Baker McKenzie’s Turkish affiliate Esin Attorney Partnership has advised Denizbank on its USD 109 million loan from the EBRD. Reportedly, Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership advised the EBRD.
The loan is within the scope of the Turkiye Disaster Response Framework. According to Esin, the framework was “launched in the aftermath of the earthquakes that caused more than 50,000 fatalities and more than USD 100 billion in damage to the Turkish economy. The loan will help to ensure financial access for the region’s businesses facing these challenges while recovery and reconstruction efforts are underway.”
The Esin Attorney Partnership team included Partners Muhsin Keskin and Simon Morgan and Associate Seray Karaalp.