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In the context of Turkish labor laws, a, temporary employment in Turkey can materialize under two specific circumstances. In the realm of employment, the conventional understanding typically revolves around a permanent, full-time commitment with an indefinite duration. Any deviation from this norm is considered exceptional and is subject to stringent prerequisites. Group Company Exception Temporary…
Unlock new market opportunities with Azkan Group’s tailored Employer of Record (EOR) services in Turkey. Our expertise in managing the employment of your international hires allows your company to seamlessly expand globally. 0 Reasons to choose Azkan Group’s EOR services in Turkey 1. Navigate Complex Employment Laws: We help you overcome foreign employment laws and…
In Turkey, Employer of Record (EOR) services cater to companies without a legal presence in the country seeking to employ local talent. These Employer of Record services entrust employment responsibilities and full liability to Azkan Group, streamlining the process for you. 0 Employer of Record services in Turkey Talent Acquisition You take charge of interviewing…
In Turkey, the Labor Law permits the practice of subcontracting employees from other employers under specific circumstances in the workplace. It’s important to note that subcontracted tasks must be carried out within the premises of the primary employer. Regarding subcontracting regulations in Turkey, the nature of work that can be delegated to a subcontractor is…
Termination of employment in Turkey varies depending on whether the employment is for a definite or indefinite period and whether it is based on just cause. Here’s a breakdown of the termination procedures: Definite Period Employment Indefinite Period Employment Severance Pay Termination in Larger Workplaces Termination Based on Just Cause Dispute Resolution Azkan Group can…
The regulated facets of employment in Turkey encompass employees, employers, compensation, employment agreements, and the workplace. Employee Responsibilities In the absence of contrary provisions in the contract or circumstances, employees are personally accountable for fulfilling their job duties, and no other individuals are authorized to perform their work on their behalf. Employees are required to…
Debt restructuring through consensus in Turkey, governed by the EBC (Enforcement and Bankruptcy Code), is a method seldom employed. In this intricate process, financially beleaguered companies extend an invitation to their creditors, urging them to settle matters through a meticulously crafted ‘restructuring plan.’ The caveat: this plan must secure the consent of a simple majority…
Bankruptcy is a well-established recourse for addressing insolvency in Turkey, offering a structured approach to ensure the equitable satisfaction of creditors while protecting financially distressed debtors from potential exploitation. In Turkey, the concept of bankruptcy applies to both personal and commercial debts, primarily targeting individuals and entities legally categorized as “merchants” or “tacir” under the…
In Turkey, the concept of “Concordat” serves as a practical alternative to bankruptcy, offering a lifeline for individuals and businesses facing financial distress. A Concordat agreement, once approved by the competent commercial court, carries binding implications for all of the debtor’s creditors, regardless of their initial stance on the agreement. Eligibility for Concordat is open…
In 2018, the Turkish regulatory landscape welcomed the concept of “financial restructuring” as a lifeline for distressed businesses that play a vital role in employment generation and contribute positively to the economy. According to data released by the Banks Association of Turkey, as of September 2022, a total of 357 corporate debtors, with a collective…
