Novelties introduced to the Debt Assumption Agreements

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Novelties introduced to the Debt Assumption Agreements

The Law Amending Certain Laws numbered 7297 (“Law Numbered 7297”), published in the Official Gazette numbered 31429 and dated 20 March 2021, added a new provisional article to the Law on Making Certain Investments and Services within the Framework of the Build-Operate-Transfer Model numbered 3996 (“Law Numbered 3996”) regarding debt assumption agreements to be concluded within the scope of build-operate-transfer projects.

For full copy of the alert, please click here.