{"id":61635,"date":"2023-12-04T11:22:56","date_gmt":"2023-12-04T02:22:56","guid":{"rendered":"https:\/\/monolith.law\/tr\/?p=61635"},"modified":"2024-03-15T23:26:53","modified_gmt":"2024-03-15T14:26:53","slug":"investment-law-drag-along-right","status":"publish","type":"post","link":"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right","title":{"rendered":"Venture Yat\u0131r\u0131m S\u00f6zle\u015fmelerindeki 'Drag Along Right' Maddesi"},"content":{"rendered":"\n<p>\u00d6zellikle giri\u015fim \u015firketlerinin yat\u0131r\u0131m ald\u0131\u011f\u0131 durumlarda, yat\u0131r\u0131m s\u00f6zle\u015fmesinin i\u00e7eri\u011fi olarak Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131) hakk\u0131nda h\u00fck\u00fcmler belirlenebilir. Drag Along Right hakk\u0131nda, ba\u015ftan ba\u015flayarak, yat\u0131r\u0131m s\u00f6zle\u015fmesinin i\u00e7eri\u011fi olarak Drag Along Right hakk\u0131nda h\u00fck\u00fcmler belirlenip belirlenmeyece\u011fi, belirlenirse hangi i\u00e7eri\u011fin olmas\u0131 gerekti\u011fi gibi konular\u0131n incelenmesi gereken bir\u00e7ok konu bulunmaktad\u0131r. Bu nedenle, bu makalede, yat\u0131r\u0131m s\u00f6zle\u015fmesindeki Drag Along Right hakk\u0131nda a\u00e7\u0131klama yapaca\u011f\u0131z.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract[ja]<\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Drag_Along_Right_Surukleme_Hakki_Nedir\" title=\"Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131) Nedir?\">Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131) Nedir?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Drag_Along_Right%E2%80%99in_Amaci\" title=\"Drag Along Right&#8217;\u0131n Amac\u0131\">Drag Along Right&#8217;\u0131n Amac\u0131<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Azinlik_Hissedarlara_Hisse_Satisini_Zorunlu_Kilmak\" title=\"Az\u0131nl\u0131k Hissedarlara Hisse Sat\u0131\u015f\u0131n\u0131 Zorunlu K\u0131lmak\">Az\u0131nl\u0131k Hissedarlara Hisse Sat\u0131\u015f\u0131n\u0131 Zorunlu K\u0131lmak<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#1_Hakkinda\" title=\"1. Hakk\u0131nda\">1. Hakk\u0131nda<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#2_ve_3_Hakkinda\" title=\"2. ve 3. Hakk\u0131nda\">2. ve 3. Hakk\u0131nda<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Yonetim_Kadrosuna_Hisse_Satisini_Zorunlu_Kilmak\" title=\"Y\u00f6netim Kadrosuna Hisse Sat\u0131\u015f\u0131n\u0131 Zorunlu K\u0131lmak\">Y\u00f6netim Kadrosuna Hisse Sat\u0131\u015f\u0131n\u0131 Zorunlu K\u0131lmak<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Drag_Along_Right%E2%80%99in_Uygulanabilmesi_Icin_Gerekli_Sartlar\" title=\"Drag Along Right&#8217;\u0131n Uygulanabilmesi \u0130\u00e7in Gerekli \u015eartlar\">Drag Along Right&#8217;\u0131n Uygulanabilmesi \u0130\u00e7in Gerekli \u015eartlar<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Azinlik_hissedarlara_hisse_satisini_zorlastirma_amaciyla_uygulama_sartlari\" title=\"Az\u0131nl\u0131k hissedarlara hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rma amac\u0131yla uygulama \u015fartlar\u0131\">Az\u0131nl\u0131k hissedarlara hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rma amac\u0131yla uygulama \u015fartlar\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Yonetim_kuruluna_hisse_satisini_zorlastirma_amaciyla_uygulama_sartlari\" title=\"Y\u00f6netim kuruluna hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rma amac\u0131yla uygulama \u015fartlar\u0131\">Y\u00f6netim kuruluna hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rma amac\u0131yla uygulama \u015fartlar\u0131<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Drag_Along_Right%E2%80%99in_Hedef_Seciminde_Dikkat_Edilmesi_Gerekenler\" title=\"Drag Along Right&#8217;\u0131n Hedef Se\u00e7iminde Dikkat Edilmesi Gerekenler\">Drag Along Right&#8217;\u0131n Hedef Se\u00e7iminde Dikkat Edilmesi Gerekenler<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Azinlik_hissedarlarina_hisse_satisini_zorunlu_kilmak_amaciyla_belirlenen_hedefler\" title=\"Az\u0131nl\u0131k hissedarlar\u0131na hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedefler\">Az\u0131nl\u0131k hissedarlar\u0131na hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedefler<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Yonetim_kadrosuna_hisse_satisini_zorunlu_kilmak_amaciyla_belirlenen_hedefler\" title=\"Y\u00f6netim kadrosuna hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedefler\">Y\u00f6netim kadrosuna hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedefler<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Drag_Along_Hakkinin_Kullanilmasi_Durumunda_Karsilik_Uzerine\" title=\"Drag Along Hakk\u0131n\u0131n Kullan\u0131lmas\u0131 Durumunda Kar\u015f\u0131l\u0131k \u00dczerine\">Drag Along Hakk\u0131n\u0131n Kullan\u0131lmas\u0131 Durumunda Kar\u015f\u0131l\u0131k \u00dczerine<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/monolith.law\/tr\/general-corporate\/investment-law-drag-along-right\/#Ozet\" title=\"\u00d6zet\">\u00d6zet<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Drag_Along_Right_Surukleme_Hakki_Nedir\"><\/span>Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131) Nedir?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2019\/10\/shutterstock_6584692-1024x625.jpg\" alt=\"\" class=\"wp-image-5460\" \/><figcaption class=\"wp-element-caption\">Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131), belirli \u015fartlar\u0131 kar\u015f\u0131lad\u0131\u011f\u0131nda, bir \u015firketin sat\u0131n al\u0131nmas\u0131 konusunda di\u011fer hissedarlara sat\u0131\u015fa kat\u0131lmalar\u0131 i\u00e7in zorlama hakk\u0131d\u0131r.<\/figcaption><\/figure>\n\n\n\n<p>Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131), &#8220;belirli ko\u015fullar\u0131 kar\u015f\u0131lad\u0131\u011f\u0131nda, yat\u0131r\u0131mc\u0131n\u0131n y\u00f6netim kadrosunu ve di\u011fer hissedarlar\u0131 da dahil ederek M&amp;A veya \u00e7\u0131k\u0131\u015f\u0131 zorlayabilece\u011fi hak&#8221; (Tetsuya Isozaki&#8217;nin &#8220;Giri\u015fimcilikte E\u015fitlik Finansman\u0131&#8221; kitab\u0131n\u0131n 139. sayfas\u0131) anlam\u0131na gelir. Drag Along Right, zorunlu sat\u0131\u015f, sat\u0131\u015f talep hakk\u0131, devir talep hakk\u0131 gibi isimlerle de an\u0131l\u0131r.<\/p>\n\n\n\n<p>\u00d6zellikle giri\u015fim sermayesi \u015firketlerinin giri\u015fimlere yapt\u0131\u011f\u0131 yat\u0131r\u0131mlar, genellikle bu giri\u015fimlerin gelecekte \u00e7\u0131k\u0131\u015f yapaca\u011f\u0131n\u0131 ve bu sayede sermaye geri d\u00f6n\u00fc\u015f\u00fc sa\u011flayaca\u011f\u0131n\u0131 umarak yap\u0131l\u0131r. Drag Along Right, giri\u015fim sermayesi ve benzeri yat\u0131r\u0131mc\u0131lar\u0131n \u00e7\u0131k\u0131\u015f\u0131 kolayla\u015ft\u0131rmak i\u00e7in talep etti\u011fi bir h\u00fck\u00fcm olarak belirlenir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Drag_Along_Right%E2%80%99in_Amaci\"><\/span>Drag Along Right&#8217;\u0131n Amac\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Drag Along Right&#8217;\u0131n ana amac\u0131 a\u015fa\u011f\u0131daki iki noktad\u0131r:<\/p>\n\n\n\n<ol>\n<li>Az\u0131nl\u0131k hissedarlara hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak<\/li>\n\n\n\n<li>Y\u00f6netim kadrosuna hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak<\/li>\n<\/ol>\n\n\n\n<p>Yukar\u0131daki 1 ve 2 numaral\u0131 ama\u00e7lardan da anla\u015f\u0131laca\u011f\u0131 gibi, Drag Along Right, giri\u015fim sermayesi gibi yat\u0131r\u0131mc\u0131lar\u0131n talebi \u00fczerine, yat\u0131r\u0131m s\u00f6zle\u015fmesinde belirlenen bir h\u00fck\u00fcmd\u00fcr. Drag Along Right sayesinde, giri\u015fim sermayesi ve benzeri yat\u0131r\u0131mc\u0131lar, az\u0131nl\u0131k hissedarlara ve y\u00f6netim kadrosuna hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131larak, yat\u0131r\u0131m yapt\u0131klar\u0131 giri\u015fim \u015firketinin M&amp;A ve Exit i\u015flemlerini ger\u00e7ekle\u015ftirir ve yat\u0131r\u0131m fonlar\u0131n\u0131 geri kazan\u0131r.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Azinlik_Hissedarlara_Hisse_Satisini_Zorunlu_Kilmak\"><\/span>Az\u0131nl\u0131k Hissedarlara Hisse Sat\u0131\u015f\u0131n\u0131 Zorunlu K\u0131lmak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A konusunda, genel olarak a\u015fa\u011f\u0131daki y\u00f6ntemler d\u00fc\u015f\u00fcn\u00fclebilir:<\/p>\n\n\n\n<ol>\n<li>Hisse devri<\/li>\n\n\n\n<li>\u015eirket yeniden yap\u0131land\u0131rma i\u015flemleri (hisse de\u011fi\u015fimi, hisse transferi, birle\u015fme vb.)<\/li>\n\n\n\n<li>\u0130\u015fletme devri (i\u015fletme devri, \u015firket b\u00f6l\u00fcnmesi vb.)<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Hakkinda\"><\/span>1. Hakk\u0131nda<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Hisse devri ile M&amp;A y\u00f6ntemi olarak, bir giri\u015fim \u015firketini sat\u0131n almay\u0131 planlayan ki\u015fi, s\u00f6z konusu giri\u015fim \u015firketinin t\u00fcm hisselerini sat\u0131n almay\u0131 d\u00fc\u015f\u00fcnebilir. Ancak, giri\u015fim \u015firketinin hissedarlar\u0131ndan bir k\u0131sm\u0131 hisse devrini reddederse, t\u00fcm hisselerin sat\u0131n al\u0131nmas\u0131 zorla\u015f\u0131r.<\/p>\n\n\n\n<p>Bu nedenle, \u00f6nceden yat\u0131r\u0131m s\u00f6zle\u015fmesinin i\u00e7eri\u011fi olarak, az\u0131nl\u0131k hissedarlara hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lan bir h\u00fck\u00fcm belirlemek d\u00fc\u015f\u00fcn\u00fclebilir.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_ve_3_Hakkinda\"><\/span>2. ve 3. Hakk\u0131nda<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>2. ve 3. y\u00f6ntemleri uygularken, genellikle, genel kurulun \u00f6zel karar\u0131 (genellikle, s\u00f6z konusu genel kurulda oy hakk\u0131n\u0131 kullanabilecek hissedarlar\u0131n \u00e7o\u011funlu\u011funun kat\u0131l\u0131m\u0131 ve kat\u0131lan bu hissedarlar\u0131n oy hakk\u0131n\u0131n 2\/3&#8217;\u00fcn\u00fcn onay\u0131 gereklidir) ile ger\u00e7ekle\u015ftirilebilir. Bu nedenle, t\u00fcm hisseleri sat\u0131n almay\u0131 i\u00e7eren 1. y\u00f6ntemden daha d\u00fc\u015f\u00fck bir uygulama engeli oldu\u011funu s\u00f6yleyebiliriz.<\/p>\n\n\n\n<p>Ancak, 2. ve 3. y\u00f6ntemleri uygularken, \u015firket hukukunda, muhalif hissedarlar\u0131 koruyan bir sistem (hisse al\u0131m talep hakk\u0131 vb.) belirlenmi\u015ftir. Bu \u015firket hukuku prosed\u00fcr\u00fcn\u00fc uygularken, zaman alabilece\u011fi ve maliyetli olabilece\u011fi d\u00fc\u015f\u00fcn\u00fclebilir. Bu nedenle, \u00f6nceden yat\u0131r\u0131m s\u00f6zle\u015fmesinin i\u00e7eri\u011fi olarak, az\u0131nl\u0131k hissedarlara hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lan bir h\u00fck\u00fcm belirlemek d\u00fc\u015f\u00fcn\u00fclebilir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yonetim_Kadrosuna_Hisse_Satisini_Zorunlu_Kilmak\"><\/span>Y\u00f6netim Kadrosuna Hisse Sat\u0131\u015f\u0131n\u0131 Zorunlu K\u0131lmak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Giri\u015fim sermayesi ve benzeri yat\u0131r\u0131mc\u0131lar, hisse senedi halka arz\u0131 (IPO) veya M&amp;A ger\u00e7ekle\u015ftirerek, sermaye kazanc\u0131 elde etmeyi ama\u00e7lar ve yat\u0131r\u0131m yaparlar. Bu nedenle, giri\u015fim sermayesi ve benzeri yat\u0131r\u0131mc\u0131lar, uygun bir zamanlamada IPO veya M&amp;A ger\u00e7ekle\u015ftirebilmek i\u00e7in, yat\u0131r\u0131m s\u00f6zle\u015fmesinin i\u00e7eri\u011fi olarak, y\u00f6netim kadrosuna hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lan bir h\u00fck\u00fcm belirlemeyi giri\u015fim \u015firketlerinden talep ederler.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Drag_Along_Right%E2%80%99in_Uygulanabilmesi_Icin_Gerekli_Sartlar\"><\/span>Drag Along Right&#8217;\u0131n Uygulanabilmesi \u0130\u00e7in Gerekli \u015eartlar<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2019\/10\/pixta_22369466_M-1024x684.jpg\" alt=\"\" class=\"wp-image-5461\" \/><figcaption class=\"wp-element-caption\">Drag Along Right&#8217;\u0131n uygulanabilmesi i\u00e7in hangi belirli \u015fartlar\u0131n kar\u015f\u0131lanmas\u0131 gerekiyor?<\/figcaption><\/figure>\n\n\n\n<p>Yukar\u0131da a\u00e7\u0131klad\u0131\u011f\u0131m\u0131z gibi, Drag Along Right belirli \u015fartlar kar\u015f\u0131land\u0131\u011f\u0131nda uygulanabilir. Drag Along Right yat\u0131r\u0131m s\u00f6zle\u015fmesinde belirtilmi\u015f olsa bile, belirli \u015fartlar kar\u015f\u0131lanmad\u0131\u011f\u0131nda uygulanamaz. Bu nedenle, bu &#8220;belirli \u015fartlar\u0131n&#8221; nas\u0131l belirlendi\u011fi \u00e7ok \u00f6nemlidir.<\/p>\n\n\n\n<p>Ve bu belirli \u015fartlar\u0131n nas\u0131l belirlenece\u011fi, Drag Along Right&#8217;\u0131n amac\u0131yla ili\u015fkili olarak de\u011ferlendirilmelidir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Azinlik_hissedarlara_hisse_satisini_zorlastirma_amaciyla_uygulama_sartlari\"><\/span>Az\u0131nl\u0131k hissedarlara hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rma amac\u0131yla uygulama \u015fartlar\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Drag Along Right&#8217;\u0131n amac\u0131, az\u0131nl\u0131k hissedarlara hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rmak ise, uygulanabilmesi i\u00e7in a\u015fa\u011f\u0131daki gibi \u015fartlar belirlenebilir:<\/p>\n\n\n\n<ol>\n<li>Drag Along Right&#8217;\u0131n uygulanmas\u0131 i\u00e7in, toplam hissedarlar\u0131n toplam oy hakk\u0131n\u0131n %\u25cb&#8217;\u00fcn\u00fcn \/ \u25cb&#8217;nin \u25cb&#8217;\u00fcn\u00fcn onay\u0131 olmal\u0131d\u0131r.<\/li>\n\n\n\n<li>Drag Along Right&#8217;\u0131n uygulanmas\u0131 i\u00e7in, \u00f6ncelikli hissedarlar\u0131n toplam oy hakk\u0131n\u0131n %\u25cb&#8217;\u00fcn\u00fcn \/ \u25cb&#8217;nin \u25cb&#8217;\u00fcn\u00fcn onay\u0131 olmal\u0131 ve ayr\u0131ca \u015firketin y\u00f6netim kurulunun onay\u0131 olmal\u0131d\u0131r.<\/li>\n<\/ol>\n\n\n\n<p>Yukar\u0131daki gibi \u015fartlarla, y\u00f6netim i\u00e7in b\u00fcy\u00fck bir risk beklenmez.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yonetim_kuruluna_hisse_satisini_zorlastirma_amaciyla_uygulama_sartlari\"><\/span>Y\u00f6netim kuruluna hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rma amac\u0131yla uygulama \u015fartlar\u0131<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Drag Along Right&#8217;\u0131n amac\u0131, y\u00f6netim kuruluna hisse sat\u0131\u015f\u0131n\u0131 zorla\u015ft\u0131rmak ise, yukar\u0131daki gibi \u015fartlarla, y\u00f6netim kurulu Drag Along Right&#8217;\u0131n uygulanmas\u0131na kar\u015f\u0131 \u00e7\u0131kt\u0131\u011f\u0131nda, Drag Along Right&#8217;\u0131n uygulanmas\u0131 zorla\u015f\u0131r. Bu nedenle, genellikle &#8220;\u00f6ncelikli hissedarlar\u0131n toplam oy hakk\u0131n\u0131n %\u25cb&#8217;\u00fcn\u00fcn onay\u0131 olmal\u0131d\u0131r&#8221; gibi bir \u015fart belirlenir. Ancak, bu t\u00fcr bir \u015fartla, hisse sat\u0131\u015f karar\u0131 giri\u015fim sermayesi vb. taraf\u0131ndan belirlenir ve y\u00f6netim kurulunun kar\u015f\u0131 \u00e7\u0131kmas\u0131 m\u00fcmk\u00fcn olabilir.<\/p>\n\n\n\n<p>Bu nedenle, giri\u015fim sermayesi vb. ve \u015firket aras\u0131nda, Drag Along Right&#8217;\u0131n uygulanma \u015fartlar\u0131 hakk\u0131nda, uygulama zaman\u0131 ve hisse sat\u0131\u015f fiyat\u0131n\u0131 uygulama \u015fartlar\u0131na dahil ederek, bir uzla\u015fma noktas\u0131 bulunmas\u0131 gerekmektedir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Drag_Along_Right%E2%80%99in_Hedef_Seciminde_Dikkat_Edilmesi_Gerekenler\"><\/span>Drag Along Right&#8217;\u0131n Hedef Se\u00e7iminde Dikkat Edilmesi Gerekenler<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yat\u0131r\u0131m s\u00f6zle\u015fmelerinde, Drag Along Right&#8217;\u0131 belirlerken, hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lacak hedeflerin ne kadar geni\u015f bir kapsamda olaca\u011f\u0131na dair, Drag Along Right&#8217;\u0131n amac\u0131yla ili\u015fkili olarak bir de\u011ferlendirme yapman\u0131z gerekmektedir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Azinlik_hissedarlarina_hisse_satisini_zorunlu_kilmak_amaciyla_belirlenen_hedefler\"><\/span>Az\u0131nl\u0131k hissedarlar\u0131na hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedefler<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Drag Along Right&#8217;\u0131n amac\u0131, az\u0131nl\u0131k hissedarlar\u0131na hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak ise, hisse sat\u0131\u015f\u0131na kar\u015f\u0131 \u00e7\u0131kabilecek t\u00fcm hissedarlar\u0131, hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lan hedefler olarak belirlemeniz gerekmektedir. Ancak, hissedar say\u0131s\u0131 \u00e7ok fazla oldu\u011funda, t\u00fcm hissedarlarla yat\u0131r\u0131m s\u00f6zle\u015fmesi yapmak, \u00f6nemli miktarda zaman ve maliyet gerektirebilir.<\/p>\n\n\n\n<p>Bu nedenle, yat\u0131r\u0131m s\u00f6zle\u015fmesi \u015feklinde de\u011fil, Drag Along Right&#8217;\u0131n h\u00fck\u00fcmlerini ve sadece tasfiye h\u00fck\u00fcmlerini i\u00e7eren bir protokol veya anla\u015fma olu\u015fturarak, yat\u0131r\u0131m s\u00f6zle\u015fmesinden ayr\u0131 bir s\u00f6zle\u015fme yap\u0131lmas\u0131 durumu da s\u00f6z konusu olabilir.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/investment-contract-liquidation-provision\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/investment-contract-liquidation-provision[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yonetim_kadrosuna_hisse_satisini_zorunlu_kilmak_amaciyla_belirlenen_hedefler\"><\/span>Y\u00f6netim kadrosuna hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedefler<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Drag Along Right&#8217;\u0131n amac\u0131, y\u00f6netim kadrosuna hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak ise, az\u0131nl\u0131k hissedarlar\u0131na hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedeflerden farkl\u0131 olarak, sadece belirli bir y\u00f6netim kadrosunu hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lan hedef olarak belirlemek yeterli olacakt\u0131r. Bu nedenle, y\u00f6netim kadrosu hedef oldu\u011funda, az\u0131nl\u0131k hissedarlar\u0131na hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lmak amac\u0131yla belirlenen hedeflerden farkl\u0131 olarak, bir protokol veya anla\u015fma yapmadan Drag Along Right&#8217;\u0131 yat\u0131r\u0131m s\u00f6zle\u015fmesinin i\u00e7eri\u011fi olarak belirlemek yeterli olacakt\u0131r.<\/p>\n\n\n\n<p>Ancak, pratikte, yukar\u0131daki iki ama\u00e7 s\u0131kl\u0131kla bir arada bulunur, bu t\u00fcr durumlarda, t\u00fcm hissedarlar\u0131 hisse sat\u0131\u015f\u0131n\u0131 zorunlu k\u0131lan hedef olarak belirlemeniz gerekmektedir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Drag_Along_Hakkinin_Kullanilmasi_Durumunda_Karsilik_Uzerine\"><\/span>Drag Along Hakk\u0131n\u0131n Kullan\u0131lmas\u0131 Durumunda Kar\u015f\u0131l\u0131k \u00dczerine<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Drag Along hakk\u0131n\u0131n kullan\u0131lmas\u0131 durumunda kar\u015f\u0131l\u0131k hakk\u0131nda, adi hisse senetleri ve tercihli hisse senetleri aras\u0131nda fark olu\u015fturma gereklili\u011fi gibi konular\u0131 g\u00f6zden ge\u00e7irmeli ve uygun bir \u015fekilde d\u00fczenlemelisiniz.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ozet\"><\/span>\u00d6zet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yukar\u0131da, yat\u0131r\u0131m s\u00f6zle\u015fmelerindeki Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131) hakk\u0131nda a\u00e7\u0131klamalar yapt\u0131k. Drag Along Right, yat\u0131r\u0131lan sermayeyi geri kazanmay\u0131 hedefleyen giri\u015fim sermayesi gibi yat\u0131r\u0131mc\u0131lar taraf\u0131ndan \u00f6nemli bir madde olarak g\u00f6r\u00fcl\u00fcr, bu nedenle belirlenmesi durumunda, i\u00e7eri\u011fi hakk\u0131nda dikkatlice d\u00fc\u015f\u00fcn\u00fclmesi gerekmektedir. Drag Along Right hakk\u0131nda uzman bilgisi gerektirdi\u011fi i\u00e7in, bir avukat\u0131n yat\u0131r\u0131m s\u00f6zle\u015fmesi gibi belgeleri haz\u0131rlamas\u0131n\u0131 veya bir avukat\u0131n tavsiyesini alman\u0131n uygun olaca\u011f\u0131 s\u00f6ylenebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00d6zellikle giri\u015fim \u015firketlerinin yat\u0131r\u0131m ald\u0131\u011f\u0131 durumlarda, yat\u0131r\u0131m s\u00f6zle\u015fmesinin i\u00e7eri\u011fi olarak Drag Along Right (S\u00fcr\u00fckleme Hakk\u0131) hakk\u0131nda h\u00fck\u00fcmler belirlenebilir. Drag Along Right hakk\u0131nda, ba\u015ftan b [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":63810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,27],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts\/61635"}],"collection":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/comments?post=61635"}],"version-history":[{"count":3,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts\/61635\/revisions"}],"predecessor-version":[{"id":63811,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/posts\/61635\/revisions\/63811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/media\/63810"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/media?parent=61635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/categories?post=61635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/tr\/wp-json\/wp\/v2\/tags?post=61635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}