How Protected Is a VC Really in a Turkish Startup Bankruptcy or Concordato? When foreign investors look at the Turkish ecosystem, the question “how protected is a VC really in a Turkish startup bankruptcy or concordato?” is usually left to the last slide of the deck – until something goes wrong. Turkish law has its […]
1. Legal Framework Foreign creditors can initiate debt recovery and insolvency proceedings in Turkey based on the following key laws: 2. Can Foreign Creditors Pursue Claims in Turkey? Yes.Foreign real or legal persons are allowed to pursue debt recovery proceedings in Turkey either directly or through an attorney. 📌 In practice, engaging a Turkish attorney […]