Mesajı Okuyun
Old 04-04-2013, 16:03   #1

Mahçup 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.