Performance of Monetary Obligations

Payment of a monetary obligation requires attention to currency, creditor, maturity, and allocation as well as amount. Turkish-lira and foreign-currency debts may engage different provisions. Payment to an intermediary or different account requires separate establishment of authority and the connection to the debt.

Currency and Payment Method

Contractual terms must be assessed particularly under Article 99 of the Turkish Code of Obligations. Payment in the agreed foreign currency may be required; late payment may affect election rights. Special restrictions on foreign-currency contracts may also apply. Bank transfer, cash, cheque, and issue of an instrument do not have identical discharge effects.

Principal, Interest, and Expenses

Allocation of payment is not determined solely by an account schedule prepared later. Statutory allocation rules and valid explanations must be examined. Partial payments require period calculations by date. Transfer costs, exchange differences, and accrued interest need a separate legal basis; items must not be concealed in one figure.

Payment Security and Evidence

Correct account details, collection authority, and receipt scope must be checked. If the claim was assigned, the notification date matters. Return of instruments or security documents after payment may also arise. We match money movements with the contract, separately showing debts discharged, balances, and any overpayment allegation.

Documents That May Be Prepared for the Initial Review

• The contract specifying currency
• All bank transactions
• Allocation explanations
• Instrument and security records

Submit Your Matter

File review and representation are paid services. Scope and fees are agreed in writing before work begins.