Do Foreign Creditors Need to Be Physically Present in Person (Or by Their Employees) To Bring Proceedings Locally to Turkey?
No, there is no need for the creditor to be physically present in person to bring proceedings locally.
The creditor’s lawyer shall persuade all of the related procedures without the creditor’s presence, within the perspective of the power of attorney given by the creditor.
Although, there may be some cases where the court wants to hear the creditor’s testimony in order to reach a verdict.
In that case, the creditor or its legal representative shall come to the court hearing and give the relevant testimony.
Contributor: Emre Aslan
Position/Title: SENIOR LAWYER
For more posts contributed by Emre Aslan and ANTROYA DEBT COLLECTION & LAW OFFICE, please click here.
The Q&A Global is a special column run by CJO Global, and serves as a knowledge-sharing platform to facilitate peer learning and networking, and to provide the international business community with a global landscape of this industry. This post is a contribution from Antroya Debt Collection & Law Office. Antroya, headquartered in Istanbul, Turkey, has been working in the field of debt recovery dating back to 2005. They work with the world’s leading financial services companies and groups, who have the global largest network in International Receivables, and they are a member of several world's leading debt recovery networks.