Refund Instructions in Funds Under Liquidation and the Investor’s Legal Remedies
Where the Capital Markets Board of Türkiye (CMB / SPK) decides to liquidate an investment fund, the inability to satisfy participation-share holders’ redemption (refund) requests on time gives rise to serious legal disputes in practice. When the fund’s cash position and portfolio liquidity are insufficient to meet accumulated redemption requests promptly, investors are left asking […]
