Electricity generation, transmission, distribution, and trade are considered public services by court decisions. The liberal economy policies enforced following the entry into force of the 1982 Constitution also find their place in the electricity market. Accordingly, providing the public services via civil law contracts was made possible with the amendments to the Turkish Constitution in 1999.
Bezen & Partners Advises Asian Infrastructure Investment Bank on USD 50 Million Loan to Aklease
Bezen & Partners has advised the Asian Infrastructure Investment Bank on its USD 50 million loan to Akbank financial leasing subsidiary Aklease.
Kinstellar and Gen Temizer Ozer Advise Unifonic on Acquisition of Sestek
Kinstellar and its Turkish affiliate firm Gen Temizer Ozer have advised Unifonic on the acquisition of Sestek.
BASEAK Advises Magic Games on USD 5 Million Seed Investment Round
Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Magic Games on its USD 5 million seed stage investment round, led by Makers Fund. Reportedly, Orrick advised Magic Games as well, and Fladgate LLP advised Makers Fund.
SAP Hires Necati Karabayir as Lead Senior Legal Counsel in Turkey
Former SOCAR Turkey Compliance Group Coordinator Necati Karabayir has joined SAP as its Lead Senior Legal Counsel – MENA & TR Export Control Coordinator.
White & Case, GKC Partners, and Paksoy Advise on Enerjisa Uretim's Green Financing from HSBC Group
White & Case and Turkish affiliate GKC Partners have advised Enerjisa Enerji Uretim on a USD 102 million export credit agency-backed commercial green financing provided by the HSBC Group. Paksoy and, reportedly, Morgan Lewis advised HSBC.
Turkey: Recent Amendments to Press, Social Media and Internet News Sites
Discussions on the Law on the Amendment to the Press Law and Some Laws" which is known as the Law on Combating Disinformation among the public and which includes regulations and amendments about social media and internet news sites (“Law Amendment”), was published in the Official Gazette dated 18.10.2022 and numbered 31987.
Turkish Law of Transportation Series – II: Criteria for Application of the CMR Convention
Nowadays, the importance of international transportation and logistics activities has increased since the commercial relations surpassed the national borders. The most common type of carriage of goods is undoubtedly the road transportation. As a matter of fact, 76.1% of goods are transported by road in Turkey, 69.5% in the USA and 45% in Europe. Taking this into account, to determine common standards between the states regarding the documents used in carriage of goods by road and the responsibility of the carrier, “Convention on The Contract For The International Carriage Of Goods By Road” (Convention Relative Au Contrat De Transport İnternational Per Marchandises Par Route) [“CMR”] was adopted by the United Nations Economic Commission for Europe (UNECE) in 1956, and was entered into force in 1961. The CMR, to which Turkey became a party with a reservation on Article 47 on October 31, 1995, has the force of law in the Turkish legal system.
Turunc Advises Bogazici Ventures on Investment in Perculus
Turunc has advised Bogazici Ventures on its investment in Perculus. SCH-Legal reportedly advised Perculus on the deal.
Sebnem Onder Joins Sabanci Holding as Head of Legal Affairs
Sebnem Onder has joined Sabanci Holding as its Head of Legal and Compliance in Istanbul.
Kinstellar, PwC Legal, and Paksoy Advise on Plastic Omnium's EUR 520 Million Acquisition of Varroc Lighting Systems
Kinstellar and Paksoy, working with Linklaters' Paris office, have advised Plastic Omnium on its EUR 520 million acquisition of Varroc Lighting Systems from Varroc Engineering Limited. PwC Legal, working with Willkie Farr & Gallagher, advised Varroc on the sale of its automotive lighting systems business in the Czech Republic. White & Case reportedly advised a syndicate of banks on financing the transaction. Khaitan & Co, Creel Garcia-Cuellar Aiza y Enriquez, Lefosse, and Bennani & Associes reportedly advised Plastic Omnium in India, Mexico, Brazil, and Morocco, respectively.
Mehmet Tekergul Joins Turkiye Finans as Legal Advisory Vice President
Mehmet Tekergul has joined Turkiye Finans Katilim Bankasi A.S. as its Legal Advisory Vice President in Istanbul.
KECO Legal and BASEAK Advise on Cypher Games' USD 3.2 Million Pre-Seed Round
The Kumkumoglu Ergun Cin Ozdogan Attorney Partnership has advised Turkish casual mobile game developer Cypher Games on its USD 3.2 million pre-seed financing round. Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership advised 500 Global on its investment. Thompson Legal Advisory Services reportedly advised Play Ventures on leading the round.
Clifford Chance Advises the Development and Investment Bank of Turkey on Eurobond Issuance
Clifford Chance has advised the Development and Investment Bank of Turkey on its EUR 100 million sustainable bond issuance with Agence Francaise de Developpement.
Paksoy Advises Sensient on Acquisition of Endemix
Paksoy has advised Sensient on its acquisition of Endemix from Baris Bilen. Arikan Hukuk Burosu reportedly advised the sellers on the deal.
Paksoy Advises Mondi on Merger of Its Corrugated Packaging Companies in Turkey
Paksoy has advised packaging and paper company Mondi Corrugated BV on the merger of its Borsa Istanbul-listed company Mondi Olmuksan into Mondi Tire Kutsan, a company belonging to the same group.
Sakar Law Firm Opens Doors in Turkey
Former Bener Law Office Senior Partner Gozde Esen Sakar has established the Sakar Law Firm in Istanbul.
BASEAK Advises Armut and Shareholders on Merger with ProntoPro
Dentons’ Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Armut and its shareholders on the merger with ProntoPro. Osborne Clarke's Milan office reportedly advised ProntoPro on the deal.