Did you know that in total 357 angel investors have been accredited since 2013 in Turkey? It is a fact that the enterprises at their start up stages encounter difficulties to access the financing they need and this is why they seek contributions of angel investors. A new system called Individual Participation System (IPA) to […]
Borsa İstanbul Private Market
Private market is a market that enables share purchase and sales between companies, qualified investors and angel investors without a public offer through a web platform (www.bistozelpazar.com). One of the main objectives of the Private Market is to support development of entrepreneruial ecosystem and investment environment. Transactions conducted in the Private Market are governed by the Turkish […]
Letter of Intent
Once start-ups seek investment, the first document they are confronted with is a letter of intent (“LoI”). [1] If negotiations go as planned, a share purchase agreement or share subscription agreement and a shareholder agreement are signed. The scope of this article will be limited to the Letter of Intent. Letter of intent can be […]
Disclosure Letter
Representation and warranties (“R&Ws”) constitute a large part of the share purchase agreements. R&Ws are given under several categories such as the material agreements of the company, employment, regulatory, loans and debts and litigation. Prior to the signing of the agreement each and every R&Ws must be reviewed and confirmed one by one. Otherwise, a […]