Find practical legal guides and resources for your country
4 legal articles
Cross-Border Debt Recovery and Corporate Restructuring in Turkey Foreign bankruptcy decrees require formal recognition by a Turkish court before they are enforceable against local assets. Securing interim injunctions is the...
Economic shifts and currency fluctuations frequently put severe pressure on foreign joint ventures (JVs) operating in Turkey. When local corporate debt becomes unsustainable, international stakeholders must act quickly. Restructuring Turkish...
Act before absolute insolvency: Turkish law favors companies that file for restructuring while they are still functional but face imminent cash-flow risks. Statutory shield is local: A concordat ( konkordato...
Corporate Restructuring in Turkey: A Creditor Checklist Key Takeaways Foreign creditors have the same substantive rights as domestic creditors in Turkey, but must navigate specific evidentiary rules to recover assets....