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5
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86
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41
Asset management companies function as acquiring defaulted receivables of banks and nonbank financial institutions and collecting them through restructuring. The Asset management companies mainly drawn up by article 143 of Banking Code no. 5411. Regulations concerning the asset management companies can also be found in Directive which is issued based on article 93 and article 143 of Banking Code no. 5411. The Asset management companies are also correlated with Turkish Commercial Code no. 6102 since the Directive indicates that mentioned companies can be established as joint stock companies. This work analyzes issues of specific regulations regarding establishment of the asset management companies and their permit-required legal transactions with general provisions of Turkish Commercial Code no. 6102 and provides solutions via criticizing some matters of significance.
Asset management companies function as acquiring default receivables of banks and nonbank financial institutions and collecting them through restructuring. The Asset management companies mainly drawn up by article 143 of Banking Code no. by 5411. Regulations concerning the asset management companies can also be found in Directive which is issued based on article 93 and article 143 of Banking Code no. by 5411. The asset management companies are also correlated with Turkish Commercial Code no. 6102 since the Directive indicates that the aforementioned companies can be established as joint stock companies. This work analyzes issues of specific regulations regarding establishment of the asset management companies and their permission-need legal transactions with general provisions of Turkish Commercial Code no. 6102 and provides solutions via criticizing some matters of significance.
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