In accordance with the law which was published in the Official Gazette on July 7, 2022 making amendments to the "Law on the Regulation of Electronic Commerce”, new obligations were introduced concerning the Electronic Commerce Service Providers (“ECSPs”) and Electronic Commerce Intermediary Service Providers (“ECISPs”). This new regulation has raised many questions and controversies.

Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership have advised the China Baowu Steel Group Corporation Limited on the global merger control and foreign investment filings for its full acquisition of the Sinosteel Group Corporation Ltd.

Paksoy has advised Turkish flour producer Eksun Gida on its TRY 980 million IPO on Borsa Istanbul's Star Market.

Dentons and its Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership have advised Akfen Holding on its acquisition of the approximately 33% outstanding stake in Akfen Yenilenebilir Enerji from the EBRD and the IFC.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised TechOne Venture Capital on its investment in Vanora Ventures.

“Even if the deleted correspondence is restored, the act of deletion is considered by the Competition Board as hindering the on-site investigation.”

The Aksan Law Firm has advised APY Ventures on its investment in the Turan financial technology company.

Paksoy, working alongside Morgan Lewis, has advised Ulker Biskuvi on obtaining a sustainability-linked loan from a syndicate of international lenders.

Turunc and Aksan have advised Bogazici Ventures and APY Ventures, respectively, on their investment in Kalfa in a round that also included Mindvest, Mikro Yazilim, and Hedef Portfoy. SCH-Legal reportedly advised Kalfa.

Eren Kursun has been appointed the new Managing Partner of Baker McKenzie Turkish affiliate Esin Attorney Partnership – to start on July 1, 2023 – taking over from Ismail Esin who will continue to manage the Dispute Resolution department and serve on the firm's executive board.

The major discussion points in Turkey have been drastically different – before and after the earthquake – with the upcoming elections gaining new importance, according to KP Law Managing Partner Onur Kucuk.

Only one group ever came and never went away: Lawyers.
This is because if the lawyers went, so would the games industry. (Richard A. Bartle)

Aksan has advised the Medicover Group on the acquisition of Guven Laboratuvarlari from founder Ahmet Sahin. BeyKem reportedly advised Ahmet Sahin on the deal.

Contributed by Nazali Tax & Legal.

Paksoy has advised the EBRD on its USD 20 million long-term loan for Uludag Icecek to pursue green investments in Turkey. Egemenoglu advised the borrower.

Data processing systems' convenience has led to emergence of new cybersecurity risks and methods for committing cyber-crimes, as well as a growth in such crimes, notably fraud. This is one of the unintended consequences of digitalization in the financial sector.

Turkish law firms Diri Legal and Sevi & Mergen have joined forces to form a new full-service law firm in Istanbul – Diri Sevi Mergen – helmed by Partners Nazan Diri Bal, Ali Murat Sevi, and Turhan Mergen.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, two CEE lawyers have already authored or co-authored eight thought leadership articles published on the CEE Legal Matters website this year, more than anyone else in the region?