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Increasing Demand on Personal Loans in Turkey


Safak Herdem; HERDEM Attorneys At Law;
Legal Alert/Article
April 16, 2015
In recent years, Turkey has seen a boost in the use of loans both in individual and in corporate level. Apparently, Turkish households took out loans to afford their expenses like never before in the past couple of years. The rapid increase in loans is not the only problem. Apart from loans, there...

 

HTMLCuyahoga County's New Requirement Regarding Escrow Advances
Larry R. Rothenberg; Weltman, Weinberg & Reis Co., L.P.A.;
Legal Alert/Article
April 15, 2015, previously published on April 15, 2015
The Cuyahoga County, Ohio, Court of Common Pleas has announced a change in the court's foreclosure procedures pertaining to a mortgage holder's unreimbursed escrow advances.

 

HTMLWithout Authority, Mortgagor Cannot Oppose Foreclosure Sale
Edward J. Levin; Gordon Feinblatt LLC;
Legal Alert/Article
April 15, 2015, previously published on January 2015
In Tower Oaks Blvd., LLC v. Procida, 219 Md. App. 376, 100 A.3d 1255 (2014), the Court of Special Appeals affirmed an order of the Circuit Court for Montgomery County denying a stay of a foreclosure sale because the people with authority to take action on behalf of the mortgagor had not acted to...

 

HTMLHelicopters, UK Cape Town Ratification and English Insolvency Law - Best Leave Well Alone?
Matthew Harvey, Matthew Harvey; Dentons Canada LLP;
Legal Alert/Article
April 15, 2015, previously published on February 16, 2015
The UK is to ratify the Cape Town Convention and its Aircraft Protocol (together, Cape Town). This may help UK aircraft operators access cheaper capital markets funding. But that cheaper funding may require the UK, in effect, to adopt Cape Town's "Alternative A" insolvency regime. Section...

 

HTMLDebt Ceiling 2015: When Hitting the Limit Isn't Really the Limit
McDonald Hopkins LLC;
Legal Alert/Article
April 15, 2015, previously published on March 20, 2015
The seemingly never ending fight over raising the debt limit should be in full swing - the U.S. legally hit the amount it is able to borrow on Monday of this week. Thanks to a series of steps the Treasury Department can take, however, Congress has until October or November of this year to act to...

 

HTMLShips That Pass in the Night? Will the FCA's Recent Guidance on Retail Investment Advice Have Any Impact on Mis-Selling Litigation?
Richard Caird, Alexandra Doucas, Felicity Ewing; Dentons Canada LLP;
Legal Alert/Article
April 15, 2015, previously published on February 26, 2015
The FCA has recently published Finalised Guidance 15/1 (the Guidance), which promises to consolidate existing sources of guidance on retail investment advice, and to clarify what does and does not amount to advice or a personal recommendation in that context. The significance of that question is,...

 

HTMLCrowded House
Rosali Pretorius; Dentons Canada LLP;
Legal Alert/Article
April 15, 2015, previously published on February 13, 2015
Post-financial crisis, many small businesses, unable to get bank financing in the wake of the tightening of bank capital rules, turned to crowdfunding. At that time, crowdfunding was largely unregulated. In the last three years or so, several regulators implemented rules to regulate the rapidly...

 

HTMLBitcoin: Is It a Viable Security Asset?
Martin Fanning, James Marsden, Adam Pierce; Dentons Canada LLP;
Legal Alert/Article
April 14, 2015, previously published on March 31, 2015
In its short history, Bitcoin has generated a huge amount of commentary and has polarised views. Some see it as a game-changing, revolutionary form of currency. Others find it hard to see beyond its undoubted immediate problems, in particular its volatile value and its lack of regulation and...

 

HTMLFDCPA Concerns for Debt Buyers and Related Impact on Debt Settlement Firms
Christopher R. Rahl; Gordon Feinblatt LLC;
Legal Alert/Article
April 14, 2015, previously published on March 2015
The Fair Debt Collection Practices Act (“FDCPA”), among other things, bans all false, deceptive, misleading, and unconscionable debt collection practices, including any false representations concerning the “character, amount, or legal status” of a debt. Three recent...

 

HTMLNew Resolutions No. 160 and No. 161 of the Board of the National Bank of Ukraine (“NBU”) Dated 3 March 2015 Enter Into Force as of 4 March 2015.
Natalia Selyakova; Dentons Canada LLP;
Legal Alert/Article
April 14, 2015, previously published on March 4, 2015
Resolution No. 160 was adopted to replace the earlier “anti-crisis” Resolution of the NBU No. 758 dated 01 December 2014, as amended, that expired on 3 March 2015. As a general matter, the Resolution prolongs the previously effective anti-crisis measures and introduces several new...

 


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