Rather than merely amending out-of-date provisions of the old Law (dating from 1950’s), the legislature decided to pass a completely new law for a modern and contemporary legal environment for the commercial business life in Turkey. Recent developments in Turkish economic laws such as candidacy and negotiation process with the EU; technological developments and the Internet; international markets and global trade; new economic laws affecting commercial business; developments in transportation; developments related to corporate compliance and other company matters and the reforms in the commercial codes in several European states. Therefore, the correct option is C.