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, […]
When a company in Turkey enters financial distress, the legal landscape shifts quickly. Creditors become more aggressive, cash flow tightens, and management is forced to prioritize survival. In this environment, concordat (konkordato) is often used as a court-supervised restructuring framework aimed at allowing the debtor to continue operating while negotiating a binding repayment plan with […]