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Annulment of General Assembly Resolutions in Joint Stock Companies

Annulment of General Assembly Resolutions in Joint Stock Companies

    The general assembly in joint stock companies is one of the most important corporate bodies through which shareholders express their will regarding the management of the company and fundamental corporate decisions. Resolutions adopted by the general assembly may have significant consequences for the company’s activities, board of directors, profit distribution, capital transactions, and shareholders’ rights.   However, not every general assembly resolution is necessarily lawful. General assembly resolutions of a joint stock company that are adopted in violation of the law, the company’s articles of association, or the principle of good faith may be annulled by a court if the conditions prescribed by law are met.   Therefore, questions such as “How can a general assembly resolution of a joint stock company be annulled?”, “How long is the limitation period for filing an action against a general assembly resolution?”, “Who can request the annulment of a general assembly resolution?” and “Which general assembly resolutions can be annulled?” are of particular importance, especially for shareholders, the board of directors, and members of the board of directors.   In this art..

What Is a Penalty Clause in Construction Contracts? Delay, Disputes, and Legal Remedies

What Is a Penalty Clause in Construction Contracts? Delay, Disputes, and Legal Remedies

Ceza maddesi, taraflardan birinin sözleşmede belirtilen yükümlülüklerini yerine getirmemesi durumunda ödemeyi kabul ettiği önceden belirlenmiş bir tazminat miktarıdır. İnşaat sözleşmelerinde genellikle işin zamanında teslim edilmemesi veya inşaatın sözleşmesi şartlarına aykırı olarak yapılma durumlarında uygulanır...