Legal Framework
From The Report: Turkey 2012
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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.

Articles from this Chapter

Overview

Modernising corporate law: An up-to-date legal code will make for a healthier economy
OBG
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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 investments in Turkey has drastically increased over the last few decades. The changing nature of investments has made the old…

Overview

Change for the better: An overview of the current legal landscape
OBG
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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 major improvements to the existing legal framework in recent years. The year 2012 will see some of the most important of these newly enacted laws…

Viewpoint

Ümit Hergüner, Managing Partner, Hergüner Bilgen Özeke, on the new Turkish Commercial Code (TCC) and the liability of board members and management in Turkish corporate governance
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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 of duties among corporate management teams and align liability as exactly as possible with responsibility. This will be accomplished through two major…