Turkey Introduced Amendments To The Enforcement And Bankruptcy Code

The Law numbered 7343 on the Amendments to the Code of Enforcement and Bankruptcy and Certain Laws ("Amending Law") was published in the Official Gazette dated 30 November 2021 and numbered 31675, and entered into force on the same day.

Among other changes brought by the Amending Law to the Code of Enforcement and Bankruptcy, some of the most important ones are as follows:

• Pursuant to Article 87, the enforcement officer appraises the attached property except for the properties that are recorded with a registry. For the properties that are recorded with a registry, the appraisal will be made by the experts who are (i) listed at the regional council of experts and (ii) permitted by the Ministry of Justice.