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According to the Bulgarian–Turkish Chamber of Commerce and Industry (BULTİŞAD), as of August 2023, Turkish investments in Bulgaria have reached approximately €2.5 billion, generating over 15,000 jobs through more than 70 production facilities and 2,500 active companies[1].

Lexist, working with Twenty Essex Chambers and Sovereign Arbitration Advisors, has successfully represented the Republic of Turkiye in an ICSID case brought by Enel over the cancellation of its pre-license for a solar power plant project in the Isparta province by Turkiye’s Energy Market Regulatory Authority.

Turkiye is seeing a surge in regulatory enforcement, particularly in the areas of antitrust and environmental compliance, according to KST Law Partner Sinan Diniz. From high-profile investigations into global tech giants to the adoption of a new Climate Law, regulators are keeping up with both local and global trends. 

Dentons and its Turkish affiliate Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership have advised a syndicate of lenders, including Mizuho Bank, Mashreqbank, Sumitomo Mitsui Banking Corporation, and HSBC Bank Middle East Limited, among others, on the renewal of QNB Bank’s USD 600 million sustainability multi-tranche term loan facility.