Insolvency 2020

Insolvency 2020

Turkey has seen a continuous increase in bankruptcy and concordato proceedings. According to a declaration made by the Minister of Trade of the Republic of Turkey and governmental data, 1,401 companies applied for concordato in the last eight months of 2018 and 979 of these companies declared concordatoas of 27 December 2018.

For full copy of the article, please click here.

First published by Chambers and Partners, Global Practice Guides, Insolvency – Law & Practice 2020 and Trends & Developments 2020.

www.chambersandpartners.com