Liability of Board Members in Joint Stock Companies
The Turkish Commercial Code ties directors’ liability to fault and to the principle of differentiated joint liability. We look at when, to whom and for how long a board member can be held liable.
Read our lawyers on legislative changes, court decisions and the legal questions that come up most often in everyday life and business.
The Turkish Commercial Code ties directors’ liability to fault and to the principle of differentiated joint liability. We look at when, to whom and for how long a board member can be held liable.
Articles of association are often filled in from a template. Yet share transfers, quorums and shareholder exit, if not structured properly from day one, can turn into hard-to-solve disputes years later.
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