On the Taxonomy of Provisions of the Turkish Commercial Code Provisions Regarding Minority Shareholder Protection

Res. Asst. Abdurrahman Kayıklık*

The protection of minority shareholders is one of the critical concerns of corporate law. This blog post examines how the Turkish Commercial Code (TCC) protects minority shareholders while paying special attention to close joint stock corporations with a controlling shareholder. To better understand the protective mechanisms of the TCC, it offers a novel taxonomy of the minority protection mechanisms in the Code based on a distinction between voice and exit rights, among others. The blog post also provides a critical analysis of the so-called positive-negative minority rights dichotomy entrenched in the Turkish corporate law literature.

For the full text of this blog post in Turkish, please click here.

* Koç Üniversitesi Law School, Department of Commercial Law