Employees (private company acquisitions) Q&A: Turkey
Turkish Law has adopted the principle of “complete succession” with regard to share transfers. In this regard, the new shareholder of the company will gain all the benefits the former shareholder enjoyed by virtue of their shares and will also be liable for any debts arising from the same…
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This article was first published in the PLC “Employees (private company acquisitions) Q&A: Turkey 2020” and is reproduced with the permission of the publisher, Thomson Reuters.