August 30th
Happy Victory Day!
NEWS & ANNOUNCEMENTS
Agio as a Tool for Startup Financing in Türkiye: Efficiency and Legal Risks
Article 347 of the Turkish Commercial Code (“TCC”) explicitly prohibits the issuance of shares below their nominal value, thereby serving the principles of capital maintenance and protection.
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.
