Turkey Passes Law Governing Liquidation of Frozen Investment Funds
Parliament approved a framework for repaying investors, but compensation remains uncertain for many savers whose money has been locked up for more than a month.
Turkey’s parliament approved legislation setting out how frozen investment funds are to be liquidated. However, the law leaves compensation uncertain for many investors whose savings have been inaccessible for more than a month. Passed on Thursday evening, the law establishes a framework for repayments…