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 […]
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, […]