Draft Communiqué on Material Transactions and Exit Rights

Draft Communiqué on Material Transactions and Exit Rights

The Capital Markets Board (“CMB”) published its first draft secondary legislation in light of the amendments made to the Capital Markets Law with Law No. 7222, published in the Official Gazette on 25 February 2020. These amendments, which set forth important new rules concerning material transactions and exit rights, are detailed in the “Draft Communiqué on Material Transactions and Exit Rights numbered II-23.3” (“Draft Communiqué”).

For full copy of the alert, please click here.