White & Case Turkish affiliate law firm GKC Partners has advised Zorlu Enerji on the USD 100 million tap issuance of senior guaranteed sustainability-linked notes due 2030. Baker McKenzie and its Turkish affiliate law firm Esin Attorney Partnership reportedly advised on the transaction as well.

The ultimate aim of judicial proceedings is to resolve disputes substantively and eliminate legal uncertainty between the parties. The most critical phase of this process is the “judgment”, which constitutes the final decision rendered by the courts. However, although a judgment is a decision that concludes the trial, in some cases, it may not produce legal effects, meaning it is considered “ineffective”.

The final and binding nature of arbitral awards provides legal predictability to the parties while also allowing for the possibility of material errors or omissions in the arbitral decisions.

Contributed by Balcioglu Selcuk Eymirlioglu Ardiyok Keki Attorney Partnership.

Turunc has advised Laboratoires Vivacy on a partnership with Burgeon Biotechnology. Allen Overy Shearman Sterling's Turkish affiliate law firm of Gedik Eraksoy reportedly advised Burgeon.

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.

CMS has advised Synlab International on the sale of its business activities in Eastern Europe – including its entities in Croatia, North Macedonia, Romania, Slovenia, Turkiye, and Cyprus – to Medicover Group. Schoenherr advised Medicover.

An exclusive evidentiary contract is a type of agreement in which the parties undertake to accept the assessment of a person or panel appointed to evaluate certain technical or expert matters related to a specific dispute. This agreement, particularly used in areas requiring technical expertise, functions as an evidentiary contract and carries binding consequences for the parties.

Erdem & Erdem has advised on the merger of Moka Odeme ve Elektronik Para Kurulus and Birlesik Odeme Hizmetleri ve Elektronik Para.

Aksan has advised Oxtech Ventures on its investment in Fazla.

Keco Legal has advised Feraset on its USD 4.5 million investment round.

On the evening of April 1, 2025, the Deal of the Year Awards Banquet brought together, under the same roof, over 200 top-tier lawyers from Central and Eastern Europe's leading law firms and General Counsel from across the region in Prague.

Turkiye has long had one of the lowest non-performing loan (NPL) rates in Europe, but recent years have seen some ups and downs. Between 2017 and 2020, the rate fluctuated between 3.25% and 3.46%. During the pandemic, the rate dropped significantly as borrowers benefited from extended loan payment schedules. Thereafter, the rate rose briefly before falling below the European Union average of 2.27% in 2023. Since the beginning of 2024, however, rising interest rates have pushed the NPL rate back up, to 1.71%. Experts expect the rate to rise to 2.5% by the end of the year, above the EU average and a challenge for borrowers and lenders.

Paksoy, working with Linklaters, has advised Actera Group and Esas Holding on their exit from Mars Spor Kulubu to Benefit Systems. Herguner Bilgen Ucer and Moskwa Jarmul Haladyj advised Benefit Systems.

Aksan has advised on the establishment of the PCP Capital Partners venture fund. 

White & Case and its Turkish affiliate law firm GKC Partners have advised Morgan Stanley as the bookrunner on the Rule 144A/Reg S debut Eurobond issuance by GDZ Elektrik. Unsal advised GDZ Elektrik.

White & Case and its Turkish affiliate GKC Partners have advised Fingen on establishing a joint venture with Kalyon for the development of the Florentia Village designer outlet project. 

Pursuant to the Competition Board’s (“Board”) decision dated 15.12.2022 and numbered 22-55/850-M, an investigation was initiated to determine whether Nestle Türkiye Gıda Sanayi AŞ (“Nestle”) infringed Article 4 of the Law No. 4054 on the Protection of Competition (“Competition Law”) by (i) setting the resale price of its distributors and (ii) imposing regional and customer restrictions on them.