UNDER THE NECESSITY DOCTRINE, THE PAYMENT OF A DEBT SUBJECT TO A CONCORDAT PROJECT BEFORE THE APPROVAL DECISION

Abdulkadir Haşhaş

Article Details

UNDER THE NECESSITY DOCTRINE, THE PAYMENT OF A DEBT SUBJECT TO A CONCORDAT PROJECT BEFORE THE APPROVAL DECISION

Authors:

Abdulkadir Haşhaş

Publisher:

Dokuz Eylul University

Main Topics:

Medeni Usul ve İcra İflas Hukuku

Journal:

Dokuz Eylül Üniversitesi Hukuk Fakültesi Dergisi Vol.26 Issue 1, pp.557-586

Document Type:

Article

Publication Date:

5/2024

Document Language:

Turkish

Document ID (Org No.):

2001318382

pISSN:

1303-6963

Keywords:

Abstract:

 In the method of restructuring, flexibility is of great importance, unlike in enforcement and bankruptcy liquidation. This flexibility, which does not imply arbitrariness, is essential for the existence and success of the restructuring method. In restructuring, flexibility and the ability to meet the specific needs of the case should be examined within the scope of whether the debtor can make payments before the approval decision for a debt subject to the concordat project. In the concordat procedure, which can be summarized as bringing the business back to health and continuing its activities to pay off debts, it is crucial that the activities of the debtor are not interrupted during the improvement process. Concordat creditors supplying goods or services to the debtor generally have the power to exert pressure that could disrupt the debtors activities. One way to prevent this negative situation, which could lead to the failure of the concordat process, is to allow payments to be made to critical suppliers. In this study, after explaining the concept of critical supplier, the development process of the concept in American Bankruptcy Law within the framework of the doctrine of necessity and criticisms directed at the doctrine have been examined. In the last part of the study, after examining the views on the payment of a debt subject to the project before approval in Turkish Concordat Law, our opinions on the issue are presented.

 In the method of restructuring, flexibility is of great importance, unlike in enforcement and bankruptcy liquidation. This flexibility, which does not imply arbitrariness, is essential for the existence and success of the restructuring method. In restructuring, flexibility and the ability to meet the specific needs of the case should be examined within the scope of whether the debtor can make payments before the approval decision for a debt subject to the concordat project. In the concordat procedure, which can be summarized as bringing the business back to health and continuing its activities to pay off debts, it is crucial that the activities of the debtor are not interrupted during the improvement process. Concordat creditors supplying goods or services to the debtor generally have the power to exert pressure that could disrupt the debtors activities. One way to prevent this negative situation, which could lead to the failure of the concordat process, is to allow payments to be made to critical suppliers. In this study, after explaining the concept of critical supplier, the development process of the concept in American Bankruptcy Law within the framework of the doctrine of necessity and criticisms directed at the doctrine have been examined. In the last part of the study, after examining the views on the payment of a debt subject to the project before approval in Turkish Concordat Law, our opinions on the issue are presented.

 In the method of restructuring, flexibility is of great importance, unlike in enforcement and bankruptcy liquidation. This flexibility, which does not imply arbitrariness, is essential for the existence and success of the restructuring method. In restructuring, flexibility and the ability to meet the specific needs of the case should be examined within the scope of whether the debtor can make payments before the approval decision for a debt subject to the concordat project. In the concordat procedure, which can be summarized as bringing the business back to health and continuing its activities to pay off debts, it is crucial that the activities of the debtor are not interrupted during the improvement process. Concordat creditors supplying goods or services to the debtor generally have the power to exert pressure that could disrupt the debtors activities. One way to prevent this negative situation, which could lead to the failure of the concordat process, is to allow payments to be made to critical suppliers. In this study, after explaining the concept of critical supplier, the development process of the concept in American Bankruptcy Law within the framework of the doctrine of necessity and criticisms directed at the doctrine have been examined. In the last part of the study, after examining the views on the payment of a debt subject to the project before approval in Turkish Concordat Law, our opinions on the issue are presented.

 Yeniden yapılandırma yönteminde, icra takibi ve iflâs tasfiyesinden farklı olarak, esneklik büyük bir öneme sahiptir. Keyfilik anlamına gelmeyen bu esneklik, yeniden yapılandırma yönteminin varoluşu ve başarısı için elzemdir. Yeniden yapılandırmada esneklik ve somut dosyanın ihtiyaçlarına karşılık verebilme kapsamında incelenmesi gereken konulardan bir tanesi de borçlunun konkordato projesine tâbi bir borç için tasdik kararından önce ödeme yapıp yapamayacağı sorusu etrafında şekillenmektedir. Temel amacı, işletmenin sağlığına kavuşturularak ve faaliyetlerine devam ederek borçlarını ödemesi şeklinde özetlenebilecek konkordato usûlünde, borçlunun iyileştirilmesi sürecinde faaliyetlerin kesintiye uğramaması gerekmektedir. Borçluya mal veya hizmet tedarik eden konkordato alacaklıları, prensipte borçlunun faaliyetlerini kesintiye uğratabilecek baskı gücüne sahiptirler. Konkordato sürecini başarısızlığa sürükleyebilecek bu olumsuz durumun gerçekleşmesini önleme yollarından bir tanesi de kritik tedarikçilere ödeme yapılmasına izin verilmesidir. Bu çalışmada, kritik tedarikçi kavramı açıklandıktan sonra, kavramın zaruret doktrini çerçevesinde Amerikan İflâs Hukukundaki gelişim süreci ve doktrine yöneltilen eleştiriler incelenmiştir. Çalışmanın son kısmında Türk Konkordato Hukukunda projeye tâbi bir borcun tasdikten önce ödenmesine ilişkin görüşler incelendikten sonra sorunla ilgili görüşlerimize yer verilmiştir.

Article Details

UNDER THE NECESSITY DOCTRINE, THE PAYMENT OF A DEBT SUBJECT TO A CONCORDAT PROJECT BEFORE THE APPROVAL DECISION

Authors:

Abdulkadir Haşhaş

Publisher:

Dokuz Eylul University

Main Topics:

Medeni Usul ve İcra İflas Hukuku

Journal:

Dokuz Eylül Üniversitesi Hukuk Fakültesi Dergisi Vol.26 Issue 1, pp.557-586

Document Type:

Article

Publication Date:

5/2024

Document Language:

Turkish

Document ID (Org No.):

2001318382

pISSN:

1303-6963

Concordat

Restructuring

American Bankruptcy Law

Effects of Concordat Moratorium

Enforcement and Bankruptcy Law.Konkordato

Yeniden Yapılandırma

Amerikan İflâs Hukuku

Konkordato Mühletinin Etkileri

İcra ve İflâs Kanunu

Issues

Article Details

Authors: Abdulkadir Haşhaş

Publisher: Dokuz Eylul University

Main Topics: Medeni Usul ve İcra İflas Hukuku

Journal: Dokuz Eylül Üniversitesi Hukuk Fakültesi Dergisi Vol.26 Issue 1, pp.557-586

Document Type: Article

Publication Date: 5/2024

Document Language: Turkish

Document ID (Org No.): 2001318382

pISSN: 1303-6963

Issues

Authors:

Abdulkadir Haşhaş

Publisher:

Dokuz Eylul University

Main Topics:

Medeni Usul ve İcra İflas Hukuku

Journal:

Dokuz Eylül Üniversitesi Hukuk Fakültesi Dergisi Vol.26 Issue 1, pp.557-586

Document Type:

Article

Publication Date:

5/2024

Document Language:

Turkish

Document ID (Org No.):

2001318382

pISSN:

1303-6963