Preparation of legal advice for the release of payments due if payment to MSMEs is not made within 45 days. For the second part of the question, I practised as a lawyer in a part of the world where the business and legal environment is changing rapidly. I know that the legal profession requires knowledge and experience, but I also understand that we need to react quickly to new technologies and adopt them, and I am extremely confident that our firm will overcome all the challenges we face as humanity. Therefore, I sincerely see that in three years, ASC Law continues to be one of the most successful law firms in Turkey and is experiencing great success in the legal field. At ASC, we strive to help you with all legal matters so that you can navigate smoothly throughout your business trip without worrying about the legal complications that might be on your way to growth and prosperity. At ASC, we are ready to meet all your legal needs with a team of respected lawyers and in-house experts who have expertise in specific areas of the legal profession. Yes in any case. Of course, we welcome now common tools such as social media, which accelerate our communication. However, there is much more to it than that, a concrete example: it provides automated systems between us and our clients that essentially eliminate the physical barrier between in-house legal departments and our office. We can perform file transfer, monitor progress and check performance counters, sharing the same interface which is extremely useful, especially for large companies. 4.4 The direct voting system applies to all resolutions of the Annual General Meeting, with the exception of the election of the Board of Directors: Even if a shareholder has made written notice and the Board of Directors is elected with the cumulative voting system, the other items on the agenda of the Annual General Meeting are subject to the direct voting system. Thus, in the responsible general meeting, the cumulative voting system and the pure voting system would be applied together, the cumulative system being limited to the election of the members of the board of directors. “Okan Beygo and Ela Sari are extraordinary lawyers.
They are always available and very well able to find innovative solutions. They are both enterprising lawyers and understand the needs and priorities of clients. 3.1 When electing the members of the Management Board, “cumulative voting” is an alternative to direct voting, in which the voting power of minority shareholders is expanded: the voting rights system is accepted by TCC in relation to all resolutions of the Annual General Meeting and depends on the principle that a shareholder`s voting rights are proportional to their shares in the Company`s share capital. Thus, the rule in the direct voting system is that each shareholder can vote on any matter with his voting power, which is proportional and limited to the amount of his shares. Similarly, direct voting at the Annual General Meeting, where members of the Board of Directors are elected, allows shareholders to vote separately for each candidate in proportion to their share quantities. Therefore, each candidate is elected individually; and in accordance with the majority rule, the candidate elected by the majority shareholder is elected as a member of the board of directors. Whereas in the cumulative voting system, voting rights are obtained by multiplying the number of shares of a shareholder and the number of candidate members. The shareholder may use his votes for only one candidate or distribute the votes among several members.
Thus, the voting rights of the shareholders are calculated cumulatively so that they can distribute them to the candidates at will. For this reason, unlike the pure voting system, in which each member of the board of directors is selected individually, under the cumulative voting system, there is only one vote for the election of all board members. As a result, the candidates of the members of the board of directors are ranked from the highest number of votes at least voted, and from this order, the number of available seats on the board is filled. We recently appointed a non-legal CEO with a background in technology and management to effectively manage the digital transformation process. Over the past two decades, we have successfully transformed our office into a dynamic and competitive structure. The final challenge now is to use technology in every possible aspect. We want to make sure that we and our clients are not lagging behind in monitoring and adapting to change. Our goal is to professionally shape digital transformation and ensure that we combine our legal experience with the must-haves of the new world. The country`s labour laws provide sufficient protection for the labour force to prevent its exploitation by employers by providing for minimum rights in different categories. Important labour-intensive laws on eligibility and labour payments concern pension funds, tips, pensions, maternity benefits, ESI, minimum wage, etc. Employers are required by law to implement these laws in their workplace and, if they are not complied with, there are provisions for sanctions and imprisonment. Employers must comply with labour laws as part of good corporate governance.
Trade unions very often surprise employers and need legal and moral support on how to reconcile interests with trade unions for a harmonious working relationship and a favourable working culture. “The team is always available and very well able to find innovative solutions. They are enterprising lawyers who understand clients` needs and priorities. The team and partners are very familiar with the sector and maintain good relations with state institutions. The laws provide for the status of separate legal entities for companies and PLLs. These legal entities are the backbone of the economy and almost all major activities related to manufacturing and services are carried out under their name. These companies can take out loans in their own name and are subject to different tax laws in the country. Such laws facilitate the business of the developers who set up these companies and also give project developers the freedom to liquidate their businesses at will.