Ship Mortgage: Establishment, Classification and Foreclosure (2026)
Ship Mortgage: Establishment, Classification and Foreclosure (2026) In maritime trade, financing needs often necessitate using the ship itself as collateral. Banks... Read More
The Distinction Between Owner and Operator in Ship Mortgages and Their Legal Consequences
The distinction between owner and operator in ship mortgages is the most critical and frequently dispute-generating issue in maritime trade practice, both for creditors and those actually operating the ship... Read More
What does "payable to bearer" mean on a check, and what risks does it carry?
Introduction A check is one of the most widely used negotiable instruments in commercial life and a secure tool in payment and collection processes. However, the way a check is issued... Read More
Enforcement Law and Collection Processes in Türkiye
Introduction In Türkiye, one of the most important mechanisms that comes into play to protect the rights of creditors when parties fail to fulfill their obligations in economic relations is enforcement law. The debtor, when paying their debt... Read More
What is Additional Damage? Conditions and Burden of Proof
Additional Damages and Their Proof: Is the Debtor's Primary Liability Sufficient? Introduction In debt relationships, compensation for damages often does not end with the payment of the principal debt. Especially... Read More
RELEASE AGREEMENT
RELEASE AGREEMENT Article 1: Parties This Release Agreement (“Agreement”) is concluded between the following parties: Releaser (Creditor): Name/Trade Name: …... Read More
Petition for Registration of Claims with the Bankruptcy Estate
… TO THE ENFORCEMENT DIRECTORATE ….. File No: …/… Dear Directorate, My client, the bankrupt … Automotive and Spare Parts Trading Inc., has filed a lawsuit against … Primary Court…. Read More
ENFORCEMENT PROCEEDINGS IN SHIP MORTGAGE CASES: LEGAL PROCESSES AND CREDITOR'S RIGHTS
Execution Proceedings in Ship Mortgage Cases: What is a Ship Mortgage? A ship mortgage is a security arrangement made by the owner of a ship to secure the vessel and ensure the payment of a debt... Read More
THIRD-PARTY ACCOUNTING AND GUARANTEE AGREEMENTS: DIFFERENCES AND LEGAL CONSEQUENCES
Contract for Assuming the Performance of a Third Party's Act: A contract for assuming the performance of a third party's act is an agreement in a debt relationship where the debtor undertakes to have a third party perform a specific act for the creditor... Read More