Corporate and M&A

Types of Contracts of Suretyship within the Scope of the Turkish Code of Obligations

Contact: Att. Ceyda Buyukoral; Erdem & Erdem (Turkey)

Articles 585 to 588 of the Turkish Code of Obligations ("TCO") numbered 6098 and dated 01.07.2012 set forth the types of Contracts of Suretyship. The types of Contracts of Suretyship are named in the TCO as i) simple surety ii) joint and several surety iii) co-surety and iv) collateral surety and counter-surety.

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