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Turkiye always has its ups and downs, according to Guleryuz Partners Partner Zahide Altunbas Sancak, who points to the coming local elections and their role as a confidence check, while also making her own bets that include technology, digital banking, and energy.

Egemen Egemenoglu has been appointed the new Managing Partner of the Egemenoglu Law Office in Istanbul, following a meeting of the firm's Partners on January 27. He takes over from Yunus Egemenoglu, who will now serve as a Senior Partner at the firm.

Turunc, working with Travers Smith, Slaughter & May, and Fried Frank, has advised Ascential on the sale of its WGSN global consumer trends forecasting and product design business to funds advised by Apax Partners for a total enterprise value of up to GBP 700 million. Reportedly, August Debouzy, Bowman Gilfillan, Chiomenti, Clayton Utz, FCR Law, Gomez-Acebo & Pombo, Howse Williams, Latham & Watkins, and Noerr advised Ascential as well. Allen & Overy and Kirkland & Ellis reportedly advised Apax Partners.

Allen & Overy and its Turkish affiliate Gedik & Eraksoy have advised MUFG Securities, Mitsubishi UFJ Investor Services & Banking, and UK Export Finance on the EUR 1.247 billion financing for the Turkish Ministry of Treasury and Finance regarding a 140-kilometer segment of high-speed, low-carbon electric railway between Yerkoy and Kayseri, in the Ankara region of Turkiye.

Turunc has advised Gelecek Etki Fonu on its investment in the UK's OctaiPipe, in a round that included SuperSeed, Forward Partners, D2, Atlas Ventures, Martlet Capital, and Deeptech Labs. Goodwin Procter and Oury Clark Solicitors reportedly advised OctaiPipe.

According to the Provisional Article 1, that is added to the Turkish Code of Obligations with the 4th article of the "Law on Amendments to the Lawyers' Code and the Turkish Code of Obligations" numbered 7409, which was published in the Official Gazette on 11.06.2022 and is valid as of that day residential rent agreements regarding the rental fee to be applied in the renewed rental periods between the date of entry into force of this article and 01.07.2023 (including these dates) are valid, provided that they do not exceed twenty-five percent of the rental fee of the previous rental year. In other words, contracts containing more than a twenty-five percent increase in housing rent compared to the previous year were deemed invalid in terms of the excess amount. 

The World Economic Forum established the AI Governance Alliance, bringing together leaders from diverse sectors such as industry, government, academia and civil society to support the responsible global development and use of transparent and inclusive AI systems.

Turunc, working with Reed Smith, has advised Sphera on its acquisition of SupplyShift. Simpson Thacher & Bartlett reportedly advised Sphera parent company Blackstone. The VLP Law Group reportedly advised SupplyShift.

With the decision published in the Capital Markets Board Bulletin dated 29.12.2023 and numbered 2023/82 ["Decision"], the amounts subject to revaluation in the Capital Markets Law No. 6362 and related regulations and other regulations were determined for the year 2024.

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