It is common for contractors which have contractual relationship with both public administrations and private sector employers to submit performance bonds to guarantee the proper fulfillment of their contractual obligations….

While the negative effects of the Coronavirus (COVID19) epidemic continues especially in international trade, it gains importance to prove such effects of the epidemic on bilateral trade relations. In that…

In accordance with the 5th paragraph added to the 1st clause of Article 14 of the Labor Law No. 1475 with the amendment of the Law dated 25/8/1999; it has…

Surety and guarantee contracts, which are the two most commonly used methods to secure receivables, are often confused as both contain personal guarantees. However, it is important to distinguish these…

A surety agreement, which is one of the types of personal guarantee regulated in detail under Articles 581 to 603 of the Turkish Code of Obligations numbered 6098 (“TCO”), is…

WHAT IS A SURETY AGREEMENT UNDER TURKISH CODE OF OBLIGATIONS? A surety agreement, which is one of the types of personal guarantee regulated in detail under Articles 581 to 603…

Since it became significantly difficult for the creditors to collect their receivables nowadays, it has become a necessity to secure the payment of receivables. In that respect; in order to…

United Nations Convention on International Contracts on the Sale of Goods (“CISG”), known as the Vienna Convention, was adopted on 11.4.1980 and entered into force on 1 January 1988 to…

Disputes arising between the parties of a legal relationship are generally resolved by the parties through enforcement offices or courts and the parties seek their rights before these institutions. However;…

Unfortunately, many companies have lost their economic competence due to the economic problems experienced over the past year and the additional negative effects caused by the Coronavirus (COVID-19) epidemic and…