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ARTICLE · 10 NOVEMBER 2023

Assumption Of Debt Under The Turkish Code Of Obligations

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Within the scope of a debt relationship, it is possible for the person who will perform the obligation to change under certain conditions.

TurkeyFinance and Banking
Gözde Esen Sakar
Gözde Esen Sakar
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Introduction

Within the scope of a debt relationship, it is possible for the person who will perform the obligation to change under certain conditions. This is possible pursuant to the provisions on assumption of the obligation regulated under Articles 196-204 of the Turkish Code of Obligations ("TCO").

The law makes a dual distinction in this regard, and the assumption of the obligation can be made in two different ways: internal assumption of the obligation and external assumption of the obligation. Within the scope of this article, the concepts of internal assumption of debt and external assumption of debt and the difference of the concept of assumption of debt from the concept of assignment of claims will be analyzed.

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