1 July 2012: The New Turkish Commercial Code comes into force.

The new Turkish Commercial Code, which was passed by the Turkish parliament on 13 January 2011 came into effect on 1 July 2012. The new code introduces major changes to Turkey’s corporate law system, especially to the corporate governance structures of limited liability and joint stock companies.
Further information; please see our Energy Regulatory Report April – May – June 2012 for further information regarding the new Turkish Commercial Code.