During the recognition-enforcement procedure, creditor has the right to demand interlocutory injunction from the authorized court, to seize and freeze the debtor’s movable and immovable assets.
There is a slight but important difference between enforcement of a domestic judgement and foreign judgement; foreign judgements needs to be evaluated by the court before the execution of the relevant judgement.
Yes, a creditor can claim enforcement of a foreign arbitral award against a debtor.
Yes, a creditor can claim enforcement of a foreign judgment against a debtor if the requirements given in the Turkish Enforcement Laws are met.
The Turkish Bar Association and the local bar association to which the lawyer is a member annually publishes an attorney fees scale that covers several types of proceedings.
Unless otherwise agreed by the parties, the fees of the arbitrators shall be agreed between the arbitrator or the arbitral tribunal and the parties, taking into account the amount of the claim, the nature of the dispute and the duration of the arbitration proceedings.
The most popular destination for arbitration in Turkey is Istanbul Arbitration Center ‘’ISTAC’’.
The court fees are calculated according to the Act of Fees No.492 and the general communique based on the act.
According to the Turkish Commercial Code, and the Law on The Establishment, Duties and Authorities Of Court Of Judicial Jurisdiction And Regional Court, Turkish commercial courts have the jurisdiction over international commercial disputes.
The most common reason for an unsuccessful collection attempt is when the debtor has no asset at all, or transfers its assets to another third persons in order to avoid seizure.
No, there is no need for the creditor to be physically present in person to bring proceedings locally.
It depends on whether the debt is collected through amicable debt collection or legal actions.
Traces and investigation are crucial for the creditor on both amicable and legal stage in Turkey.
Parties of a debt relation may determine the way of payment by either written or verbally, both may be before or after the debt arise.
Yes, amicable debt collections are allowed in Turkey.
