Financial Restructuring and the New Law
The legal framework for restructurings has been subject to several changes in 2018 in an effort to address the expectations of stakeholders. The long-awaited law is now enacted by the Parliament and entered into force on 19 July 2019. Yet, it remains unknown how much it alone will increase the appetite for restructurings and help to reopen the loan market. This paper provides an overview of the new law for financial restructurings in Turkey.
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