Aksan Law Firm has advised Gundogdu Gida on its IPO.

Clifford Chance has advised the financiers on a EUR 300 million loan made available to Turk Eximbank under the guarantee of the Multilateral Investment Guarantee Agency.

Bezen & Partners has advised the Roenesans Group on a USD 165 million ECA financing from HSBC Bank Middle East and ING Bank, with coverage and guarantee from Euler Hermes for three wind farm projects. SZA Schilling, Zutt & Anschuetz reportedly advised Euler Hermes.

Clifford Chance has advised UKEF and Standard Chartered Bank on the UKEF and KUKE-covered green financing of EUR 249 million for Kaylon Enerji.

Summer is traditionally a slower period for many, including the legal sector, but, if used right, the time can pay dividends for law firms.

In the Inside Track, General Counsels across CEE share the nuances of their roles, challenges, and strategies for success. With organizations continuously challenged to adapt to new and complex legal frameworks, this time we asked: For the implementation of whistleblowing requirements, do you intend to use internal resources or outsource, and why?

Public-private partnerships (PPPs) are cooperation agreements between public and private sectors for providing public services traditionally provided by the state and funded by taxpayers. These partnerships involve sharing investments, risks, liabilities, and revenue between the parties, ensuring public welfare by addressing economic challenges in essential sectors. PPPs offer an alternative approach to traditional state-financed projects, allowing faster and more efficient construction of large-scale projects.

Baker McKenzie’s Turkish affiliate law firm Esin Attorney Partnership, working with Covington & Burling, has advised ACWA Power on the debt and ownership restructuring of its Turkish affiliate ACWA Guc. Paksoy and Milbank reportedly advised the lenders.

CCAO has advised Konfrut on its acquisition of 50% of the shares in Raz Food and Agriculture via a capital increase.

Baker McKenzie and its Turkish affiliated firm Esin Attorney Partnership have advised Eregli Demir ve Celik T.A.S. (Erdemir) on its issuance of USD 950 million 8.375% senior notes due 2029. White & Case and its Turkish affiliated firm GKC Partners advised the managers.

On July 29, 2024, in the Official Gazette No. 32616, Türkiye’s International Direct Investment (‘‘IDI’’) Strategy for the period 2024-2028 was announced to the public. This strategy aims to move Turkey to a stronger position on the global investment map by setting Turkey’s goals and priorities in the field of international direct investments and targets to create a comprehensive support mechanism to reduce the obstacles faced by investors in Turkey and to provide solutions to their needs.

AECO Law has advised Aluflexpack AG on its acquisition of the remaining 20% stake in Teko Aluminyum Sanayi A.S. Egemenoglu advised the seller.

Former Ozbay & Okumus Partner Umut Rasim Ozbay has joined Gen Temizer Erdogan Girgin Attorney Partnership as a Counsel.

Paksoy, working with Linklaters, has advised DP World on establishing a partnership with Evyap Group. Herguner Bilgen and Guzeldere Balkan Gocen reportedly advised Evyap.

Taylor Wessing, Stratulat Albulescu, and Moral Kinikoglu Pamukkale, working with PedersoliGattai, have advised Sennder Technologies on the acquisition of the European surface transportation operations of C.H. Robinson Worldwide. HVG Law reportedly advised C.H. Robinson.

Aslihan Evcimen has joined Saint-Gobain as their Country Legal Director in Istanbul, Turkiye.

In line with the recent developments across the world, the National Artificial Intelligence Strategy 2024-2025 Action Plan (“Action Plan“) was published, prepared in cooperation with the Presidential Digital Transformation Office of the Republic of Türkiye and the Ministry of Industry and Technology, and in line with the opinions of various public and private actors and nongovernmental organizations (“NGOs“), to advance Türkiye’s framework on artificial intelligence practices and strengthen its global position in terms of artificial intelligence.

Gen Temizer, working with Latham & Watkins, has advised Limak Cement on its global Rule 144A/Reg S issuance of USD 575 million 9.750% notes due 2029. Merrill Lynch and Morgan Stanley acted as joint global coordinators and joint bookrunners and ING Bank acted as joint bookrunner. White & Case and its Turkish affiliate law firm GKC Partners advised the joint bookrunners.