Mr Ali Temuçin Akalın

Ali Temuçin Akalın

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Banking

Representation by proxy in suretyship agreements
Turkey | 07 June 2019

Suretyships are a kind of security commonly used in loan transactions which provide personal security to lenders if a borrower fails to fulfil its payment obligation. The Code of Obligations sets out certain requirements regarding the validity of suretyship agreements and enacting a suretyship agreement by proxy. This article examines these requirements in detail.