Turkey: Shareholders

The transfer of shares in a license-holding company operating in the natural gas market is not merely a corporate law transaction to be completed under the Turkish Commercial Code. Prior approval from the Energy Market Regulatory Authority may be required where, among other matters, direct or indirect share acquisitions cross above or below specified thresholds or privileges or usufruct rights are created.

The Turkish Competition Board (“Board”) issued its decision concerning the final notification for the transfer of the operating right for pilotage services in the Ambarlı Regional Service Area (“Ambarlı”) through a tender process (“Decision”) .

12. Yargı Paketi 31 Temmuz 2026 tarihli ve 33326 sayılı Resmî Gazete’de yayımlanmıştır. 7589 sayılı Kanun ile İcra ve İflas Kanunu’nun 114. maddesinde yapılan değişiklik ile birlikte miras kalan taşınmazların ortaklığın giderilmesi davası yoluyla satışında mirasçıları üçüncü kişilerle aynı anda yarışan taraflar olmaktan çıkararak onlara taşınmazı öncelikle kendi aralarında satın alma imkânı tanımıştır.

One of the principal reasons for preferring limited liability companies is the separation between the assets of the company and those of its shareholders, and the fact that, as a rule, shareholders are not personally liable for the company’s debts. Indeed, pursuant to Article 602 of Turkish Commercial Code No. 6102 (the “TCC”), a limited liability company is liable for its debts and obligations solely with its own assets.

It should also be noted that a PMC intending to engage in portfolio management and/or investment advisory activities must obtain a separate authorization certificate from the Board for such activities.

Turkey's Constitutional Court has struck down provisions requiring general assembly approval for expulsion lawsuits in two-partner limited companies, fundamentally altering how partnership disputes can be resolved when one partner systematically obstructs company operations. The ruling addresses a critical deadlock where the partner facing expulsion could block the very vote needed to initiate legal proceedings, effectively preventing judicial review of legitimate grievances.

Turkish corporate governance law establishes comprehensive frameworks for board structures, shareholder rights, and company management through the Turkish Commercial Code and Capital Markets Board regulations.

The clause of “application to the court for the expulsion of a shareholder for just cause” in Article 621 of Turkish Commercial Code Numbered 6102, has been removed by the Constitutional Court judgment dated...

Gündeme bağlılık ilkesi, Türk hukukunda Türk Ticaret Kanunu m.413’te genel kurul toplantıları için açıkça öngörülmüşken, yönetim kurulu toplantıları için Kanun’da bu yönde açık bir düzenleme bulunmamaktadır. Bu sebeple, yargı kararları arasında yönetim kurulu toplantılarında gündeme bağlılık ilkesinin esas alınıp alınmayacağı konusunda görüş farklılıkları ortaya çıkmıştır.