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The Scope of Application of Turkish Groups of Companies Law Provisions
(Mef Üniversitesi, 2022) Özcanlı, Beril Fatma
The new Turkish Commercial Code (TCC) has introduced the notion of groups of companies, however it does not entail anyprovisions with regards to the scope of application of the provisions. After the enactment of the TCC, a new Trade RegistryRegulation (TRR) was adopted. Article 105 TRR stipulated the scope of application with regards to the groups of company lawprovisions of the TCC. According to that, at least three commercial companies, one of which is a controlling and two of whichare dependent companies, are required for the formation of a group of companies. In cases where the controlling entity is anenterprise, the number of dependent companies must exceed two, i.e. the existence of at least three dependent companiesare required. However according to Art. 195/4 TCC companies that are directly or indirectly affiliated with the controllingcompany form the group of companies together with it. This paper is trying to examine the relationship between these twoprovisions from the hierarchy of norms perspective. Within this regard, also provisions of the German Stock Corporation Act(AktG- Aktiengesetz) and their scope of application is considered, as the provisions of the AktG regarding the corporate groupsare a fundamental source for the Turkish legislation.