Former ELIG Gurkaynak Senior Associate Cigdem Gizem Okkaoglu has joined Gunay Erdogan Attorneys at Law as a Partner in Ankara.
With the Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and Establishment of the Contractual Relationship on Electronic Medium ["Amendment"] [available only in Turkish] published by the Banking Regulation and Supervision Agency ["BRSA"] in the Official Gazette dated 25.05.2023 and numbered 32201, the scope of persons who may use remote identification services has been expanded.
Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Revo Capital on its investment in FileOrbis.
With the Communiqué on Principles Regarding Companies Whose Shares Will Be Traded on the Venture Capital Market [II-16.3] [“Communiqué”] published in the Official Gazette on 18.5.2023, the procedures and principles regarding the sale of non-public joint stock companies to qualified investors for trading in the stock exchange came into effect.
Schoenherr, working with Luther and Hogan Lovells, has advised the Cargo-Partner Group Holding on its EUR 1.4 billion sale of Cargo-Partner GmbH and 60 other subsidiaries to Nippon Express Holdings. Freshfields Bruckhaus Deringer advised the buyer.
Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised APY Ventures' Bilisim Vadisi Venture Capital Fund and Ostim Venture Capital Fund on their investment in Buyutech.
Former Guner Law Office Partner Omer Erdogan has joined Kinstellar Turkish affiliate Gen & Temizer Ozer as a Partner in Istanbul.
Due diligence review, which is frequent in acquisition transactions, basically refers to an examination of the target company prior to the buyer's acquisition. This term originates from Anglo-American legal system, and Swiss-Turkish doctrine has yet to generate a new term and thus uses the term “due diligence” in their legal terminology.