Commercial Law Archives

Commercial LawCancellation of General Assembly and Board of Directors Decisions in Companies

Cancellation of Company Decisions: Guidelines for Filing Lawsuits Against General Assembly and Board of Directors Decisions In joint stock and limited liability companies, important decisions that shape the future of the company are taken by bodies such as the general assembly and the board of directors. While the general assembly is the highest decision-making body...

Commercial LawProtection of Trademark Right and Importance of Trademark Registration

Importance of Trademark Registration: How to Protect Your Business Identity and Value? In today’s competitive market conditions, one of the most valuable assets of a business is its identity in the minds of consumers, namely its brand. A brand is much more than a name, logo, slogan or shape that represents intangible values such as...

Commercial LawAgency Agreement and Rights of the Agent (Equalisation Compensation)

What is an Agency Agreement? The Agent’s Right to Equalisation Compensation when the Contract is Terminated Agents, who are indispensable actors of commercial life, play a key role in bringing products and services to the market by intermediating commercial transactions in a certain geographical area on behalf of and on account of a principal (producer,...

Commercial LawWhat is an Invoice? Invoice Objection Period and Procedure

Invoice Objection Guide: Don’t Miss the 8-Day Deadline! What Are Your Legal Rights? Invoice is one of the most basic and frequently used documents of commercial life. According to the Tax Procedure Law, it is a commercial document issued by the merchant who sells the goods or does the work in order to show the...

Commercial LawEvidential Nature of Commercial Books and Retention Obligation

Evidential Nature of Commercial Books: How can they be used in your favour or against you in court? Every merchant is obliged to keep certain books (journal, general ledger, inventory book, etc.) in relation to their commercial activities. These books are an important source of evidence not only in terms of tax law, but also...

Commercial Law Competition LawWhat is Unfair Competition and What are the Legal Remedies?

What is Unfair Competition? Legal remedies that can be applied under the TCC Competition, which is the cornerstone of a free market economy, has the potential to provide consumers with better quality products at more affordable prices, while at the same time creating a driving force for businesses to improve themselves. However, this competition must...

Commercial Law Enforcement and Bankruptcy LawWhat are the Legal Differences Between Cheque and Bill?

5 Key Legal Differences Between Cheque and Promissory Note: Secure Your Receivables Cheques and bills (popularly known as promissory notes) are among the most frequently used payment and collateral instruments in commercial life. Both of them are “negotiable instruments” regulated under the Turkish Commercial Code (TCC) and are documents subject to certain formal requirements, the...

Commercial LawWhat is Compulsory Mediation in Commercial Cases?

Compulsory Mediation in Commercial Cases: What You Need to Know Before Filing a Lawsuit “Mandatory mediation”, which entered the Turkish legal system in 2019 and revolutionised the resolution of commercial disputes, is an alternative dispute resolution method that must be applied before going to court in commercial cases related to receivables and compensation claims, the...

Commercial LawWhat are the Company Types? Main Differences Between Limited and Joint Stock Company

Strategic Guide to Company Formation: Limited Liability Company (LTD) or Joint Stock Company (JSC)? Comprehensive Comparison One of the most fundamental and strategic decisions to be made when starting a business venture is what the legal structure of the business will be. The Turkish Commercial Code (TCC) provides entrepreneurs with various types of companies for...

Commercial Law Consumer Law Information Technology LawE-Commerce Law: Distance Sales Contracts and Consumer Rights

E-Commerce Law Comprehensive Guide: Distance Contracts, Right of Withdrawal and Seller’s Obligations E-commerce has become one of the locomotives of today’s economy. However, this rapid growth has brought with it a series of legal regulations and responsibilities for both consumers and sellers. In Turkey, e-commerce activities are mainly regulated by the Law No. 6502 on...

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