Turkey Legal Framework

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At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy. 

The Turkish economy has emerged from the world’s most recent financial troubles relatively unscathed. That, coupled with its image as a star performer among emerging markets, has made the country a favourite destination for foreign capital. As a result of both this inflow of foreign capital and the accumulation and livening of domestic capital, the amount of large-scale...

In keeping with the country’s growing social needs and the breakneck pace of technological advances that the world has seen since the turn of the century, the need to amend and improve major codes in the law has become indispensable as of late. The government has been very active in trying to keep the legal environment current, and has introduced...

In corporate management, as in other aspects of life, the simplest way to promote responsible behaviour is to ensure accountability. The new TCC, in its overhaul of the commercial landscape, will initiate serious changes towards facilitating good corporate governance. It will introduce a legal regime that will require clarity in the assignment...

Chapter | Legal Framework from The Report: Turkey 2012

New and upcoming legal changes are making it easier to conduct business in Turkey, and OBG’s legal partner, Herguner Bilgen Ozeke, provides an in-depth overview of the recent reforms to corporate law. The chapter also contains an interview with Ümit Hergüner, the managing partner of Hergüner Bilgen Özeke.

Over the past decade, Turkey has experienced a number of important transitions that have led to demographic, economic and cultural transformation. These changes have made contemporary Turkey a regional focal point

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