THE TIME LOSS OCCURS IN CIVIL LIABILITY ARISING FROM DISCLOSURE DOCUMENTS IN TURKISH AND U.S.A. LAW

In this work where the loss as an element of civil law liability arising from disclosure documents is examined, it is considered when the loss occurs exactly to be proved by investor plaintiffs in case of actions for damages based on Article 32 of the Capital Market Law. Pursuant to this article, after the transactions based on the disclosure of documents containing incorrect, misleading and missing information and the following corrective disclosure, an investor can compensate any loss in his property arising from his reverse transaction. In this work, in accordance with the difference theory accepted in Turkish law, the loss to be compensated here is argued to be the decrease in his property when an investor makes the reverse transaction after the corrective disclosure