Trying to recover from the currency shock in 2018, the Turkish financial markets are open for business in 2019 stimulated by governmental intervention in the form of changes in the withholding tax rate and the introduction of the Framework Agreement regarding financial restructurings in Turkey. Our newsletter highlights these recent regulatory developments of interest as well as the proliferation of the "Covenanted Eurobond" in Turkey.

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The LevFin newsletter was authored by Erdal Ekinci and Muhsin Keskin of Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Ian Jack of Baker McKenzie's London office.

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