Turkey courts issue concordato rulings for dozens of firms in Gaziantep and Bursa

On July 24, 2026, the Gaziantep Commercial Court announced new concordato decisions for 30 companies and their owners, including temporary and final moratoriums, rejections, and the scheduling of a creditors' meeting on August 3. The affected firms span textile, food, energy and construction sectors, with notable names such as Flament Tekstil, Mavşanoğlu İnşaat Nakliyat, Elez Gıda and PVTech Enerji.

In Bursa, the 1st Commercial Court's Concordato Commission published a notice requiring creditors to submit claims within 15 days for three companies and three individuals, citing earlier temporary and one‑year final moratoriums granted to entities like Maresen Otomotiv Lastik, Mar‑Esen Plastik Makine and Minda Yapı İnşaat. The bulletin detailed the documentation required, the handling of foreign‑currency claims based on the Central Bank's effective rate, and warned that missed submissions would forfeit creditor rights.