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Aval in Negotiable Instruments Aval is a personal guarantee provided in favor of a party named in a negotiable instrument. While aval shares similarities with suretyship, it imposes a more stringent liability. The aval giver undertakes to pay the debt guaranteed by the aval. For instance, if the debtor of a check fails to pay...
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Statute Of Limitations In Commercial Papers A. COMMERCIAL PAPERS Commercial papers are negotiable instruments that include a promise to pay a certain amount under specific terms and conditions. According to the Turkish Commercial Code, commercial papers comprise promissory notes, bills of exchange, and checks. Each type of commercial paper is subject to specific conditions for...
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Annulment Of A Promissory Note A. Promissory Notes Promissory notes are negotiable instruments containing a promise to pay a specific amount under certain conditions and dates. Their validity depends on strict formal requirements, and they are used for payment or credit purposes in commercial transactions. For detailed information about promissory notes and their validity, please...
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Essential Elements Of Promissory Notes  Negotiable Instruments and Commercial Papers In commercial law, negotiable instruments are documents that embody rights inseparable from the document itself. Commercial papers are a subtype of negotiable instruments, constituting documents that create specific rights. Types of Commercial Papers Commercial papers are documents promising payment of a specified amount under defined...
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Issue an objection to the enforcement proceeding
Objection to Enforcement Proceedings Initiation of Enforcement Proceedings Enforcement proceedings begin when the creditor applies to the enforcement office. The application is made using a “Request for Proceedings,” which follows the relevant procedure type. Enforcement proceedings for monetary claims are categorized into two groups depending on whether the claim is supported by a court decision:...
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Görseli yüklemek için Dosya yükleye tıklayın. Daha sonra Öne çıkarılmış görseli ayarla butonuna tıklayn.
Acquisition of Turkish Citizenship through Real Estate Investment Turkey’s Citizenship by Investment program, introduced in 2016 to attract foreign direct investment and boost the real estate sector, has undergone significant changes to make it more appealing to investors. The program offers various means for investors to contribute to the Turkish economy and gain Turkish citizenship....
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Establishing a Company in Turkey
Establishing a Company in Turkey: A Comprehensive Guide for Foreign Investors Introduction: Turkey has emerged as an attractive destination for foreign investors due to its thriving economy, strategic location, young population, and skilled workforce. Recent legal reforms have further facilitated foreign investments in the country, making it a favorable choice for establishing a company. The...
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Turkish Citizenship Through Bank Deposit
Introduction: Acquiring Turkish citizenship through bank deposits is a unique pathway available for individuals interested in obtaining Turkish citizenship. By depositing a minimum of $500,000 USD or its equivalent in a foreign currency into a bank operating in Turkey and committing to maintaining the deposit for a minimum of three years, individuals can fulfill the...
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Residence Permits In Turkey
1. Short-Term Residence Permits In Turkey Short-term residence permit is a type of residence permit issued for foreigners who wish to stay in Turkey for a longer period than the visa or visa exemption period. It is mandatory for all foreigners who want to stay longer than the designated period to apply for this residence...
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turkish citizenship
As Bilici Attorneys At Law, we provide our foreign clients with consulting service in the legal process of applying and gaining Turkish citizenship. According to Turkish Citizenship Law (Act No: 5901) ) Turkish citizenship shall be acquired after birth with a decision of competent authority, by adoption or by choice (art. 9). An alien who...
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