Imposing and Lifting Asset Freeze in Turkey

An asset freezing can paralyze both your business and personal operations. As much as the order might limit your right of usage and access to your assets, you still have legal rights, which you can exercise. The responsibility to freeze an asset subject to targeted financial sanctions rests with the person or entity that holds the asset, for example the financial institution that holds the funds of a designated person or entity. If you consider that an asset that you directly or indirectly own or control has been frozen in error, you should contact the lawyer experienced lifting on asset freeze in the first instance.