Bankruptcy Postponement and Panoramic Analysis on Bankruptcy Postponement Litigations in Turkey Between 2009-2013
Öz
Bankruptcy postponement is regulated by Articles 376-
377 of Turkish Commercial Code and 179 of Execution and
Bankruptcy Code. It is a legal remedying process developed to
recover “insolvent” capital stock companies from bankruptcy by
correcting their financial situation under trustee management,
should court finds the proposed “improvement plan” convincing.
This study aims to profile the postponement litigations filed in Turkey
between 2009-2013. During that period, 2.712 litigations were
filed, 1.921 of them were concluded. Litigations were concluded
in 285 days on average where postponement was accepted for
30% while refused for 48%.
Anahtar Kelimeler
Kaynakça
- 2004 Sayılı İcra ve İflas Kanunu 6102 Sayılı Türk Ticaret Kanunu A Brief History of Bankruptcy. http://www.bankruptcydata.com/ch11history. htm. (Erişim Tarihi 14.03.2015). Adalet Bakanlığı Ulusal Yargı Ağı Bilişim Sistemi (UYAP) verileri. Arslan, R. 2008. İflasın Ertelenmesi Uygulamaları. Bankacılar Dergisi. 67:116- 123. Awad, A. ve R.E. Michael. 2010. Iflas and Chapter 11: Classical Islamic Law and Modern Bankruptcy. The International Lawyer. Pace Law Faculty Publications: 974-1000. http://digitalcommons.pace.edu/lawfaculty/749/. (Erişim Tarihi 14.03.2015). Efrat, R. 2006. The Evolution of Bankruptcy Stigma. Theoretical Inquiries in Law, 7(2): 365-393. Ergin, M.E. 2009. İşletmelerde Finansal Başarısızlık Olasılığının Erken Tanısı: İMKB Uygulaması. Doktora Tezi, Kocaeli Üniversitesi, Kocaeli. Ermenek, İ. 2008. İflasın Ertelenmesi. Doktora Tezi. Ankara Üniversitesi. Ankara. Gilson, S.C., 2001. Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups. John Wiley & Sons. Gratzer, K. ve D. Stiefel. eds. 2008. History of Insolvency and Bankruptcy from an International Perspective. Södertörns Högskola. Hotchkiss, W.H., 1898. Bankruptcy Laws, Past and Present. The North American Review. 167(504): 580-591. Levinthal, L.E. 1918. The Early History of Bankruptcy Law. University of Pennsylvania Law Review and American Law Register. 66(5/6): 223-250. Levinthal, L.E. 1919. The Early History of English Bankruptcy. University of Pennsylvania Law Review and American Law Register. 67(1): 1-20. Martin, N. 2005. The Role of History and Culture in Developing Bankruptcy and Insolvency Systems: The Perils of Legal Transplantation. Boston College International and Comparative Law Review. 28(1): 1-78. Nishimoto, A.S., 2013. Shifting Paradigms Within Corporate Bankruptcy Law: The History and Future of Chapter 11 and Its Global Effects on Business Restructurings. Creighton International and Comparative Law Journal. 5: 102-111. Öztek, S. 2006. İflasın Ertelenmesi. Bankacılar Dergisi. 59:39-83.