During the past several months, one of the most debated and discussed issues in the Russian IT legal community has been last year’s declaration of “import substitution” – the requirement that software included in the Register of Russian Software be used in all state or municipal procurement procedures – by the Russian Government.
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.
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.