Most Turkish family owned companies have the necessary data but they do not have the means and resources to compile it for a due diligence in a short period of time. Imagine a family company that has been managed by the founding family for decades. In Turkey this is a more than...

The initial bid you are expected to make for the term sheet will have to depend on the data provided by the sell side company and it will most probably be based on the historic financials of the company which have been prepared in accordance...

An organization's board of directors plays an important role in the oversight and implementation of controls to mitigate the risk of fraud and misconduct. The board, together with management, is responsible for setting the "tone at the top” ...

Most of the foreign companies operating in Turkey have technical insolvency issues as they establish their companies with the minimum capital required by the Turkish Commercial Code No. 6102 ("TCC”) which is TL 10.000 for the limited liability...

Fraud and corruption are major problems in Turkey while awareness gradually increases. Fraud continues to cost Turkish companies significantly and severely damaging or destroying reputations.