The parties of creditor-debtor relations may change over time for various reasons. It is always possible for the creditor or debtor, of their own free will, to transfer the debt they have or the debt they owe to others. In the legal literature, such transactions are called assignment of claim or assumption of obligations. Our...
A debt note that is a negotiable instrument that depends on certain form conditions and includes a commitment to pay some money is called a bond. There are mandatory and discretionary validity conditions that must be observed when preparing a bond. Mandatory Form Requirements If the conditions of the said mandatory form is not conformed...
Ejectment cases are seen frequently in Turkey. In ejectment cases, a compensation called ejectment compensation or adequate pay compensation is requested from the other party. This compensation serves the purpose of compensating for the loss suffered due to the use and/or exploitation of the real-estate without the permission or consent of the owner. In order...
Limited Company Merger Agreements and Agreement Examples Companies, which are important subjects of commercial life, are subject to various legal transactions. Some of these transactions are that the companies are subject to a sales contract, division, subject to sale (transfer), going to change type or merging with each other. In this article, we will focus on the...
Abstract: In the presence of one of the justified causes, each of the company partners can demand the rightful dissolution of the company from the court. In cases where there is more than one partner or manager of the company in the action for rightful dissolution, the titles of the defendant and the plaintiff may...
In order for a resolution to be taken at the General Board of limited companies, a sufficient number of partners must attend the meeting and a sufficient number of partners must vote positively. Said quorums are called meeting quorum and resolution quorum. The minimum number of votes required for a General Board resolution in a...
Limited company General Board resolutions may be rescinded if they violate the rules stipulated in the law or the company’s Articles of Association or the rules of good faith. In order for such decisions to be rescinded, those who have the right of action must file a suit by fulfilling the necessary conditions. By whom,...
General Board in Limited Companies The General Board in a limited company is the decision-making body formed by the presence of all the partners. In limited companies with one partner, this partner has all the powers of the General Board. The General Board convenes once or more than once a year and takes decisions on...
The governing body of a limited company is the board of directors or director. If the right to manage is given to a single person, this person is authorized in the management of the company as a director. If more than one director is elected, they form the board of directors. According to the Turkish...
Duties and Powers of the General Board in Limited Companies In a limited company, the General Board, as the decision-making body of the company, has the authority to make decisions on the issues envisgaged in the Law (Turkish Commercial Code) or the contract. The General Board is the decision-making body formed by the presence of...
