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ARTICLE · 26 MAY 2020

Postponement And Structuring Of Certain Receivables Through The Law No. 7244

Significant amendments have been introduced regarding certain receivables through the Law No. 7244 on the Mitigation of the Impacts of the Novel Coronavirus (COVID-19)

TurkeyGovernment, Public Sector

Significant amendments have been introduced regarding certain receivables through the Law No. 7244 on the Mitigation of the Impacts of the Novel Coronavirus (COVID-19) Outbreak on Economic and Social Life and on the Amendment of Certain Laws ("Law") which entered into force through publication in the Official Gazette dated 17.04.2020 and numbered 31102.

Pursuant to Article 1 of the Law, certain payments to be made within the scope of numerous laws such as the Forestry Law, the National Parks Law, the State Procurement Law, the Law on Agriculture Sales Cooperatives and Associations, the Law on Higher Education Student Loans and Dormitories are postponed for a period of three months up to one year. Relevant Ministers are entitled to extend such periods with additional three months. On the other hand, the Ministry of Environment and Urbanization has been authorized to postpone contractual payments for the treasury immovables and adequate pays for a period of three

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