Addleshaw Goddard and Kinstellar have advised Pegasus Airlines on its acquisition of Czech Airlines and its subsidiary Smartwings in a transaction valued at EUR 154 million, including related receivables. Dentons reportedly advised the sellers.

Pekin & Pekin, working with Baker Botts, has advised the International Finance Corporation on a USD 550 million sustainability-linked loan extended to Turkiye Sise ve Cam Fabrikalari.

Turkiye’s deal market accelerated into 2025, driven by strong tech, infrastructure, and renewable-energy activity, alongside tighter regulation and growing sophistication in transactions, according to Herguner Bilgen Ucer Partner Deniz Tuncel.

Former Akol Partner Ceyda Akbal Schwimann has rejoined IAS Partners as a Partner.

Dentons has advised a consortium of lenders, including the European Bank for Reconstruction and Development, the OPEC Fund for International Development, the Arab Fund for Economic and Social Development, SANAD Fund for MSME, acting through its Debt Sub-Fund, and the Green for Growth Fund, on a USD 160 million unsecured term loan facility extended to Capital Bank of Jordan. Ali Sharif Zu’bi Advocates & Legal Consultants reportedly advised the Capital Bank of Jordan.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

UMAY Attorney Partnership has been launched in Istanbul by former BTS & Partners lawyers Zeynep Unlu, Muge Minareci Akpek, Erdem Aslan, and Riza Yucel.

Bicak has advised U.S.-based firearms manufacturer Fusion Firearms on matters relating to the company’s ongoing commercial activities in the Turkish defense industry.

Dentons' Turkish affiliate Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership has advised Revo Capital on its participation in the USD 8.2 million series A funding round of Onlayer. CDCA reportedly advised Onlayer.

Dentons has advised Karpowership on a USD 400 million syndicated facility arranged for its affiliate Sea World Energy Holdings Limited, with The Mauritius Commercial Bank acting as sole mandated lead arranger and account bank. Clifford Chance reportedly advised The Mauritius Commercial Bank.

Pelister Keki Sarac & Co has promoted Ilayda Gunes to Partner.

Paksoy has advised the founders and shareholders of Apsiyon on the sale of 100% of their shares to Aareon.

Pekin & Pekin, working with Clifford Chance, has advised the underwriters on the Republic of Turkiye’s issuance of USD 2.25 billion 6.800% notes due November 4, 2036. Arnold & Porter reportedly advised the Republic of Turkiye.

White & Case has advised a consortium led by UCC Holding, together with Kalyon G.I.S. Energy, Cengiz Energy, and Power International, on the USD 7 billion investment and power purchase agreements with the Ministry of Energy of the Syrian Arab Republic and the Public Establishment for Transmission and Distribution of Electricity. Sarkis reportedly advised the consortium as well.

White & Case and its Turkish affiliate law firm GKC Partners have advised a syndicate of lenders on the EUR 1.7 billion senior secured financing of the Antalya-Alanya motorway project in Turkiye.

Paksoy has advised Borusan Next on its acquisition of Carvak, making Borusan Next the company's sole shareholder in Turkiye.

Dentons’ Turkish affiliate law firm Balcioglu Selcuk Eymirlioglu Ardiyok Keki, together with Dentons UK and Middle East, has advised the lender syndicate on the renewal of Turk Ekonomi Bankasi's dual-currency sustainability term loan facilities.

Baykal | Saris and Gokkilic have advised Bilgin Enerji on its acquisition of Boyabat Elektrik Uretim, which owns the 513-megawatt Boyabat Hydroelectric Power Plant from Dogan Enerji, Dogus Holding, and Teknik Muhendislik. ASC Law advised the sellers.