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Conclusion
TCC Art. 202/1 brings a new dimension to liability law and foresees
the indemnification of a dependent company for the acts and transactions
conducted by the dependent company upon the instruction of the
controlling company. The suit for damages may be filed where there is
a loss incurred by dependent company and where such loss has not been
compensated within the period prescribed by the law. The lawsuit is filed
by the shareholder of the dependent company and the respondent is the
controlling company or its board members who caused the loss. TCC
Art. 202/1 is an important provision since it regulates the liability of the
controlling company within the framework of group companies.