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42 New Articles

The Decision Amending the Decree No. 32 on the Protection of the Value of Turkish Currency (the “Decision”), published in the Official Gazette on March 15, 2025, has introduced significant changes to the financial regulations in Turkey. In this context, let us examine the newly introduced regulations and the updated provisions together.

Kyriakides Georgopoulos has advised the European Investment Bank and Piraeus Bank as the lenders on structuring and financing the University of Crete Student Accommodation Public-Private Partnership project, awarded to Aktor Group.

DLA Piper has advised arrangers and lenders Erste Group Bank and Raiffeisenlandesbank Niederiesterreich-Wien on the amendment and extension of an originally EUR 130 million term loan facility provided to GTC Galeria CTWA.

Cerha Hempel has advised Vienna Insurance Group on a two-fold capital restructuring transaction. Wolf Theiss and Linklaters advised the banking syndicate including BNP Paribas, Erste Group, HSBC, ING, and UniCredit.

Conduction of business activities is not possible without possessing a bank account. Business entities[1] are required to open bank accounts, manage all funds through these accounts, and make all payments via these accounts[2], with banks being the only authorized institutions to open and maintain bank accounts[3].

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