Tag: CorporateLaw

Turkiye Extends Financial Restructuring for Companies: What the Extension of Banking Law Provisional Article 32 Means for Your Business

In a significant move to support corporate financial stability, the Turkish Presidency has officially extended the duration of the Financial Restructuring (FYY) framework. According to the Presidential Decision No. 10765, published on December 24, 2025, the provisions of Provisional Article 32 of the Banking Law (No. 5411) with regard to corporate debt restructuring have been extended for an additional two years.