Mondaq All Regions - Turkey: Insolvency/Bankruptcy/Re-structuring
Akdogan Uslas Attorneys at Law
Few would deny that "security" is a key term in business. Whatever activity a company carries out, there is always a risk that its debtors do not or cannot fulfill their payment obligations, which may trigger an "event of default".
Erdem & Erdem Law
Both in the Turkish Code of Obligations ("TCO") and the Swiss Code of Obligations ("SCO"), the notion of unlikely debt repayment is regulated under two different parts.
Bezen & Partners
Following the decision of the Council of Ministers dated 20 July 2016 on the state of emergency, certain laws, decree laws and communiqués were enacted for the purpose of maintaining national security.
Kolcuoglu Demirkan Kocakli Attorneys at Law
Birer şahsi teminat türü olan kefalet ile teminat amaçlı garanti, birçok açıdan benzeşmekle birlikte, temel bazı farklar içermektedir.
Erdem & Erdem Law
Under Article 4 of Decree Law numbered 669 and dated 31.07.2016, corporations are prohibited from requesting, and the courts are prohibited to rule upon, suspension of bankruptcy.
Moroğlu Arseven
Turkey has introduced regulations regarding new and existing bankruptcy suspension requests and company guardians in the wake of the 90 day of State of Emergency declared on 21 July 2016.
Oncel, Aydın, Duman & Uygun Attorney Partnership
Türkiye Büyük Millet Meclisi tarafından kabul edilen ve 09.08.2016 tarihinde onaylanarak yürürlüğe giren 6728 sayılı "Yatırım Ortamının İyileştirilmesi Amacıyla Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun" ile 2004 sayılı İcra ve İflas Kanunu, 5491 sayılı Çek Kanunu ve 6102 sayılı Türk Ticaret Kanunu'nda birtakım esaslı değişiklikler yapılmı&
Moroğlu Arseven
Turkey has tightened up its postponement of bankruptcy regime. Bad faith debtors would regularly exploit the prior legislative arrangements and court processes.
Moroğlu Arseven
Turkey has amended and clarified the requirements for collecting public receivables. Changes particularly apply to obtaining documents to show an overdue debt, calculating the limitation period, as well as deleting records.
Erdem & Erdem Law
Bankruptcy cases may be filed by the creditors following an enforcement proceeding against the debtor, without any need for a prior enforcement proceeding, in the presence of certain grounds.
Erdem & Erdem Law
Bankruptcy and Enforcement Code No. 2004 regulates certain obligations for merchants who are ceasing to continue their commercial activities.
Kolcuoglu Demirkan Kocakli Attorneys at Law
If the GAS fails to adopt any of the above mentioned resolutions at the GAS meeting or if a meeting is not convened at all, the company would be deemed dissolved pursuant to the TCC and the EBL.
Herguner Bilgen Ozeke Attorney Partnership
The effort and time spent on bankruptcy proceedings are greater than the effort and time spent on execution proceedings.
Baspinar & Partners
Under Turkish bankruptcy procedures, the creditor makes an application to the execution office and the execution office sends a payment order to the debtor.
Erdem & Erdem Law
The duties, obligations and liabilities of liquidators who play a major role in the dissolution and liquidation of companies are briefly explained.
Erdem & Erdem Law
The legal remedies for execution proceedings and the rights granted to the creditor depend on the legal power of the documents on which the proceeding is based.
GSG Attorneys at Law
In Turkey, setting up a company is a well-known and straightforward procedure whilst liquidation of a company is a long and complicated procedure with challenges.
Kolcuoglu Demirkan Kocakli Attorneys at Law
Creditors may collect their receivables from debtors, who have not paid their debts, through enforcement proceedings.
Erdem & Erdem Law
Our legal system provides, under article 939/1 of the Turkish Civil Code that pledges over movable properties may be established by transfer of actual possession of the movables.
Kaçar, Attorneys at Law
Balance Sheet Insolvency expresses the situation where the liabilities of a company exceed its assets.
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Oncel, Aydın, Duman & Uygun Attorney Partnership
Türkiye Büyük Millet Meclisi tarafından kabul edilen ve 09.08.2016 tarihinde onaylanarak yürürlüğe giren 6728 sayılı "Yatırım Ortamının İyileştirilmesi Amacıyla Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun" ile 2004 sayılı İcra ve İflas Kanunu, 5491 sayılı Çek Kanunu ve 6102 sayılı Türk Ticaret Kanunu'nda birtakım esaslı değişiklikler yapılmı&
Bezen & Partners
Following the decision of the Council of Ministers dated 20 July 2016 on the state of emergency, certain laws, decree laws and communiqués were enacted for the purpose of maintaining national security.
Erdem & Erdem Law
Both in the Turkish Code of Obligations ("TCO") and the Swiss Code of Obligations ("SCO"), the notion of unlikely debt repayment is regulated under two different parts.
Erdem & Erdem Law
Bankruptcy cases may be filed by the creditors following an enforcement proceeding against the debtor, without any need for a prior enforcement proceeding, in the presence of certain grounds.
Erdem & Erdem Law
Under Article 4 of Decree Law numbered 669 and dated 31.07.2016, corporations are prohibited from requesting, and the courts are prohibited to rule upon, suspension of bankruptcy.
Kolcuoglu Demirkan Kocakli Attorneys at Law
Birer şahsi teminat türü olan kefalet ile teminat amaçlı garanti, birçok açıdan benzeşmekle birlikte, temel bazı farklar içermektedir.
Moroğlu Arseven
Turkey has amended and clarified the requirements for collecting public receivables. Changes particularly apply to obtaining documents to show an overdue debt, calculating the limitation period, as well as deleting records.
Moroğlu Arseven
Turkey has introduced regulations regarding new and existing bankruptcy suspension requests and company guardians in the wake of the 90 day of State of Emergency declared on 21 July 2016.
Moroğlu Arseven
Turkey has tightened up its postponement of bankruptcy regime. Bad faith debtors would regularly exploit the prior legislative arrangements and court processes.
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