Law No. 7499 on the Amendment of the Criminal Procedure Law and Certain Laws (“Law“) published in the Official Gazette dated 12 March 2024 and numbered 32487 and the Enforcement and Bankruptcy Law No. 2004 (“İİK“), Law No. 6100 on Civil Procedure (“HMK“), Law No. 6502 on Consumer Protection (“TKHK“), Law No. 5326 on Misdemeanours (“Misdemeanour Law“), and Criminal Procedure Code No. 5271 (“CMK“).

The Regulation on the Procedure for Sales to be Made in the Electronic Environment pursuant to the Enforcement and Bankruptcy Law, and the Regulation Amending the Enforcement and Bankruptcy Law Regulation (“Regulations”) were published in Official Gazette dated 8 March 2022 and numbered 31772, entering into force on the same day.

İcra ve İflâs Kanunu Uyarınca Elektronik Ortamda Yapılacak Satışların Usulü Hakkında Yönetmelik ile İcra ve İflâs Kanunu Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik ("Yönetmelikler") 8 Mart 2022 tarihli ve 31772 sayılı Resmî Gazete'de yayımlanarak aynı gün yürürlüğe girdi. 

Mal, Hak veya Alacağın Ulusal Yargı Ağı Bilişim Sistemi Üzerinden Sorgulanması Hakkında Yönetmelik (“Yönetmelik”) 22 Ocak 2022 tarihli ve 31727 sayılı Resmî Gazete’de yayımlanarak aynı gün yürürlüğe girdi. Yönetmelik ile icra takiplerinin alacaklıları tarafından Ulusal Yargı Ağı Bilişim Sistemi (“UYAP”) üzerinden borçluların mal, hak ve alacaklarına yönelik sorgulama yapılması bakımından uygulanacak usul ve esaslara açıklık getirildi.

The Regulation on Assets, Rights or Receivables Inquiry through the National Judiciary Informatics System (“Regulation”) was published in Official Gazette dated 22 January 2022 and numbered 31727 and entered into effect on the same day. With the Regulation, procedures and principles applicable to inquiries on assets, rights, and receivables of the debtors through the National Judiciary Informatics System (“UYAP”) by the creditors within the scope of the execution proceedings are clarified.

7327 sayılı İcra ve İflas Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun (“Değişiklik Kanunu”) 31516 sayılı ve 19 Haziran 2021 tarihli Resmî Gazete’de yayımlanarak yürürlüğe girdi.

Değişiklik Kanunu ile 2004 sayılı İcra ve İflas Kanunu (“İİK”)’nun uygulamasında yaşanan aksaklıkların giderilmesi ve özellikle konkordato sürecinin daha etkili hâle getirilmesi amaçlandı. Bu kapsamda; getirilen düzenlemeler aşağıda özetlenmektedir:

The Law numbered 7327 on the Amendments to the Code of Enforcement and Bankruptcy and Certain Laws (“Amendment Law”) was published in the Official Gazette dated 19 June 2021 and numbered 31516, and entered into effect on the same day. 

The Amendment Law aims to eliminate the practical disruptions in the application of Enforcement and Bankruptcy Law numbered 2004 (“CEB”) as well as  enhancing the concordat process. Regulations introduced in this scope are summarized below:

Bankruptcy postponement under the Turkish Bankruptcy Law was heavily criticised on the basis that it was open to manipulation. Critics also claimed the protections offered in this scope went beyond the legislators’ intentions due to systematic errors which had emerged in the process.

Turkey has tightened up its postponement of bankruptcy regime. Bad faith debtors would regularly exploit the prior legislative arrangements and court processes, using them to threaten or bargain with their creditors by depriving them of enforcement and execution avenues for a significant and uncertain amount of time. However, legislative amendments go a significant way towards evening up the balance between creditors and debtors in this area.