Increase in Legal Interest Rate

Installment and Application Deadlines for Debt Restructuring Extended by 1 Month

With the Presidential Decree No. 8485 published in the Official Gazette No. 32552 dated 21.05.2024, it was decided that the legal interest rate regulated in Article 1 of the Law No. 3095 on Legal Interest and Default Interest will be applied as 24% annually, instead of 9%, as of 01.06.2024.

The right of pre-emption is a right that allows the right holder to demand priority in the sale or transfer to himself in case of sale to someone else. The right of pre-emption may arise from the law as well as from the contract.

In recent economic conditions, disputes arising from rental relationships continue to increase day by day, and people are always concern of eviction. …

Installment and Application Deadlines for Debt Restructuring Extended by 1 Month With the Presidential Decree No. 8485 published in the Official Gazette …