The Esin Attorney Partnership has advised the lenders in relation to USD 160 million and EUR 69 million Dual Currency Murabaha Facilities provided to Ziraat Katilim Bankasi A.S. ABC Islamic Bank acted as agent, HSBC Bank Middle East Limited acted as facility coordinator, and 13 international banks acted as documentation agents. The lenders included 13 international banks.

Yegin Ciftci Attorney Partnership has advised Alcazar Energy Partners, an independent developer and power producer focused on renewable energy generation across the META region, on the acquisition of Yander Elektrik, a company holding a wind power plant license in the western region of Turkey Izmir, Mersinli. The sellers were individual shareholders, represented by sole practitioner Guliz Ucar.

Balcioglu Selcuk Akman Keki Attorney Partnership has advised Yildiz Holding on the 220 million TRL sale of its Orgen Gida affiliate and its Bizim Mutfak brands to the Japanese food and chemical corporation Ajinomoto Co., Inc. Paksoy advised the buyers on the deal.

Balcioglu Selcuk Akman Keki Attorney Partnership has advised ThyssenKrupp Access Solutions GmbH on the termination of its joint venture in ThyssenKrupp Encasa Asansor Sanayi ve Ticaret A.S. and the sale of its shares to joint venture member EMT Asansor.

The Esin Attorney Partnership and Baker McKenzie have advised Global Ports Holding, the world's largest independent cruise port operator, on its initial public offering on the London Stock Exchange. Cleary Gottlieb advised the banks on the deal, which closed on May 17, 2017.

Paksoy has advised Anadolu Endustri Holding on its acquisition of the final 19.50% shares in MH Perakendecilik from Moonlight Capital S.A. through a put option process as per the Share Purchase Agreement of December 31, 2014, giving Anadolu Endustri ownership of 100% of the company. Pekin & Bayar acted as local counsel and Dickson Minto as foreign counsel to Moonlight Capital S.A.

Esin Attorney Partnership has represented the shareholders of Eko Faktoring A.S. in their acquisition of the remaining 18.4% of shares in Cooperatieve BVS Financial Services.

Ilyashev & Partners is reporting that the UAH 25 million award of damages it obtained for the Antonov State Company in 2012 in a dispute with the General Directorate of State Airports Authority of Turkey and its underwriters has now been received in full by its client.

November 7th 2017

5 October 2017 - Belgrade, Serbia, Metropole Palace Hotel

Hogan Lovells has advised Aktif Bank on the first sukuk ever to be listed on the Global Exchange Market of the Irish Stock Exchange (ISE).

Although the economic needle of the Turkish compass suffers through changes and deviations in the recent years, energy sector (mainly renewable/sustainable) remains true to its nature of sustainable growth and energy.

Is Sustainability Possible in Family Businesses? 

As is known, family businesses carries a crucial importance not only in Turkey but also in global sense in economic life. Family companies contribute nearly %75 of GNP and %85 of employment in Turkey. 

Paksoy is reporting that it advised EBRD on its acquisition of a majority stake in Turkey's Korozo Ambalaj producer of flexible packaging, made along with the Esas Holding venture capital firm and the Actera private equity investor.

The Esin Attorney Partnership and Baker McKenzie's Paris and Frankfurt offices have advised the lenders in relation to USD 306,000,000 and EUR 956,500,000 Dual Currency Term Loan Facilities provided to Yapi ve Kredi Bankasi A.S.

Although mediation process entered into force about 5 years ago, due to many reasons, it has not caught up the expected effect yet, however, it seems determined to change this trend. It is possible to resort to mediation for resolving all kinds of private legal disputes arising from acts or transactions of real and legal persons.

KSB has acted for the Energo-Pro group on its acquisition of 100% of the shares in Murat Nehri (a Turkish company currently developing the 280 MW Alpaslan II Hydroelectric Power Plant on the Murat river in Mus province in South-Eastern Turkey) from Enerjisa Enerji Uretim — a 50-50 joint venture of the Turkish Sabanci Group and German E.ON. The Gurel Yoruker firm advised the sellers on the deal, which closed on April 28, 2017. Financial terms were not disclosed.

Erdem & Erdem has advised Anadolu Cam Sanayii Anonim Sirketi, the glass-making affiliate of the Sisecam Group, on its agreement to transfer 50% of the shares of Omco Istanbul Kalip Sanayi ve Ticaret Anonim Sirketi to Omco International N.V., which already held the other 50%. The Cerrahoglu Law Firm represented the buyer on the deal. Financial details were not disclosed.