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

Sıtkı Anlam Altay
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Sıtkı Anlam Altay: Assoc. Prof. Dr., Department of Commercial Law, Galatasaray University, Turkey.

European Journal of Social Sciences Articles, 2019, vol. 2

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.

Keywords: Joint stock corporation; representation; distinction between management and representation; internal regulations; delegation of representation authority. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eur:ejssjr:63

DOI: 10.26417/ejss.v2i3.p58-66

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