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Commercial Law12.02.2024

Information on New Commercial Code Regulations

Information on New Commercial Code Regulations

With the recent amendments published in the Official Gazette, significant innovations concerning corporate law have been implemented in the Turkish Commercial Code (TCC). These changes aim to place commercial life on a more transparent, reliable, and sustainable ground.

Major Changes

The new regulations foresee modernization in the establishment, operation, and auditing mechanisms of joint-stock and limited liability companies in particular. The integration of digitalization processes into the legal infrastructure has been accelerated, and procedures for holding general assembly meetings electronically have been facilitated.

Impact on Companies

The areas of responsibility of company boards of directors have been redefined, and the importance of compliance with corporate governance principles has increased. In this context, company articles of association need to be harmonized with the new legislation. Our expert team provides comprehensive consultancy services to our clients during this process, ensuring a smooth transition.

You can contact our office for detailed information and legal support.