1) What Concordat Is (and Why Foreign Creditors Should Care) Concordat is designed to prevent a viable business from collapsing into bankruptcy by giving it temporary court protection to negotiate a restructuring with creditors.From a foreign creditor’s perspective, concordat changes the playing field quickly: 2) The Timeline: Temporary Moratorium vs Definitive Moratorium A typical concordat […]
1) Mistake: Not Verifying the Parties and Signatory Authority What goes wrong:If the contract uses the wrong legal name, tax/MERSIS data, or the signer lacks authority, you may face defenses like “wrong party,” “unauthorized signature,” or “not binding on the company.” Protective clauses & steps: 2) Mistake: Vague Scope of Work (Scope Creep) What goes […]
E-commerce in Turkey is a fast-moving market, but the legal framework is not optional—especially for foreign brands selling online to Turkish consumers. The core compliance risks are not “big dramatic lawsuits.” They are usually operational: missing pre-contract information, defective distance sales workflows, late refunds, unfair terms, or incomplete records that trigger consumer complaints and administrative […]
Corporate real estate in Turkey can be a powerful asset—used for manufacturing sites, logistics hubs, offices, retail footprints, data centers, and investment holdings. But corporate buyers (and their lenders) face a different risk profile than individual purchasers: the issues are less about “finding a property” and more about clean title, registrable rights, lender-ready security, zoning/permit […]
Enforcing a foreign arbitral award in Turkey is often less about “winning” and more about executing cleanly. Turkey is generally viewed as arbitration-friendly in recognition and enforcement, and it applies the New York Convention framework alongside its domestic rules under Law No. 5718 (International Private and Procedural Law). But in practice, enforcement can still fail […]
Factoring is one of the most widely used working-capital tools in Turkey. It allows businesses to convert invoices into immediate liquidity without waiting for maturity dates. For lenders and investors, it is an asset-backed structure that can be designed to reduce unsecured risk—if the legal mechanics are handled correctly. For companies, factoring can stabilize cash […]
Asset-based financing—often called Asset-Based Lending (ABL)—is one of the most practical, collateral-driven forms of commercial credit. In a traditional loan, lenders mainly assess a company’s overall balance sheet, projected cash flows, and credit profile. In ABL, the logic shifts: the facility is built around specific assets—typically receivables, inventory, machinery/equipment, and sometimes bank accounts/cash controls—and the […]
In commercial transactions, the most expensive disputes often arise from one basic confusion: who possesses an asset vs. who owns it. In everyday business, possession and ownership usually align—until they don’t. In Turkey, many financing and trade structures intentionally separate possession from ownership: finance leasing, retention of title, consignment stock, warehouse storage, and pledge structures […]
Insolvency is the moment when security interests are tested. A pledge or mortgage that looks strong in normal times can lose practical value if perfection is unclear, collateral cannot be identified, or priority is disputed. For that reason, understanding secured creditors’ rights in Turkish insolvency law is not just academic—it is fundamental for banks, investors, […]