With its resolution numbered i-SPK.35.B.1 (dated 19 September 2024 and numbered 1484) (the “Resolution“), the Capital Markets Board (the “CMB“) clarified the legal status of non-fungible tokens (“NFTs“) and crypto assets used in virtual games.

White & Case and its Turkish affiliate GKC Partners have advised Pegasus Airlines on its USD 500 million Eurobond issuance with Citigroup Group Markets Limited and Morgan Stanley & Co International as the joint global coordinators and joint bookrunners and J.P. Morgan Securities, HSBC Bank, SMBC Nikko Capital Markets Limited, and BCP Securities as the joint bookrunners. Baker McKenzie and its Turkish affiliate Esin Attorney Partnership advised the joint global coordinators and joint bookrunners.

Sakar Law Firm, working with DLA Piper’s Canada office, has advised EMX Royalty Corporation on secured debt financing for a transaction with the Franco-Nevada GLW Holdings Corp.

Kinstellar and its Turkish affiliate KST Law, working with Bowmans, have advised Quexco Incorporated on its USD 110 million acquisition of Mutlu Aku from Metair International Holdings Cooperatief. Linklaters, working with Webber Wentzel and Taboglu, advised Metair.

Turunc, working with Greenberg Traurig, has advised Riverwood Capital on its investment in Picus Security. White & Case reportedly advised Picus Security.

Aksan has advised the selling shareholders including Horoz Lojistik on the sale of Horoz Bollore to Bollore Logistics.

In recent years, in-house legal teams have faced growing pressure to manage budgets more effectively while maintaining high standards of service. In this article, I will share best practices for managing legal budgets, and address trends, challenges, and strategies that have shaped the budgeting landscape for in-house legal teams.

M&A transactions involve numerous legal, financial, and operational challenges. As in-house counsel, we are responsible for businesses’ right risk allocation and risk mitigation, while we bear significant responsibility in ensuring the deal progresses smoothly and can be closed successfully. Given this high responsibility, effective collaboration with external counsel is crucial to navigating these high-stakes deals and ensuring a smooth and successful transaction. Drawing from my experience, I will share best practices for selecting, collaborating with, and managing external counsel during M&A projects to achieve optimal outcomes and make your life easier in the post-closing and integration stages.

Hewlett Packard Enterprise Director & Associate General Counsel Yota Kremmida shares her strategies for effectively managing a diverse, geographically dispersed team through remote work.

Selin (Evrem) Pattni is the Head of Legal Global Purchasing and Supply Chain Operations of Henkel, and she is also on the Executive Committee of Henkel Global Supply Chain B.V. located in Amsterdam, the Netherlands. Selin reflects on her own career path and on strategies for training and developing her in-house team.

An act of “whistleblowing” is usually defined in different vocabulary within the frameworks of management sciences and law perspective. A whistleblowing act happens when a person within or outside an organization, holding sensitive information regarding illegal, unethical, or abusive activities, or any action creating a risk to harm the organization, decides to speak out, to internal or external authorities. Whistleblowers are essentially the messengers who convey the information they have somehow acquired.

Whistleblowing transcends being a mere procedural checkbox – it is a lifeline for organizational integrity and accountability. It serves as a crucial mechanism for employees, business partners, and third parties to report unethical practices, illegal activities, or violations of company policies within their organizations.

Burcu Dal Gokalp has joined Guner Law as Partner.

In September 2024, Kinstellar announced that NLB's acquisition of Summit Leasing Slovenia (as reported by CEE Legal Matters on December 14, 2023) has now closed.

Paksoy has advised ACG Acquisition Company on its acquisition of Polimetal.

Kinstellar and its Turkish affiliate KST Law have advised Eleven Fund III Cooperatief on its USD 1.1 million seed investment in Magfi. May Law Office advised Magfi.

Turunc, working with DLA Piper's Atlanta office, has advised ICV Partners on its sale of Horizon Air Freight to GHK Capital Partners. Davis Polk & Wardwell reportedly advised the buyer.

Aksan Law Firm has advised Livzym Biotechnologies on a recent investment round led by Lallemand via its Swiss affiliate Danstar Ferment.