Limited Liability in Turkish Law

29 Pages Posted: 13 Jul 2008 Last revised: 22 Jan 2009

See all articles by Muzaffer Eroglu

Muzaffer Eroglu

Kocaeli University - Faculty of Law

Date Written: June 1, 2008

Abstract

This article examines the general characteristics of limited liability principles and exemptions to limited liability introduced for creditor protection in Turkish Law. In the first section, it examines the general application of limited liability in the Turkish Commercial Code. In the second section, it examines the exemptions to limited liability introduced by case law and statutory laws. This work concentrates on recent developments that might attract interest at international level by broadening the discussion in the area of limited liability. Thus, this article does not cover every exemption. The chosen examples introduce fundamental and controversial exemptions to the limited liability principle. The third section of the article examines the future of limited liability in Turkish law by examining the Draft Commercial Reform Bill. As the Draft Bill introduces some exemptions to limited liability in corporate groups, the issue is examined in detail as a special concern.

Keywords: Turkey, limited liability, Turkish Commercial Code, groups of companies

JEL Classification: K22

Suggested Citation

Eroglu, Muzaffer, Limited Liability in Turkish Law (June 1, 2008). European Business Organization Law Review, Vol. 9, No. 2, 2008, Available at SSRN: https://ssrn.com/abstract=1158420

Muzaffer Eroglu (Contact Author)

Kocaeli University - Faculty of Law ( email )

Umuttepe Kampus
Hukuk Fakultesi
Istanbul, lstanbul
Turkey

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
175
Abstract Views
1,044
Rank
309,447
PlumX Metrics