Headquarters and Branch Concept For a Business Organization
A business organization may either perform its business activities from a certain place or establish work places in accordance with the necessity of the business activity. Some of such business…
Work Permit, Work Visa and Residence Permit for Foreign National Citizens
1. Work Permit Foreign national citizens are obliged to be granted work permit by the General Directorate of Foreign Capital in order to perform work inside the borders of Turkey.…
Breakthroughs Introduced with the Draft Version of the Turkish Commercial Code – Volume II
What are the determinations for mergers, spin-offs and conversions? The Draft Version of the Turkish Commercial Code (“the Draft”) includes seventy articles for these three structure changes and such articles…
Breakthroughs Introduced with the Draft Version of the Turkish Commercial Code – Volume I
The draft version of the Turkish Commercial Code (“the Draft”) removed the current determination of progressive incorporation that is not applied. In addition, it is possible by the Draft for…
Duties, Authorizations and Obligations of the Board of Directors of Joint Stock Companies
Board of Directors (“the BoD”) of Joint Stock Companies is the body which manages and represents the company in the structure of joint stock company. In this regard, the BoD…
Amendments to the Incorporation Terms of Real Estate Investment Companies
Communiqué on the Amendment to the Communiqué on Principles regarding Real Estate Investment Companies (Serial: VI, No: 26) (“Amendment Communiqué”) has been published in the Official Gazette on December 31,…
Termination of an Employment Contract with Just Cause
A-) Employee’s Right to Terminate the Contract with Just Cause The employee is entitled to terminate the contract, whether for a definite or an indefinite period, within the presence of…
Overtime and Its Calculation
1. Term of employment is designated as maximum 45 hours a week. Overwork (overtime) begins when 45 hours of terms of working time is exceeded. Working extra hours (excessive work)…
Petroleum Market Law and Its Implementations
Petroleum Market Law numbered 5015 (“the New Law”), as determined in its justification, has been enacted by Grand National Assembly of Turkey (“GNAT”) at December 4, 2003 within the efforts…