20 Kasım 2024
NEWS & ANNOUNCEMENTS
Advantages of Capital-In-Kind Method in Terms of Real Estate Investment
Pursuant to Article 127 of the Turkish Commercial Code No. 6102 (“TCC”), any type of immovable property may be contributed as capital.
NEWS & ANNOUNCEMENTS
Inheritance Rights of Non-Turkish Citizens on Properties Located in Turkey
In cases where the legator and the inheritors are non-Turkish citizens, it is first necessary to determine which country's law shall be applicable for the transition of the inheritable properties located in Turkey (“Heritage”) to the inheritors. Within this framework, pursuant to Article 20 of the International Private and Civil Procedure Law numbered 5718, Turkish law shall apply for the transition of immovable properties and for the transition of movable properties, the national law of the deceased/legator shall apply.