Türkiye is fast emerging as an increasingly attractive destination for private credit providers looking to deploy capital and diversify their portfolios. Despite this growing interest, relative to its size as the seventh...more
Penalty clauses in fixed-term contracts are common in Turkey and apply if either party to such a contract ends the contract before the expiration of the fixed term. Turkey’s Supreme Court has held that penalty clauses...more
The novel coronavirus (COVID-19) has impacted employers worldwide. This exceptional situation and measures taken to deal with it have significantly affected business life. Employers are trying to adopt temporary measures to...more