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In order for this obligation to be fulfilled, these companies shall be
established as either a joint stock or a limited liability companies. The
free transfer of shares that are stipulated by the Turkish Commercial
Code for these types of companies are restricted in the electricity mar-
ket field, a market where public service is conveyed, in order to ensure
administrative supervision. It is important for investors that will be
active in the electricity market to consider the legal restrictions set
forth in this article while planning the investments regarding credit
supply and project finance in order for their investments to be well-
grounded and durable.
ENERGY LAW
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