Mesajı Okuyun
Old 10-03-2008, 06:41   #1
Konuk Adil Khan

 
Varsayılan Buying a property in Turkey

We represent a European Private Equity fund which wished to purchase listed (ie protected) property in Istanbul. The property has only one deed but has multiple shareholders. The majority shareholder wishes to sell but the minority is hesitating. Assuming they cannot be convinced, what is the legal protection the minority has? Can we force a sale? How would we do this and how long would it take? Are there legal firms working to international standards in Istanbul who are experienced/expert in this area of law?

Finally, once our client does buy the property, can they vacate the premises of the tenants forcibly if necessary (ie eviction). What is the usual notice period/redemption charge (ie compensation) required in such cases?

Sorry for the long question! We're having real difficulty getting a straight answer.