Corona Outbreak: New Limits on Dividend Distribution in Turkey
As per the Law on Mitigating the Effects of the New Coronavirus (Covid-19) Outbreak on Economic and Social Life and the Law Amending Certain Laws published in the Official Gazette numbered 31102 on April 17, 2020; a new provisional article was added to Turkish Commercial Code numbered 6102 (“TCC”) highlighting the economic impacts of Covid-19 on the company resources.