A Loss in the Fund Crisis Is Not a Single Legal Event

The loss suffered in the fund crisis is not a single legal event. The fall in the value of fund units, the failure to execute a sale order, the non-payment of the proceeds of an executed sale, the non-return of custodied assets and the incorrect construction of the liquidation account are separate doors; behind each door waits a different counterparty, a different time limit and a different document.

The first step in seeking your rights is knowing which door you are standing in front of. There is a multi-layered map of remedies ranging from administrative applications to the Capital Markets Board and damages actions to Investor Compensation Centre procedures and criminal complaints; each has a different counterparty, time limit and burden of proof.

My book Legal Remedies for Investors Harmed by the Fund Crisis, in which I try to open these doors one by one and explain what can be claimed at each, from whom and until when, will be published very shortly by Seçkin Yayıncılık. I hope it proves useful.