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Majority of companies in Turkey are family owned companies as their equivalents around the world. It is predicted that over 70 % of companies are family owned companies in the world. Family owned companies differ from other companies by their policies and

LPG market is regulated under the Law of Liquefied Petroelum Gases (LPG) Market Law and Amending Law to Electricty Market Law, Law No: 5307 (“Law”) in Turkey. Accordingly, it is obligatory to obtain a license in order to carry out distribution, transp

In an increasingly globalized world where the consumer habits manifest changes almost on a daily basis the payment mechanisms have to keep abreast with such rapid developments. A world where the conventional methods of payment based on physical exchange o

In an increasingly globalized world where the consumer habits manifest changes almost on a daily basis the payment mechanisms have to keep abreast with such rapid developments. A world where the conventional methods of payment based on physical exchange o

Tax Liability in Joint Stock Companies As is known, administration and representation of joint stock companies are carried out by board of directors of the company. Members of board of directors can be elected by general assembly of the company from among

According to the New Regulation on Undertaking of Liabilities by the Undersecretariat of Treasury (“Regulation”), which has entered into force on 19.04.2014, the Treasury may provide guaranty