Legal Glossary

The general assembly is the organ in joint-stock and limited liability companies through which the shareholders exercise their rights regarding the company’s affairs and take the fundamental decisions left to it by law. In the Turkish Commercial Code (TTK), it is regulated in Article 407 for the joint-stock company and in Article 616 et seq. for the limited liability company. Powers such as amending the articles of association, electing the management organ and granting it release (ibra), and approving the financial statements belong to the general assembly and cannot be transferred.

Generative artificial intelligence refers to artificial intelligence systems that, through models trained on large datasets, produce new text, images, audio, video or software code in response to a user’s request. There is no statutory definition of this concept in Turkish legislation. The European Union Artificial Intelligence Regulation does not provide a separate definition either; it regards large generative models as a typical example of general-purpose AI models and provides for the marking of artificially generated content.