Article 390 of the Turkish Commercial Code: Resolutions of Board of Directors

Article 390 of the Turkish Commercial Code No. 6102 regulates the meeting and decision-making processes of the board of directors, unless the articles of association of a company provides otherwise. According to the article, the members of the board of directors shall convene with the majority of the members and shall take resolutions with the […]

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The rent increase rate for workplaces in February 2024 has been announced.

Upon the announcement of the CPI data by TURKSTAT, the rent increase rate for workplaces in February 2024 has been determined as 54.72%. On the other hand, as per the Provisional Article 1 of the Turkish Code of Obligations No. 6098, the rent increase limit of 25% for residential places shall continue to be applied

The rent increase rate for workplaces in February 2024 has been announced. Read More »

Bank liability amount for bounced checks has been determined as TRY 9,270 for each check leaf as of 31.01.2024.

According to the “Communiqué on Amendment to the Communiqué on Printing Method of Checkbooks and Determination of Amounts Banks are Obligated to Pay to the Bearer” published by the Central Bank of the Republic of Türkiye in the Official Gazette dated 27.01.2024 and numbered 32442, the liability amount that the drawee banks are obligated to

Bank liability amount for bounced checks has been determined as TRY 9,270 for each check leaf as of 31.01.2024. Read More »

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