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2 January 2019
Publication | Turkey | Banking & Finance
This Q&A guide to lending and taking security in Turkey has been written by Arpat Şenocak, partner, Mehmet Kösoğlu, Ece Çakırel and Aykan Akkayagil, associates at Özdirekcan Dündar Şenocak attorney partnership, Gide's correspondent firm in Turkey, and published in Practical Law Global Guides, a publication of Thomson Reuters in 2018.
This Q&A gives a high level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security and guarantees. It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower insolvency; cross-border issues on loans; taxes; and proposals for reform.
Click here to read the online version of the article.
