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34 New Articles

In The Corner Office, we invite Senior and Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. For this issue, we asked them to describe their least favorite part of their jobs. 

In order to ease the sophisticated and multifaceted disputes of today’s market; arbitration is started to become a widely selected resolution method also in Turkey similar to the global market; especially due to its concept of customizability, speed and efficiency. As each commercial transaction possesses a unique nature in terms of its components and conditions; the one who concludes complex transaction should be preferring arbitration; a tailor-made method of alternative dispute resolution. 

Istanbul, as one of the most populated cities in the world with a population of almost 15 million people, uses various modes of public transportation which are metro, light rail, funicular, tram, suburban train, bus rapid transit, highway bus, sea bus, and ferryboat. Apart from these modes of public transportation, people in Istanbul often use private transportation which might be listed as private car, private highway bus, taxi, and sea taxi. 

Ranking services form a critical part of the law firm landscape in CEE as around the world, and law firm marketing and business development functions in the region spend many weeks or months each year preparing their submissions for those ranking services they believe are most widely read and influential. Still, not everybody is convinced the ranking services are as effective or valuable as they could be. Thus, for this issue, we asked the law firm marketing and BD experts around CEE: “What one change would you most like to see made to the law firm rankings to make them more useful/effective?” 

The “Communiqué on Trust Seal in Electronic Commerce” (“Communiqué”) has been published in the Official Gazette dated 6 June 2017 and numbered 30088 and came into effect as of the publication date. Within the frame of such Communiqué, following subjects have been regulated; 

Nowadays, Electronic Commerce (“E-Commerce”) continues to rapidly become the platform where consumer habits are most consantrated.  In line with rapid developments on technology, devices and online platforms are getting to know their users more closely.

Retail industry leads Turkish economy in recent years and shopping malls are the most essential figures of such industry. Shopping malls have recently undergone a challenging period by virtue of social and economic developments throughout the country.

The Moral Law Firm has advised Borusan EnBW Enerji Yatirimlari ve Uretim A.S. — a joint venture of Borusan Holding A.S. and EnBW Energie Baden-Wurttemberg AG — on its USD 38.5 million acquisition of the Kiyikoy Wind Power Plant from Aksa Energy. The Cakmak Law Firm, Cakmak-Gokce Law firm, and White & Case advised Aksa Energy on the deal, which is contingent on approval from Turkey's EMRA and Competition Authority.

Moral Law Firm has advised the Kardesler Family on the sale of Tozmetal Ticaret ve Sanayi A.S., a powder metallurgy parts manufacturer focusing on hydraulic pump components for the European automotive market which reported sales of EUR 24 million in 2016, to GKN, a premier manufacturer of oil pumps and powder metal components. The Cakmak-Gokce Attorney Partnership, the Turkish arm of White & Case, advised GKN on the deal.

Although the economic needle of the Turkish compass suffers through changes and deviations in the recent years, energy sector (mainly renewable/sustainable) remains true to its nature of sustainable growth and energy.

Is Sustainability Possible in Family Businesses? 

As is known, family businesses carries a crucial importance not only in Turkey but also in global sense in economic life. Family companies contribute nearly %75 of GNP and %85 of employment in Turkey. 

Although mediation process entered into force about 5 years ago, due to many reasons, it has not caught up the expected effect yet, however, it seems determined to change this trend. It is possible to resort to mediation for resolving all kinds of private legal disputes arising from acts or transactions of real and legal persons.

The Moral law firm has advised the Aryom real estate developer on the construction and sale of the Aryom Koru Project, which consists of 425 residences surrounded by sculptured landscapes and multiple social and sports facilities and is located just outside Izmir. The investment value of the project is TRY 130 million (approximately EUR 36.4 million).

Legal Background

The Regulation on the Law on Applications for Turkish Citizenship ("Regulation") has been published on Official Gazette dated 12.01.2017 and numbered 29946. According to the amendment, a foreign investor who meets certain conditions mentioned under the provisions added to the Regulation can obtain Turkish Citizenship. Besides the Regulation, Land Registry Code also stipulates criteria for buying property as a foreigner in Turkey.

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Moral Law Firm at a Glance

We are a full service Turkish law firm, providing legal services that harmonize our innovative approach and extensive industrial experience to local and international clients, for nearly 50 years.

Energy legislation, real estate investments, project finance, family businesses, mergers and acquisitions, commercial and corporate law, capital markets law, execution and bankruptcy law, commercial and administrative cases, arbitration, litigation and mediation are some of the broad legal services that we offer to our prestigious clientele to satisfy their legal needs.

Our intention is to provide sustainable highest quality legal services in a tailor made fashion. We aim to  help our clients minimise commercial and legal risk by providing focused, efficient and solution oriented legal advice and assistance.

Firm's website: www.moral.av.tr