The impact of a merger or acquisition on employment relationships could differ according to the character of the transaction. 4857 (the "Labor Law"), if a workplace is acquired by a third get together, all the employment workplace agreements shall be transferred to the new owner; in different phrases, employees are automatically transferred to the brand new proprietor.

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4857 (the "Labor Law"), if a workplace is acquired by a 3rd celebration, all of the employment office agreements might be transferred to the new owner; in other words, employees are routinely transferred to the new owner. The impact of a merger or acquisition on employment relationships might differ based on the nature of the transaction. In addition, if a target firm is publicly held, the supply to purchase such target company’s shares must be made in Turkish Lira. According to the Labor Law No.

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