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The Esin Attorney Partnership, a member firm of Baker & McKenzie International, has advised Burgan Bank on on a USD 87 million and EUR 57 million syndicated multi-tranche term loan agreement with 13 banks from 8 countries. Paksoy advised the lending banks on the deal, with Hogan Lovells advising on English law aspects.

I. Introduction

The current Law on Civil Procedures (the “LCP”) numbered 6100 had entered into force on October 1, 2011 but the new appellate procedures introduced by the Law numbered 5235 on September 26, 2004 and repeated in the LCP had not entered into force due to the fact that regional courts of justice hadn’t been established and non-operational.

Bezen & Partners, working alongside international counsel, Watson Farley & Williams has advised China Aircraft Leasing Group Holdings Limited (CALC), the largest independent operating aircraft lessor in China, has closed its first Japanese Operating Lease with a Call Option (JOLCO) financing in relation to two new Airbus A320 delivered to Pegasus Airlines in June. Pegasus Airlines — Turkey’s leading low cost airline — will be CALC’s first customer in Europe.

On Friday, The Turkish newspaper Hurriyet reported that YukselKarkin — the largest law firm in Turkey, which was, until December 2014, associated with DLA Piper in the country — had been raided by “armed police," with four of the firm’s partners taken into custody.

Paksoy has advised the EBRD and IFC on their acquisition of a 5% stake in Akfen Yenilenebilir Enerji A.S., which holds the renewable energy asset portfolio of Akfen Holding A.S., constituting of hydro, wind, and solar energy investments. Closing took place on June 12, 2016 after clearance from the Turkish Competition Authority and Energy Market Regulatory Authority was obtained.

Schoenherr has advised the Mondi Group (consisting of Mondi Limited and Mondi plc) on the acquisition of 90% of the outstanding share capital in Turkish Kalenobel for a consideration of around EUR 90 million on a debt-and-cash-free basis from ARGUS capital, a CEE focused private equity group, and M. Olcay Hephiz, one of the company's founders. Kolcuoglu Demirkan Kocakli advised the sellers on the deal, which closed on July 12, 2016 following competition clearance and other customary closing conditions.

Paksoy, working together with Latham & Watkins, has advised Comdata, the Italian industrial partner for BPO (Business Process Outsourcing) held by the Carlyle Group, on its acquisition of Win Bilgi Iletisim Hizmetleri A.S., a leading call center services provider in Turkey. Yazici Legal advised the seller, Ugur Turkmen, on the deal.

The Esin Attorney Partnership (EAP), a member firm of Baker & McKenzie International, has advised ING Group’s Turkish subsidiary on a syndicated loan obtained for general trade finance purposes. Balcioglu Selcuk Akman Keki Attorney Partnership (BASEAK), working alongside Dentons, advised the lenders.

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