of the main capital divided to a specific number of unit value. In accordance with the current Turkish Commercial Code (hereinafter shall be referred to as”the TTC”) it is not mandatory for a Joint Stock Company (hereinafter shall be referred to as “JSC”) to issue shares. JSC reserves two types of shares. These are registered share and bearer share. A JSC may issue shares following the official registration of the company.
In line with the present legislation related to corporate law and the Turkish Commercial Code numbered 6762, dated July 9, 1956, published at the Official Gazette numbered 9353 (hereinafter shall be referred to as “the TCC”), joint stock company (hereinafter shall be referred to as “JSC”) and limited liability company (hereinafter shall be referred to as “LLC”) are the two most common company types.
You may find a chart below that designates the fundamental characteristics of a JSC and its differences from a LLC.
As is known, there have been numerous situations where audio and video recordings are taken in secret. Therefore, legal aspect of taking audio and video recordings in secret shall be examined.
In accordance with the Article 12 of the Universal Declaration of Human Rights; “No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honor and reputation. Everyone has the right to the protection of the law against such interference or attacks.”
AGAOGLU MASLAK1453
Maslak Mah. Tas Yoncası Sok.
C7 Blok D:45 Kat:8
Sariyer Istanbul – Turkey
+90 212 274 99 53 / 54
info@barlaslaw.com
