The dissolution of limited company by valid reason

Article 636/III of the Turkish Commercial Code No. 6102 regulates that in limited liability companies, each partner has the right to request the termination of the partnership from the court in the presence of valid reasons. The regulation further states that instead of deciding on the termination of the company, the court may order the payment of the plaintiff partner's share at its true value and the removal of the plaintiff from the partnership, or it may impose an appropriate and acceptable alternative solution. In this study, the concept of valid reason under this provision, which is one of the termination cases of a limited liability company, is explained, and the circumstances that constitute valid reasons requiring the termination of a limited liability company are examined. Additionally, the study focuses on alternative solutions that the court may decide within the framework of its discretion when valid reasons exist, and in the event that termination is decided as a last resort, it discusses the consequences of this situation and the procedural aspects of the litigation.