The New Turkish Code of Commerce : Rules regarding the corporations in a nutshell

Turkish Code of Commerce (TCC)  is a distinguished Code, which reflects the tendency of Turkish lawmaker to harmonize its own legal system with modern Law. The enforcement of TCC will set
out a legislation, which may propose dynamic mechanisms in line with international law and economics.

The Turkish business atmosphere is surrounded by the urgency of TCC. Accordingly, the new Code necessitates the companies
to adapt reform regarding the structure and the transactions of the enterprise. Companies
effectuating this reform will enjoy many opportunities engendered by the new TCC in
order to become more competitive by using the international business language. It is an accepted
fact, that willing companies will acquire great efficiencies from this permanent adaptation of corporate governance rules.


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