CEE Legal Matters In-depth coverage of the news and newsmakers that shape Europe's emerging markets 
An interview with Asli Basgoz of White & Case and Emre Ozsar of GKC Partners about their firms’ work on the CEE 2019 Deal of the Year for Turkey: Sisal’s successful bid to operate the Turkish State Lottery.
Bora Kaya, the former Managing Legal Counsel at Gama Power Systems Engineering and Contracting, has become Chief Legal Officer of Gama Holding.
Altug Ozgun, Astella Pharma's Ethics & Compliance Director in Turkey, is joining the recently established Cetinkaya Attorneys-at-Law firm as a Partner.
Antitrust authorities follow closely the transformation in communication technologies with the intent to preserve the efficiency of their investigative practices and evidence search, during handling their cases. Otherwise the authorities will be on the verge of losing their operability in detecting and proving infringements. A fresh amendment on Turkish Competition Act clarifies Turkish Competition Authority’s (TCA) powers associated with down-raid regarding digital documents. In this brief article, we authored TCA’s recent Burdur LPG Case, TCA imposed fine on LPG retailers of the city of Burdur, based on the evidence extracted from WhatsApp communication between executives of the undertakings.
Turkish lawyers Semih Metin and Seval Cicek have founded the MC Legal law firm in Istanbul.
Stay informed about the latest developments in competition law in Central and Eastern Europe with Schoenherr's multi-jurisdictional newsletter. Each issue offers insight into developments in merger control, anti-trust, as well as public and private enforcement in the region.
Kinstellar has advised Vivense and its CEO and founder, Kemal Erol, on a USD 130 million investment into the company by the Actera Group, a private equity firm focusing on investments in Turkey.
Aksan has advised Paket Mutfak Gayrimenkul Isletmeciligi ve Hizmetleri Anonim Sirketi and its shareholders on its latest investment round.
Balcioglu Selcuk Ardiyok Keki Attorney Partnership has advised Anatolia B.V., a subsidiary of agricultural exporter Tiryaki Agro Foods Industry, on the sale of 25.58% shareholding in Sunrise Foods International Inc. to Hassad Holdings Canada. Dentons advised Tiryaki on English law matters, while Herguner Bilgen Ozeke advised Hassad on the deal.
A recent law proposal which provides significant changes to the Law on Regulation of Broadcasts via Internet and Prevention of Crimes Committed through Such Broadcasts ("Law No. 5651") has been published on Grand National Assembly of Turkey's ("TBMM") website yesterday ("Proposal"). The Proposal mainly introduces obligations on social network providers with over 1 million daily access from Turkey.
Turunc and Cooley have advised US-based private equity fund Riverwood Capital on its investment in Insider, a growth management platform for digital marketers. Riverwood led the USD 32 million investment round, which included participation from Sequoia, Wamda, and Endeavor Catalyst.
The Turunc Law Firm has advised a group of private investors led by Cetin Yilmaz on their acquisition of MCI's majority stake in online travel agency Tatilbudur from Polish private equity fund MCI. The Yalcin Babalioglu Kemahli Attorney Partnership advised MCI on the deal, while Akol Law advised shareholder Is Girisim. Tatilbudur was reportedly advised by Yondem Yigit Uclertopragi.
The Turunc Law Firm, working alongside Travers Smith, has represented Micro Focus in its acquisition of Atar Labs from founders Burak Dayioglu, Murat Tora, and Gokhan Say and investor Diffusion Capital Partners. The sellers were represented by Caliskan Okkan Toker.
Cakmak has advised Landesbank Baden-Wurttemberg and KfW IPEX-Bank GmbH on the financing of 132 MW Phase 2 investment in Lodos Karaburun Elektrik Uretim A.S’s wind farm in the Izmir province of Turkey.
BTS & Partners has advised QNBeyond Ventures, the venture arm of QNB Finansbank, on an unspecified investment in cloud-based accounting software and financial application platform Kolaybi. The Uysal Law Firm reportedly advised Kolaybi's shareholders, including its founders and HUB Venture Capital.
The long-lasting bill of Law on The Act on the Protection of Competition (The Competition Act) was ratified by Turkish Parliement on 06.16.2020. This amendment is the most extensive reform of antitrust enforcement system since the enactment of the Competition Act in 1994. The most significant changes are explained below:
On 28 June 2020 issue of official gazette Turkey Payment and Electronic Money Association Statute is published and with that Turkey Payment and Electronic Money Association is formed. Pursuant to Article 7 of this statute, “All payment and electronic money institutions are obliged to become a member of the association within one month after obtaining an operating license. Organizations that do not fulfill this obligation by the association shall be notified to the Central Bank of the Republic of Turkey."
On June 10, 2020, CEE Legal Matters reported that Allen & Overy and Gedik & Eraksoy had advised on an ESG-linked syndicated loan facility for Turkey’s Garanti BBVA. We spoke to Ebru Dildar Edin, Executive Vice-President at Garanti BBVA, to learn more about the facility.
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