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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.

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.

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