Did you know that the early 2024 deal leaderboards are already available via the Activity Rankings function of the CEELMDirect website?

The Aksan Law Firm has advised rapid prototyping company Rototip on its EUR 1 million investment round led by Act Venture Partners and including Heartfelt and APY Ventures.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised lead investor Dutch Founders Fund and 212 VC on their recent investment in Getmobil.

Former Managing Associate Furkan Sahankaya has been appointed to a Partner position in the Insurance/Reinsurance department of the Durukan Law Firm in Istanbul.

Turkiye always has its ups and downs, according to Guleryuz Partners Partner Zahide Altunbas Sancak, who points to the coming local elections and their role as a confidence check, while also making her own bets that include technology, digital banking, and energy.

Former Danone Head of Legal & Compliance in Turkiye Sevda Aydin Alemdar has returned to private practice by joining Sayin Law & Consulting as a Partner to lead the firm’s FMCG and Healthcare sectors out of Washington DC.

Gen Temizer Ozer has advised Bor Seker on its IPO and listing on the Istanbul Stock Exchange.

Allen & Overy and Turkish affiliate Gedik & Eraksoy have advised the joint bookrunners on Turkiye Wealth Fund’s inaugural international bond offering, raising USD 500 million at 8.25% interest.

Egemen Egemenoglu has been appointed the new Managing Partner of the Egemenoglu Law Office in Istanbul, following a meeting of the firm's Partners on January 27. He takes over from Yunus Egemenoglu, who will now serve as a Senior Partner at the firm.

Former Esin Attorney Partnership Partner Caner Elmas has joined Allen & Overy Turkish affiliate Gedik & Eraksoy as a Partner.

Turunc, working with Travers Smith, Slaughter & May, and Fried Frank, has advised Ascential on the sale of its WGSN global consumer trends forecasting and product design business to funds advised by Apax Partners for a total enterprise value of up to GBP 700 million. Reportedly, August Debouzy, Bowman Gilfillan, Chiomenti, Clayton Utz, FCR Law, Gomez-Acebo & Pombo, Howse Williams, Latham & Watkins, and Noerr advised Ascential as well. Allen & Overy and Kirkland & Ellis reportedly advised Apax Partners.

Allen & Overy and its Turkish affiliate Gedik & Eraksoy have advised MUFG Securities, Mitsubishi UFJ Investor Services & Banking, and UK Export Finance on the EUR 1.247 billion financing for the Turkish Ministry of Treasury and Finance regarding a 140-kilometer segment of high-speed, low-carbon electric railway between Yerkoy and Kayseri, in the Ankara region of Turkiye.

Paksoy has advised the EBRD on its USD 100 million loan to Enerjisa Enerji as part of its earthquake response package.

Turunc has advised Gelecek Etki Fonu on its investment in the UK's OctaiPipe, in a round that included SuperSeed, Forward Partners, D2, Atlas Ventures, Martlet Capital, and Deeptech Labs. Goodwin Procter and Oury Clark Solicitors reportedly advised OctaiPipe.

According to the Provisional Article 1, that is added to the Turkish Code of Obligations with the 4th article of the "Law on Amendments to the Lawyers' Code and the Turkish Code of Obligations" numbered 7409, which was published in the Official Gazette on 11.06.2022 and is valid as of that day residential rent agreements regarding the rental fee to be applied in the renewed rental periods between the date of entry into force of this article and 01.07.2023 (including these dates) are valid, provided that they do not exceed twenty-five percent of the rental fee of the previous rental year. In other words, contracts containing more than a twenty-five percent increase in housing rent compared to the previous year were deemed invalid in terms of the excess amount. 

The World Economic Forum established the AI Governance Alliance, bringing together leaders from diverse sectors such as industry, government, academia and civil society to support the responsible global development and use of transparent and inclusive AI systems.

Turunc, working with Reed Smith, has advised Sphera on its acquisition of SupplyShift. Simpson Thacher & Bartlett reportedly advised Sphera parent company Blackstone. The VLP Law Group reportedly advised SupplyShift.

Kumkumoglu Ergun Cin Ozdogan has advised the Yildirim Family on its exit from Kleemann Asansor. Akbal reportedly advised the counterparty.