Winning a lawsuit abroad against a Turkish debtor is only half the battle. A foreign judgment does not automatically give you the right to seize assets in Turkey. To convert your foreign judgment into real money, you must first obtain a Turkish court decision on recognition and/or enforcement (tanıma ve tenfiz). Only after that can […]
Foreign creditors holding cheques, promissory notes or bills of exchange issued in connection with Turkish business transactions have access to a powerful collection tool under Turkish law: special execution proceedings on negotiable instruments (kambiyo senetlerine özgü icra takibi). This is a fast-track, document-driven enforcement mechanism regulated mainly by the Turkish Enforcement and Bankruptcy Law and […]