Corporate and M&A

Contact: Att. Suleyman Sevinc; Erdem & Erdem (Turkey)

Introduction

The commercial enterprise pledge, which is of great importance in business transactions as a type of security[1], is regulated under the Commercial Enterprise Pledge Act ("CEPA") No. 1447. In this article, pledges containing ships that are elements of a commercial enterprise regarding which a commercial enterprise pledge will be established will be examined considering the provisions regulating the commercial enterprise pledge and ship mortgages.

Read the entire article.