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White & Case has confirmed that it has concluded its formal relationship with the Cakmak Avukatlik Burosu in Ankara and, after 31 years, now no longer has an official presence in Turkey’s capital.

Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.

The Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie’s Paris office have represented Gama Enerji A.S. (Gama Enerji) and its subsidiary Kremna Enerji Uretim ve Ticaret A.S. (Kremna), on a USD 132 million secured senior acquisition finance facility extended to it by the Industrial and Commercial Bank of China (ICBC), the EBRD, and IFC for the acquisition of the Karacaoren 1 and 2 hydroelectric power plants from the Turkish Privatization Administration (TPA). White & Case and its Turkish arm, the Cakmak Gokce law firm, advised the ICBC, EBRD, the IFC, and other parallel lenders on the privatization, which will be conducted through a Transfer-of-Operating-Rights method. 

Turunc has advised Taxim Capital on its acquisition of a 40% stake in the Turkish casual dining chain Big Chefs from current shareholders Gamze Cizreli and Saruhan Tan, each of whom had their 50% shares in the company diluted. The Pelister Atayilmaz Enkur Law Office (PAE) advised the sellers on the deal.

Kinstellar has provided local law advice in Bulgaria, Romania, Turkey, and Ukraine to Arkema SA on its acquisition of the Dutch sealant-and-adhesives maker Den Braven from Egeria, a Benelux buyout house. The deal, which was valued at EUR 485 million, was managed by Loyens & Loeff.

Paksoy is reporting that, working closely with global counsel Freshfields Bruckhaus Deringer, it provided local Turkish advice to the lenders on a EUR 120 million facility granted to Luxembourg Investment Company 43 S.a r.l and OnlinePizza Norden AB, affiliates of Delivery Hero. Dentons and Herguner Bilgen Ozeke advised the borrowers on the deal.

Linklaters and Herguner Bilge Ozeke have advised beIN Media Group on its successful acquisition of Digiturk, the leading pay-TV operator in Turkey, from the Cukurova Group and funds controlled by Providence Equity Partners. White & Case advised the Cukurova Group and Slaughter & May and GSI advised Providence Equity Partners on the deal, which completed on August 26, 2016.

The Balcioglu Selcuk Akman Keki Attorney Partnership (BASEAK) has advised the EBRD on its investment in Aksa Enerji Uretim A.S.’s Turkish lira-denominated bonds of 3 years maturity. The value of the investment was TL 100 million (approximately EUR 30 million).

Bit by bit the first wave of expatriate lawyers that helped CEE and CIS legal markets transition from the chaotic end of communism to the (more or less) functioning capitalist present subsides, as one by one those lawyers retire and withdraw. Now comes the announcement that Baker & McKenzie Partner Dan Matthews, who played a formative role in the firm’s Moscow, Baku, and Istanbul offices, will be retiring and returning to the United States on July 1, 2016.

We take the opportunity to review the career and contributions of Matthews, one of CEE’s undisputed Building Blocks

The Buzz is a short summary of the major and relevant topics of interest in Central and Eastern Europe, provided by those best positioned to know: law firm partners and legal journalists/commentators on the ground in each CEE country.

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.

All News about, and Legal Analysis by, TURUNÇ can be found here.

Firm's website: www.turunc.av.tr


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