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Restriction on the Authority to Represent in Turkish Joint Stock Companies Law

Author

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  • Sıtkı Anlam Altay

    (Assoc. Prof. Dr., Department of Commercial Law, Galatasaray University, Turkey.)

Abstract

Turkish Joint Stock Corporations Law is based upon Swiss Law. Turkish Commercial Code of 2012 reflects a pure reception of the rules regarding the representation of the company from Swiss Law. However in 2014, Turkish Law has confronted the enforcement of Art. 371/7 TCC, which enables restrictions on the representation authority in terms of the material and monetary scope of the transaction. This study aims to bring a critical view of this regulation and to introduce a draft for a well-directed regulation with respect to restrictions related to power of representation.

Suggested Citation

  • Sıtkı Anlam Altay, 2019. "Restriction on the Authority to Represent in Turkish Joint Stock Companies Law," European Journal of Social Sciences Articles, Revistia Research and Publishing, vol. 2, September.
    • Handle: RePEc:eur:ejssjr:70
    DOI: 10.26417/ejss.v2i3.p58-66
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    File URL: https://revistia.org/index.php/ejss/article/view/4517
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    References listed on IDEAS

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