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Yacht Construction Contracts: Core Elements and Their Evolution During the Project
In a superyacht project, the contract that directs the construction is as critical as the technical design itself. As the project...
BudakLegal


Türkiye’s New Role in Global Superyacht Building
Superyacht building is not only a matter of engineering or design excellence; it is the result of combining trade, finance, law,...
BudakLegal


Balancing Interests in Superyacht Construction Contracts
Superyacht construction contracts are far more than formalities drafted to record an agreement. They are frameworks designed to...
BudakLegal


Registration of Bearer Share Certificates in Türkiye
In joint-stock companies under Turkish Commercial Code numbered 6102 (“TCC”), share certificates can be issued as in two types, which are...
BudakLegal


Digitalization in Signature Declaration Processes under Turkish Commercial Code
Introduction Article 40 of Turkish Commercial Code numbered 6102 (“TCC”), which regulates the signature registries of real person...
BudakLegal


Website Requirement for Companies
Which companies are obliged to open a website under Turkish Law? According to the Article 1524 of Turkish Commercial Code, the companies...
BudakLegal


Distribution Channel Contracts For Manufacturers
Under Turkish Law, there are several types of agreements creating distribution channels or networks for manufacturers. The basic and...
BudakLegal


Equalization Claim
The Turkish Commercial Code that entered into force in 2012 includes an article regarding the equalization claim (portfolio compensation)...
BudakLegal


Ultimate Beneficial Owner Declaration
The Communiqué sets out the requirement for an annual declaration of ultimate beneficial ownership to be submitted to the tax office as well
BudakLegal


Commercial Activities during Liquidation Proceedings
Liquidation of the company is required to be registered in competent trade registry. As from commence of liquidation, authorities of the...
BudakLegal


Personal Liabilities of the Shareholders (Limited Liability Company - Ltd)
Liability for Public Debts Shareholders are not personally liable for the debts of corporate company under Turkish Law. Shareholders’...
BudakLegal
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