ERDEM-NEWSLETTER-2018-metin

289 ENFORCEMENT AND BANKRUPTCY LAW of the decision on the dismissal of the request or approval of the com- plaint. Law numbered 7078 regulates that the actions of annulment of objection, or removal of objection on the proceedings without a court ruling, shall be dismissed upon request upon the reason of having no basis to render a decision on the matter. Accordingly, proceedings and litigation costs, in addition to the counsel’s fee, shall be paid by the parties, and the file of proceeding shall be returned to the execution of- fice. Upon the finalization of this decision, the proceedings regulated under subparagraph 1 of the related Article shall be followed. Conclusion In order to improve the investment environment, significant amendments have been made through EBL numbered 2004. The most vital alterations made within this context are the abrogation of the institution of the suspension of bankruptcy, reorganization of the institution of concordat in a more effective manner, definition of the temporary concordat term, regulation of the duties and authorities of the concordat commissar and the board of creditors, enabling the sale of goods and rights as a whole that constitute an economic entirety, or which appear to yield a higher income when sold as a whole, shorten- ing of certain periods on the liquidation of bankruptcy, and the changes on the provisions of the execution proceedings on the subjects under the scope of administrative jurisdiction.