Communiqué on Lease Certificates (Sukuk)

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A recent communiqué regarding lease certificates has been published on the Official Gazette dated 07.06.2013 and numbered 28670. The communiqué numbered III-61.1 (“Communiqué”) regulates the matters such as the guidelines for determining the lease

certificate classes; establishment, articles of association of the ALC and rights, assets which can be acquired by these companies.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Burak Gencoglu, PwC Turkey | Attorney Advertising

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