Whistleblowing transcends being a mere procedural checkbox – it is a lifeline for organizational integrity and accountability. It serves as a crucial mechanism for employees, business partners, and third parties to report unethical practices, illegal activities, or violations of company policies within their organizations.

Burcu Dal Gokalp has joined Guner Law as Partner.

In September 2024, Kinstellar announced that NLB's acquisition of Summit Leasing Slovenia (as reported by CEE Legal Matters on December 14, 2023) has now closed.

Paksoy has advised ACG Acquisition Company on its acquisition of Polimetal.

Kinstellar and its Turkish affiliate KST Law have advised Eleven Fund III Cooperatief on its USD 1.1 million seed investment in Magfi. May Law Office advised Magfi.

Turunc, working with DLA Piper's Atlanta office, has advised ICV Partners on its sale of Horizon Air Freight to GHK Capital Partners. Davis Polk & Wardwell reportedly advised the buyer.

Aksan Law Firm has advised Livzym Biotechnologies on a recent investment round led by Lallemand via its Swiss affiliate Danstar Ferment.

Former Verdi Partner Ayse Demirel Atakan has joined Paksoy as a Partner in the firm's corporate law, M&A, and private equity practice.

Clifford Chance has advised arrangers and dealers Emirates NBD Capital and Standard Chartered Bank on the establishment of Albaraka MTN Ltd.'s Shari’a-compliant trust certificate issuance program with Albaraka Turk Katilim Bankasi as the obligor.

Aksan Law Firm has advised Gundogdu Gida on its IPO.

Clifford Chance has advised the financiers on a EUR 300 million loan made available to Turk Eximbank under the guarantee of the Multilateral Investment Guarantee Agency.

Bezen & Partners has advised the Roenesans Group on a USD 165 million ECA financing from HSBC Bank Middle East and ING Bank, with coverage and guarantee from Euler Hermes for three wind farm projects. SZA Schilling, Zutt & Anschuetz reportedly advised Euler Hermes.

Clifford Chance has advised UKEF and Standard Chartered Bank on the UKEF and KUKE-covered green financing of EUR 249 million for Kaylon Enerji.

Summer is traditionally a slower period for many, including the legal sector, but, if used right, the time can pay dividends for law firms.

In the Inside Track, General Counsels across CEE share the nuances of their roles, challenges, and strategies for success. With organizations continuously challenged to adapt to new and complex legal frameworks, this time we asked: For the implementation of whistleblowing requirements, do you intend to use internal resources or outsource, and why?

Public-private partnerships (PPPs) are cooperation agreements between public and private sectors for providing public services traditionally provided by the state and funded by taxpayers. These partnerships involve sharing investments, risks, liabilities, and revenue between the parties, ensuring public welfare by addressing economic challenges in essential sectors. PPPs offer an alternative approach to traditional state-financed projects, allowing faster and more efficient construction of large-scale projects.

Baker McKenzie’s Turkish affiliate law firm Esin Attorney Partnership, working with Covington & Burling, has advised ACWA Power on the debt and ownership restructuring of its Turkish affiliate ACWA Guc. Paksoy and Milbank reportedly advised the lenders.

CCAO has advised Konfrut on its acquisition of 50% of the shares in Raz Food and Agriculture via a capital increase.