The Turkish bankruptcy regime went through a fundamental change on 15 March 2018 when a legislative change abolished the postponement of bankruptcy concept and reinstated an updated version of “concordato” in its place. Most of the new provisions introduced with this amendment law were directly acquired in a rush from the insolvency laws of Switzerland; hence, these laws have not been adequately adapted to suit the needs of the Turkish business environment.

The 2nd Judicial Reform Package ("Reform Package") amends the Code on Civil Procedure, the Enforcement and Bankruptcy Law, the Procedure of Administrative Justice Act, the Law on the Establishment of Duties and Jurisdiction of Courts of First Instance and Regional Courts of Appeal ("Code No. 5235"), the Turkish Commercial Code, the Insurance Law, the Law On Consumer Protection, and the Industrial Property Law with respect to issues concerning general procedural law.

2. Yargı Reformu Paketi, Hukuk Muhakemeleri Kanunu, İcra ve İflas Kanunu, İdari Yargılama Usulü Kanunu, Kadastro Kanunu, Adlî Yargı İlk Derece Mahkemeleri ile Bölge Adliye Mahkemelerinin Kuruluş, Görev ve Yetkileri Hakkında Kanun (“5235 sayılı Kanun”), Türk Ticaret Kanunu, Sigortacılık Kanunu ve Tüketicinin Korunması Hakkında Kanun ve Sınai Mülkiyet Kanunu’nda genel olarak yargılama hukukunu ilgilendiren değişiklikleri bünyesinde taşımakta ve uygulamada tartışmalı olan bazı yargılama hukuku problemlerinin çözümüne önemli katkılar sağlamaktadır.