Paskoy has advised Ziraat Katilim on its entry into a EUR 250 million murabaha syndicated loan agreement with the participation of Bank ABC, Dubai Islamic Bank PJSC, Emirates NBD Capital Limited, Standard Chartered Bank, and Warba Bank. Dentons reportedly advised the afore-mentioned banks involved on the loan agreement.

Translation works, which were created by transferring the intellectual artwork created in one language into another one, are preserved and considered as a work in today’s laws. This is undoubtedly due to the fact that translation works are results of intensive work and labor. Although translators are working on the basis of the original work, they are adapting the original work to another language by transferring information from their previous experiences. In this regard, it is an undeniable fact that translations should be evaluated as a separate work independently from the original work.

Medical intervention is defined as actions taken by medical institutions, physicians and medical personnel in order to diagnose, cure and prevent diseases. Medical intervention notion has a wide variety from curing or preventing an ailment to fulfilling a request relating to an aesthetic matter.

Gide Loyrette Nouel has advised Kyu Investment UK Limited, a strategic operating unit of Hakuhodo DY Holdings, on the acquisition of a controlling stake in ATOLYE Yaratici Proje Gelistirme Egitim Danısmanlik Tasarim Hizmetleri ve Ticaret A.S. The Yilmaz Law Office advised ATOLYE.

Paksoy has advised the PSA Group on taking over the distribution of Citroen brand vehicles in Turkey from Baylas Otomotiv. The Esin Attorney Partnership advised Baylas Otomotiv on the sale, which was signed on January 26, 2019.

Mayer Brown and Yazici Legal have advised Vakifbank on its March 28, 2019 USD 600 million eurobond offering, made under its USD 7 billion Global Medium Term Note Program. Allen & Overy and Paksoy advised the book-runners on English and United States law.

The authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, has been given from the Ministry of Economy to the Ministry of Trade (“Ministry”). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.

The reasoned decision¹ of the Turkish Competition Board (the “Board”) concerning the  preliminary investigation initiated by the Turkish Competition Authority (the “Authority”) against four movie producers and their professional union has been published on the official web-site of the Authority on March 8, 2019 (the “Reasoned Decision”).

Paksoy has advised Ziraat Bank, the largest state-owned bank in Turkey, on a syndicated loan in the amount of USD 1.425 billion it has received from forty banks in twenty-two countries. The Esin Attorney Partnership and Baker McKenzie advised the lenders on the deal.

Gide and its Turkish associated firm Ozdirekcan Dundar Senocak have advised Ak Gida Sanayi ve Ticaret A.S., the Turkish affiliate of Lactalis, on the acquisition of two dairy production facilities in Izmir from the Gurler Group.

Turunc, working with global counsel Travers Smith, has advised IT company Micro Focus on the USD 2.535 billion sale of SUSE, its open-source software business, to Swedish private equity group EQT Partners. Latham & Watkins and Milbank, Tweed, Hadley & McCloy advised the buyers on the acquisition.

Join  the 2nd UK Turkish Overseas Investment Forum, 26 Apr 2019 - London, UK

Join the 7th Invest in Turkey Forum  - 25th  April, Woldorf Hitlon Hotel,  London.

Turkish lawyer Burcu Okyay has been appointed Partner at the Bener Law Office in Istanbul.

Balcooglu Selcuk Akman Keki Attorney Partnership and Dentons have advised Koc Holding A.S., Turkey's largest holding company, on its issuance of USD 750 million 6.500% Notes due 2025. Gedik & Eraksoy and Allen & Overy advised the joint bookrunners Bank of America Merrill Lynch, Citigroup, and J.P. Morgan.

Former Yazici Legal Partners Gunes Yalcin and Omer Gokhan Ozmen have joined Akol Namli & Partners.

Paksoy has advised Russia's VTB Bank on Turkish law aspects of its loan of RUB 10.2 billion (approximately USD 155 million) to Ronesans Holding for, among other things, the partial financing of its Neva Towers housing development project.

Pursuant to the Turkish Data Protection Law which aims to provide data security, it has set some rights and obligations to specific subjects. Those subjects fall into three categories: data subject, data processor and data controller. Data subject expresses a real person whose data is processed; data controller is defined as the real or legal person that determines the objectives and tools of processing of the personal data, and is responsible for the establishment and management of a data recording system; data processor is defined as the real or legal entity that processes the personal data, with the authority bestowed by the data controller, and in the name of the data controller. Data Protection Law sets forth essential responsibilities for data controllers, as follows: