COMMERCIAL LAW

As companies’ cross-border activities become increasingly complex in a globalizing world, having a reliable and specialized advisor in the field of international trade law is of vital importance. ECY Law provides strategic guidance and legal support to its clients at every stage of their commercial operations, with a team fully proficient in all aspects of international trade.

Our Areas of Expertise

ECY Law offers comprehensive services in all of the following subfields of international trade:

  • Export and Import Contracts: International sales agreements, compliance with INCOTERMS 2020 rules, regulation of payment and delivery terms.
  • Distribution and Agency Agreements: Structuring cross-border distribution and agency relationships in compliance with legal requirements and in a manner that safeguards your commercial interests.
  • International Arbitration and Dispute Resolution: Representation before international arbitration institutions such as ICC, LCIA, UNCITRAL, ISTAC; preparation of arbitration clauses; and legal assistance in post-arbitration enforcement and annulment proceedings.
  • Foreign Trade Finance and Letter of Credit Transactions: Legal consultancy and contractual support regarding letters of credit, bank guarantees, and other financial instruments.
  • Customs Legislation and Practices: Legal guidance on customs procedures, taxation, import restrictions, exemptions, and audit processes.
  • Cross-Border Investments and Partnerships: International joint venture agreements, mergers and acquisitions, investment protection regulations.
  • Compliance and Sanctions: Consultancy on compliance with international regulations including sanctions imposed by the EU, the US, and the United Nations.

Frequently Asked Questions

What should I do if my company is in debt?

There are numerous ways to pay for a company’s debt. First of all go through your financial situation carefully and if needed seek professional help. 

Trade Registry is the official document where all companies are listed. All corporations are legally obligated to enter the Trade Registry. 

An ID, Articles of Association and a document showing the place of residency should be given. For different corporation types, more documents can be needed.

Yes, foreigners can directly incorporate in Turkiye. The legal advantages for Turkish residents are applied for foreigners as well. 

In case of bankruptcy, the company assets are sold and debts are paid. Creditors must apply to get in line at the bankruptcy files and are paid in order. 

If you want to shut down all company activity, you must pay all company debts and must apply to be removed from the Trade Registry. For the closing operations, you can seek help from an Attorney.