Limited liability in Turkish law


Eroglu M.

EUROPEAN BUSINESS ORGANIZATION LAW REVIEW, cilt.9, ss.237-265, 2008 (SSCI İndekslerine Giren Dergi) identifier identifier

  • Cilt numarası: 9 Konu: 2
  • Basım Tarihi: 2008
  • Doi Numarası: 10.1017/s1566752908002371
  • Dergi Adı: EUROPEAN BUSINESS ORGANIZATION LAW REVIEW
  • Sayfa Sayısı: ss.237-265

Özet

This article examines the general characteristics of limited liability principles and exemptions to limited liability introducedfor creditor protection in Turkish Law. In thefirst 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 liabiliry 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.