Paksoy has advised Condair Group AG, a Swiss manufacturer of commercial and industrial humidification devices and systems, on its October 26, 2018 entrance into a share purchase agreement and shareholders agreement with Gokhan Yalinay to establish a joint venture in Turkey.
The joint venture will distribute Condair's products in Turkey and neighboring countries in Central Asia.
The Paksoy team was led by Partner Elvan Aziz, working with Senior Associate Selin Barlin Aral, Tax Specialist Ertugrul Acar, and Associate Deniz Ozkan.