The Duration of the Financial Restructuring Implementation Has Been Extended Again in 2025 26 December 2025
The duration of the implementation of the financial restructuring implementation carried out within the scope of Provisional Article 32 of the Banking Law No. 5411 has once again been extended for a period of two years by Presidential Decision No. 10765, which was published in the Official Gazette dated 25 December 2025 and numbered 33118.
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The financial restructuring implementation was introduced within the scope of Provisional Article 32 added to the Banking Law by Law No. 7186, which was published in the Official Gazette dated 19 July 2019 and numbered 30836 (Reiterated). With this regulation; it was aimed to enable the restructuring of the credit debts of borrowers having credit relationships with banks, financial leasing, factoring and financing companies, thereby allowing such borrowers to continue their operations and to maintain their contribution to employment. |
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The implementation period of Provisional Article 32 of the Banking Law was first extended for a period of two years by Presidential Decision No. 4299, which was published in the Official Gazette dated 15 July 2021 and numbered 31542. |
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Subsequently, the continuation of the regulation on financial restructuring was ensured through Law No. 7491 on the Amendment of Certain Laws and Decree Laws ("Omnibus Law"), which was published in the Official Gazette dated 28 December 2023 and numbered 32413. |
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Most recently, pursuant to Presidential Decision No. 10765 published in the Official Gazette dated 25 December 2025 and numbered 33118, it has been decided to extend the implementation period of the financial restructuring implementation for a further period of two years as of 28 December 2025. |
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18.12.2025
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15.12.2025
Is an Employee Entitled to Benefit from a Wage Increase Implemented During the Notice Period
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12.12.2025
Extension of the Exemption Period in Capital Loss and Over - Indebtedness Calculations
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8.12.2025
What is OFAC? Its Strategic Importance For Investors And Areas Of Application
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4.12.2025
Loans To Shareholders And Adat Invoice
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28.11.2025
Notification Process To The Central Securities Depository & Trade Repository Of Türkiye For Bearer Share Certificates And Legal Consequences
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20.11.2025
The Letter Of Intent Procsess in Merger and Acquisition Transactions
Merger and acquisition ("M&A") transactions are multi-layered processes from both legal and commercial perspectives. Before the parties proceed to the contractual stage, they enter into a preparatory phase in order to articulate their transactional intentions, exchange commercial expectations, and establish the legal framework. This preparatory phase constitutes the initial stage in which the parties discuss the fundamental principles of the transaction structure, formulate their negotiation strategies, and assess the transactional risks.
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14.11.2025
New Constitutional Court Decision On Violation Of The Right To A Reasoned Decision Published İn The Official Gazette
1. INTRODUCTION The reasoning constitutes the part of judicial decisions that demonstrates the cause and justification for resolving the matter in the manner indicated in the operative section, and it is an extension of adjudication. The fact that the reasoning is satisfactory and consistent is crucial for ensuring the right to be legally heard and the right to a fair trial. By setting forth the court's impartiality, a reasoned judgment enables the parties to understand and be satisfied with the material and legal grounds upon which they have won or lost the case, owing to reasoning that genuinely aligns with the contents of the file, as well as with logic and law.
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7.11.2025
Decision Of The Constitutional Court Concercing Excluded Pernonnel
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24.10.2025
The Obligation for the Principal and Subcontractor Employers to Jointly Participate in Mediation Has Been Annuled by the Constitutional Court
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23.10.2025
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21.10.2025
Seizure of Property Belonging to Persons Other than the Debtor and Protection of Legal Rights
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20.10.2025
Mergers and Acquisitions and the Notification Obligation within the Framework of Competition Law
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17.10.2025
Important Amendment to the Organized Industrial Zones (OIZ) Implementation Regulation: Additional Time Granted To Participant
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15.10.2025
Current Status Of The Obligation To Maintain Commercial Books In Electronic Form
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