ERDEM-NEWSLETTER-2018-metin

9 COMMERCIAL LAW declaration and transfer of the possession of the certificates. (Turkish Civil Code Article 955/1). As the rights of ownership with respect to assets fall within the scope of a pledge, the enlightening and protective rights are beyond the scope of a pledge. The company can only accept its own shares as a pledge under Article 379 of the TCC, on condition that the acquisition does not exceed 10% of the company’s capital.