Paksoy, working with Freshfields, has advised the Abu Dhabi sovereign wealth fund ADQ on its acquisition of a 96% stake in Odea Bank from Bank Audi, EBRD, IFC, and other shareholders.

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.

Keco Legal has advised Param on its acquisition of Nebim Yazilim from individual shareholders including members of the Sisa, Demiroglu, and Godek families. BTS Legal reportedly advised the sellers.

Former Baker McKenzie's Turkish affiliate Esin Attorney Partnership Senior Associate Ceyda Sila Cetinkaya has joined Merzigo as a Senior Vice President.

Paksoy has advised Roenesans Holding on its USD 350 million notes issuance of fixed-rate senior guaranteed sustainable notes due 2029. 

Turunc has advised Bogazici Ventures on its follow-on investment in Fiber Games in a round that also saw Arz Portfoy invest. Ulgen advised Fiber Games.

Turunc has promoted Beste Yildizili Ergul and Naz Esen to Managing Associates and appointed them to Co-Head of Employment and Co-Head of Corporate Advisory teams, respectively.

Turunc has advised Groupe Atlantic on obtaining approval from the Turkish Competition Board for its acquisition of a 50% stake in Eneko Havalandirma. Moral advised Eneko Havalandirma on the sale. Prokon reportedly advised Groupe Atlantic as well.

Paksoy, working with Wachtell, Lipton, Rosen & Katz, has advised Global Payments on its acquisition of Yazara Payment Solutions and its Turkish subsidiary SoftPos Teknoloji.

White & Case's Turkish affiliate GKC Partners has advised Akbank, ING Turkiye, MUFG Bank Turkey, QNB Finansbank, and Turk Ekonomi Bankasi on an approximately EUR 90 million loan to Temsa.

Aksan has advised Pharmacontract on obtaining clearance from the Turkish Competition Board for the acquisition of unspecified subsidiaries in Italy.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With industry-specific software emerging left and right, the legal industry was not left behind. To explore some of the trends in this regard, we asked: What are some of the specific legal tech platforms you use?

On May 28, 2024, the Turkish Medicines and Medical Devices Agency (Agency) took a significant step in regulating the healthcare industry by unveiling the draft Regulation on Promotional Activities of Medicinal Products for Human Use and Foods for Special Medical Purposes (Draft). This comprehensive Draft aims to address various aspects of promotional activities, ensuring that they are conducted in a manner that upholds scientific integrity and prioritizes patient safety.

It is unavoidable that the increasing population, traffic, industrialization, used wastes, etc. pollute nature and the environment. We, as human beings, should reduce environmental pollution for future generations. This is where alternative energy production comes into play.

The Data protection is an increasingly important issue in today’s digital world. The rapid development of information technologies has made it easier for state institutions and private sector organizations to access thousands of personal data daily. This situation has increased the processing and transfer of personal data and has led to the necessity of protection.

White & Case’s Turkish affiliate GKC Partners has advised Zurich Insurance on its acquisition of NN Hayat ve Emeklilik. Baker McKenzie's Turkish affiliate Esin Attorney Partnership advised the sellers.

With its resolution numbered i-SPK.35.B.1 (dated 19 September 2024 and numbered 1484) (the “Resolution“), the Capital Markets Board (the “CMB“) clarified the legal status of non-fungible tokens (“NFTs“) and crypto assets used in virtual games.

White & Case and its Turkish affiliate GKC Partners have advised Pegasus Airlines on its USD 500 million Eurobond issuance with Citigroup Group Markets Limited and Morgan Stanley & Co International as the joint global coordinators and joint bookrunners and J.P. Morgan Securities, HSBC Bank, SMBC Nikko Capital Markets Limited, and BCP Securities as the joint bookrunners. Baker McKenzie and its Turkish affiliate Esin Attorney Partnership advised the joint global coordinators and joint bookrunners.