In The Corner Office, we invite Senior and Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. For this issue, we asked them to describe their least favorite part of their jobs.
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.
Egemenoglu is working alongside co-counsel Butzel Long in representing Lotus Holding Anonim Sirketi in an Energy Charter Treaty claim against Turkmenistan at ICSID involving the Turkish group’s investment in two power plants and a refinery. Curtis Mallet-Prevost Colt & Mosle is representing Turkmenistan in the action, which is based on both the ECT and the 1997 Turkey-Turkmenistan bilateral investment treaty.
Paksoy has provided Turkish advice to Odea Bank A.S. on its August 1, 2017 issuance of USD 300 million Basel III compliant Tier 2 bonds due 2027 — the bank's first ever Tier 2 bond issuance. Bank of America Merrill Lynch and J.P. Morgan — advised by Allen & Overy and Gedik & Eraksoy — were Joint Bookrunners and Joint Lead Managers, with Audi Investment Bank acting as the Co-Manager.
Istanbul, as one of the most populated cities in the world with a population of almost 15 million people, uses various modes of public transportation which are metro, light rail, funicular, tram, suburban train, bus rapid transit, highway bus, sea bus, and ferryboat. Apart from these modes of public transportation, people in Istanbul often use private transportation which might be listed as private car, private highway bus, taxi, and sea taxi.