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Liquidation in Turkey

The company will be terminated in accordance with the legal reasons for termination and the decision of the shareholders. The terminated company will then begin the liquidation process. This will be reflected in the trade registry directorate, and the company will be known as “in liquidation.” The purpose of liquidation is to sell the company’s […]

Basic Principles of Turkish Labor Law

Author: Mr. Gökhan Cindemir , Phd Candidate , Senior Partner Lawyer cindemir@cindemir.av.tr The main legal instrument of labor law is the labor contracts which govern the rules between the employee and the employer. According to Turkish law, labor contract must encompass three necessary elements. These elements can be mentioned under the titles of technique, economic […]