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ARTICLE · 29 NOVEMBER 2021

Financial And Operational Restructuring

Ahmet Yum Law Firm
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In the Istanbul Approach, which is the first study on restructuring in our country and based on the London Approach, with the "Financial Restructuring Program"...

TurkeyInsolvency/Bankruptcy/Re-Structuring
Ahmet Yum
Ahmet Yum
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THE CONCEPT OF RESTRUCTURING

Restructuring is defined as the work to review the organizational structure of an enterprise according to the scientific management principles, correct the aspects that are defective and/or missing, and restore it to a form aiming at the goals and operating in the most efficient way under existing conditions1.

Corporate restructuring, on the other hand, refers to radical changes in the financial structure, management, ownership, or commercial portfolio of a company in terms of shareholders and creditors of the company to increase its value. The desired result to be achieved with corporate restructuring is the restructuring of the companies that are able to continue to exist, on the other hand, the liquidation of the companies that are unable to continue to exist, the strengthening of the financial sector, the provision of the necessary conditions for long-term economic growth.2

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