TurkNet has appointed Merve Oney Barlas as its new Chief Legal, Compliance, and Regulation Officer.

Sadik & Capan has advised Cotcast on an investment round that saw the participation of DCT Trading and angel investors.

Former Novo Nordisk Regional General Counsel and Vice President for legal, compliance, and quality in the Asia Pacific region Meltem Ozker Gunduz has joined GE HealthCare as its new General Counsel.

White & Case’s Turkish affiliate law firm GKC Partners has advised Gulermak Heavy Industries Construction & Contracting on its TRY 4.845 billion IPO on Borsa Istanbul.

CCAO, working with Linklaters, has advised J.P. Morgan Securities on a USD 400 million loan to Petkim Petrokimya Holding. Vinson & Elkins reportedly advised Petkim Petrokimya Holding.

CCAO has advised Yapi Kredi, Akbank, Aktif Bank, and Alternatif Bank on a USD 95 million syndicated loan for Tekfen Holding. Tunc Firat Dereli advised Tekfen Holding.

Ozlem Gelbal Uluisik has become the new General Manager of the Legal Department at Zorlu Holding.

Former Cakmak Attorney Partnership Partner Gokhan Okan has joined Ergun as a Partner.

Paksoy has promoted former Counsel Gulce Saydam Pehlivan to Partner.

Ergun has promoted former Senior Associate Irmak Yensel Nergiz to Partner.

Dentons and its Turkish affiliate Balcioglu Selcuk Ardiyok Keki have advised Agave Games on its USD 18 million Series A funding round. Kinstellar Turkish affiliate KST Law and Mariott Harrison advised Felix Capital and Balderton Capital who co-led the round.

Turkiye has recently witnessed a surge in initial public offerings. White & Case affiliate law firm GKC Partners’ Head of Capital Markets Practice Derin Altan and Kolcuoglu Demirkan Kocakli Partner Hasan Yasar explore this phenomenon and what it means for the wider market conditions.

In September 2024, Turkiye applied for membership in the BRICS bloc of developing economies. ADMD Law Office Managing Partner Orhan Yavuz Mavioglu and Bicak Law Firm Founding Partner Vahit Bicak explore the key political, economic, and legal motivations behind Turkiye’s move.

An in-depth look at Emre Atayilmaz of AECO Law covering his career path, education, and top projects as a lawyer as well as a few insights about him as a manager at work and as a person outside the office.

Turkiye has witnessed significant tax developments in recent months, including amendments in real estate-related taxation. These changes primarily arise from the need to address budgetary concerns in the current economic climate, which has led to the repeal of certain frequently utilized tax exemption provisions. This article provides an overview of these developments and their implications for taxpayers or investors whose business structures include real estate in Turkiye.

White & Case's Turkish affiliate law firm GKC Partners has advised Turkiye Is Bankasi and TSKB on EUR 342 million financing for the Ankara Esenboga airport. Clifford Chance advised TAV Airports as the borrower.

Kolcuoglu Demirkan Kocakli has advised Volt Motor and its individual shareholders on the sale of the company to WEG. Herguner advised WEG.

Redcliffe Partners, working with Clifford Chance and George Yiangou, has advised the European Bank for Reconstruction and Development and the International Finance Corporation on the USD 435 million financing for the merger of Lifecell Group and the Datagroup-Volia Group (reported on by CEE Legal Matters on September 17, 2024). CMS, working with Chrysostomides, advised the borrowers.