Welcome to Berkil Law.
Welcome to Berkil Law.
An innovative corporate and commercial law firm established in Istanbul, Türkiye.
An innovative corporate and commercial law firm established in Istanbul, Türkiye.
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The Principles on Companies Whose Shares Will Be Traded in the Venture Capital Market (II-16.3) ("Communiqué") has been published in the Official Gazette dated May 18th, 2023, and numbered 32194 and entered into force.
The Principles on Companies Whose Shares Will Be Traded in the Venture Capital Market (II-16.3) ("Communiqué") has been published in the Official Gazette dated May 18th, 2023, and numbered 32194 and entered into force.
The Communiqué determines the procedures and principles regarding the issuance of shares of non-public companies to be traded in the Venture Capital Market ("VCM") to be established in Borsa Istanbul without a public offering. For further information, please follow the link.
The CMB Decision, numbered i-SPK-128.21 dated March 30, 2023, brings about significant modifications to the sales methods and distribution principles to be used in IPOs.
The CMB Decision, numbered i-SPK-128.21 dated March 30, 2023, brings about significant modifications to the sales methods and distribution principles to be used in IPOs.
The Capital Markets Board has made important changes to to the sale methods and distribution principles for initial public offerings (IPOs) in order to safeguard the interests of investors. This decision, numbered i-SPK-128.21 dated March 30, 2023, can be found in the Board bulletin.
The Draft Communique on the Principles whose Shares will be Traded on the Venture Capital Market is made public on September 20, 2022.
The aim of the proposal is to offer an alternative route to going public that would facilitate investment by venture capital terms. The draft communique outlines the necessary steps to be taken prior to listing on the market, eligibility requirements for companies, post-listing obligations, liabilities, and exemptions. The draft communique can be accessed through the provided link. For further details, you may contact us.
The CMB Resolution, numbered 9/177 dated February 14, 2023, aims to strengthen investor protection for public companies through new principles on buy back.
The Capital Markets Board (CMB) has issued a resolution, numbered 9/177 dated February 14, 2023, to make it easier for public companies and their affiliates to buy back shares and to ensure that investors are protected. This resolution replaces and cancels the CMB's previous announcements and resolutions on share buybacks, which were made on July 21 and 25, 2016, June 23, 2022 (numbered 34/959), and August 21, 2015 (numbered 21/1023). This Resolution can be found in the Board bulletin.
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