Turkey: Listing Rules & Flotation

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Article
Final Countdown For Privatization of Electricity Distribution Facilities
Perhaps the most challenging privatization project is due by the end of this year, as the privatization of electricity distribution facilities in 2005 is among Turkey’s undertakings to the IMF. Although a privatization in the electricity market was foreseen in the Electricity Market Law introduced in February 2001 (“EML”), the Government had some significant constraints to overcome. With unpleasant experiences in cancelled privatizations, the Government has been taking very cautious steps in ord
Turkey Finance
HB
Herguner Bilgen Ucer Attorney Partnership
Article
Memorandum Regarding Mergers of Joint Stock Companies
Joint stock companies, under the Turkish Commercial Code (TCC), may either merge and operate as a new joint stock company or may acquire one or more other joint stock company or companies and merge all such acquired companies under a single existing joint stock company. In addition to the TCC, provisions of communiqués issued and effectuated by the Capital Markets Board (CMB) provide further criteria for mergers and acquisitions of public joint stock companies (PJSC).
Turkey Strategy
PP
Pekin & Pekin
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