What is Corporate Law?

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Corporate law is a branch of law that covers the legal regulations related to the establishment, management, and activities of companies. Corporate law regulates the commercial transactions of companies and is used to solve legal problems that arise during these transactions. Corporate law covers many issues from the establishment of a company to the termination of its operations. These topics include:

 

• Types of companies: Corporate law provides information on how to set up a business, what type of company to choose, and the legal requirements for company types. Types of companies include sole proprietorships, joint stock companies, limited companies, and cooperatives.

• Governing bodies: The governing bodies of companies, ie bodies such as the board of directors, general assembly, and supervisory board, are among the main subjects of company law. These bodies play a role in the company's decision-making processes and ensure that the company operates in accordance with legal requirements.

• Capital: It also focuses on issues such as corporate law, the capital structure of companies, and increasing and decreasing capital. These issues affect the financial condition of the company and the rights of investors.

• Internal relations: It also deals with issues such as corporate law, relations between partners, rights, and obligations between shareholders.

• Transactions: Companies have to enter into various legal transactions when doing business with other companies or individuals. Corporate law provides information on how to conduct these transactions and the legal requirements of the transactions.

 

Corporate law is a branch of law that covers many issues from the establishment of a company to its termination. Corporate law ensures that a business operates in accordance with legal requirements and establishes the legal responsibilities of the company.

 

Corporate Law Specific to Commercial Law

 

Commercial law is a branch of law that covers the legal regulations related to the commercial activities of businesses. Corporate law is also a sub-branch of commercial law and includes legal regulations regarding the establishment, management, activities, and transactions of companies.

Commercial law determines the actions that must be taken in the establishment of a company. Registration in the trade registry is carried out according to the type of companies. In addition, the articles of association of companies, operating agreements, and all other documents should be prepared in accordance with commercial law. It is important to get legal support from a team of experts in such matters that affect the commercial life of the company.

Commercial law determines the powers and responsibilities of the governing bodies of companies. The boards of directors, general assemblies, and other organs of the companies work within the legal framework determined within the framework of commercial law. Corporate law also focuses on the decision-making processes of companies' governing bodies and ensures that these processes comply with legal requirements. For this reason, it is necessary to obtain legal support for the functioning of the board of directors, general assembly, and other organs.

Commercial law also regulates matters such as capital structures of companies, transfer of shares, mergers, and acquisitions. Company law ensures that companies' capital increases and decreases are made in accordance with legal requirements.

Commercial law also regulates business transactions that companies make with other companies and individuals. These transactions include sales agreements, lease agreements, franchising agreements, and license agreements. Commercial law provides a legal framework for the preparation, execution, and execution of these contracts.

Commercial and corporate law ensure that a business operates in accordance with legal requirements. In this context, the legal responsibilities and rights of enterprises are determined. In addition, legal transactions of companies are carried out within the legal framework and legal protection of the enterprise is ensured.

Since every transaction of companies will have a legal consequence, commercial risks can be minimized by obtaining continuous legal support.

 

Joint Stock Companies Law and Limited Companies

 

Joint stock and limited liability companies are considered more important than other companies because the legal structure of such companies provides a number of advantages to the owners. Joint stock and limited companies, which are preferred due to both these advantages and their operability in the market, have brought many regulations with them.

First of all, joint stock companies and limited liability companies operate on the principle of limited liability. This principle ensures that company owners bear a liability limited only to the amount of capital they have invested in the company. Therefore, the risk of the company incurring any financial obligations related to its debts or legal obligations is minimal. Thus, company owners can run their businesses without risking their personal assets due to the company's debts.

In addition, in our country, joint stock companies can also offer a large part of their capital to the public. This provides the opportunity to raise more capital and accelerates the growth of the company. Also, going public boosts the company's reputation and helps it gain the trust of investors.

Finally, joint stock and limited companies can create long-term business plans and goals. This is important for the sustainability and growth of the company. Also, these types of companies provide a legal framework within which they can legally manage their business. This minimizes the company's future risks and ensures its long-term success.

Due to all these factors, joint stock and limited companies are considered a more important and preferred business model compared to other types of companies. In addition to all this, the fact that joint stock companies are preferred more in the market has led to the emergence of a series of rules under the name of joint stock company law. For these reasons, and due to the place it has acquired in the general system, it is extremely important to work with corporate law lawyers in case of any dispute arising from company law. Because the solution to the problem in the dispute that will arise requires both technical knowledge and meticulous work.

It is extremely important to work with a company law lawyer who is an expert in the field, without the need for problems to arise. For this reason, it is often recommended that companies work with a lawyer to manage and resolve their legal issues. The presence of a lawyer can help companies anticipate and deal with legal problems they may face.

In addition to helping companies solve their legal problems, it is also possible to speed up business relations thanks to lawyers. For example, lawyers can ensure that the parties sign contractual terms that will protect their rights during the negotiation process, thus preventing future disputes. In addition, thanks to the legal consultancy services offered by lawyers, companies can recognize these risks in advance and take the necessary precautions when they encounter legal risks.

Lawyers can ensure that companies comply with legal regulations by auditing companies' transactions and evaluating their legality and risks. In this way, companies can take precautionary measures by identifying possible risks before they encounter legal problems. In other words, with the support of a lawyer, problems can be eliminated before they arise.

As a result, working with a lawyer helps companies effectively intervene and find solutions if they encounter legal problems. In addition, thanks to lawyers, commercial relations can be accelerated and legal risks can be determined in advance and measures can be taken. Therefore, it is recommended that commercial companies work with a lawyer. At this point, the recommendation turns into a necessity in some cases. Such that, in cases stipulated by the relevant laws -in cases where there is a capital of 250.000-TL or more in joint stock companies- it is legally obligatory to have a lawyer in the company. It is also extremely important for companies operating in the sector to comply with the necessary rules, as administrative fines will be incurred in case of non-compliance with this requirement.

 

In this direction, our team, which operates with its expert staff, provides services in the form of consultancy and follow-up of legal processes in all kinds of problems of the clients. At this point, the main services we have provided with our team are:

 

• Follow-up on all kinds of company establishment activities and activities,

• Providing consultancy services on issues that have arisen and/or may arise with commercial activities,

• Preparation of loan, distributorship, franchise, senior manager, dealership agreements, and other agreements,

• Preparation of public offering, merger and acquisition (M&A) agreements,

• Evaluation of existing contracts within the scope of all kinds of legislation and especially Competition Law,

• Following the concordat, bankruptcy, and liquidation processes of companies,

• Active participation in the negotiation processes in line with the general assembly meetings and the demands of the board of directors and supervisors of the responsibility of the management and manager, active follow-up of the special auditor, temporary administration and trustee appointment processes,

• Providing legal support for the protection of privileged rights,

• Monitoring and reporting activities of compliance processes with the capital market,

• Providing services in the form of consultancy and legal process follow-up at the point of disputes arising from banking and financial legislation,

• Following the processes in all kinds of disputes that may arise in administrative and criminal law, consumer disputes, unfair competition, and tax disputes,

• Providing consultancy services at the point of resolution of disputes that may arise during export and import activities and preparation of contracts regarding the processes before these activities,

• Active follow-up of company receivables and debts and follow-up of company receivables through execution channel,

• Recognition of foreign court decisions specific to company law, follow-up of processes in the field of enforcement, and providing consultancy services at the international level,

• Participating in legal processes by following all kinds of lawsuits and disputes that may arise from both trade and other legislation.