November Bulletin Pi Legal Consultancy
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.
PiLC’s sustained performance, client satisfaction, and thought leadership have earned the firm multiple international awards. These include recognition by Prestige Awards Group as the International Law Firm of the Year, the 2024 Global Recognition Award, and the Banking and Finance Law Experts of the Year award by Global Law Experts. In 2025, PiLC was further named Finance Law Firm of the Year by the Corporate LiveWire Group, reflecting its exceptional advisory capabilities in Turkey’s complex financial and regulatory ecosystem.
