Acquisition Finance 2021
Choice of lawWhat territory's law typically governs the transaction agreements? Will courts in your jurisdiction recognise a choice of foreign law or a judgment from a foreign jurisdiction?>>🔗
Transaction agreements between Turkish parties are generally governed by Turkish law. When there are foreign parties involved, the documentation is mostly governed by English law or other foreign laws. Collateral arrangements for creating security interest over the assets located in Turkey should be governed by Turkish law (owing to the lex rei sitae principle) without prejudice to the nature of the transaction.
This material is produced by Lexology Panoramic:
This image is not available in the public version.
Formerly Getting The Deal Through, Lexology Panoramic delivers a panoramic view of how laws and regulations vary across jurisdictions from the market-leading cross-jurisdictional comparison tool
This content is licensed and is published in its original form. It is not edited or checked by LexisNexis®.