Clifford Chance

Shedding new light on Turkey's Capital Markets Law

3 March 2014

The Turkish Capital Markets Board recently issued several communiqués which provide further insight regarding the implementation of the new Capital Markets Law. These include changes to corporate governance principles, share buybacks, mergers and spin-offs, de-listing, exit rights, registered capital and material transactions. While some of the previous rules have been retained, new concepts (Special purpose acquisition company, exit rights, share buyback) have been introduced to attract foreign investors and expand Turkey’s capital markets.

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