What is compensation law and why is it important?
Compensation law is the branch of law that regulates the compensation of material or moral damages suffered by an individual, paid by those responsible. In Turkey, compensation law is generally governed by the **Turkish Code of Obligations No. 6098** and the **Turkish Civil Code No. 4721**. This legal field comes into play in cases such as traffic accidents, workplace accidents, wrongful acts, breach of contract, or moral damages. Compensation law aims to remedy the losses of victims and ensure justice. It includes two main types: material compensation (e.g., medical expenses or loss of income) and moral compensation (e.g., emotional distress or loss of reputation).
Compensation law is the branch of law that regulates the compensation of material or moral damages caused by those responsible. In Turkey, it is governed by the Turkish Code of Obligations No. 6098 and the Turkish Civil Code No. 4721. It applies in cases such as traffic accidents, workplace accidents, or wrongful acts.
A compensation lawsuit can be filed in cases that result in material or moral damages. Examples include traffic accidents, workplace accidents, breach of contract, wrongful acts, or loss of reputation.
Material compensation covers tangible losses such as medical expenses or loss of income. Moral compensation aims to remedy intangible damages such as emotional distress, psychological harm, or loss of reputation.