Corporate Law
Penalty Clauses in Turkish Commercial Contracts: What Articles 179 to 182 of the Code of Obligations Provide, Why a Merchant Cannot Ask the Court to Reduce the Figure, Where the Only Remaining Limit Lies, How the Clause Interacts with Interest, Employment and Liability Caps, and How to Draft It
Penalty clauses in Turkey: Articles 179 to 182 of the Code of Obligations, why a merchant cannot have a penalty reduced, and how to draft the clause.










