Turkish Constitutional Court ["TCC"], in its decision no. 2023/36 E., 2023/142 K. published in the Official Gazette dated 13 October 2023, annulled Article 46, paragraph 1, subparagraph (b) of the Turkish Code of Administrative Procedure No. 2577 ["TCAP"], which regulates the appeal in administrative judiciary, by finding it in violation of the Turkish Constitution. The decision will enter into force on 13 July 2024, nine months after its publication in the Official Gazette.

Eversheds Sutherland member Tsvetkova Bebov and Partners, working alongside White & Case, has advised Energo-Pro on an issue of USD 300 million bonds due 2028. Reportedly, BLC Law Office and GKC Partners advised on the issuance as well while Allen & Overy, Boyanov & Co, and Gedik Eraksoy advised the banks involved.

Competition law and data protection law are both regarded as essential parts of digital markets and the digital economy. Although they are two separate disciplines, these disciplines have started to overlap, especially when it comes to digital markets where the economic value of data has started to be discussed in conjunction with the concept of big data.

Kinstellar Turkish affiliate Gen Temizer Ozer has advised Property Finder and Zingat on the sale of 100% of Zingat to Hepsiemlak and Property Finder’s subsequent share subscription into Hepsiemlak.

BDK Advokati, Dentons, and Nestor Nestor Diculescu Kingston Petersen have advised Invenio Partners on the segmentation – together with Accession Capital Partners – of the vocational education division of the Link Group. The Antonic law firm in cooperation with Deloitte advised the Link Group and its two shareholders on the sale. Gladei & Partners reportedly advised Invenio as well. Schoenherr and Norton Rose Fulbright reportedly advised ACP.

Baker McKenzie Turkish affiliate Esin Attorney Partnership has advised Akbank on securing a 367-day syndicated loan from international markets in two tranches: USD 265.5 million and EUR 318.45 million.

In Turkish law, for a representative to be able to enter into a binding arbitration agreement on behalf of a principal, they must be specifically authorized by the principal (Turkish Code of Obligations Article 504/3 and Turkish Civil Procedure Law Article 74). An arbitration agreement made by a specially authorized representative can only become binding with the approval of the principal. For example, the commencement of arbitration proceedings by the principal personally may indicate the granting of this approval.

Turkish lawyer Damla Aygun Yararca was appointed to the role of Head of Legal, Ethics, Compliance & Quality by Novo Nordisk. 

In accordance with the Turkish Code of Obligations No. 6098 ("TCO"), lease relations are categorised under three main headings: (i) general provisions, (ii) residential and roofed workplace leases, and (iii) product leases. Properties to be leased as offices, warehouses, etc. for the purpose of conducting commercial activities will be subject to the provisions of "Residential and Roofed Workplace Leases".

The ongoing search for alternative accommodation in Turkey’s tourism sector is transforming the short-term rental of secondary residences into a new branch of trade. This growing practice has prompted Turkey’s Ministry of Culture and Tourism (the “Ministry of Tourism”) to take concrete steps to determine the criteria for the rental of residences to both real and legal persons for tourism purposes.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Iffco Singapore on its acquisition of Felda Iffco Food Industry and Trade in Turkiye.

Turkish lawyer Emre Botan Kumet has joined Copyright Capital as its Head of Legal & Business Affairs in London.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Hedef Filo on its acquisition of Letgo Mobil. The Amsterdam office of Allen & Overy reportedly advised OLX Autos on the sale.

Turunc has advised Bogazici Ventures on its investment in Cerebrum Tech.

Turkish firm Erdem & Erdem has announced a new office in the Netherlands has opened for business on October 9, 2023.

The Aksan law firm has advised APY Ventures on its investment in Istanbul-based children-focused computer games company Gamester Kids.

Turkish lawyer Soley Guzel was appointed by Roche Pharmaceuticals as its Legal Director of Roche Diagnostics Asia-Pacific.

White & Case Turkish affiliate GKC Partners has advised Zurich Insurance Group subsidiary Zurich Sigorta on its acquisition of 99.78% of the issued share capital of Mapfre Yasam Sigorta from Mapfre Sigorta AS.