14
Fri, Mar
45 New Articles

Taylor Wessing Advises VakifBank International on Core Banking System Implementation

Taylor Wessing Advises VakifBank International on Core Banking System Implementation

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Taylor Wessing has advised VakifBank International on the implementation of a core banking system.

According to Taylor Wessing, VakifBank International is a subsidiary of VakifBank. VakifBank was founded in Turkey in 1954 and, with its more than 900 branches and subsidiary VakifBank International, is the second largest state-owned Turkish bank.

"The bank opted for a strategic changeover to a CBS, a software that will support the bank's core processes and frequent transactions," commented Taylor Wessing Vienna Partner Andreas Schuetz. "We reviewed the relevant contracts for Austria and Hungary, provided the bank with strategic support, and accompanied the preparations for any negotiations with providers/parties involved."

The Taylor Wessing team included Schuetz, Vienna-based Counsels Carmen Redmann-Wippel and Tugce Yalcin, and Associate Tereza Gruendvaldska.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

Firm's website.

Our Latest Issue