Lawyers Edanur Atlı

Edanur Atlı

Edanur Atlı

Gün + Partners

Practice Areas & Work Department

Corporate and M&A

Dispute Management

Employment


Languages

English

Turkish


Memberships

Istanbul Bar Association


Education

2017, Law Faculty, İhsan Doğramacı Bilkent University, Ankara LL.B.

2013, İhsan Doğramacı Foundation Bilkent Erzurum Laboratory School, Erzurum

Impact of New Minimum Capital Amounts on Trade Registry Applications

With the Presidential Decree No. 7887 published in the Official Gazette dated November 25, 2023 and numbered 32380, the minimum capital amounts for joint stock and limited liability companies have been increased and accordingly, effective from January 1, 2024, the new minimum capital amounts have been determined as TRY 50,000 for limited liability companies, TRY 250,000 for joint stock companies and TRY 500,000 for joint stock companies that have adopted the registered capital system and are not publicly traded.

20.02.2024

İnternet Sitesi Açma ve Tescil Ettirme Yükümlülüğü

Türk Ticaret Kanunu’nun (“TTK”) bağımsız denetime tabi kıldığı anonim ve limited şirketler (bağımsız denetime tabi olan şirketlerin hangileri olduğu hakkında detaylı bilgi içeren makalemize ulaşmak için tıklayınız), yine aynı kanunun 1524. maddesi uyarınca, kuruluşlarının ticaret siciline tescili tarihinden veya bu yükümlülüğün yürürlüğe girmesi ile birlikte bu yükümlülük kapsamında girmeleri tarihinden itibaren 3 ay içinde bir internet sitesi açmak ve bu sitenin belirli bir bölümünü şirketçe kanunen yapılması gereken ilanların yayımlanmasına özgülemek zorunda kılınmıştır.

02.01.2024

Anonim ve Limited Şirketler için Asgari Sermaye Tutarına ilişkin Mevzuat Güncellemesi

25 Kasım 2023 tarihli ve 32380 sayılı Resmi Gazete’de yayımlanan 7887 sayılı Cumhurbaşkanı Kararı ile anonim ve limited şirketler için asgari sermaye tutarının 5 kat artırılmasına karar verilmiştir.

27.11.2023

New Minimum Capital Requirements in Turkey: Impact on Joint Stock and LLCs

With the Presidential Decree numbered 7887 and published in the Official Gazette dated 25 November 2023 and numbered 32380, it has been decided to increase the minimum capital amount for joint stock and limited liability companies by 5 times.

27.11.2023

The Period of the Regulation Stating that Certain Loss Items will not be Considered in the Calculation of Capital Loss and Negative Equity is Extended

The Communiqué on the Procedures and Principles Regarding Implementation of Article 376 of the Turkish Commercial Code No. 6102 was amended on December 26, 2020, and it was regulated that certain loss items will not be considered in the calculations made in terms of capital loss or negative equity until January 1, 2023.

15.11.2023

Corporate Governance in Turkey 2023 - 3

The size of the board of directors is determined by the company's articles of association or the general assembly. There are no minimum or maximum seat requirements. Vacancies on the board can be filled by appointment of the board or approval of the general assembly. There are no specific criteria for directors, but at least one board member must be a woman in listed companies. Disclosure requirements regarding board composition exist. The CEO and board chair positions can be held by the same person, but their duties must be clearly distinguished. Mandatory board committees include an audit committee, corporate governance committee, risk committee, nomination committee, and price committee. Companies must hold regular board meetings, but no minimum number is required. Board practices, evaluations, and remuneration must be disclosed. Remuneration of directors and senior management is determined by the company and disclosed publicly. Shareholders have a vote on remuneration, and companies may provide directors' liability insurance. The corporate charter and by-laws are publicly available. Companies must disclose information regularly and engage with shareholders during general assembly meetings. Disclosure of corporate social responsibility and CEO pay ratio is required.

06.06.2023

Corporate Governance in Turkey 2023 - 2

Controlling shareholders in Turkish law do not have specific duties to the company or non-controlling shareholders, but they must exercise their rights in good faith. Special provisions exist for minority shareholders, and the dominant company cannot cause financial loss to its subsidiary without compensation. Shareholders' liability is generally limited to their subscribed capital, except for limited liability companies' government debts. Employees have no specific duty in corporate governance unless assigned as commercial representatives. Share transfer restrictions are allowed under certain circumstances. New shares require shareholder approval, and pre-emptive rights exist. Compulsory share repurchases are allowed in exceptional cases. Share transfer restrictions are prohibited for public companies. Directors owe legal duties to the company, shareholders, and creditors, and enforcement actions can be brought against them. Directors must act with care and in compliance with good faith.

05.06.2023

Corporate Governance in Turkey 2023 - 1

Corporate governance in Turkey is governed by the Turkish Commercial Code (TCC) and other related laws, such as Law No. 6335 and the Capital Markets Law. Listed companies are required to comply with mandatory corporate governance principles, with some exceptions for certain corporations. The Ministry of Trade enforces these provisions, and disputes are resolved in commercial courts. Shareholder rights are protected, allowing them to appoint or remove directors, request extraordinary general assemblies, and demand information.

31.05.2023
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