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 […]
1. Introduction: What Is Arbitration? Arbitration is a private dispute resolution method in which parties agree to resolve their disputes outside of state courts, through independent and impartial arbitrators.It is particularly preferred by foreign investors due to its neutrality, efficiency, confidentiality, and international enforceability. 2. Legal Grounds for Foreign Investors’ Right to Arbitration Foreign investors […]