The construction contract in an international project financing serves to give the project company a fully completed and equipped facility. In addition, it provides for delivery by the contractor of a facility that satisfies specified performance criteria

The year 2011 was introduced as a “revolution year” in Turkish commercial life since the new commercial law was expected to regulate from A to Z in commerce however during the time elapsed several amendments and changes in effectiveness of the particular

The aviation industry has grown up in Turkey after 2002 with the liberalization policies in the market. This potential has attracted the foreign investment to this fast-growing industry even the rules and regulations allows to the certain limits. Not only

Sharia compliant non-interest paying Islamic instruments, Sukuk is on the rise throughout the global financial markets. The volume of the global Sukuk market which is currently led by Malaysia, has already reached a volume of 1.5 trillion dollars and this

Seaplanes are emerged as an alternative solution, by combining seaway and airway, for inland and overseas transportation with a variety of commercial roles and usages in order to expand the limits of transportation. Seaplane gives the opportunity to opera

The management of a company is one of the most crucial issues for private equity funds since it is the value of the acquisition itself. As a key component of funding by a private equity, the management refers to controlling of daily business. In this cont

It is very common in Turkey that the companies, specifically from some certain industries such as textile, retail i.e having long term trade relations apply to running account relations which enables the buyer to obtain goods up to the limit and to deduct

Risk and the risk mitigation instruments have been assessed in order to ensure flexibility in the view of Project Sponsors and Project Company and these elements have been examined in detail according to project finance documental phases and project finan

Principally, the Turkish civil aviation legislation is prepared by two authorities in Turkey: Directorate General of Civil (“DGCA”) and the General Directorate of State Airports Authority (“GDSAA”). DGCA regulates and ensures the development of th

Due to technical developments and progress in international economic and political relations, air transportation has become the travel method of choice worldwide. However, despite these developments, the possibility of aviation accidents – and therefore