Dentons’ Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Layer as well as the investors on Layer's latest investment round.
In Search of a New Energy Normal (Part 1)
In the past twelve months, energy prices seem to have taken a life of their own. Their continued and, at times, shocking growth has raised concerns across the region and prompted differing responses and policy changes in each country. To get a more accurate picture of recent developments, we reached out to experts in Bulgaria, the Czech Republic, Moldova, Montenegro, Poland, and Turkey and asked them about the current energy prices, their impact on local economies, the drivers behind their growth, and whether any plans were in place to address the issue.
Sinem Ugur Joins Metro as Head of Competition & Compliance in Germany
Turkish lawyer Sinem Ugur has joined Metro AG in Dusseldorf as the company's Head of Competition & Compliance.
Pekin Bayar Mizrahi Hires Maral Celepyan Avsar as Partner
Norton Rose Fulbright's affiliated law firm in Turkey Pekin Bayar Mizrahi has hired former Pekin & Pekin Partner Maral Celepyan Avsar.
Metaverse: What’s Law Got To Do With It?
Metaverse is not a product or a game. It was not created by a single company. Rather, it is a worldwide 3D network where companies, information and communication tools are comprehensive and interoperable. - Prof. Scott Galloway, University of New York
On a New Adventure: Patricia Gannon Announces Platforum 9
CEE Legal Matters readers will likely be familiar with Patricia Gannon as one of the founders of Karanovic & Partners. Since her withdrawal from the firm (reported by CEE Legal Matters on September 21, 2020), Gannon ran her own "holistic strategic advisory business" (as reported on October 12, 2020) and, recently, she announced she is working on a new social media app for lawyers – Platforum 9. We caught up with her to learn more about her new project.
The Buzz in Turkey: Interview with Nilay Duran of Nazali
A vibrant technological ecosystem, driving massive amounts of M&A transactions in Turkey and continuing the trend of 2021 well into this year, is the most important recent takeaway, according to Nazali M&A Partner Nilay Duran.
A Decision on the Welding Sector: How the Turkish Competition Board Uses Economic Analysis in the Presence and Absence of the Evidence of Communication among Competitor Undertakings?
The Turkish Competition Board’s (the “Board”) decision on whether undertakings that are active in the welding sector violated Article 4 of the Law No. 4054 on the Protection of Competition (“Law No. 4054”) by way of determining their prices together has been published.[1]
Okan Arican Joins BASEAK as Partner
Former BTS & Partners Partner Okan Arican has joined Dentons’ Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership as a Partner in the firm's Corporate and M&A practice.
Approval of the Amendments to the ICSID Rules
On March 21, 2022, Member States of the International Centre for Settlement of Investment Disputes (“ICSID”) approved a comprehensive set of amendments to the ICSID’s flagship rules for resolving disputes between foreign investors and their host States, after a five-year long process. This marks the fourth time the ICSID rules have been updated. Also, this is the most extensive review until now, as also explicitly acknowledged by the ICSID. The amendments will come into effect on July 1, 2022 and will apply to arbitrations commenced from that date onwards.
Suciu Popa and CMS Advise on Ford's Sale of Craiova Plant to Ford Otosan
Suciu Popa has advised the Ford Motor Company on the sale of its Craiova assembly plant in southern Romania to its partner Ford Otosan in Turkey. CMS advised Ford Otosan.
KP Law and Pelister Atayilmaz Enkur Advise on Schottel's Acquisition of Elkon
KP Law has advised Schottel on its acquisition of a majority stake in Elkon from Vera Capital. Pelister Atayilmaz Enkur advised the sellers.
OzmenYalcin Opens Doors in Turkey
A team led by former Akol Law Partners Omer Gokhan Ozmen and Gunes Yalcin has spun off to launch OzmenYalcin in Istanbul.
Esin Attorney Partnership and Clifford Chance Advise on Limak Investment's Sale of Uludag Utility Firms
Baker McKenzie Turkish affiliated firm Esin Attorney Partnership has advised Limak Investment on the sale of 100% shares of Ulug Enerji Dagitim ve Perakende Satis Hizmetleri to Actis Long Life Infrastructure Fund. Clifford Chance Turkish affiliated firm Ciftci Attorney Partnership advised Actis on the deal.
Fintech vs Banking
“Banking is essential, banks are not…”(Bill Gates, 1994)
Digitalization in Turkish Corporate Law Practice
In Turkey, digitalization in corporate law practice has been significantly and gradually increasing in the last few years. Provision of digital signature declarations through the Central Registration System (“MERSIS”), making foreign direct investment notifications through the Electronic Incentive Practices and Foreign Capital System (“E-TUYS”) and receiving electronic notifications from the Social Security Institution (“SSI”) are some of the recent examples and developments of this effort. In this article, we will evaluate these current developments and explain significant points that should be taken into consideration for efficiency.
Closing: Havas Ground Handling’s Acquisition of MZLZ Ground Handling Services Now Closed
On April 1, Divjak Topic Bahtijarevic & Krka announced that Havas Ground Handling’s acquisition of MZLZ Ground Handling Services (as reported by CEE Legal Matters on February 22, 2022) has closed.
Clifford Chance, Ciftci, White & Case, and GKC Partners Advise on EUR 1.25 Billion Bridge Financing for Antalya Airport Rights
Clifford Chance and its Turkish associated firm Ciftci Attorney Partnership have advised the joint venture of airport operators TAV Airports Holding and Fraport on a EUR 1.255 billion bridge financing towards the renewal of operational rights for Antalya Airport in Turkey. White & Case and its Turkish associated firm GKC Partners advised the financing banks.