10 Kasım 2024
HABERLER & YAYINLAR
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.
HABERLER & YAYINLAR
Independent and Perpetual Construction Right
The construction right among the limited real rights is regulated between Articles 726, 826 and the rest of Turkish Civil Code, granting holder the authority to construct or maintain a structure either above or below someone else's land and the ownership of that structure. If the construction right is independent and perpetual, it is recorded as "immovable" on a separate page in the land registry upon request of the right holder.
