Strategic Partnerships in Turkish Commercial Markets
Foreign enterprises frequently enter the Turkish market through Joint Venture (JV) partnerships with established local business entities.
1. Equity JV vs. Contractual Consortium
- Equity Joint Venture: Incorporating a new co-owned Turkish company (Ltd. Şti. or A.Ş.) with formal shareholder agreements.
- Contractual Consortium (İş Ortaklığı): Partnering for specific public or private tenders without creating a separate legal entity.
2. Key Shareholder Agreement Provisions
Drafting supermajority voting rights, deadlock resolution mechanisms, drag-along/tag-along clauses, and non-compete covenants.
