An increasing number of Corporate/M&A deals, in particular, in travel and tourism, due to the country’s unique characteristics, and in the energy sector, accelerated by the war in Ukraine, has been the main focus of Bahas, Gramatidis & Partners, according to Partner Yanos Gramatidis.
Digitalization in Turkish Corporate Law Practice
In Turkey, digitalization in corporate law practice has been significantly and gradually increasing in the last few years. Provision of digital signature declarations through the Central Registration System (“MERSIS”), making foreign direct investment notifications through the Electronic Incentive Practices and Foreign Capital System (“E-TUYS”) and receiving electronic notifications from the Social Security Institution (“SSI”) are some of the recent examples and developments of this effort. In this article, we will evaluate these current developments and explain significant points that should be taken into consideration for efficiency.
Closing: Stark Group’s Acquisition of Dach & Wand Handels from Swisspearl Group Now Closed
On April 6, 2022, Taylor Wessing announced that the Stark Group’s Acquisition of Dach & Wand Handels GmbH from Swisspearl Group (reported by CEE Legal Matters on February 21, 2022) has closed.
Closing: Havas Ground Handling’s Acquisition of MZLZ Ground Handling Services Now Closed
On April 1, Divjak Topic Bahtijarevic & Krka announced that Havas Ground Handling’s acquisition of MZLZ Ground Handling Services (as reported by CEE Legal Matters on February 22, 2022) has closed.
Closing: KKR and Global Infrastructure Partners’ Acquisition of CyrusOne Now Closed
On March 30, 2022, Dentons announced that KKR and Global Infrastructure Partners’ acquisition of CyrusOne (reported by CEE Legal Matters on November 22, 2021) has now closed.
Ukraine: Force Majeure and Contractual Obligations
On 24 February 2022, the Russian Federation launched a military aggression against Ukraine. This became the basis for the imposition of the martial law in Ukraine from 24 February 2022, with further extension until 26 April 2022.
Closing: Tag Immobilien's Acquisition of Robyg Now Closed
On March 31, Greenberg Traurig announced that Tag Immobilien’s Acquisition of Robyg from Goldman Sachs company Bricks Acquisitions and Centerbridge (reported by CEE Legal Matters on January 12, 2022) has now closed.