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ARTICLE · 12 AUGUST 2021

New Development Regarding Unpaid Checks

Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
Explore more from Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)

On 28 July 2021, law numbered 7333 ("Law") which consists of amendments to certain laws was published in the Official Gazette.

TurkeyLitigation, Mediation & Arbitration
Ergin Mizrahi
Ergin Mizrahi
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On 28 July 2021, law numbered 7333 ("Law") which consists of amendments to certain laws was published in the Official Gazette. The Law includes a significant amendment on Check Law regarding the stay of execution of criminal sentences arising from unpaid checks.

As per the amendment to Temporary Article 5/ Paragraph 1 of the Check Law:

  • The execution of sentences related to unpaid check arising from crimes committed until 30 April 2021 will be stayed,
  • If the convict pays until 30 June 2022 one tenth of the amount remaining unpaid as of the effective date of the Law and the rest in 15 equal installments every 2 months starting from 30 June 2022, all consequences of the conviction will be expunged,

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