Parties to a commercial agreement usually reduce into writing
their mutual understanding and try to set forth penalties and other
clauses in deterrent nature, as much as they can, to protect their
best interest in dealing with the counterparty.
Sometimes, parties to a contract fail to live up with the
expectations of the other party in meeting their end of the bargain
and materially breach their obligations which inevitably lead to
commercial court proceedings initiated by the aggrieved party.
How does debt collection law work in Turkey?
With its Continental European legal system, Turkey is no
different from the other countries when it comes to the debt
collection process to compensate for the harm incurred by the
plaintiff. Due to the complexity of a foreign jurisdiction, foreign
entities and real persons are strongly advised to retain services
of lawyers who are familiar with procedures within Turkey to pursue
and collect the debt owed to them, due to the
