Pi Legal Consultancy’s Article Series Continues to Shape the Legal Landscape in Turkey and Beyond

Pi Legal Consultancy (PiLC), a leading cross-border law firm in Turkey, continues to publish cutting-edge legal articles, sector insights, and high-level analyses designed to guide foreign investors, corporations, and international institutions. As part of its ongoing News, Insights & Legal Alerts series, PiLC provides reliable, research-driven content that supports decision-makers navigating Turkey’s dynamic regulatory environment.

Our October 2025 article focuses on a central topic for international businesses: debt collection in Turkey. This in-depth piece addresses the key questions foreign creditors face when initiating enforcement proceedings and highlights the critical importance of establishing a robust and well-designed debt collection strategy at the outset. The article stresses that the viability of enforcement in Turkey depends heavily on whether the debtor—or in corporate cases, the debtor company—is still active, accessible, and capable of satisfying a forcible seizure. It also warns that if the company has ceased operations or its representatives cannot be identified, the chances of successful recovery may significantly diminish. In some scenarios involving fraud or misrepresentation of company identity or trademarks, the article notes that pursuing a criminal complaint may be far more effective than classical debt collection procedures.

Alongside this publication, PiLC continues to release legal alerts covering the most recent regulatory developments in Turkey. One of our latest alerts analyzes the newly introduced Turkish Banking Green Asset Reporting Obligation, enacted through the Communiqué published in the Official Gazette on 11 April 2025. This Communiqué establishes the Green Asset Ratio (GAR) as a new performance indicator and introduces comprehensive documentation, classification, and reporting obligations for banks. It marks a pivotal step in aligning the Turkish banking system with global sustainability frameworks and accelerating the country’s green financial transition.

Another PiLC legal alert examines the 2025 Turkey Investment Plan, announced by YOİKK. This analysis provides foreign investors and stakeholders with an essential overview of the Plan’s structure, scope, and anticipated impact on Turkey’s investment climate.

Pi Legal Consultancy is also proud to serve as a long-term advisor to high-profile international organizations, including the European Commission in its case concerning the enforcement and recognition of foreign court judgments in Turkey. Furthermore, PiLC has made a significant contribution to the 2025 World Bank B-READY Project, offering technical insights on company formation, licensing, and registration obligations for foreign direct investment. In recognition of this contribution, PiLC has been honored with the World Bank Group Certificate of Appreciation.

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To begin the transformation of your commercial landscape and explore our history of successful technology advocacy, Contact Us today. Our San Jose technical team is ready to provide a sophisticated intake experience and bring your vision of a stable corporate identity to life.

Strategy Law, LLP — Business and Real Estate Attorneys

1 S Almaden Blvd Suite 700, San Jose, CA 95113, United States

(408)–478–4100

In ICICI Bank Limited v. ERA Infrastructure (India) Limited & Ors. and connected matters, 2026 INSC 201, decided on 26 February 2026, the Supreme Court of India, speaking through Justice Dipankar Datta, conclusively held that simultaneous insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) can be initiated against both a principal borrower and its corporate guarantor. The Judgment resolves conflicting views of the NCLT/NCLAT and affirms the earlier ruling in BRS Ventures Investments Ltd. v. SREI Infrastructure Finance Ltd.

In Union of India v. Moolchand Khairati Ram Trust, Miscellaneous Application No. 1187 of 2019 in Civil Appeal No. 3155 of 2017, decided on 24 February 2026, the Supreme Court of India, comprising Justice Prashant Kumar Mishra and Justice N.V. Anjaria, took serious note of the alleged non-compliance with its earlier Judgment dated 9 July 2018 concerning obligations of private hospitals that had received concessional land from the Government. The Court observed that Authorities had failed to take strict action against hospitals allegedly violating the Court’s directions regarding free treatment obligations.

Strategy Law, LLP advises banks, lenders, and businesses on financing transactions, regulatory compliance, and complex lending matters throughout San Jose. Secure strategic financial solutions.