Turkish companies granted one-year concordat periods for debt restructuring

Several Turkish companies have been granted one-year concordat periods by commercial courts to facilitate debt restructuring.

In Konya, the 1st Civil Court of Commerce granted Konel Elektronik A.Ş. a one-year definitive concordat period starting September 23, 2026. The company, which produces elevator control cards and electronic components for export to over 40 countries, will continue its operations through its production facilities in Konya, its technology development center, and its Istanbul branch. Abdulkadir Çetin will continue as the concordat commissioner.

In Bursa, the 1st Civil Court of Commerce granted a one-year definitive concordat period starting July 14, 2026, to Alya Meyve ve Gıda Üretim Pazarlama San. ve Tic. Ltd. Şti. and ALN Fruit Gıda San. ve Tic. AŞ, along with Ceyhun Gündüz. Creditors have been instructed to report their claims, including principal and interest, within 15 days of the announcement. Financial expert İsmail Arı has been appointed as the concordat commissioner for this case.