Practical Law Country Q&A 9-576-0948 (Approx. 25 pages)
Lending and Taking Security in Turkey: Overview
by Arpat Şenocak, Mehmet Kösoğlu and Mustafa Karadaş, Özdirekcan Dündar Şenocak Ak Attorney Partnership (in association with Gide Loyrette Nouel in Turkey)
A Q&A guide to finance in Turkey The Q&A gives a high-level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements. It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower insolvency; cross-border issues on loans; taxes; and proposals for reform.