New Rules re. Companies Subject to Independent Audit

This Legal Alert aims at providing you with an overview on recent Presidential Decision No. 6434 on Determination of Companies Subject to Independent Audit which was published in the Official Gazette numbered 32029 and dated November 30, 2022 (“New Decision”). Entering into force as of January 1, 2023, the New Decision has repealed the previous

Amendment on Capital Loss or Overindebtedness Calculations

The Communiqué on Making Amendments to the Communiqué on Principles and Procedures For Implementation of Article 376 of the Turkish Commercial Code numbered 6102 (the “Communiqué”) has been published in the Official Gazette dated 8 November 2022 and numbered 32007. Pursuant thereto, the date “1 January 2023” in the first paragraph of provisional Article 1

Electronic Signatures and Their Evidential Value

Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, services, technology and capital. As a result of the increased economic global interactions, international trade has grown. Simultaneously, the speed of life in every aspect such as communication, logistics and access to information

Announcement re. Legal Entity Identifier Code

A new announcement has recently been made on the official website of Capital Markets Board (“the Board”) re. Legal Entity Identifier (“LEI”) Code for issuers on February 18, 2022. According to the fourth paragraph of Article 87 of the Capital Market Law No. 6362 (“Law”), “ In order to increase efficiency in data storage, the

Legal Alert re. Issuance of Signature Declarations Abroad

This Legal Alert aims at providing you with an update on an amendment as introduced by the Communique amending the Communique on Signing the AoAs at Trade Registry Directorates, published in the Official Gazette numbered 31193 and dated July 22, 2020 (the “Communique”). Please note that this Legal Alert is intended for general information purposes