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Clifford Chance

Clifford Chance


Coronavirus Updates - Turkey: Dividend Distributions

21 April 2020

A new omnibus bill (the Omnibus Bill) was published in the Official Gazette on April 17, 2020, with the aim of reducing the impact of the Covid-19 pandemic on economic and social life.

In an effort to preserve equity of companies, the Omnibus Bill adds a provisional article to the Turkish Commercial Code, which restricts dividend distributions for 2019 fiscal year.  

Clifford Chance works in cooperation with Yegin Ciftci Attorney Partnership on Turkish law matters.

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