Baker McKenzie Turkish affiliate Esin Attorney Partnership has advised Akbank on securing a 367-day syndicated loan from international markets in two tranches: USD 265.5 million and EUR 318.45 million.

In Turkish law, for a representative to be able to enter into a binding arbitration agreement on behalf of a principal, they must be specifically authorized by the principal (Turkish Code of Obligations Article 504/3 and Turkish Civil Procedure Law Article 74). An arbitration agreement made by a specially authorized representative can only become binding with the approval of the principal. For example, the commencement of arbitration proceedings by the principal personally may indicate the granting of this approval.

Turkish lawyer Damla Aygun Yararca was appointed to the role of Head of Legal, Ethics, Compliance & Quality by Novo Nordisk. 

In accordance with the Turkish Code of Obligations No. 6098 ("TCO"), lease relations are categorised under three main headings: (i) general provisions, (ii) residential and roofed workplace leases, and (iii) product leases. Properties to be leased as offices, warehouses, etc. for the purpose of conducting commercial activities will be subject to the provisions of "Residential and Roofed Workplace Leases".

The ongoing search for alternative accommodation in Turkey’s tourism sector is transforming the short-term rental of secondary residences into a new branch of trade. This growing practice has prompted Turkey’s Ministry of Culture and Tourism (the “Ministry of Tourism”) to take concrete steps to determine the criteria for the rental of residences to both real and legal persons for tourism purposes.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Iffco Singapore on its acquisition of Felda Iffco Food Industry and Trade in Turkiye.

Turkish lawyer Emre Botan Kumet has joined Copyright Capital as its Head of Legal & Business Affairs in London.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Hedef Filo on its acquisition of Letgo Mobil. The Amsterdam office of Allen & Overy reportedly advised OLX Autos on the sale.

Turunc has advised Bogazici Ventures on its investment in Cerebrum Tech.

Turkish firm Erdem & Erdem has announced a new office in the Netherlands has opened for business on October 9, 2023.

The Aksan law firm has advised APY Ventures on its investment in Istanbul-based children-focused computer games company Gamester Kids.

Turkish lawyer Soley Guzel was appointed by Roche Pharmaceuticals as its Legal Director of Roche Diagnostics Asia-Pacific.

White & Case Turkish affiliate GKC Partners has advised Zurich Insurance Group subsidiary Zurich Sigorta on its acquisition of 99.78% of the issued share capital of Mapfre Yasam Sigorta from Mapfre Sigorta AS.

Former TAV Construction Legal Director has joined Samsung Electronics in Istanbul as its Director of Legal Affairs.

The Cetinkaya Law Firm has advised Merzigo on its monetization agreements with the Dogus Media Group and the Fox TV channel.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Adsby on its seed funding round led by Inveo Ventures and including KT Portfoy Yonetimi Lonca GSYF and angel investors.

Former Guner Law Office Partner Burcak Kurt Bicer and Department Head Can Guner left the team to set up the new Bicer Guner Attorneys-at-Law firm in Istanbul as Partners.

Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership have advised joint bookrunners BNP Paribas, Goldman Sachs, JP Morgan Securities, Deutsche Bank, Emirates NBD, MUFG Securities EMEA, PNC Capital Markets, and Bank of China (Europe) on the successful USD 800 million offering of 9.50% senior secured notes by WE Soda Holdings Investment.