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Businesses nowadays need restructuring in which economy becomes global to create new values, to be efficient in world market and to reach strategic priorities in business life. Being restructured provides some advantages such as the increase of the company’s value, reorganization of the structure and management of the company and the increase of competition advantage. The importance of union, division and type alteration has increased to advance competition strength of Turkish companies both in domestic market and foreign market. There were some insufficiencies in legal regulations of union, division and type alteration in Turkey for many years. In this context, the draft was completed in 2005, was passed in parliament in 2011 and with Law No: 6102 it came into force in July, 2012. The purpose of this chapter is by presenting the modifications of union, division and type alteration after Law No: 6102 Turkish Commercial Code, revealing the innovations brought in Commercial Life/ Business Life. With these legislative regulations made in Turkey the improvement of commercial relationships with Macedonia and Balkan States is expected.

The Effect of Regulations Related to the Modifications of Union, Division and Type Alteration in Turkish Commercial Law to Business Life