Turkey: Insolvency/Bankruptcy

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Avrupa İmar ve Kalkınma Bankası (EBRD) Corporate Recovery Direktörü Ilir Fani'yi KPMG Türkiye Digital Studio'da ağırladık!

By provisional article 32 of Banking Law no. 5411, banks in Türkiye, renting, factoring, and financial companies and loan borrowers (debtors) those are in economic difficulty but can continue their operations through restructuring their debts to the financial sector (expect borrowers with a bankruptcy order against them) are able to restructure their loan debts by a frame order and agreement.

Pursuant to Article 285 of the Enforcement and Bankruptcy Law (EBL), a debtor who is unable to pay their debts on time or is at risk of default may request a concordatum.

The Regulation Amending the Regulation on the Procedures for Electronic Sales under the Enforcement and Bankruptcy Law ("Amendment Regulation") was published in the Official Gazette dated April 24, 2025...

The Law No. 7550 on the Enforcement of Criminal and Security Measures and on Amendments to Certain Laws, commonly referred to by the public as the 10th Judicial Reform Package, was published in the Official Gazette dated June 4, 2025, numbered 32920 (1st Repetition)