The Regulation Amending the Regulation on Principles and Rules to be Applied in Retail Trade ("Amending Regulation") published in the Official Gazette dated December 14, 2023, and numbered 32399, introduced certain amendments to the Regulation on Principles and Rules to be Applied in Retail Trade published in the Official Gazette dated 06.08.2016 and numbered 29793. These mainly cover (i) unfair commercial practices in the supply chain and (ii) payments related to commercial activities between the producer, supplier, and retail business.

Lexist, working with King & Spalding, has advised the Aydin Group on the sale of a 20% shareholding in the TOM financial group of companies – including a digital participation bank, licensed e-money and payment services company, and a licensed financing company – to the Dubai Islamic Bank. Norton Rose's Dubai office and its Turkish affiliate Pekin Bayar Mizrahi reportedly advised the DIB.

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Laton Ventures on its investment in Sequel Games. 

Dentons Turkish affiliate Balcioglu Selcuk Ardiyok Keki has advised Revo Capital on its investment in Roamless.

Paksoy has acted as transaction counsel on the Borsa Istanbul TRY 5.5 billion IPO of the Avrupakent GYO real estate company.

Turunc has advised Gelecek Etki Fonu on its investment in Brandefense in a round that included Sabanci Ventures, AK Portfoy, the Technology Development Foundation of Turkiye, TechOne, and Finberg. Kutadgu & Arsin advised Brandefense. Reportedly, BASEAK and the Diamond Law Group advised Sabanci Ventures, while BTS advised the Technology Development Foundation of Turkiye.

Aksan has advised TurkTraktor on its investment in crop monitoring company Agrovisio.

Guleryuz Partners has advised Mercan Kimya on its acquisition of 30% of shares in Fevup Brands. Juris Attorney Partnership advised Fevup Brands.

Turunc has advised Bogazici Ventures on its investment in indie gaming company Last Bite Games.

Dispute resolution clauses in contracts include arbitration agreements stating that the parties will attempt to resolve their disputes through mutual negotiation before going to arbitration proceedings, and if the dispute cannot be resolved in this way, arbitration proceedings will be resorted to.

Balcioglu Selcuk Ardiyok Keki, working with the Paris office of Dentons, has advised 212 VC on its recent investment into Flow48.

On November 21, 2023, corporate/M&A and private equity experts from Bulgaria, Greece, Hungary, Kosovo, Moldova, Romania, Serbia, Slovakia, Turkiye, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the key developments in the field over the past decade.

KP Law Managing Partner Onur Kucuk talks about the evolution of the sector and their role as legal advisors in Turkiye over the last 10 years.

Guleryuz Partners Partner Zahide Altunbas Sancak talks about the evolution of the energy sector and their role as legal advisors in Turkiye over the last 10 years.

Dentons and its Turkish affiliate Balcioglu Selcuk Ardiyok Keki have advised the lenders on QNB Finansbank's dual currency loan including USD 241.5 million and EUR 235.7 million.

Charting Turkiye's choppy seas, Kolcuoglu Demirkan Kocakli Partner Bihter Bozbay Inan dives into the country's strengthening economic ties with the Middle East, its fiscal policies and upcoming local elections, and digital transformations in the banking sector.

Egemenoglu has advised the shareholder of Oktrade Kimya on the sale of the company to Azelis.

Contributed by Guleryuz & Partners.