Turunc has represented Eigenmann & Veronelli S.p.A (E&V) in its acquisition of the shares held by its joint venture partners in E&V's Turkish affiliate, Eigenmann & Veronelli Kimyasal Ticaret ve Sanayi A.S. The sellers — Ipek Mustecaplioglu, Ismet Mustecaplioglu, and Reis Pazarlama ve Ticaret Limited Sirketi — were represented by Bumin & Varlik.
Partner Cem Davutoglu — whose firm’s August 2014 merger with the Bener Law Office was widely acknowledged to be the first such combination in the Turkish legal market — has now left Bener to become Legal Counsel at Akbank in Istanbul.
Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.
Turunc has advised Charlesbank Capital Partners on Turkish aspects of its acquisition of a controlling interest in Plaskolite. The Serap Zuvin Law Offices advised Plaskolite on Turkish aspects of the deal. The US counsels on the deal were Goodwin Procter for Charlesbank and Vorys, Sater, Seymour and Pease for Plaksolite.
Kolcuoglu Demirkan Kocakli has advised the European Bank for Reconstruction and Development in it acquisition of a minority stake of the Turkish port operator Global Ports Holding (GPH) in a move to boost the company’s operations. The Akol Law Office advised GPH (or Global Liman Isletmeleri AS, as it is known in Turkey).
Pinar Aksakal Aydin is Legal Counsel at Zorlu Holding, one of the largest corporate groups in Turkey, where she leads Zorlu Energy, managing a team of 11 lawyers and reporting directly to the Zorlu Holding Head of Legal. Zorlu Group companies are active principally in the areas of textiles, electronics manufacturing, energy, and financial services. Aydin joined Zorlu Holding in January 2009 and – with the exception of a brief period at Avea Iletisim Hizmetleri in 2012 – and has been there since. Before joining Zorlu Holding she spent a year at the well-known Eryurekli & Fidan law office, and a little over a year at the Salih Zeki Bayten law office.
Baker & McKenzie and the Esin Attorney Partnership, its Turkish arm, have advised a group of commercial lenders on the EUR 541 million Adana Integrated Healthcare Campus Project, one of Turkey's first Public Private Partnership (PPP) hospital projects to reach financial close. Willkie Farr & Gallagher advised the sponsors and White & Case acted for the overall lender group.
The Turkish legal market is, if not “over-lawyered,” at least populated by an unusually large and ever-growing number of smaller firms led by lawyers with significant international and cross-border experience. As a result, complaints about downward fee-pressure are more common than in many other markets, and the competition for clients is unusually fierce.