The rules and procedures for ship arrest in Turkey are specified under the Turkish Commercial Code no. 6102 (“TCC”) and the Enforcement and Bankruptcy Code no. 2004 (“EBC”) (The general rules of the EBC apply to the enforcement of ship arrest unless otherwise stated in the TCC.) This memo has been prepared to explain the …
Banking and payment systems are heavily regulated in Turkish Law. Banking Law No. 5411 (“Banking Law”) is the main legal document that regulates banking sector; and, the payment systems are regulated by Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (“Payment Law”), with their secondary legislation. Under the Payment Law, …
The Netherlands have a traditionally strong residential mortgage loan securitisation market. The total amount outstanding of Dutch securitisations in 2020 was EUR 40.6 billion. In total EUR 5.9 billion of securitisations was sold to investors in 2020 via Dutch special purpose vehicles: EUR 2.8 billion are residential mortgages, EUR 1.4 billion buy-to-let mortgages and EUR …
Doing Business In: Algeria
Algeria is the leading natural gas producer in Africa and the second-largest natural gas supplier to Europe outside of the region. With a territory of 2.4 million km² and a dynamic demography (+900,000 inhabitants/year, 44 million inhabitants on 1 January 2020), Algeria has the 4th largest GDP on the African continent (144 billion USD in …