Following the Constitutional Court’s (“TCC”) decision annulling the monetary limits for appeal in administrative jurisdiction, the TCC has annulled the regulation that no appeal can be filed against decisions on cases of tax and full remedy and actions of annulment of administrative acts, the subject matter of which does not exceed five thousand liras, as well as the regulation regarding the revaluation of monetary limits. The decision will enter into force on September 21, 2024, nine months after its publication in the Official Gazette.
Zane Bule-Mitka and Zane Veidemane-Berzina Appointed Associate Partners at Ellex in Latvia
Zane Bule-Mitka and Zane Veidemane-Berzina have been appointed as Associate Partners at Ellex Klavins.
Binder Groesswang and E+H Advise on Anadi Bank's Transfer of Carinthian Network and SME Business to Grawe
Binder Groesswang has advised Anadi Bank on transferring its Carinthian branches with around 42,000 retail customers, 250 SME customers, and a business volume of just under EUR 1.7 billion to Grawe Banking Group's Bank Burgenland. E+H advised Grawe.
Linklaters Advises Turk Eximbank on Investment in Africa Finance Corporation
Linklaters has advised Turkiye Ihracat Kredi Bankasi on its equity investment in the Africa Finance Corporation, the pan-African infrastructure-focused multilateral financial institution.
Asters Advises EBRD on EUR 10 Million Financing for Ukrainian Wood Product Manufacturer
Asters has advised the European Bank for Reconstruction and Development on its EUR 10 million financing for a Ukrainian manufacturer of oak lamellas.
Sayenko Kharenko Advises IFC on EUR 40 Million Risk-Sharing Facility for Credit Agricole To Support Ukrainian SMEs
Sayenko Kharenko has advised the International Finance Corporation on a EUR 40 million equivalent risk-sharing facility for Credit Agricole Ukraine.
Lexist Advises Aydin Group on Sale of 20% Stake in TOM Financial Group Companies to Dubai Islamic Bank
Lexist, working with King & Spalding, has advised the Aydin Group on the sale of a 20% shareholding in the TOM financial group of companies – including a digital participation bank, licensed e-money and payment services company, and a licensed financing company – to the Dubai Islamic Bank. Norton Rose's Dubai office and its Turkish affiliate Pekin Bayar Mizrahi reportedly advised the DIB.