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ARTICLE · 09 OCTOBER 2019

Monthly Bulletins February, 2019

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

TurkeyFinance and Banking

I. Announcements

Structuring of Consumer Loans with Maturity up to 60 Months

With the provisional article added to the Regulation on Banks' Credit Transactions, before 10.02.2019 delayed collection of principal and / or interest payments debt balances of overdue loans, In the case of demand by the borrower, it can be restructured to be limited to a maximum of 60 months.

II. Legislative Amendments

The Law Amending the Criminal Procedure Code and Certain Laws was published in the Official Gazette to enter into force on the date of its publication. With the amendment to the Bankruptcy and Enforcement Law, under the Law of Bankruptcy and Enforcement, 40 thousand Turkish Liras in the appellate appeals against the final decisions given by Regional Courts of Justice of law, increased to 58 thousand 800 Turkish Liras.

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