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COMMUNIQUÉ AMENDING THE COMMUNIQUÉ ON THE PROCEDURES AND PRINCIPLES REGARDING THE APPLICATION OF ARTICLE 376 OF THE TURKISH COMMERCIAL CODE NO. 6102 HAS BEEN PUBLISHED

In order to regulate the procedures and principles to be followed in cases of loss of capital or insolvency of joint stock companies, limited liability companies and limited partnership companies with capital divided into shares within the scope of Article 376 of the Turkish Commercial Code No. 6102 (Law), the Communiqué on the Procedures and Principles Regarding the Application of Article 376 of the Turkish Commercial Code No. 6102 (Communiqué) was first published in the Official Gazette dated 15/09/2018 and numbered 30536, and with the Provisional Article 1 of this Communiqué until 01/01/2023, Within the scope of Article 376 of the Law, it was stated that foreign exchange losses arising from foreign currency denominated liabilities that have not yet been fulfilled may not be taken into account in the calculations regarding capital loss or insolvency.

 

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Egemenoğlu; provide legal service specifically to its clients with its team of specialists who works 360 degree service principle, has academic and professional experience in their areas.

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