Sat, Dec
45 New Articles

By publishing its reasoned decision1 on the preliminary inquiry against Duru Bulgur Gida San. ve Tic. A.S. (“DURU”), the Turkish Competition Authority (“TCA”) has added a new one to its decisions which include effect analysis of resale price maintenance (“RPM”) practices.

Cakmak in cooperation with White & Case has advised ERG Otoyol Yatirim ve Isletme A.S. on a loan of approximately EUR 1.1. billion meant for the Ankara-Nigde Motorway Project from Credit Suisse AG, Turkiye Is Bankasi A.S., Turkiye Vakiflar Bankasi A.S., Yapi ve Kredi Bankasi A.S., and the Kuwait Turkish Participation Bank Inc.

The Turkish Competition Board (the “Board”) has recently published its reasoned decision  with respect to its ex officio preliminary investigation on (i) the validity of the non-compete obligation in the articles of association (“AoA”) of a joint venture company, namely WKS Istanbul Tekstil Kalite Kontrol Hiz. Ltd. Şti. (“WKS Istanbul”), which is active in quality control of textiles and (ii) the parties’ request for negative clearance of the relevant non-compete obligation.

Linklaters has advised Turkey’s Garanti Bank on its issue of USD 75 million of so-called "gender bonds," focused on financing small enterprises and companies owned or managed by women in Turkey. The issue — the first such in an emerging market — was subscribed by the IFC, a member of the World Bank Group.

Paksoy has advised Turkish energy company Enerjisa on its acquisition of the majority of shares in Esarj, a company operating in the electric vehicle charging station sales and installation sectors.

Turkey carries its position of attraction from the foreign direct investments despite the temporary volatility from time to time. In line with the trends different sectors shine out and consequently different instruments attract investors. Real Estate sustainably carries its prominent investment instrument position due to functions and consistent yields.