Insolvency & Restructuring updates

Turkey

Communique on procedures and principles regarding capital loss and insolvency introduced
  • Turkey
  • 12 October 2018

The Communique on the Procedures and Principles regarding the Application of Article 376 of the Commercial Code recently came into force. It determines the procedures and principles that will apply to certain companies (ie, joint stock companies, limited liability companies and limited partnerships whose capital is divided into shares) in cases of capital loss and insolvency.


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