Turkey: Insolvency/Bankruptcy/Re-Structuring

Gelir Vergisi Kanununun (“GVK”) mükerrer 121 inci maddesinde düzenlenen vergiye uyumlu mükellef indirimi, gelir ve kurumlar vergisi mükellefleri açısından oldukça önemli bir vergi avantajı sağlıyor. Ancak Maliye, bu indirimden yararlanabilmek için kanunda öngörülen şartları maalesef lafza çok sıkı bağlı kalarak uyguluyor ve bu kapsamdaki bazı yorumları düzenlemenin temel amacıyla çelişiyor.

Turkish bankruptcy law provides a collective enforcement mechanism for liquidating a debtor's assets among creditors based on equality principles. While bankruptcy postponement was abolished in 2018...

Modern sermaye piyasalarının varlık sebebi, fon arz eden yatırımcılar ile ihraççılar arasında güvene dayalı bir köprü kurmaktır. Bu yapının en temel dinamiği ise yatırımcılar arası eşitlik ilkesidir.

This article explains the principal routes for collecting monetary claims in Türkiye under the Enforcement and Bankruptcy Law No. 2004. It distinguishes ordinary enforcement without a judgment from judgment-based enforcement, the special procedure for negotiable instruments and bankruptcy proceedings. It examines payment orders, debtor objections, actions to annul an objection, summary removal of an objection, mandatory mediation, precautionary attachment, asset investigation, attachment and sale.

This article examines commercial debt recovery in Italy for Turkish creditors. It considers the debtor and its assets, jurisdiction, applicable law, evidence of the debt, interest, payment orders, service, objections, enforcement and insolvency

Commonly referred to as “Technical Insolvency,” this concept is regulated under Article 376 of the Turkish Commercial Code (“the Code”) under the heading “Loss of Capital, State of Insolvency.” The provisions of the article define the circumstances of capital loss and insolvency for companies and set forth the procedures to be followed and the measures that may be applied in such cases.