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Ergun, working with White & Case, has advised J.P. Morgan on ICA's issuance of USD 405 million 7.536% secured amortizing notes which will be used to finance the completion of the build-operate-transfer model Sariyer-Kilyos Tunnel which is part of the Third Bridge project in Turkiye. Lexist, working with Watson Farley & Williams, advised ICA. Verdi Law Firm, working with Clifford Chance, reportedly advised the existing lenders.

Your Legal Partners has advised on the Public-Private Partnership project titled "Design, Construction, Financing, Maintenance and Operation of Seventeen School Units in the Region of Central Macedonia" to be undertaken by ATESE and Metlen Energy & Metals. Karatzas and Partners advised Piraeus Bank as the lender on the project.

Paksoy, working with Ashurst, has advised Samsung C&T, Korea Overseas Infrastructure & Urban Development Corporation, and KDB Infrastructure Investments Asset Management on the financial closing of the Nakkas-Basaksehir section of the Northern Marmara Highway Project.

On October 22nd, the Court of Justice of the European Union (“CJEU”) issued a precedent-setting ruling in the Kolin Inşaat Turizm Sanayi ve Ticaret case (C-652/22 – the “Kolin case”). This is of crucial importance to contractors engaging or aiming to engage in the public procurement market of the European Union (“EU”), who originate from countries outside of the EU that are not party to international agreements with the EU which would formally admit such contractors to public tenders in the EU.

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