Paksoy has advised the joint bookrunners on Vestel Elektronik's USD 450 million issuance of fixed-rate senior guaranteed notes due 2029. White & Case and local affiliate GKC Partners advised Vestel Elektronik.

The Gen Temizer Erdogan Girgin Attorney Partnership has advised Eleven Ventures on its investment in Estonian start-up Cognitiwe.

Paksoy, working with Herbert Smith Freehills, has advised the joint lead managers of QNB Finansbank's USD 500 million issuance of 2029 bonds. Mayer Brown reportedly advised the issuer.

Paksoy, working with Mayer Brown, has advised Turk Ekonomi Bank on its EUR 100 million issuance of tier 2 notes due 2034, invested by the International Finance Corporation. Gedik & Eraksoy, working with Allen & Overy Shearman, reportedly advised the IFC.

Norton Rose Fulbright affiliate law firm Pekin Bayar Mizrahi has advised the shareholders of Sincanli Tractor on the sale of shares to TVH Parts. Baker McKenzie's affiliate law firm of Esin Attorney Partnership advised TVH.

Former Managing Associate Dila Topuz has been promoted to a Partner position with Istanbul's Gen Temizer Erdogan Girgin Avukatlik Ortakligi – with the firm itself recently announcing the name change from the previously used Gen Temizer Ozer.

Paksoy has advised Koton founding shareholders Yilmaz Yilmaz and Gulden Yilmaz on the company's IPO. Baker McKenzie Turkish affiliate Esin Attorney Partnership worked on the transaction as well.

Former Ciftci Attorney Partnership Counsel Deniz Gocuk has been promoted to a Partner position within the Istanbul-based Clifford Chance affiliate law firm.

Ever since Booking.com’s activities had been suspended in Turkey by a court decision upon “unfair competition” claims raised by the Association of Turkish Travel Agencies (TURSAB), new regulations were anticipated in the short-term lease sector dominated by Airbnb, as unregistered and untaxed rental income obtained from short-term rentals has been a matter of discussion for a long time.

Paksoy has advised Iyzico on the acquisition of Paynet from Arena Bilgisayar. Baker McKenzie Turkish affiliate Esin Attorney Partnership advised the sellers.

Turunc's Yasemin Erden – a Partner at the firm for the past two years – has moved to an Of Counsel position within the Istanbul-based outfit. 

Norton Rose Fulbright Turkish affiliate Pekin Bayar Mizrahi has advised the founder of Derivex Teknoloji on the sale of a minority stake in the company to the Startup Burada VC fund. Atar Avci advised the buyer.

The Aksan Law Firm has advised SuperGears Games on its recent investment round led by The TMRW Foundation.

Allen & Overy and Shearman & Sterling have announced the appointment of David Foster as the new Regional Managing Partner for the Middle East, Turkiye, and Africa for the combined A&O Shearman firm, starting May 1, 2024. He will serve an initial term of two years.

On the evening of April 25, 2024, the Deal of the Year Awards Banquet brought together, under the same roof, top-tier lawyers from Central and Eastern Europe's leading law firms in the region in Warsaw.

Former Senior Legal Counsel Can Aksoy has been appointed as Delivery Hero's Principal Legal Counsel M&A.

Former Turkiye Finans Katilim Bankasi Head of Legal Advisory Mehmet Tekergul has moved to the Alternatif Bank as Head of Legal.

Contributed by Nazali Tax & Legal.