ARTICLE
2 October 2020

Turkey Suspends Execution And Bankruptcy Proceedings As Part Of The Precautions Taken To Combat COVID-19 Pandemic

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As per the Presidential Decree no. 2279 ("Decree") published on Official Gazette of March 22, 2020, it has been decided that all on-going execution and bankruptcy proceedings, except for the ones related to alimony claims.
Turkey Insolvency/Bankruptcy/Re-Structuring

As per the Presidential Decree no. 2279 ("Decree") published on Official Gazette of March 22, 2020, it has been decided that all on-going execution and bankruptcy proceedings, except for the ones related to alimony claims, shall be suspended and that no new requests for execution or bankruptcy shall be processed until April 30, 2020.

The Decree directly came into effect as of March 22, 2020 upon publication.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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