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Legal Developments worldwide

Individual or Corporate Lending Contracts

September 2008 - Corporate & Commercial. Legal Developments by ADMD Law Office .

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Apart from loan contracts designated for financial entities, Articles 306 – 312 of the Turkish Code of Obligations (TCO) define money lending contracts (individual loan contracts). Although seemingly unpopular, the contract type for money lending becomes center of attention for shareholder and inter-company loans since that is their only legal ground when inspected thoroughly.

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