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ARTICLE · 20 MARCH 2019

Recent Developments Regarding Concordat

Erdem & Erdem Law
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Important regulations regarding the Concordat are made with the Regulation on Concordat Commissar and Board of Creditors, and The Regulation on the Documents to be Added to Concordat Request, ...

TurkeyCorporate/Commercial Law
Hande Pat
Hande Pat
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Introduction

Important regulations regarding the Concordat are made with the Regulation on Concordat Commissar and Board of Creditors1 ("Regulation on Concordat Commissar"), and The Regulation on the Documents to be Added to Concordat Request2 ("Regulation on Documents"), entered into force through publication in the Official Gazette dated 30.01.2019 and numbered 30671. The regulations stipulated by these regulations are addressed in this article.

Regulations Made Within the Scope of the Regulation on Concordat Commissar and Board of Creditors

Primary regulations stipulated with the Regulation on Concordat Commissar3 are the educational requirements of the commissar, liabilities of the commissar, disqualification of the commissar, forbidden operations for the commissar, principles of application to be a commissar, reasons for resigning from the commissariat, and the composition of the board of directors.

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