17
Tue, Jan
48 New Articles

Turkey’s main regulation regarding advertisements, the Regulation on Commercial Advertisement and Unfair Commercial Practices (“Regulation”) was amended with another regulation published on the Official Gazette of 4 January 2017, effective immediately. Those who advertise their products and services, advertisement agencies and the media that publishes such advertisement should abide by the Regulation. 

Balcioglu Selcuk Akman Keki Attorney Partnership has succesfully advised Pera Capital on its acquisition of 45% of the shares of Asset Medikal from the Teknoloji Yatirim A.S. venture capital firm and founding Asset Medikal shareholders Mehmet Tuysuz, Fusun Tuysuz, and Filiz Bayindir. The Akol Ozok Namli Attorney Partnership advised Teknoloji Yatirim and the Yasaman Law Firm advised the shareholders.

Prime Ministry Circular No. 2016/27 on Trade Facilitation Board ("Circular") has been published with the Official Gazette dated 03.12.2016. The Circular stipulates a process involving many public institutions and establishments with regard to the adoption of measures to enhance the competitiveness by improving the international trade infrastructure.

Paksoy and K&L Gates Italy have advised the EBRD on its role, along with Hermes GPE, as co-investors in and providers of financing for, Mediterra's acquisition of 70% of Arkel Elektrik Elektronik Sanayi ve Ticaret Anonim Sirketi, the technology company manufacturing electronic components for lifts. Kolcuoglu Demirkan Kocakli (KDK) advised Mediterra on the deal, Caliskan Kizilyel Toker advised the sellers, and Travers Smith advised Hermes.

Based in Ankara, Bora Kaya is the Managing Legal Counsel at Gama Power Systems Engineering and Contracting, a company that he first joined in March 2015. Prior to that he was the Head of Legal at Ronesans Holding from October 2012 to December 2014. Earlier still, he worked for Eregli Iron and Steel Works Co. as the Assistant to the Head of Legal Department.

Paksoy has advised IMCD N.V., a distributor of speciality chemicals and food ingredients, on its acquisition of 100% of Feza Kimya Ic ve Dıs Ticaret A.S., which specializes in technical sales, marketing, and distribution of speciality chemicals and instruments in Turkey.

On October 5, 2016, representatives from the Ukrainian and Turkish business communities, from the Ukrainian Consulate-General in Istanbul, and from the co-hosting Gun + Partners and Vasil Kisil & Partners law firms met at the Gun + Partners office in Istanbul for a round table discussion, moderated by CEE Legal Matters, on the opportunities in Ukraine for Turkish investors.

The Deal:

On August 15, 2016, CEE Legal Matters reported that the Esin Attorney Partnership (a member firm of Baker & McKenzie International), Hogan Lovells, and Paksoy had advised on Burgan Bank’s USD 87 million and EUR 57 million syndicated multi-tranche term loan agreement with 13 banks from 8 countries. The banks were led by HSBC, acting as coordinator, Arab Banking Corporation (B.S.C.), acting as agent, and Commerzbank Aktiengesellschaft, Filiale Luxemburg, HSBC Bank Middle East Limited, and Mashreqbank PSC acting as initial mandated lead arrangers and bookrunners.

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