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The commercial legal markets of Central & Eastern Europe didn’t appear automatically. They didn’t develop in a vacuum. They were formed, shaped, and led, by lawyers – visionary, hard-working, commercially-minded, and client-focused individuals pulling the development of CEE’s legal markets along behind them as they labored relentlessly for their clients, their careers, their futures. 

Early this year, on February 6th, 2017, the Ministerial Cabinet has published its decision on Pricing of Human Medicinal Products (“Decision”) and announced that the requirements of the Communiqué on Pricing of Human Medicinal Products (published in 2015) that do not conflict with the Decision, shall remain applicable. 

Balcioglu Selcuk Akman Keki Attorney Partnership advised Henkel in connection with the acquisition of the remaining 50% equity in Eczacibasi Schwarzkopf Kuafor Urunleri Pazarlama A.S. from former joint venture partner Eczacibasi, giving it complete ownership of the exclusive distributor of Schwarzkopf Professional hair products in Turkey.

Paksoy has advised Doktas Metal on its acquisition of 93.57% of Componenta Dokumculuk, the Turkish subsidiary of Finnish Componenta Group, and advised Componenta Dokumculuk on the restructuring of its facility arrangement. Herguner Bilgen Ozeke represented the sellers, the Componenta Corporation.

Balcioglu Selcuk Akman Keki Avukatlik Ortakligi acted as Turkish counsel and Dentons acted as English and United States counsel to Coca-Cola Icecek Anonim Sirketi, the Coca-Cola bottler for Turkey, Central Asia, Pakistan, and the Middle East, on its Rule 144A/Regulation S issuance of USD 500 million 4.215% Notes due 2024. Gedik & Eraksoy and Allen & Overy advised joint lead managers Citibank International, HSBC Bank, J.P. Morgan Securities, MUFG Securities EMEA, and BNP Paribas.

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. 

Turkey Knowledge Partner

Founded in 1990, TURUNÇ is a leading, full-service Turkish law firm providing cutting-edge legal advice and representation to a global clientele. We provide the highest quality of legal service in each of our practice areas and we take pride in the work we do. Since our founding, we have always maintained a friendly, open and inclusive firm culture in which individuality and independent thinking are highly prized. Our lawyers work in collaborative, collegial teams across our practice areas.

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