Paksoy, working with Ashurst, has advised Samsung C&T, Korea Overseas Infrastructure & Urban Development Corporation, and KDB Infrastructure Investments Asset Management on the financial closing of the Nakkas-Basaksehir section of the Northern Marmara Highway Project.

White & Case's Turkish affiliate GKC Partners has advised the IFC on its subscription of QNB Turkiye's blue and green bond issuances.

Paksoy has advised on the USD 750 million inaugural sukuk issuance of the Turkiye Wealth Fund.

Clifford Chance has advised the joint bookrunners on Industrial Development Bank of Turkey's USD 350 million Rule 144A/Reg S issuance of 7.125% senior notes due 2029.

Paksoy, working with Freshfields, has advised the Abu Dhabi sovereign wealth fund ADQ on its acquisition of a 96% stake in Odea Bank from Bank Audi, EBRD, IFC, and other shareholders.

On October 22nd, the Court of Justice of the European Union (“CJEU”) issued a precedent-setting ruling in the Kolin Inşaat Turizm Sanayi ve Ticaret case (C-652/22 – the “Kolin case”). This is of crucial importance to contractors engaging or aiming to engage in the public procurement market of the European Union (“EU”), who originate from countries outside of the EU that are not party to international agreements with the EU which would formally admit such contractors to public tenders in the EU.

Keco Legal has advised Param on its acquisition of Nebim Yazilim from individual shareholders including members of the Sisa, Demiroglu, and Godek families. BTS Legal reportedly advised the sellers.

Former Baker McKenzie's Turkish affiliate Esin Attorney Partnership Senior Associate Ceyda Sila Cetinkaya has joined Merzigo as a Senior Vice President.

Paksoy has advised Roenesans Holding on its USD 350 million notes issuance of fixed-rate senior guaranteed sustainable notes due 2029. 

Turunc has advised Bogazici Ventures on its follow-on investment in Fiber Games in a round that also saw Arz Portfoy invest. Ulgen advised Fiber Games.

Turunc has promoted Beste Yildizili Ergul and Naz Esen to Managing Associates and appointed them to Co-Head of Employment and Co-Head of Corporate Advisory teams, respectively.

Turunc has advised Groupe Atlantic on obtaining approval from the Turkish Competition Board for its acquisition of a 50% stake in Eneko Havalandirma. Moral advised Eneko Havalandirma on the sale. Prokon reportedly advised Groupe Atlantic as well.

Paksoy, working with Wachtell, Lipton, Rosen & Katz, has advised Global Payments on its acquisition of Yazara Payment Solutions and its Turkish subsidiary SoftPos Teknoloji.

White & Case's Turkish affiliate GKC Partners has advised Akbank, ING Turkiye, MUFG Bank Turkey, QNB Finansbank, and Turk Ekonomi Bankasi on an approximately EUR 90 million loan to Temsa.

Aksan has advised Pharmacontract on obtaining clearance from the Turkish Competition Board for the acquisition of unspecified subsidiaries in Italy.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With industry-specific software emerging left and right, the legal industry was not left behind. To explore some of the trends in this regard, we asked: What are some of the specific legal tech platforms you use?

On May 28, 2024, the Turkish Medicines and Medical Devices Agency (Agency) took a significant step in regulating the healthcare industry by unveiling the draft Regulation on Promotional Activities of Medicinal Products for Human Use and Foods for Special Medical Purposes (Draft). This comprehensive Draft aims to address various aspects of promotional activities, ensuring that they are conducted in a manner that upholds scientific integrity and prioritizes patient safety.

It is unavoidable that the increasing population, traffic, industrialization, used wastes, etc. pollute nature and the environment. We, as human beings, should reduce environmental pollution for future generations. This is where alternative energy production comes into play.