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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..

How Can Foreigners Establish a Company in Türkiye? 2026 Updated Guide

How Can Foreigners Establish a Company in Türkiye? 2026 Updated Guide

  The number of foreigners seeking to invest in Türkiye, conduct commercial activities, or establish a business is increasing every day. Under Turkish law, foreign individuals and legal entities are generally permitted to establish companies in Türkiye, and the company formation process is largely similar to the system applicable to Turkish citizens. However, additional matters must be considered when foreigners establish a company in Türkiye, including passports, tax identification numbers, documents relating to foreign shareholders, apostille and notarization procedures, and, where a foreign shareholder will actively work in Türkiye, work permit requirements. For this reason, before establishing a company, foreign investors should assess not only the type of company they intend to establish but also the required incorporation documents, capital structure, work permit requirements, residence status, and post-incorporation obligations as a whole.   In this article, we address the most frequently asked questions regarding company formation by foreigners in Türkiye, including how foreigners can establish a company in Türkiye, which documents are required for a company with foreign..

Removal and Withdrawal of Shareholders in a Limited Liability Company

Removal and Withdrawal of Shareholders in a Limited Liability Company

Under Turkish law, the withdrawal or removal of a shareholder from a limited liability company does not occur merely because there is a dispute between the shareholders. For both procedures, the applicable statutory provisions, the articles of association, general assembly resolutions, and, where necessary, court proceedings must be taken into consideration. Therefore, it should not be assumed that a shareholder can withdraw from the company or be removed simply by submitting a resignation letter, adopting a shareholders’ resolution, or sending a notarized notice. For the transaction to be legally valid, it is important to determine the procedure appropriate to the circumstances of the case, examine the applicable decision-making quorums, calculate the separation payment (squeeze-out/withdrawal compensation), and properly complete the relevant trade registry procedures. This article explains the ways in which a shareholder of a limited liability company may withdraw from the company, the circumstances under which a shareholder may be removed, actions for withdrawal for just cause, legal remedies against a removal decision, and matters concerning the separation p..

Commercial Law

Commercial Law

Uzunpınar & Tüfek International Law Firm provides strategic legal consultancy in the field of commercial law to ensure that companies and investors conduct their commercial activities in a secure sustainable and legally compliant manner From commercial contracts to corporate structuring and the resolution of commercial disputes we deliver result oriented solutions that protect our clients commercial interests at every stage We stand by your side to minimize legal risks in your commercial relationships and to establish a strong legal foundation..

Corporate Law

Corporate Law

  Corporate law goes far beyond company formation — it covers every stage from incorporation to liquidation...