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Today, more than 90% of cyber-attacks start with a phishing e-mail and every 40 seconds a company gets hit by a ransomware. Therefore, it is crucial to be well-educated regarding suspicious e-mails. Following warnings and tips of course indicate only an introduction to the safety measures that could be taken to avoid suspicious emails or spotting them at once.

Paksoy has advised CS Wind, a wind tower manufacturer headquartered in South Korea, on its purchase of 100% shareholding in Ege Tower, based in Izmir. The deal is expected to close by the end of May 2018, and is subject to fulfillment of corporate and regulatory requirements.

Paksoy has advised Doktas Metal on the sale of 93.57% shares of Turkish automotive manufacturer Doktas Dokumculuk to Celik Holding, which is a member of the Guris Group.

The share purchase agreement was signed on May 11, 2018. The completion of the transaction is subject to clearance from the Turkish Competition Board as well as the creditor banks of Doktas Dokumculuk.

The Paksoy team consisted of Partner Togan Turan, Counsel Okkes Sahan, and Senior Associate Serdar Ildirar.

Each day, cyber security becomes more and more important than physical security and it is the hottest topic all over the world nowadays. Despite the developing awareness, cyber-attacks increased significantly and more importantly most of them succeed to give colossal damages. So, what shall we do legally or is there anything we could do once we are under attack?

Kocian Solc Balastik, Linklaters, BLC Law Office, Paksoy, and Tsvetkova Bebov Komarevski have acted as legal counsels to Energo-Pro a.s. in its EUR 250 million Eurobond issue in London, advising on Czech, English, Georgian, Turkish, and Bulgarian law, respectively. The Joint bookrunners and the trustee were advised by Allen & Overy's London and Prague offices, Tbilisi-based BGI Legal, Boyanov & Co. in Sofia, and Istanbul-based Gedik & Eraksoy.

Former Paksoy lawyer Burak Kepkep has become the new General Counsel at Polat Enerji San. ve Tic. A.S. in Istanbul, taking over from Melis Alkan Bolukbasi, who left spending four years with the company.

Balcioglu Selcuk Akman Keki Attorney Partnership and Dentons have advised Isdemir, a member of the Oyak Mining Metallurgy Group, on the incorporation of a joint venture with Linde Group, to build a new air separation unit at the Iskenderun premises of Isdemir.

Baseak has advised Tiryaki Agro Gida Sanayi ve Ticaret A.S., a Turkish agricultural products exporter, on a long-term loan facility of USD 65 million, extended by a syndicate led by Dutch development bank, FMO, the EBRD, and Proparco. The lenders were advised by lawyers from Hogan Lovells's offices in London, the Netherlands, and UAE.

BASEAK and Dentons have advised Entek Elektrik Uretimi A.S., a subsidiary of Koc Holding, on its acquisition of the Menzelet and Kilavuzlu hydropower plants from Turkey's Privatization Administration. The lenders of the project, a syndicate of Turkish and international commercial banks and EBRD, were represented by Clifford Chance and Yegin Ciftci Attorney Partnership. 

The Law on the Amendment of Certain Laws for the Improvement of the Investment Environment No. 7099 (“Law”) was published in the Official Gazette last month (March 10, 2018) and introduced significant amendments to various laws, including the Turkish Commercial Code No. 6102 (“TCC”), the Tax Procedural Law, the Law on Legal Fees and the Law on Movable Property Pledges in Commercial Actions.

Paksoy has advised the Akfen Group on agreements to construct and service four wind farms with a total capacity of 242 MW in the Turkish cities of Canakkale and Denizli. As the EPC contractor and service provider, Siemens Gamesa will supply and install 81 turbines for these projects, each with 3 MW capacities, and provide long term maintenance service.