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The effort and time spent on bankruptcy proceedings are greater than the effort and time spent on execution proceedings.

Amendments have been made to Law No. 2004 on Enforcement And Bankruptcy ("İİK") and some other Laws with Law No. 7343 "Law On The Amendment Of The Enforcement And Bankruptcy Law And Some Other Laws" published in the Official Gazette on November 30, 2021 and entered into force on the same date.

On 27 January 2023, the Draft Law, which includes provisions regarding the restructuring of various public receivables, including customs receivables, was submitted to the Turkish Parliament...

Crypto Assets, referred as 'Crypto Currencies' in practice, are encrypted, decentralized articles of exchange.

A limited liability company may incur damages due to the violation of legal obligations by the founders, directors, board members, and liquidators.

In Turkey, setting up a company is a well-known and straightforward procedure whilst liquidation of a company is a long and complicated procedure with challenges.

The suspension of judicial terms due to COVID-19, which was set to expire on 30 April 2020, has been extended until 15 June 2020 (for further details

In order to recover a joint-stock company's loss indicated in such company's balance sheet or to return some of the capital of the joint-stock company to its shareholders through new shares, companies may opt to decrease their share capital.

31 Ekim 2023 tarihli ve 32355 sayılı Resmi Gazete'de yayınlanan "6102 Sayılı Türk Ticaret Kanununun 376 ncı Maddesinin Uygulanmasına İlişkin Usul ve Esaslar Hakkında Tebliğde Değişiklik Yapılmasına Dair Tebliğ" ...

The board of directors stands out as a body that undertakes the management and representation duties of a joint stock corporation and is endowed with the power that can affect the interests of the corporation as well as its related parties.

According to Article 45 of the Enforcement and Bankruptcy Law ("EBL"), if a creditor has a security interest in a borrower or third party's assets...

At the top of a tree perched Master Crow; In his beak he was holding a cheese.

Important regulations have been made by Law No. 7155 on "The Procedure for Initiating Proceedings based on Monetary Receivables Arising from Subscription Agreements", which entered into force ...

Our legal system provides, under article 939/1 of the Turkish Civil Code that pledges over movable properties may be established by transfer of actual possession of the movables.

Against this background, any strategy for debt collection for foreign creditors should assess the enforcement track according to the nature of the claim, the assessment of recoverability, the debtor’s options to object to the payment or enforcement order, mandatory mediation and the litigation stage in resolving an objection, collection through attachment and electronic sale, and, for foreign creditors, the security deposit and collection following enforcement of a foreign judgment should all be assessed together.

Our monthly law bulletin contains practical information for companies, amendments in our legislation, current case law and sectoral regulations.

The Law Amending the Code of Execution and Bankruptcy and Certain Laws numbered 7101 has been published in the Official Gazette dated 15 March 2018 and numbered 30361.