Abstract Turkey’s dynamic economy attracts numerous foreign companies, but navigating its financial and banking systems can be challenging. Issues such as currency volatility, regulatory compliance, and access to financing often create hurdles for foreign investors. This article examines the legal framework governing financial and banking transactions in Turkey, highlights common challenges faced by foreign companies, […]
Introduction A letter of credit (LoC) is a widely used financial instrument in international trade that ensures payment to the seller, provided specific conditions outlined in the agreement are fulfilled. In Turkey, the operation of letters of credit is governed by Turkish Banking Law and international banking practices, particularly those outlined by the International Chamber […]