In this short guide, we would like to provide brief tips
regarding the debt enforcement under Turkish laws. In this regard,
our guide is separated in the following main sections: i) Foreign
Creditor's Right to Sue and Initiate Enforcement Proceedings,
ii) Injunctive Relief and Provisional Attachment, iii) Filing a
Lawsuit, and iv) Enforcement Proceedings.
I. Foreign Creditor's Right to Sue and Initiate Enforcement
Proceedings:
A foreign creditor is entitled to file a lawsuit or initiate
enforcement proceedings under Turkish laws against a debtor located
in Turkey. Nevertheless, unless there is a reciprocal agreement
between Turkey and the creditor's country or the foreign
creditor has no assets in Turkey (i.e. real estate), pursuant to
the Turkish Conflict of Laws Rules, a foreign creditor may have to
provide a security to the court to guarantee the court expenses and
damages which may arise in case the creditor fails to prove its
case. The amount of such security
