M. Hakan Tüfekçi of Yalçın & Toygar & Tüfekçi considers how changes to the vessel arrest regime in the revised Turkish Commercial Code have been interpreted in case law. Back in 2012, the revised Turkish Commercial Code came into effect. This introduced some significant changes to the country’s ship arrest regime, which had previously been …
Hakan Tüfekçi of Yalçin & Toygar & Tüfekçi takes a closer look at Turkey’s approach to vessel arrest as detailed in its recently revised Commercial Code. The issue of vessel arrest is a complex and challenging one, and, of course , closely tied to the provisions and requirements of different legal jurisdictions. Much is written …
In international trade, mainly four payment methods are; used, which are (i) open account (cash against goods), (ii) advance payment (prepayment), (iii) bills for collection (documentary collection), and (iv) letters of credit (documentary credit). These payment methods attempt to reconcile the conflicting economic interests of the parties involved in international transactions. Please read the PDF …
