Foreign creditors who have outstanding receivables from debtors in Turkey can use the Turkish enforcement and bankruptcy system to collect their claims. The fact that the creditor is not resident in Turkey, or is a foreign company or individual, does not prevent them from starting enforcement proceedings, as long as certain procedural and jurisdictional requirements […]
When a foreign debtor receives a payment order (ödeme emri) from a Turkish enforcement office, the rules on objection are essentially the same as for Turkish nationals. The critical points are time limits, form, and the distinction between objection to the debt and objection to the signature. 1. Service of the Payment Order and Time […]