herdem

Turkish Project Finance Perspective, Indirect guarantees in Project Finance: Take-or-pay contracts, throughput contracts and tolling contracts

April 6, 2025September 3, 2013

Long term contracts with output purchasers are the source of cash flow by which the lenders may be paid. Take-or-pay contracts, throughput agreements and tolling agreements are in substance guarantees of cash flow for the project. In a take-or-pay contrac

Wet Lease Agreements: Ideal Solution for Start-up Airlines

April 6, 2025January 9, 2010

A wet lease is a leasing arrangement whereby the lessor (ie, an airline or aircraft operator) provides an aircraft, along with its crew (either complete or only cockpit crew), maintenance and insurance (both hull and third-party liability), to a lessee (i

Money Laundering, Asset Forfeiture and Recovery and Compliance Country Report: Turkey in the year 2012

April 6, 2025January 1, 2010

Turkey, even restructured its banking sector several times, has still not made sufficient progress in money laundering and compliance legislation for improvement of the inspection obligations. In particular due to its location bridging Europe to Asia attr

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