Early this year, on February 6th, 2017, the Ministerial Cabinet has published its decision on Pricing of Human Medicinal Products (“Decision”) and announced that the requirements of the Communiqué on Pricing of Human Medicinal Products (published in 2015) that do not conflict with the Decision, shall remain applicable.
Balcioglu Selcuk Akman Keki Attorney Partnership advised Henkel in connection with the acquisition of the remaining 50% equity in Eczacibasi Schwarzkopf Kuafor Urunleri Pazarlama A.S. from former joint venture partner Eczacibasi, giving it complete ownership of the exclusive distributor of Schwarzkopf Professional hair products in Turkey.
Balcioglu Selcuk Akman Keki Avukatlik Ortakligi acted as Turkish counsel and Dentons acted as English and United States counsel to Coca-Cola Icecek Anonim Sirketi, the Coca-Cola bottler for Turkey, Central Asia, Pakistan, and the Middle East, on its Rule 144A/Regulation S issuance of USD 500 million 4.215% Notes due 2024. Gedik & Eraksoy and Allen & Overy advised joint lead managers Citibank International, HSBC Bank, J.P. Morgan Securities, MUFG Securities EMEA, and BNP Paribas.
In order to ease the sophisticated and multifaceted disputes of today’s market; arbitration is started to become a widely selected resolution method also in Turkey similar to the global market; especially due to its concept of customizability, speed and efficiency. As each commercial transaction possesses a unique nature in terms of its components and conditions; the one who concludes complex transaction should be preferring arbitration; a tailor-made method of alternative dispute resolution.
4th and 5th of October 2017 in Casablanca, Morocco
Schoenherr has advised Austria's Greiner Packaging International GmbH on its acquisition of TGM1, thereby assuming ownership of all shares in Teknik Plastik Greiner Ambalaj Sanayi Ve Ticaret Anonim Sirketi, a prominent Turkish packaging and labelling company. Closing took place on August 23, 2017.
White & Case has advised the lenders and hedging banks, including JBIC, NEXI, SMBC, MUFG, Standard Chartered Bank, Nippon Life Insurance Company, Dai-ichi Life Insurance Company, and the Iyo Bank, on the USD 1.83 billion financing of the 2,682-bed Ikitelli Hospital public private partnership (PPP) in Istanbul, Turkey. Willkie, Farr & Gallagher advised the consortium leading the financing, construction, and operation of the Ikitelli Hospital campus, which includes Ronesans Health Investment and Sojitz.