Turkey: Insolvency/Bankruptcy

Another duty of capital markets law is to protect small investors, who have limited access to information and decision-making power. Although the will of investors holding high nominal values may mathematically prevail in votes within the BASK, the legislation has provided for strict quorums and oversight mechanisms to ensure that this will does not completely nullify minority rights.

This article examines the legal mechanism of precautionary attachment in Turkish enforcement law, focusing on a critical exception that allows creditors to seek precautionary attachment...

İşverenin iflası durumunda işçilik alacaklarının nasıl korunduğu, iflas masasına kayıt süreci, imtiyazlı alacak statüsü ve Ücret Garanti Fonu mekanizması detaylı olarak incelenmektedir. İcra ve İflas Kanunu ile İş Kanunu çerçevesinde işçilerin haklarının belirlenmesi ve tahsil süreçleri ele alınmaktadır.

Under the Turkish enforcement and bankruptcy system, the satisfaction of the creditor is not limited to the debtor's assets in its possession; it also extends to the debtor's rights and receivables held by third parties.

Türk icra ve iflas hukuku sisteminde, alacaklının tatmini yalnızca borçlunun elindeki malvarlığı ile sınırlı olmayıp, borçlunun üçüncü kişilerdeki hak ve alacaklarını da kapsamaktadır.

Based on consistent legal practice over the past several years, investors do, in many cases, have a legitimate right to recover funds from developers. This is largely due to deficiencies in the contractual documentation used in many real estate transactions.

A promissory note is a negotiable instrument that is subject to specific formal requirements and governing rules...

Bununla birlikte CİK Taslağı yer yer borçlunun yer yer alacaklının menfaatlerini gözeterek mevcut düzenlemeleri esnetmiştir.

The Draft CEL refrains from introducing a radical reform such as completely abolishing this type of proceeding. Instead, it seeks to streamline the proceedings itself and the primary and ancillary legal mechanisms associated with it.