The factoring is used to mean “the provision of financing by acquiring and then collecting the assets which are already appeared or are expected to be appeared on behalf of the assignor”, deriving from the Latin word, “factor” as including “an action on behalf of another person or activity”.

A foreign creditor has the right to start a lawsuit or an enforcement action against a debtor in Turkey even if there is no reciprocal agreement between Turkey and the creditor’s own jurisdiction.