Turkey: Insolvency/Bankruptcy

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Insolvency law and bankruptcy law articles, thought leadership, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics surrounding financial restructuring, insolvency and bankruptcy.
Article
Under Article 376 Of The Turkish Commercial Code Technical Bankruptcy
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.
Turkey Insolvency
SO
Sakar Law Office
Article
İcra Takiplerinde Usulsüz Tebligatın Hukuki Sonuçları Ve Şikâyet Usulü
İcra takiplerinde tebligat, borçlunun hakkında başlatılan takipten haberdar edilmesini ve kanunun kendisine tanıdığı itiraz, şikâyet ve diğer hukuki yollara süresi içerisinde başvurabilmesini sağlayan temel usuli işlemlerden biridir. Özellikle ödeme veya icra emrinin usulüne uygun şekilde tebliğ edilmesi; takibin kesinleşmesi, haciz aşamasına geçilmesi ve borçlunun malvarlığı üzerinde cebri icra işlemlerinin uygulanabilmesi bakımından büyük önem taşımaktadır.
Turkey Insolvency
SO
Sakar Law Office
Article
Legal Consequences Of Defective Service Of Process In Enforcement Proceedings And The Complaint Procedure
In enforcement proceedings, service of process is a fundamental procedural mechanism that ensures that the debtor is duly informed of the proceedings initiated against them and is able to exercise their statutory rights of objection, complaint and other legal remedies within the prescribed time limits. In particular, proper service of a payment order or enforcement order is crucial for the finalization of enforcement proceedings, commencement of attachment proceedings and implementation of compulsory enforcement measures against the debtor’s assets.
Turkey Insolvency
SO
Sakar Law Office
Article
Collecting Debts Based On Foreign Judgments And Arbitral Awards In Turkey
For foreign judgment enforcement in Turkey, recovery on a foreign decision should be seen as two distinct stages, making the decision enforceable in Turkey, and then actually collecting the debt. That said, the time between those two stages matters can be equally important as the stages themselves. While foreign judgment enforcement in Turkey is pending, a debtor who disposes of assets can render the decision worthless. The success of the recovery therefore often depends on securing the claim from the very outset.
Turkey Litigation
A
ASY Legal
Article
Şirketlerde Yeni Asgari Sermaye Tutarları – 31 Aralık 2026 Sonrası İnfisah Riski
Bu çerçevede anonim şirketlerin sermayelerini en az 250.000 TL’ye, limited şirketlerin ise en az 50.000 TL’ye yükseltmesi gerekmektedir. Kayıtlı sermaye sistemini kabul etmiş halka açık olmayan anonim şirketlerde başlangıç sermayesi ve çıkarılmış sermaye için 500.000 TL’lik ayrı eşik uygulanmaktadır. Süresinde uyum sağlanmaması, anonim ve limited şirketler bakımından infisah; kayıtlı sermaye sistemindeki şirketler bakımından ise şartlarına göre sistemden çıkmış sayılma sonucunu doğurmaktadır.
Turkey Commercial
A
ASY Legal
Article
The Noteholders Meeting Mechanism In Capital Markets Law And Its Impact On Enforcement Proceedings
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.
Turkey Finance
E
Egemenoglu
Article
Petrol Piyasası Lisans Yönetmeliği Ile LPG Piyasası Lisans Yönetmeliği'nde Değişiklik: İflas Kararı Verilmesiyle Lisans Sonlandırılabilecek
Enerji Piyasası Düzenleme Kurumu ("EPDK”), 08/04/2026 tarih ve 33218 sayılı Resmî Gazete'de yayımlanan Petrol Piyasası Lisans Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik ve Sıvılaştırılmış Petrol Gazları (“LPG”) Piyasası Lisans Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik (“Değişiklik Yönetmelikleri") i
Turkey Insolvency
LP
LBF Partners
Article
Technical Bankruptcy Under The Turkish Commercial Code
The deterioration of a company’s (namely joint stock companies, limited liability companies and partnerships limited by shares are subject to this provision) financial standing and its legal consequences are governed by Article 376 of the Turkish Commercial Code numbered 6102 (published in the Official Gazette dated February 14, 2011 and numbered 27846 (“TCC”) and the Communiqué on the Procedures and Principles regarding the Implementation of Article 376 of the TCC published in the Of
Turkey Insolvency
PP
Pekin & Pekin
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