04-04-2013, 16:03
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#1
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Legal cause - Interest rate
Dear all,
I was recently involved as a attorney into a case for collecting a debt of money arose from the loan agreement (non-commencial). The case faced with a conficts of law and therefore it was recognised that a substantial law of Republic of Turkey must apply.
The questions are:
1) What is the legal cause to apply interest rate for non-payment? (i.e. art. of the Turkish Code of Obligation)
2) What article defines a rate of interest? (Turkish Code of Obligation and/or special law).
Many thanks to anybody for answers.
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