If this email is not displayed correctly please click here

Banking & Financial Services

19 June 2020
Ali Temuçin Akalın Attachment of debts arising from letters of guarantee

Turkey - Selvi & Ertekin

Letters of guarantee are an instrument under which a bank guarantees the payment of a certain amount to a beneficiary on request if an obligation undertaken by the applicant against such beneficiary is unfulfilled. In practice, a debtor's creditors are often willing to directly levy an attachment on a letter of guarantee. This article outlines letters of guarantee in the Turkish banking sector.

Author: Ali Temuçin Akalın
Read more

Recent updates

Patrick McGauley COVID-19 Weekly Report (11-17 May 2020)

International - International Law Office

Author: Patrick McGauley
Alexander Vogel FINMA: temporary exemptions for banks due to COVID-19 crisis

Switzerland - Meyerlustenberger Lachenal

Authors: Alexander Vogel, Reto Luthiger, Lukas Lezzi
Emir Nurmansyah OJK relaxes single presence policy in banking sector but tightens minimum capital requirements

Indonesia - ABNR

Authors: Emir Nurmansyah, Nafis Adwani, Agus Ahadi Deradjat

ONLINE MEDIA PARTNERS