The Moral Law Firm has announced that Ozgur Guner has been promoted to Managing Associate at the firm and will head the firm's Employment department.
The Esin Attorney Partnership and Baker McKenzie have advised BRF S.A., one of the biggest poultry producers in the world, on its acquisition of a 79.48% stake in Banvit Bandırma Vitaminli Yem Sanayi A.S, a prominent Turkey-based poultry company. The controlling shareholders of Banvit were advised by the Cigdemtekin Dora Cakirca Aranci firm (CDCA).
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.
Czech lawyer Ivan Nechvatal has spent the past five years at CEZ, becoming a Corporate Governance Advisor - Turkey in July of this year. Based in Istanbul, Nechvatal participated in the 2016 General Counsel Summit in the city and was kind enough to share his thoughts on working in the Queen of Cities.
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.
On July 15, 2016, the streets of Istanbul and Ankara erupted in violence during a surprise – and ultimately unsuccessful – coup d’etat attempt against the Turkish government and Turkish President Recep Tayyip Erdogan. By the time the coup had been put down, over 300 people had been killed and more than 2,100 were injured.
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.
Under the Code of Enforcement and Bankruptcy dated June 9, 1932 and numbered 2004 (the “Code”), the companies established under the Turkish Commercial Code dated January 13, 2011 numbered 6102 (the “TCC”) and persons who are bound by the provisions for the tradesmen of the TCC are subject to bankruptcy when their debts exceed their assets. In such an event, declaration of bankruptcy should be requested from the court by those who are authorized representatives of such persons or entities (e.g., the board of directors for joint stock companies).
Paksoy has advised Coventya Beteiligungs GmbH, a specialty chemicals company active in the field of surface treatment, on its December 21, 2016 agreement to acquire 80% of the shares in Politeknik Metal Sanayi ve Ticaret A.S. from its shareholders. Tolga Ismen advised the sellers on the transaction, which remains subject to fulfillment of certain conditions precedent.