Public-private partnerships (PPPs) are cooperation agreements between public and private sectors for providing public services traditionally provided by the state and funded by taxpayers. These partnerships involve sharing investments, risks, liabilities, and revenue between the parties, ensuring public welfare by addressing economic challenges in essential sectors. PPPs offer an alternative approach to traditional state-financed projects, allowing faster and more efficient construction of large-scale projects.

Baker McKenzie’s Turkish affiliate law firm Esin Attorney Partnership, working with Covington & Burling, has advised ACWA Power on the debt and ownership restructuring of its Turkish affiliate ACWA Guc. Paksoy and Milbank reportedly advised the lenders.

CCAO has advised Konfrut on its acquisition of 50% of the shares in Raz Food and Agriculture via a capital increase.

Baker McKenzie and its Turkish affiliated firm Esin Attorney Partnership have advised Eregli Demir ve Celik T.A.S. (Erdemir) on its issuance of USD 950 million 8.375% senior notes due 2029. White & Case and its Turkish affiliated firm GKC Partners advised the managers.

On July 29, 2024, in the Official Gazette No. 32616, Türkiye’s International Direct Investment (‘‘IDI’’) Strategy for the period 2024-2028 was announced to the public. This strategy aims to move Turkey to a stronger position on the global investment map by setting Turkey’s goals and priorities in the field of international direct investments and targets to create a comprehensive support mechanism to reduce the obstacles faced by investors in Turkey and to provide solutions to their needs.

AECO Law has advised Aluflexpack AG on its acquisition of the remaining 20% stake in Teko Aluminyum Sanayi A.S. Egemenoglu advised the seller.

Former Ozbay & Okumus Partner Umut Rasim Ozbay has joined Gen Temizer Erdogan Girgin Attorney Partnership as a Counsel.

Paksoy, working with Linklaters, has advised DP World on establishing a partnership with Evyap Group. Herguner Bilgen and Guzeldere Balkan Gocen reportedly advised Evyap.

Taylor Wessing, Stratulat Albulescu, and Moral Kinikoglu Pamukkale, working with PedersoliGattai, have advised Sennder Technologies on the acquisition of the European surface transportation operations of C.H. Robinson Worldwide. HVG Law reportedly advised C.H. Robinson.

Aslihan Evcimen has joined Saint-Gobain as their Country Legal Director in Istanbul, Turkiye.

In line with the recent developments across the world, the National Artificial Intelligence Strategy 2024-2025 Action Plan (“Action Plan“) was published, prepared in cooperation with the Presidential Digital Transformation Office of the Republic of Türkiye and the Ministry of Industry and Technology, and in line with the opinions of various public and private actors and nongovernmental organizations (“NGOs“), to advance Türkiye’s framework on artificial intelligence practices and strengthen its global position in terms of artificial intelligence.

Gen Temizer, working with Latham & Watkins, has advised Limak Cement on its global Rule 144A/Reg S issuance of USD 575 million 9.750% notes due 2029. Merrill Lynch and Morgan Stanley acted as joint global coordinators and joint bookrunners and ING Bank acted as joint bookrunner. White & Case and its Turkish affiliate law firm GKC Partners advised the joint bookrunners.

Turunc has advised Gelecek Etki Fonu on its investment in Mindsite.

White & Case Turkish affiliate law firm GKC Partners has advised Ronesans Holding on its acquisition of Rabobank from Rabobank International Holding. A&O Shearman's Turkish affiliate Gedik & Eraksoy advised Rabobank.

Taylor Wessing has advised VakifBank International on the implementation of a core banking system.

Paksoy, working with Gibson Dunn, has advised H.I.G. Capital on its acquisition of Valeo’s thermal commercial vehicles division.

Turunc has advised Pollet Medical Group on obtaining the approval of the Turkish Competition Board for the majority acquisition of Farmasol.

Due to the importance of disclosure of compliance with sustainability principles in evaluating the performance of companies, to ensure transparency, comparability, and reliability of the disclosures made within the scope of environmental, social, and governance (ESG) considerations, regulations have been introduced in the Turkish legal system.