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ARTICLE · 18 SEPTEMBER 2020

Communiqué On Noteholders' Meeting Enacted!

Esin Attorney Partnership
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The draft communiqué prepared by the CMB was revised in accordance with the amendments to the Capital Markets Law No. 6362 ("CML") and the market actors' comments.

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
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We shared the draft Communiqué on Noteholders Meeting which the Capital Markets Board of Turkey ("CMB") made available for public in our Client Alert dated April 30, 2020.

The draft communiqué prepared by the CMB was revised in accordance with the amendments to the Capital Markets Law No. 6362 ("CML") and the market actors' comments. The new Communiqué on Noteholders Meeting ("Communiqué") entered into force upon its publication in the Official Gazette No. 31241 dated September 11, 2020.

The Communiqué introduces rules and procedures regarding the structure of the noteholders' meeting, the representative of the noteholders, the noteholders' meetings procedure, and the measures that can be taken in the event of the issuer's default.

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