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06 January 2021

Client Alert

RESTRICTIONS HAVE ENDED: COMPANIES CAN NOW FREELY DISTRIBUTE DIVIDENDS :

The restrictions on companies’ distribution of their profits have been lifted as of 1 January 2021. In other words, it is now possible for companies to distribute their previous year's profits and free reserves and to authorize their board of directors to distribute advance profits.

Hande PAT, Yusuf Mansur ÖZER

TAGS

corporate, finance, railway, regulation, petroleum, e-commerce, istanbul, foreign awards, arbitration, energy, national markers, advance dividends, natural resources, letter of guarantee, interim dividends

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