The globalised world and developing technology have led to the updating of the finance sector. Following the developments, the financial sector has become of great importance in national and international dimensions. Therefore, banks and general financial activities are a part of our daily lives today. The set of rules to be applied in legal transactions and disputes arising in these areas is defined as banking and finance law. All domestic and international activities of banks are within the scope of this legal discipline.
What are the Services Provided in Banking and Finance Law?
Legal support requests in banking and finance law start with the counselling phase and continue through litigation proceedings. At this stage, the parties’ behaviour in the concrete case may be taken into consideration and a settlement may be reached. In the litigation processes, objections and defences can be presented within the framework of legal periods by being meticulously examined by expert lawyers. In addition, arbitration, which is a new way of solution, can quickly resolve such legal disputes.
What are the Disputes in Banking and Finance Law?
The discipline of banking and finance law incorporates many economic and commercial concepts. Examples of these include the documentation of financial packages of banks and financial institutions, restructuring processes and transactions such as loan agreements with consumers. Some of the disputes that can be handled in this legal discipline are as follows:
- The opening of the first branch of a local or foreign-based bank within the borders of the country,
- Share exchanges, mergers or demergers,
- Organisation of factoring and financial leasing transactions,
- Objections to the decisions regarding the partial or complete suspension of the activities of banks.