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 mainly governed by the terms of the Enforcement and Bankruptcy Code of Turkey. In our previous article in Bunkerspot (February/March 2015), we provided an overview of the new ship arrest provisions. However, it is also interesting to consider, from the practitioner as well as the academic perspective, how case law has been affected by the revised ship arrest terms.
Please read the PDF document given below for more information;