Working together with our banking team, we advise both on formal insolvency and winding up procedures for local Turkish companies as well as debt restructuring arrangements or financial rescues of distressed companies. We act both for financial or investment institutions in restructuring their investments in turn-around cases. We have also acted for Turkish entities in investments by mezzanine debt providers in debt scenarios and taking companies through a debt turn-around to eventual exit and sales.
Our clients have included both financial institutions, security agents or trustees, mezzanine funds as well as sponsors and debtors.
We cover matters such as:
Representation of debtors or creditors during formal insolvency proceedings
Restructuring or refinancing of indebted companies
Acquisitions, disposals and equity and/or debt investments in distressed companies
Advising on clawback processes and purchase and sale of assets from bankrupt estates
Enforcement of security including shares, mortgaged assets and pledged receivables
Insolvency related litigation