Turkey has had an un-interrupted commercial law tradition
since the 1920s.
According to the EBRD assessments, Turkish laws are advanced
in a number of areas, including corporate governance, which was further
strengthened when the new Commercial Code entered into force in July 2012. In
other areas, the system would benefit from upgrading and modernising in order
to fully support market activities.
Through its Legal Transition Programme, the
EBRD helps create an investor-friendly, transparent and predictable legal
environment in transition countries.
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