Türkiye

Penezoglu Law Firm is a corporate law firm founded in Istanbul in 2003. It has a team of 19 lawyers.

Focusses / specialisms

The firm is active in corporate and M&A and has experience in capital markets. The capital markets team advises on IPO matters. The corporate and M&A team is experienced in advising mostly targets and sellers on acquisitions.

Key clients

Among the clients of the firm are Istanbul Portföy Yönetimi Anonim Şirketi, Inveo Yatırım Bankası Anonim Şirketi, Nefes Ekolojik Yatırımlar Anonim Şirketi, Beybadem Tarım Yatırımları Anonim Sirketi, Şefik Emir Yargıcı and Seda Yargıcı.

Full-service, Turkish law firm Aksu Çalışkan Beygo Attorney Partnership (ASC Law) was founded in 2001. The firm has more than 70 qualified lawyers.

Focusses/specialisms

The firm is active in all aspects of projects work including power, infrastructure and finance. The firm advises clients in the equity capital markets side and also has a focus on M&A.

Key clients

Key clients for the firm include Akkim Kimya Sanayi ve Ticaret, Bayerische Landesbank, Kolin İnşaat Turizm Sanayi ve Ticaret, Kalyon Yatırım Holding, Abu Dhabi Commercial Bank, Dap Gayrimenkul Geliştirme, Anadolu Grup, Doğuş Enerji Üretim ve Ticaret and Neriman Associates.

Research period review: 33rd edition (2023/2024) 

During the research period review, the firm was active in project finance, equity capital markets and M&A.

The project development team advised clients in the energy and infrastructure sectors.

Deal highlights: 33rd edition (2023/2024) 

Sur Tatil IPO

TOGG €10 million joint venture

T.C. Ziraat Bankası €1.24 million financing

Turkish law firm Ciftci Attorney Partnership has been working in cooperation with Clifford Chance since 2011, as the Turkish arm of the firm.

Focusses/specialisms

The firm regularly advises large international and Turkish companies in banking matters. Other areas of focus for the firm include M&A. The firm is known for is industry sector strengths in healthcare, infrastructure and energy.

Key clients

Key clients for the firm include Citibank, Goldman Sachs, Barclays, Credit Suisse, HSBC, Isbank, ICBC, JP Morgan, Bank of China, HSBC Bank, UniCredit, Kuwait Finance House, International Finance Corporation, Merrill Lynch International, Pfizer, Mapa Construction, Mastercard, Ziraat Bank and JPMorgan Securities.

Research period review: 33rd edition (2023/2024) 

During the research period, the firm was active in banking, project finance, debt capital markets and M&A.

The banking team took part in financing transactions, refinancing’s and project finances, and was active advising borrowers in the aviation sector.

Deal highlights: 33rd edition (2023/2024) 

Assa Abloy €8.5 million private acquisition

Garanti BBVA, Isbank, Yapı Kredi, TSKB, Denizbank €595 million restructuring

Citibank, Dubai Islamic Bank, HSBC and Kuwait Finance House €3 billion bond issue

Emirates NBD, Dubai Islamic Bank, HSBC and Standard Chartered €2.5 billion bond issue

EBRD €45 million project finance

Client feedback: 33rd edition (2023/2024)

Banking

“Very responsive, good team allocation, big support from UK and Dubai teams.”

“They take actions very fast and they are hardworking.”

“Clifford Chance, Turkey's significant strength is the outstanding people in the team lead by the partner Sait Eryılmaz. I really appreciate how reliable and responsible Sait and the team are. I know the team has a lot of deadlines coming up and I'm impressed with how well the team is handling their responsibilities with these tight deadlines. The team also keeps impressing me with their ability to quickly respond to any queries raised with adequate information.”

"Very helpful, talented, experienced as well as patient in difficult countries of operations.
 Served very well despite a number of challenge in these countries.”

“In Kutahya Transaction, CC Turkey team assisted us with its diligent work always.
In such a complex deal that has various parties including governmental bodies, financiers and companies, CC Turkey team has led us with its deep experiences.
In this transaction, they also advised us in Turkish jurisdiction in some aspects along with English law due to Project located in Turkey.

“With its huge expertise, CC Turkey team was also responsive to challenges and they were pre-prepared to the hurdles occurred thanks to they have already participated such deals in many times.
 From beginning to end, since the CC Turkey Team was with us, we made our decisions effectively as a Lender Group in a very tight timeline and we were able to reach the financial close of the transaction on time thanks to CC Turkey Team.”

M&A

“The team works very hard and is always available to provide advice. They strike a great balance between business judgement and risk management. They are responsive, professional and a pleasure to work with. They have deep knowledge and show full commitment to delivering the best possible result.”

“Both Itır and Deniz offer their clients strong legal expertise, strategy and constant availability. They know how to find and simply explain solutions addressing the most complex difficulties.”

Project development

“Clifford Chance, Turkey's significant strength is the outstanding people in the team lead by the partner Sait Eryılmaz. I really appreciate how reliable and responsible Sait and the team are. I know the team has a lot of deadlines coming up and I'm impressed with how well the team is handling their responsibilities with these tight deadlines. The team also keeps impressing me with their ability to quickly respond to any queries raised with adequate information.”

“Clifford Chance, Turkey's significant strength is the outstanding people in the team lead by the partner Sait Eryılmaz. I really appreciate how reliable and responsible Sait and the team are. I know the team has a lot of deadlines coming up and I'm impressed with how well the team is handling their responsibilities with these tight deadlines. The team also keeps impressing me with their ability to quickly respond to any queries raised with adequate information.”

Project finance

“They have full grasp of the lender group environment and very experienced in electricity distribution and retail sales business.”

“They are fully aware of the benefits of the Company and act in favor of the company when they review project finance documents both commercially and from legal perspective.”

“We have been working together in many transactions for a long time together with Clifford Chance, one of the best offices in Turkey in terms of effective communication and quality of work. They have a great team and Sait Eryılmaz leads this team very effectively as a partner. Sait is a very well known professional in his field and he and his team are also very supportive for their clients and they can keep up with tight deadlines.”

“Clifford Chance Turkey's team members are really good at their jobs. They all have the required knowledge and more in their spesific area. Especially Ali Can is great. He assists with every part of the puzzle and ensures that the deal goes on smoothly as planned. I would like to personally thank to him for his endless supports.”

“Clifford Chance, Turkey's significant strength is the outstanding people in the team lead by the partner Sait Eryılmaz. I really appreciate how reliable and responsible Sait and the team are. I know the team has a lot of deadlines coming up and I'm impressed with how well the team is handling their responsibilities with these tight deadlines. The team also keeps impressing me with their ability to quickly respond to any queries raised with adequate information.”

“They take actions very fast and they are hardworking.”

Alican Altiparmak

“Very helpful, talented and reliable.”

“Well- informed and agile.”

“He is very friendly and prompt. very accessible and has deep knowledge on our deal.”

“Very good communication skill, responsiveness and competency.”

“Alican is great. He assists with every part of the puzzle and ensures that the deal goes on smoothly as planned. I would like to personally thank to him for his endless supports.”

“Well- informed and agile.”

Itır Ciftci

“Strong negotiation skills, a good leader with a valuable team, availability and in-depth support, long time experience in the sector and wise advice capability.”

Sait Eryilmaz

“Easy to reach, responsive.”

“Sait is very talented, very responsive lawyer who stands out for his commercial acumen. He is also well experienced in banking finance and provides to the point and solution-oriented advices in the process which are so valuable and vital asset. In addition, he handles stress so well and helps the team keep work in perspective.”

“Sait is very talented, very responsive lawyer who stands out for his commercial acumen. He is well experienced also in project development-infrastructure and provides to the point and solution-oriented advices in the process which are so valuable and vital asset. In addition, he handles stress so well and helps the team keep work in perspective.”

“Sait is very talented, very responsive lawyer who stands out for his commercial acumen. He is also well experienced in project development-energy and provides to the point and solution-oriented advices in the process which are so valuable and vital asset. In addition, he handles stress so well and helps the team keep work in perspective.”

“We have been working together in many transactions for a long time together with Clifford Chance, one of the best offices in Turkey in terms of effective communication and quality of work. They have a great team and Sait Eryılmaz leads this team very effectively as a partner. Sait is a very well known professional in his field and he and his team are also very supportive for their clients and they can keep up with tight deadlines.”
 

“Sait is very talented, very responsive lawyer who stands out for his commercial acumen. He is also well experienced in project finance and provides to the point and solution-oriented advices in the process which are so valuable and vital asset. In addition, he handles stress so well and helps the team keep work in perspective.”
 

Deniz Gocuk

“Hard working, committed, problem solving, in-depth knowledge of both legal matters and commercial matters, very good negotiator.”

Basar Kirka

“Basar is very talented adviser that is very responsive and good at client management. During we work together, he was always very involved to transaction. In addition to this, he can always assist us to reflect our financial positions to the legal documents the way what we preferred. Even in the tough legal & financial discussions, he always develop innovative solutions. He is always a good-listener in order to understand a problem in every aspect so, revert a right feedback to us all-time.”

Gokce is an Istanbul based law firm established in 2010. It’s a member of Interlaw.

Focusses / specialisms

The banking and finance practice assists on financial regulatory issues, capital markets transactions and debt restructuring.

In terms of M&A work the firm focuses on cross-border transactions, with a particular strength in the technology sector.

Key clients

Key clients for the firm include Gram Games, Çelebi Holding, Zaimoğlu Holding, Farasis Energy and Worldpay.

Research period review: 33rd edition (2023/2024) 

During the research period, the banking team took part in financing transactions like project finance, financial restructuring, and asset finance. Capital markets work included derivatives transactions. The team represented banks in restructuring deals. 

The M&A team primarily assisted sellers in cross border transactions. The team was also active in joint ventures and private equity.

Deal highlights: 33rd edition (2023/2024) 

Inofab Sağlık Teknoloji Şirketleri €23 million private acquisition

Client feedback: 33rd edition (2023/2024) 

Investment funds

“Managing the whole process smoothly and on time.”

M&A

“Gokce provides commercial, robust and very timely advice. We are impressed with their speed of turnaround and understanding of the issue at hand. A great all-round service.”

"Gokce's work is very fast, efficient and professional. They also assist us on a retainer basis and we are always very comfortable with leaving important matters in their hands.”

"In Turkey, Gokce Attorney Partnership is well-known for its expertise and experience in technology law. We have worked with different attorneys from Gokce and I have observed that the partnership's culture and values have been adopted by all team members. They all have common values like integrity, being quick, responsive, and being a problem-solver. In our investment round, they solved complicated issues quickly and efficiently.”

Elif Aksöz

“Clear, responsive advice with a commercial understanding.”

Sibel Postacıoğlu

“Very responsive and clear, commercial advice.”

Hasancan Ufak

“He is a very attentive and professional lawyer. He is also trustworthy in the sense that he always ensures that our interests are best protected.”

“Like all the Gokce team, Hasancan is an experienced lawyer compared to same-age peers. With expertise, he also has excellent communication skills. He organised co-founders and investors to finish the investment round process quickly during our investment round.”

Yağmur Yollu

“Responsive and careful.”

Full-service law firm Hansu is based in Istanbul.

Focusses / specialisms 

The firm has a focus on M&A transactions. Industry sector strengths for the firm include mining and energy.

Research period review: 33rd edition (2023/2024) 

During the research period, the firm was particularly active in project development work within real estate.

Client feedback: 33rd edition (2023/2024) 

Investment funds     

“Team is strong, reliable, honest.”

“Networking and connections: Hansu Law Office has a deep understanding of the construction industry and a vast network of contacts that they can leverage to help their clients create strategic partnerships. They have established relationships with key players in the industry, which enables them to quickly identify potential partners and facilitate introductions.”

“Legal expertise: Hansu Law Office has a team of highly skilled lawyers who are well-versed in construction law and understand the complexities of creating partnerships. They can provide expert legal guidance and support throughout the partnership negotiation process, ensuring that all parties are protected and the agreement is fair and equitable.”

“Proactivity and attention to detail: Hansu Law Office is proactive in identifying potential risks and issues that could arise during partnership negotiations. They pay close attention to the details of the agreement and work to ensure that all legal requirements are met, which helps to avoid costly delays and disputes down the line."

Omer Faruk Hansu    

“Ömer Faruk Hansu is an exceptional attorney who demonstrates a deep understanding of the law and a remarkable ability to provide strategic legal guidance to his clients. His positive attributes are numerous, and I could not recommend him more highly. One of Hansu's greatest strengths is his ability to provide innovative legal solutions to complex problems. He has a talent for thinking outside the box and developing creative strategies that help his clients achieve their goals in a cost-effective and efficient manner. In addition to his legal expertise, Hansu is also an excellent communicator. He has a talent for explaining complex legal concepts in a clear and easy-to-understand manner, which helps his clients feel informed and empowered throughout the legal process.”

“Deal-maker. Efficient. Persuasive.”

Hergüner Bilgen Üçer Attorney Partnership is one of the largest law firms in Turkey, with 14 partners across all practice areas. It established in 1989 and is a full-service law firm.

Focusses / specialisms

The firm has the expertise to be primary counsel in international transactions, often working on behalf of international banks to provide creative financing solutions to Turkish projects. The firm provides advice to a range of industries and has a particular expertise in project development and project financing. The firm’s size and experience allow Hergüner to be a one-stop-shop for any legal issue by tailoring teams to fit every matter or budget.

Key clients

Key clients for the firm include Odea Bank, European Bank for Reconstruction and Development, European Investment Bank, the Islamic Corporation for the Development of the Private Sector, International Finance Corporation, Korean KEXIM and K-sure, Bank of China, Istanbul Metropolitan Municipality, Morgan Stanley, SciPlay Corporation, UPS, Maersk, Novartis, Export Development Canada, International Finance Corporation, Isbank, Yapi Kredi Bank, QNB Finansbank, Halk Bank and Ziraat Bank.

Research period review: 33rd edition (2023/2024) 

The banking and finance practice was active in debt restructuring, as well as tender offers, establishing banks and project finance.

In the capital markets area, the firm assisted on innovative markets issues, and equity offerings.

M&A was an active area for the firm, where it assisted in public and private acquisitions, asset transfers and share acquisitions. The team represented both buyers and seller in cross border transactions.

Project development work saw the firm assisting lenders in healthcare construction and operation. Other sectors included energy infrastructure, mining and renewable energy.

Deal highlights: 33rd edition (2023/2024) 

Istanbul Metropolitan Municipality €279 million bond issue

SciPlay Corporation €274 million private acquisition

Client feedback: 33rd edition (2023/2024) 

Banking

“Global and personalised support to our Company. Clear explanations of regulatory changes and legal requirements. Clear instructions on the procedures.”

Capital markets

“Client-centered approach. Speed of providing solutions.”

“They got back to us quickly and made it a seamless transcation, especially as we were facing time constraints.  They explained everything in detail and made the process a better learning experience.”

M&A

“Very professional and service orientated.”

“They are punctual, detail oriented, responsive and easy to collaborate.”

Project development

“HBO is a very professional law firm. They have good knowledgeable lawyers.”

Yesim Apli

“Very quick and professional, smart.”

Bora Başkurt

“Calm, good listener, researcher.”

Serkan Gül

“He is very calm under pressure and a very experienced legal professional who provides positiveness.”

Piraye Kuranel Başol

“Solution-oriented.”

Nazim Olcay Kurt

“Nazim is a very knowledgeable lawyer with years of legal experience. He manages client relationship well; is very keen to support on any issue.”

Şule Uluç

“Always reachable. Examine the topic in depth. Provides solutions.”

“A cheerful, attentive listener.”

“She is very responsive and easy to reach out. She understands the needs of the business and analyses the risks well.”

Inal Law Office is a boutique law firm, with a fast-moving flexible team of 10 lawyers, led by Seyma Inal. Seyma Inal established the firm in 1993.

Focusses / specialisms

The firm works for international and local clients, advising in all manner of financial and corporate queries.

Research period review: 33rd edition (2023/2024) 

During the research cycle, the firm provided banking advice to borrowers for financings and debt restructuring.

KP Law is a corporate law firm based in Istanbul which has a team of more than 40 professionals.

Focusses / specialisms

The firm is active in corporate and M&A.

Key clients

Among the clients of the firm are Diniz Adient, Fomo Games, Aster Tekstil, Cetas Otomotiv, Flokser Tekstil, Oyak Portfoy Max Double Investment, Bodrum Gayrimenkul and Volkswagen Doğuş Finansman.

Client feedback: 32nd edition (2022/2023)

M&A

"KP Law team did an excellent job overall, especially in 3 points, I can say:

1. They are very trained in working cross-borders, with different jurisdictions: While determining the strategy, they helped us take a position according to the risks that might occur in other countries and they managed the legal process in multiple jurisdictions so that the exit conditions were in our favor.

2. They have a highly strategic approach: They led the whole negotiation process very successfully. The tension was really high between the other partner and us, We completed the deal with way better results than we expected, at only 10% of the total possible risk/loss. Without this deal, this business which was having hardships during the pandemic would suffer more with lawsuits for years.

3. They have great teamwork skills; their relations management and responsiveness are beyond the standards. They always act as a trusted partner. We feel very confident working with them."

"The team acted as our legal advisors in closing the transaction where we raised a second round of investment, this time from institutional investors.

They were very meticulous in drafting, review and revision of the Shareholders Agreement and highly creative and constructive in negotiations with the potential investors. The Closing -which consisted of convening two general assemblies, amendment of the articles of association, enforcing the post-closing documentation- was completed seamlessly thanks to the hands-on approach of their senior lawyers.

They were very well compliant with the strict deadlines besides being very much responsive with a strong solution-oriented approach throughout the whole process. They were fully involved and informative during both the negotiation period and the closing procedures as well as the registration process."

Moral & Partners was established in 1968 and rebranded to Moral | Kınıkoğlu | Pamukkale Attorney Partnership. The firm has offices in Istanbul and Izmir and employs 70 people.

Focusses / specialisms

The firm is active in M&A.

Key clients

Among the clients of the firm are Fikri Can Alhas, Mehmet Kemal Unaltuna, Ozan Ozen, Murat Nail Erenay, Doruk Mutlu, Bülent Demirkurt, Taxim Capital, TAB Tovarna Akumulatorskih Baterij and Di̇gi̇tale Bi̇li̇şi̇m Ve Menajerli̇k Hi̇zmetleri̇ Ti̇caret Anoni̇m Şi̇rketi̇.

Client feedback: 32nd edition (2022/2023)

M&A

"I worked with them on a time difference of 11 hours, making that arrangement work speaks volumes about their ability to communicate clearly and on time. They went over and beyond being available late in their day in a couple of instances which helped the process flowing without any delays.

I also appreciated their diligence on our contract with the investor where we had a mixture of stakeholder each with different priorities. Again, they were able to make it work by solving each and every topic with attention to detail and zeal."

"This truly is one of the very few best one-stop-shop in Turkey."

Established in 2022, Özmen Yalçın is an independent law firm based in Turkey. The firm often works alongside prominent international firms.

Focusses / specialisms

In capital markets, the firm has experience assisting publicly held companies with respect to capital markets law compliance and corporate governance, as well as structuring shareholders agreements, share subscriptions and share transfers.

In M&A, the team represent clients as seller and buyer on strategic investors, private equities and venture capitals. The target companies are active in a variety of sectors, including financial services, brokerage, internet, ecommerce, tourism, energy, foods and beverages and manufacturing.

The firm also has specific expertise in project development transactions. It approaches projects from transactional phase and financing through to energy, utilities, real estate and construction.

Key clients

Key clients include Vakıfbank, İş Bank, Ziraat Bank, Türk Eximbank, Yapı Kredi Bankası, Şekerbank, Halkbank, Odeabank, Finansbank, Denizbank, Fibabanka, Alfa Solar,Türkiye Sınai Kalkınma Bankası, Morgan Stanley, Credit Europe, Burgan Bank, Odeabank JP Morgan, HSBC, EBRD, IFC and Goldman Sachs.

Research period review: 33rd edition (2023/2024) 

In M&A the firm acted for investors, sells and buyers in several confidential mandates.  

In the capital markets area, the firm advised more on equity transactions. A significant mandate saw the firm advised QUA Granit for its IPO, which was the largest in the market since 2018, also the highest demand in sales made via stock exchange so far.

The firm was also active in project development, specifically power and infrastructure projects. The deals were in the financial services, energy, real estate, food and beverage, construction and materials sectors.

Deal highlights: 33rd edition (2023/2024) 

Morgan Stanley International €91.4 million financing

Turk Eximbank €457 million bond issue

KIMPUR €33 million IPO

Goldman Sachs, EBRD, Clouse €320 million private acquisition

Yapı Kredi, Halkbank and Vakıfbank €503 million project finance concession

Biotrend Çevre ve Enerji Yatırımları €19 million project development

APEY €183 million project finance

Client feedback: 33rd edition (2023/2024) 

Capital markets

“Positive, taking responsibility, helping clients whenever possible.”

"Strong business know-how. Good networking in capital markets.”

"They have extensive structured finance experience. They are very approachable and always available to help.”

M&A

“They are so professional, have very strong commercial perception, efficient, and we speak the same language.”

Handan Bacioglu

“Cooperative, experienced.”

Ömer Gökhan Özmen

“Good communication skills. Strong business knowledge. Sector experience. Large network.”

"He is so smart and is able to understand the problems very effectively.”

Güneş Yalçın

“He has been in the market long enough to know all the issues around Turkish securitizations and he has acted both for issuers and investors, which is extremely helpful.”

Paksoy is a leading independent Turkish law firm, established in 1997. As one of the largest firms in Turkey, boasting of over 60 dedicated lawyers in sector specific teams, the firm had the opportunity to work on some of the largest deals of 2019.

Focusses / specialisms

The firm regularly advises large international companies on interests in Turkey and assisting in all business matters, particularly in M&A.

Key clients

The firm has advised impressive clients across nearly every sector. The firm advised industry leaders, such as Citigroup, Coca-Cola, JP Morgan, Goldman Sachs, Cisco, Mitsubishi Heavy Industries, TikTok and Deutsche Bank.

Research period review: 32nd edition (2023/2024)

The firm assisted in cross border and local lending, including corporate lending and complex syndicated loan agreements governed under English law.

The firm also worked on project financing, from several sources including traditional bank loans but also bond issuances. In projects, the firm not only assisted in financing, but also in supply agreements and project management.

In capital markets work the firm assisted issuers in innovative bond, including the first ever bond issue by a Turkish municipality. The team also assisted banks in the issuance of lease certificates, securitisations, and international bond issues. In addition, the team was active in capital markets equity with several IPO’s.

The M&A group at the firm was active in managing cross-border acquisitions on both the buy and sell side. It often managed deals in a variety of industries from renewable energy to banking, to manufacturing and pharmaceuticals. The firm also assisted industry players and private equity companies in their acquisitions, joint ventures and mergers.

Project development work range from acquisitions, public procurement offers, and contacts. The group was especially strong in energy transactions ranging from wind, geothermal and nuclear.

Deal highlights: 32nd edition (2023/2024)

Deutsche Bank €921 million sovereign finance

Coca-Cola İçecek €458 million bond/note exchange offer 

Nordex SE project development

Client feedback: 32nd edition (2023/2024)

Banking and finance

“Paksoy has excellent knowledge of all relevant legal issues and a deep understanding of the relevant industry sectors and of the client's needs therein. Paksoy is always responsive and extremely reliable. Paksoy always delivers the highest quality of work within a short time.”

“Very responsive, excellent work product – they know their stuff and can provide easy-to-follow, clear, commercial advice.”

“Paksoy knows the market practice very well and is very responsive to both the clients' and lead counsel's needs. The Paksoy team is very knowledgeable and commercial.”

“Quick solutions, deep technical knowledge, good communication.”

Capital markets

“Helpful and competent.”

“Excellent client service and knowledge of the law and very responsive.”

“The firm showed excellent technical expertise, knowledge and competence. They were also capable of understanding our business needs and institutional constraints, offering practical solutions to help us achieve our objectives and comply with our institutional requirements. We felt supported and in good, solid hands throughout.”

“The law firm is very responsive, meets the deadline and provides very detailed answers to our queries.”

M&A

“Extremely knowledgeable both on the market and the regulatory environment. Easy to work with and prompt.”

“The attorneys at Paksoy were very responsive and thorough in their advice.”

“Responsive, to the point, pragmatic, yet complete.“

“Collaborative. Excellent advisory on local and also market conditions. Knowledge of venture capital partners. Hospitality and facilitation of meetings. Professional representation in negotiation of key topics in SPA. Advisory on course of action to help close the deal. Advisory on complexities related to Turkish law of course, but that was very good.”

“They advise on Turkish law.”

“Very responsive, clear and focused legal advice.”

Very responsive, very knowledgeable (clearly experts in their jurisdiction), professional.”

“Strong leading independent law firm. The lawyers are highly commercially minded, focusing on solutions. The team is approachable, proactive and very responsive.”

Project development

“Paksoy has excellent knowledge of all relevant legal issues and a deep understanding of the relevant industry sectors and of the client's needs therein. Paksoy is always responsive and extremely reliable. Paksoy always delivers the highest quality of work within a short time.”

“On time and on quality, with capacity to work in an international environment.”

Project finance

“Their knowledge, quality and quickness.”

Nihan Bacanak

“She is approachable, responsive and very knowledgeable.”

Ömer Çollak

"Excellence in Turkish legal expertise and flexibility.”

"Remarkable work ethic, outstanding knowledge of relevant CM laws and regulations, extraordinary ability to understand the client's needs and/or constraints.”

Aslı Eryılmaz

“Highly knowledgeable, attentive, responsive and efficient.”

Bülent Öztürk

“Good listener and deep knowledge of the local regulation, alternative solution provider and meets deadlines.”

“Very responsive, took ownership of various aspects of the transaction, kept team on track, good legal knowledge and of industry.”

Beril Paksoy

“Beril Paksoy is an excellent lawyer always delivering the highest quality of work and never missing a deadline.”

Ökkeş Şahan

“Very competent, very friendly and responsive.”

Zekican Samli

“Listening, understanding, alternative solution providing and respecting time constraints.”

Batuhan Sevinç

“Batuhan is an excellent lawyer who always delivers the highest quality of work, never missing a deadline.”

Melisa Sevinç

“Responsive, very knowledgeable.”

Sera Somay

“Sera is an excellent lawyer, always responsive, and with a deep understanding of all relevant industry sectors and of the needs of the clients.”

"Outstanding lawyer. Very experienced in banking and finance. Provides clear, relevant and commercial advice.”

"Sera is very knowledgeable and commercial. Sera is very good in pushing the deal through.”

"She is very intelligent, problem-solving and she has very good understanding of the problems and she quickly finds solutions.”

“Good communication, deep technical ability.”

"Very professional, cost-effective team, responsive, very knowledgeable.”

"Sera is an excellent lawyer, always responsive, and with a deep understanding of all relevant industry sectors and of the needs of the clients.”

"Her knowledge, relationship management and experience.”

“Excellent knowledge of Turkish banking and restructuring laws.”

Pekin & Pekin is a full-service Turkish law established 43 years ago and based in Instanbul. It employs 24 lawyers, including nine partners.

Focusses / specialisms

It is a full-service firm, with experience serving both international and local clients, across industries. The firm has a particular expertise in banking, capital markets, corporate M&A, project finance, project development infrastructure and power work.

Key clients

Among the clients of the firm are Citigroup Global Markets Inc., JP Morgan Securities Plc, BofA Securities, Inc., Société Géneral, UBS, Barclays Capital, Morgan Stanley, Merrill Lynch International, Deutsche Bank AG, Goldman Sachs International and Standard Chartered Bank.

Research period review: 33rd edition (2023/2024)

The firm assisted in cross border and local lending, including corporate lending and complex syndicated loan agreements governed under English law. The firm also worked on project financing, from several sources including traditional bank loans but also bond issuances. In regard to projects, the firm not only assisted in financing, but also in supply agreements and project management.

In capital markets work the firm assisted issuers in innovative bonds, including the first ever bond issue by a Turkish municipality. The team also assisted banks in the issuance of lease certificates, securitisations, and international bond issues. In addition, the team was active in capital markets equity with several IPO’s.

The M&A group at the firm was active in managing cross-border acquisitions on both the buy and sell side. It often managed deals in a variety of industries from renewable energy to banking, to manufacturing and pharmaceuticals. The firm also assisted industry players and private equity companies in their acquisitions, joint ventures and mergers.

Project development work range from acquisitions, public procurement offers, and contacts. The group was especially strong in energy transactions ranging from wind, geothermal and nuclear.

Deal highlights: 32nd edition (2023/2024)

Citigroup Global Markets, Goldman Sachs International, J.P. Morgan Securities €1.8 billion sovereign bond issue

Flutter Entertainment €2 billion private acquisition

Client feedback: 32nd edition (2023/2024)

Banking

“Pekin & Pekin is a leading firm in derivatives transactions in Turkey. They provide ISDA's industry Turkish opinions. They know how derivatives transactions work and understand what we need.”

Capital markets

“As a local counsel for a very fast-moving transaction, the most critical aspects of Pekin's service are their reliability and responsiveness. They have responded in evenings when time zones are not in their favour. They have never been late for a deal deadline. We rely on Pekin to give a Turkish law opinion with respect to the offering documents, diligence government publications in Turkish and to advise on Turkish law aspects of the offering documents such as the underwriting agreement. We know that Pekin will conduct its work in a timely, efficient and accurate manner, and so we have grown to trust their work product.”

Financial services regulatory

“Very proactive/efficient and knowledgeable.”

M&A

“Pekin & Pekin were proactive and gave robust practical advice. They were very responsive and turned advice around in very short timelines.”

"Very responsive and accurate assistance.”

Anil Acar

“Very accurate and responsive.”

Fatoş Otcuoğlu

“Knowledge/ responsive.”

Firat Yalcin

“Responsive, practical and excellent legal knowledge.”

“Serious and responsive lawyer.”

Founded in 2016, TOCC Attorney Partnership is an independent domestic firm based in Istanbul. 

Focusses / specialisms

The firm has expertise in banking and financing work, particularly Islamic and project finance.  

Key clients

Among the clients of the firm are KfW IPEX-Bank, TANAP, TSKB, TAŞYAPI, Nethouse, Türkiye İş Bankası, Türkiye Sınai Kalkınma Bankası, Ziraat Bankası, Vakıfbank and Halkbank, AKLease, Vakıfbank, İş Leasing, ANC International Bank and British American Tobacco.

Client feedback: 32nd edition (2022/2023)

Banking and finance

"Very knowledgeable sharp attorneys."

Turunç has offices in Istanbul, Izmir and Ankara. The firm also has a representative office in Washington D.C.

Focusses / specialisms 

The firm has a focus on banking and finance, debt and equity capital markets and M&A.

Key clients

Among the clients of the firm are BV Crypto, Intetra, İş Investment Trust, Evensen Dodge, BV Portföy, Hopin, Logo Ventures-led investment syndicate, UGC90, beWise and Camper Shoes.

Client feedback: 32nd edition (2022/2023)

Capital markets : Equity

"Many of their lawyers have international backgrounds so their understanding of international norms and standards are first-rate. They're able to provide clear guidance to clients on best practices."

Akol Law is a full-service firm based in Istanbul. It employs 20 lawyers, including four partners.

Focusses / specialisms

The banking practice advises banks and corporate clients in syndicated loans, secured financing and debt restructuring. The team advises both borrowers and lenders in complex cross border deals.

It has a well-recognized M&A group, advising on large cross border transactions. It advises both buyers and sellers. 

In equity capital markets the firm is highly active, working on a large number of IPO’s. Debt capital works sees the firm involved in many Eurobond issues, as well as covered bonds and structured financing.

Projects work includes project development and finance, where on the development side the firm is involved in many of the jurisdiction’s healthcare PPP’s, energy and infrastructure projects. In terms of project finance, the team tends to work on the lender side for banks and financial institutions.

Key clients

Among the clients of the firm are Actera Group, Aygün Cerrahi Aletler, Ekol Ofset, Elekta Solutions, Global Yatırım Holding and Human Care.

Client feedback: 32nd edition (2022/2023)

M&A

"Kindness, calmness"

"Very competent team, including Tugce Tatari, partner and lead on our project, one of the very best M&A lawyers I have ever worked with."

Baspinar & Partners is a corporate law firm.

Focusses / specialisms

The firm advises clients on corporate and M&A work.

Key clients

Among the clients of the firm are Tatex Petrochemcials, Re-Pie Portföy Yönetimi and Seyfettin Ersen Erol.

Client feedback: 32nd edition (2022/2023)

M&A

"Good knowledge of legal framework, English language and our expectations"

Bener Law Office

Established in 2001, Bener Law Office is a full-service firm, based in Istanbul. It employs 32 lawyers, including 15 partners, and is part of several legal networks, including Interlex Group and Globalaw.

Focusses / specialisms

The banking offering at the firm sees the firm advises borrowers on cross-border loans.

The firm is notable for its strengths in M&A, where it advises important clients form a wide range of industries. It has a particular focus on the oil and gas sector.

Key clients

Among the clients of the firm are OMV, Abdi Ibrahim, Sequoia Capital, Tiger, Ejder Kimya, Bahar Ülgen Hasşerbetçi and Esor Investments Holding.

Client feedback: 32nd edition (2022/2023)

M&A

"Very well handled the whole process."

"They provide very detailed and meticulous work with the support of valuable and experienced law professors"

Bezen & Partners was found in 2007. Its headquarters are located in Istanbul and the firm has additional offices in Mersin and Ankara.

Focusses / specialisms

Bezen & Partners focuses on project finance and development work but is also active in the banking, capital markets and M&A areas.

In banking, the firm acts for borrowers and lenders on refinancing, project financing, corporate financing and loans matters.

In capital markets work the firm mainly advises underwriters on bond issues in the debt side and on IPO’s in the equity side.

The M&A team works in sectors like healthcare, oil and gas, energy, consumer goods, infrastructure, financial services and mining. The firm advises joint venture partners, acquirers and sellers. 

In project development the firm represents sponsors, contractors, developers and project companies on energy, infrastructure and oil and gas and PPP projects in healthcare.

Key clients

Among the clients of the firm are European Bank for Reconstruction and Development, Akfen Holding, Akkuyu NGS Elektrik Üretim, Rönesans Holding, Meridiam, BRS Sağlık Yatırım Anonim Şirketi, Steag, Solarpower Elektrik Üretim Anonim Şirketi, Hitachi Zosen Inova, PNE Wind and Public Power Corporation.

Client feedback: 32nd edition (2022/2023)

M&A

"They provide very detailed and meticulous work with the support of valuable and experienced law professors."

Project development : Energy

"No language barrier."

Boden Law Office

Based in Istanbul, Boden Law provides representation in energy, natural resources and infrastructure projects. It was founded in 2008 and is based out of its Istanbul office.

Focusses / specialisms

The firm is active in project development and project finance and M&A, working predominantly in the energy sector. It is also active in the mining and infrastructure.

Key clients

Among the clients of the firm are Gunvor, Aksa Enerji Üretim, Talesun Solar Switzerland, Kolin İnşaat ve Turizm Sanayi ve Ticaret, Steag and OSET, Güçlü Group, Talesun Solar Switzerland, Duckt, Sms Group Metalurji Servis Sanayi ve Ticaret, Aksa Enerji Üretim, Tosyalı Toyo Çelik, APlus Enerji Yatırım Danışmanlık Teknoloji ve Ticaret, Tosyalı Holding, Sanko Enerji Sanayi ve Ticaret and Engie Enerji Ticaret ve Pazarlama and Baymina Enerji.

Client feedback: 32nd edition (2022/2023)

M&A

"Boden Law's managing partner Değer Boden has a unique expertise proves to be invaluable. She gives personal attention to her clients and directs her team in this regard. Değer Boden and her team's first-class work and professionalism make this firm stand out from the other firms. Değer Boden personally attended and guided her team in the key meetings and negotiations. Her team provided unique solutions to the problems during our projects and works with them."

Based in Istanbul, full-service law firm, Bozoğlu İzgi Attorney Partnership, was founded in 2013.

Focusses/specialisms

The firm is known for its M&A and project development work with a particular focus in the energy sector. The firm represents clients in a matter of sectors including pharmaceuticals, energy, and mining.

Key clients

The firm has working relationships with clients such as Merck, AbbVie, Nivea Beiersdorf Turkey, Herbalife Nutrition, LR Health and Beauty, Bayer, FarmaMondo, Excelya Turkey, Bausch and Lomb, Astellas, Santa Farma, Alternatif Enerji and MS Pharma.

Research period review: 32nd edition (2022/2023)  

During the research period, the firm advised in energy project development deals.

Client feedback: 32nd edition (2022/2023)

Banking and finance                                                                                     

"Supportive and meticulous."

Financial services regulatory                                                                                               

"They work with lawyers who are experts in their field. Feedback and communication is very good. They are result oriented and detail oriented."

M&A                                                                                       

"Client and detail oriented. Very knowledgeable in corporate law. They provide a premium service."

"Practical and client oriented."

"They had been leading us well regarding competition rules as well as commercial regulations."

Private equity                                                                                    

"BozogluIzgi Attorney is really responsive and thorough; they are very clear with their assessments and always happy to help with our questions. They have aided us on several corporate matters."

Project development: Energy                                               

"First of all, they have a very dynamic team, they are very experienced in the energy sector and their ability to take action very quickly are the three most important characteristics of the company."

"Their business-minded approach is the most add-value aspect in an M&A process. They have a very good understanding of where our interest really stands. We also appreciate their diligent working style and good command of our legal issues."

Necdet Can Artüz      

"He is generally well versed in the subject. He's a good leader. Very good at coordination. Expert in direct selling. Very good in commercial dispute processes."

"Expert in his field. High communication skills. Evaluation and predictions are on point."

Sevi Bozoğlu

"Practical and client oriented."

Feridun Izgi   

"Always accessible, very proficient in his expertise, high problem-solving skills."

Mehmet Feridun Izgi 

"Always accessible, very proficient in his expertise, high problem-solving skills."

"Commercial-minded lawyer while sticking to ethics of law perfectly. He is very good on competition rules and regulations as well as M&A structurings."

"First of all, he has very strong communication skills and manages the process in a very transparent way."

"Feridun has a client-oriented approach and a very good understanding of what are our business needs. He is a hands-on partner and always follows closely what his team is doing regarding our projects. In addition, his selection of team members assigned our projects has always provided us with positive results."

Fatma Kucuktuncay  

"Very supportive."

"She is very responsive and is always willing to help on our queries."

Çakmak

Established in 1993, Çakmak Attorney Partnership is a full-service firm, based in Ankara and Istanbul. It employs 27 lawyers, including eight partners.

Focusses / specialisms

The standout practice of the firm is project finance and development, with a particular focus on power.

The banking practice often represents lender as well as borrowers and sponsors in project finance transactions.

M&A advises mostly in energy and infrastructure and spans other sectors like telecommunications, healthcare and finance. Advice is given to both buyers and sellers, with a focus on strategic investors.

Key clients

Among the clients of the firm are Bank Julius Baer, Bayerische Landesbank, Ceska Exportni Banka, Assystem, Bluecap Resources, ENGIE, Tatneft Oil, Rönesans and Sonatrach Joint Venture, Rönesans Holding, ERG Group, Turkey Wealth Fund and European Bank for Reconstruction and Development.

Client feedback: 32nd edition (2022/2023)

Project finance

"Very constructive and up to date approach."

Project development : Energy

"They are very responsive, diligent, and make you feel comfortable when you are working with them."

Türkoğlu & Çelepçi in cooperation with Schoenherr is an association between a leading Austrian firm and a Turkish firm. The domestic firm was founded in Istanbul in 2005 and has worked in cooperation with Schoenherr since 2009. The firm employs 20 lawyers, including one partner in Istanbul. Established in Vienna in 1950, Schoenherr has a European network that includes offices in 15 jurisdictions.

Focusses / specialisms

The firm’s core focus in corporate and M&A work, particularly advising foreign clients in their dealings in Turkey.

Key clients

Among the clients of the firm are MT Holding, MT Group Companies-Maxicells İlaç Sanayi Anonim Şirketi, Leoni Group and Lallemand.

Client feedback: 32nd edition (2022/2023)

M&A

“Always available, on the spot advice, pragmatic approach, good industry knowledge.”

Çukur & Partners is a corporate law firm established in 1993 and has offices in Izmir, Istanbul, Ankara and Adana.

Focusses / specialisms

The firm advises clients on equity capital markets, and corporate and M&A.

Key clients

Among the clients of the firm are Europap Tezol Kagit and LUNA.

Client feedback: 32nd edition (2022/2023)

Capital markets : Equity

"During the time we received consultancy services from him, Attorney Ümit Yayla, who is a consultant to Çukur & Partners at the same time, has been a guide with the answers he gave in his field of expertise. With his correct guidance, GEN was able to complete both the initial public offering process and the compliance process required for the electronic general assembly in a short time."

M&A

"With lawyers experienced in the business world, they have advanced skills in analyzing company needs and suggesting solutions. Reachable and relevant for clients, at the same time competent in legislation and successful in litigation."

Durukan+Partners

Established in 2017 Durukan+Partners is a full-service firm based in Istanbul, where it employs 14 lawyers including two partners. It is part of the First Law International Network.

Focusses / specialisms

Despite the firm’s recent establishment, it has a good offering for the size and age of the firm. It is active across financial and corporate law, advising local and international companies in banking and finance, M&A and project development mandates.

On the lender side, the firm primarily represents foreign banks, while borrower side transactions tend to be focused on Turkish companies with multinational shareholdings.

Project development has an expertise in cross border power and infrastructure deals.

Key clients

Among the clients of the firm are Alimentation Couche-Tard, Letterone Group and IMTIS Holdings, Scott Brownrigg and GMW Architects Partnership, China Development Bank, Arab Bank, European Arab Bank, Emaar Libadiye, Emaar Properties, IMTIS Holdings, Letterone Group, Qatalyst Partners, International Finance Corporation, Gebze, Adapazari and Izmir Power Project Companies and Ansaldo Energia.

Client feedback: 32nd edition (2022/2023)

M&A

"Durukan + Partners provides excellent, timely and practical advice."

Restructuring

"Durukan + Partners have provided good assistance and demonstrated realistic commercial solutions and understanding of our business. Advice is well researched and documented."

Established in 1968, Egemenoğlu is based in Istanbul, where it employs over 50 lawyers, including five partners.

Focusses / specialisms

The firm works well across financial and corporate law, with a particular focus on debt restructuring.

M&A and corporate work includes experience in mergers, de-mergers and investments. The team works in cross-border M&A and primarily assists clients on the buy side.

Key clients

Among the clients of the firm are Escar Turizm Taşımacılık Ticaret, Burcu Gıda Konservecilik ve Salça Sanayi, Delivers AI Robotik Otonom Sürüş Bilgi Teknolojileri, Derindere Fleet and Uludağ Türk.

Client feedback: 32nd edition (2022/2023)

Capital markets : Equity

"The experienced team of Egemenoglu managed to set the whole process and systematically worked towards the transaction until it was accomplished. Especially the ability interact effectively with authorities and to comprehend and respond rapidly th eneeds of authorities accelerated the process."

M&A

" Well aware of the relevant laws, advising to protect client's interests and rights, warning client about the negative aspects of the agreements."

Established in 1990, Erdem & Erdem is an independent, full-service firm which includes four international desks.

Focusses / specialisms

The firm works across all transactional practice areas, with a focus on banking and finance work, capital markets, M&A and project development, particularly in infrastructure.

Key clients

Some of the firm's key clients include holding companies, such as Yildrium Holding, who specalises in infrastructure and energy projects. The firm has also advised multiple Turkish banks, such as Türkiye Garanti Bankası, Akbank, Deutsche Bank and HSBC.

Research period review: 33rd edition (2023/2024) 

In terms of banking work, the firm was active in banking, project finance, cross border loans, syndicated financing's and loan restructurings.

The capital markets team assisted bank regarding capital markets legislation.

The M&A team assisted on mergers, multi-jurisdictional acquisitions, and drafting share-purchase agreements.

Project development work included work on PPP’s and regulatory advice in industries like renewable energy, oil and gas and infrastructure.

Deal highlights: 33rd edition (2023/2024) 

QNB Finansbank restructuring

Qazaq Soda €400 million project development

Established in 2016, Ergün Law Firm has offices in Istanbul and Ankara, where it employs nine lawyers, including three partners.

Focusses / specialisms

The firm is active in banking, particularly in financing energy and infrastructure projects. It represents international and local banks.

The M&A team assists clients in distressed M&A, as well as project acquisitions. 

Key clients

Among the clients of the firm are ISS Global and ISS Tesis Yönetim Hizmetleri, Türkiye Kalkınma Ve Yatırım Bankası Anonim Şirketi and Economic Cooperation Organization Trade and Development Bank.

Client feedback: 32nd edition (2022/2023)

Project finance

"The company has a very experienced team in project finance transactions. They are very punctual and always solution-oriented."

Restructuring

"They are the expert of Turkish Law but not also Turkish law- they very well know the requirement/compliance/contradicts related to foreign law especially in terms of project finance and banking law."

Established in 1997, Esin Attorney Partnership is affiliated with Baker Mckenzie International, representing the firm in Turkey. It is based in Istanbul employing over 90 lawyers including 14 partners.

Focusses / specialisms                                                                                                                                       

As one of the strongest firms in turkey, it is active in all areas of financial and corporate law. It is a market leader in banking, capital markets and M&A.

Banking is a prominent area for the firm, where it advises large, international clients, as well as local institutions, as borrowers and lenders, in acquisition finance, securitization, Islamic finance, loans and credit facilities.

The capital markets department is active in debt and equity markets, advising representing underwriters in Eurobond issues and green bonds. The team also advises clients in IPO’s and secondary offerings.

M&A work is a standout area for the firm, working on innovative deals for the jurisdiction on both buyer and sale side transactions.

The projects department is active in fiancé and development, representing sponsors and project companies. Work includes cross-border financing and PPP’s.

Key clients

The firm worked for banks like JP Morgan, Akbank and BNP Paribas. It advised Turkish conglomerate Koc Holding, ICT ICTA and Enerjisa Group.

Client feedback: 31st edition (2020/2021)

Bank lending: Borrower side

"They give 24 hours, 7 days service whenever needed. Their approach and attitude are very professional and kind."

Bank lending: Lender side

"They guide well without leaving any room for questioning further."

Banking and finance

"We are working with Muhsin Keskin as the head of the banking & finance team of Esin Attorney Partnership. He has a deep knowledge of banking and finance law-related matters. He has the ability to address complex situations and explore new structures. Also, while making necessary assessment to find legal solutions, he considers business needs as well. He is a really client-friendly, always accessible, hard-working, professional and disciplined legal adviser with a good attitude. He leads the banking & finance team of the law firm and the team members we are in contact with also display the similar attitudes to Mr Keskin."

Capital markets

"They are extremely up to date about the legislation and procedures. They are well organised, punctual in meeting the deadlines and easy to work with."

Capital markets: Debt

Experienced, knowledgeable, collaborative, accessible."

"They were easy to communicate with; gave clear, accurate information and opinions; were ready to discuss questions or give alternatives; facilitated decision-making; facilitated our contact with London when needed."

M&A

"Very responsive, solution-oriented, great characters to work with, very high integrity and professionalism."

"Very well versed in Turkish corporate law. Very good at analysing and managing interdependencies between corporate, stock listing and anti-trust law."

Project development

"They are quick and make to-the-point comments. They have expertise and good knowledge about the implementations in the sector."

Project finance

"Positive and supportive attitude, diligent work."

Gedik & Eraksoy is a top tier firm in the banking and project finance areas. The firm works in association with international firm Allen & Overy. It is based out of its Istanbul office in Şişli.

Focusses / specialisms

In banking the firm advises lenders and borrowers on loans, refinancing, syndicated loans, project financing, bridge financing and debt restructuring deals. The firm stands out for work on innovative ESG-linked loans.

Key clients

Among the clients of the firm are Tukiye Is Bankasi, Garanti Bank, Citigroup Global Markets Asia, Yapi ve Kredi Bankasi, EBRD and Garanti Bank, International Finance Corporation, Bank of New York Mellon, JPMorgan Securities, UniCredit Bank, Standard Chartered Bank, Merrill Lynch International, Citigroup Global Markets, Aviva Group Holdings, Aegon, Hive Enerji and Prysmian.

Client feedback: 32nd edition (2022/2023)

M&A

"Extremely thorough, flexible, and knowledgeable."

Project finance

"They are well aware of details in not just of a project we are working with, but also other similar PPP projects in the market. So, their views are not solely based on legal perspective, but they also take into account applicability/realistic aspects. They are proactive and they always try to find solutions and/or common grounds etc."

Gide Loyrette Nouel is a corporate law firm with an office in Istanbul for more than 20 years. It’s part of the international law firm Gide Loyrette Nouel which today has more than 500 lawyers spread across 11 offices.

Focusses / specialisms

The firm is active in banking and finance and corporate and M&A.

Key clients

Among the clients of the firm are Türkiye Sigorgota, The Export-Import Bank of China, Société Générale, Union Bancaire Privée, Euler Hermes, Carel Industries, Believe International and Webhelp.

Established in 1996, Güner Law Office operates out of its Istanbul office and a smaller office in Ankara.

Focusses / specialisms

The firm is known for its banking and finance work, as well as its M&A and project development practices. Its banking practice advises lenders and borrowers in loans and trade financing and is also active in project finance.

Key clients

Among the clients of the firm are Limak Çimento Sanayi ve Ticaret and Limak İnşaat, Öksüt Madencilik Sanayi ve Ticaret, Egis Tünel İşletmeciliği, Ferro Corporation, Huhtamäki Holding, Syneos Health and Öksüt Madencilik Sanayi ve Ticaret.

Client feedback: 32nd edition (2022/2023)

Project development : Mining

"Reactive."

PPP/PFI

"Prompt feedback. Proactive approach. Strong background."

Founded in 2011, İçtem Legal is a full-service firm with an office in Istanbul. It is a member of InterLeges a legal alliance with global connections.

Focusses / specialisms

The firm is recognized for its work in banking and M&A.

Banking work includes advice to borrowers and lenders in local and cross-border financing.

Key clients

Notable clients for the firm include Credit Suisse, European Bank of Reconstruction and Development, Turbomach. It also assists Turkish subsidiaries Volvo Financial Services and Danone Group Companies.

Client feedback: 31st edition (2020/2021)

M&A

"Strategic thinking, diligence, responsiveness, execution."

İnal Ünver Attorney Partnership, formerly Inal Kama Avukatlik until October 2020, and prior to that Bilgiҫ Avukatlık Ortaklığı in 2019, is an Istanbul based law firm. It had been the partner firm of global firm Norton Rose Fulbright up until September 2021.

Focusses / specialisms

The banking team is well regarded, advising clients on cross-border financing, loan restructuring and loan issues, as well as Islamic finance.

The M&A team advises on cross border deals. Stand out sector strengths include fintech, green finance and technology.

Key clients

Key clients for the firm include conglomerates like Koç Holding and its subsidiaries Avis Greece, AES Entek and Migors. Other clients include, Sandstorm Gold and Brookfield.

Client feedback: 31st edition (2020/2021)

Bank lending: Borrower side

"They are well equipped and have significant experience in this type of project and therefore are able to provide timely and valuable advice."

Gen & Temizer | Özer is a corporate law firm based in Istanbul. It’s part of the international law firm Kinstellar which established this office in 2010, and also has offices in Almaty, Kazakhstan, Sofia, Bulgaria, Kyiv, Ukraine, Tashkent, Uzbekistan and Zagreb, Croatia. It has more than 350 lawyers spread across all offices of the firm.

Focusses / specialisms

The firm is active across all areas of corporate law and project development.

In banking and finance the firm advises lenders on mostly direct financing and also project financing.

In capital markets it advises on debt and equity capital markets transactions.

In corporate and M&A it advises all sides of the table on acquisitions in various sectors, including technology and telecommunications.

Key clients

Among the clients of the firm are Commerzbank, Partners for Growth and Fund of Problem Loans.

Client feedback: 32nd edition (2022/2023)

M&A

"They know the law and domestic market dynamics very well, and they make it easy for the decision makers focus on commercial points."

Project development : Mining

"They have an excellent understanding of international business and financing projects. Their advice, drafting and negotiation skills are first class."

Based in Istanbul, Kolcuoğlu Demirkan Koçaklı is a full-service firm founded in 2007, that employs approximately 80 lawyers, including eight partners. It is part of several legal associations including South East Europe Legal Group, Energy Law Group and Cathay Associates, to name a few.

Focusses / specialisms

The firm has a notable financial and corporate offering, advising in banking, capital markets and projects. The firm is particularly well known for its Islamic financing and M&A work.

The banking team is very capable, advising clients on complex loan agreements, refinancing deals and project finance.  A notable area of work for the firm is Islamic finance, where it has experience introducing new products to the market. 

The firm known for its M&A practice, where it assists on cross-border deals for local and international clients. It advises buyers and sellers on strategic and private equity acquisitions. 

Projects work stands out of its energy and infrastructure departments. The energy team advises on power, natural gas, renewables and nuclear energy projects. The infrastructure team has good experience with PPP projects, in particular infrastructure related to energy projects.

Key clients

Among the clients of the firm are ORIX, QTerminals, Aquaman and Murat Can Ertöz, Blutv, Ema Kimya, Glencore and TPI Composites.

Client feedback: 32nd edition (2022/2023)

Financial services regulatory

"They are knowledgeable efficient and very responsive."

Private equity

"Well-organized, trustworthy, has a very strong partner in deals on the table, detail-oriented, strategic thinking."

Özbek Attorney Partnership was founded in 1972 and is based in Istanbul.

Focusses / specialisms

The firm is known for its M&A work and it is also recognised in the capital markets area.

The firm advises buyers and sellers in M&A transactions including joint ventures and cross-border M&A. Sector wise, the firm is experienced in working in food & beverage, energy, fintech and technology.

Key clients

Notable clients for the firm include Simona, Affinion, Intelcia group, Sanko Holding and Ferrero.

Client feedback: 31st edition (2020/2021)

M&A

"Besides their utmost legal competence, their language skills and being accessible round the clock (due to time zone differences) are very important, since we do a lot of international work."

"Disciplined and thorough in their work - right level of attention to detail, without getting lost in the big picture - friendly, personable to work with."

"They approach the deal from a risk/value perspective and bring their expertise to the table in a manner for the business to easily understand and relate to. They are knowledgeable, punctual and always attending the client's needs."

Özdirekcan Dündar Şenocak was founded around 25 years ago. It is based in Istanbul and is a full-service law firm.

Focusses / specialisms

The firm’s biggest strength is its M&A practice area. The firm is also active in banking and project finance.

Key clients

Key clients for the firm include BNP Paribas, EBRD, International Finance Corporation and Société Générale Milano.

Özok is a boutique firm established in 2019 by Özgün Özok.

Focusses / specialisms 

The firm has a focus on banking and finance, debt and equity capital markets and M&A. The firm is also particularly active in Islamic finance. Key areas of work for the firm come from the energy, power and real estate sectors.

Key clients

Among the clients of the firm are Emirates Islamic Bank, Gülsan Sentetik Dokuma Sanayi ve Ticaret, Gülsan Holding, Gülpa Pazarlama ve Dış Ticaret and Halk Varlık Kiralama.

Client feedback: 32nd edition (2022/2023)

Financial restructuring

"They are very quick in responding and always try to find a solution for problems."

Pekin & Bayar is one of Turkey's oldest law firms, established in 1946. It has offices spread across Turkey – in Istanbul, Izmir, Ankara and Adana, with 11 partners and 70 lawyers total, making it one of Turkey's largest firms.

Focusses / specialisms

It is a full-service firm, with experience serving both international and local clients, across industries. The firm has a particular expertise in corporate M&A and refinancing transactions, but has also advised in capital markets work.

Key clients

Some of the firm's clientele includes Unifree Duty Free, the British bank RBS and the Czech conglomerate CEZ, as well as Japan’s Nippon Paint.

Research period review: 31st edition (2020/2021)

The banking team assisted lenders in drafting agreements, refinancing, restructuring and project financing agreements.

The capital markets department assisted book runners and agents in a variety of industries, in capital markets work. In addition, the team represented controlling shareholders in the IPO of Arzum.  

In terms of M&A work the team at the firm represented buyers and sellers in joint ventures, share acquisitions.

Deal highlights: 31st edition (2020/2021)

Arzum IPO

Project Zen

Client feedback: 31st edition (2020/2021)

M&A

“During unprecedented times of the pandemic, they have done their outmost to negotiate between partners on a virtual setting and were of highest ethical lead in the process.”

“Prompt actions, keeping dead-lines, professional, providing estimates / fixed prices as required, good project management and assistance.”

“Very competent and friendly, good response times.”

Ergin Mizrahi

“He is very business-focused and strong in helping in difficult litigation and dispute resolution issues: He can easily understand client needs and provide effective legal options. Overall, he is very attentive and efficient.”

Ferhat Pekin

“He is very client-focused, has depth knowledge in corporate law and can provide creative solutions.”

Senem Golge

“Extremely efficient and service minded. On top of matters from over all perspectives and down to details. A pleasure to work with and a very good help in long-term projects with her assistance to the project manager, not only on the legal side but also for her administration and for moving projects forward.”

Selin Bayar

“Selin's relentless approach to problem solving, ethical view and her knowledge in the clients' need is impeccable.”

Pelister Atayilmaz Enkur is a Turkish law firm based in Istanbul.

Focusses / specialisms 

The firm has a focus on corporate and M&A. The firm has expertise in the energy and natural resources sector. The firm also has experience in cross-border transactions.

Key clients 

Key clients of the firm include Cigna Corporation, Cigna Finans Emeklilik (Life and Pension), Koc Holding,  Kummler Matter, Alpiq Intec, Vera Capital, Hapimag, Ralph Lauren, Expedia, Hotels.com, Dyson, Vodafone, Terex, SoftwareOne, Asia Pulp and Paper, Datalogic, ANC Nutrition, Teknasyon Yazilim, CCL Label GmbH and Overseas for Water.

Sayin Law & Consulting is a full-service law firm based in Istanbul.

Focusses / specialisms 

The firm has a focus on project development and actively serves clients in the oil and gas sector. The firm assist clients in buying-selling, trade and contracts and restructuring projects

Key clients

Key clients of the firm include SOCAR, TP Petrol Dağıtı, Total Oil, Milan Petrol Dağıtım and Itelligence Bilgi Sistemleri.

Client Feedback: 31st edition (2020/2021)

Asset finance

"Have been in the business for 55 years."

Investment funds

"Updates about energy market regulations."

M&A

"Sayin Law has strength across all key pillars of law of contracts besides energy law. As a law firm that has strength across country, they provided us with consultancy during our overseas purchases and all related contractual relations. The firm's contract law expertise is equally comprehensive as their energy law expertise. As a law firm, they are well experienced in petrochemical issues and they helped in most practical ways that allowed us to comply with the local legislations and regulations of Turkey. As a German-Turkish owned company, local and international experience is crucial for us. Diversity is what brings Sayin Law to the fore. With their deep bench that has strength across country, they can provide legal service everywhere in Turkey. They are strengthening their collaboration every day and that team spirit reflects credit on their work. Keeping this spirit is important especially while growing. "

Project development: Energy

"Sayin Law & Consulting has a team which has lots of skill sets such as analytical and creative thinking. Although it is hard to get easy-scannable reports and informative annotations while doing such business, they do a good job to deliver the work ideally. It is important to reach quick annotations and answers from our affairs while doing such important work in the oil & gas industry. In this sense, because the young associates of Sayin Law & Consulting are quick-thinkers and ambitious, they have a collaborative and coherent team to deliver immediate delivery. The most important innovative feature that distinguishes Sayin Law & Consulting from other law firms is risk calculation techniques. Especially for our company, it is important to be able to anticipate the negative effects of legal cases. Sayin Law & Consulting makes a significant contribution to our company's ability to see financial risks by making risk analyses as close to the possible outcome in terms of each lawsuit. "

"Sayin law firm works very professionally - our corporation has been working with this team since the beginning of 2020 and we are pleased about their working style. The lawyers are solution-oriented. As a lawyer, I am very strict with my work discipline and with the Sayin Law & Consulting, I work with the lawyers who have the same work discipline as me. In case of a crisis, when I communicate with them I always get quick feedback. I always trust their solutions because they perform deep work in each case. "

"They are always very direct, honest and informative in their approach. Through their extensive experience, they are quite impressive in recognising potential risks and pitfalls in legal proceedings. We are completely satisfied in all aspects of our collaboration. Although our company serves in the energy sector, it tries to make a difference in the sector with technological initiatives in accordance with today's requirements. In this direction, it is a law firm that has the competence in the field of informatics and provides the integrity of representing us safely with its expertise in the field of energy law. Sayin Law has a structure that complies with all these requests. For this reason, Sayin Law is different from other law firms. They have a vision ready for the era and the future. With their fast legal solutions and their constant support, they enable us to take a safe path in our initiatives. The happiest point at Sayin Law is that we have been working with the same lawyers for a long time. There is a practical approach. Although Sayin Law gets closer to the market at some points in terms of wages, it may remain high from time to time. On the other hand, we do not hesitate to work with them due to their transparency in invoicing the services provided and the quality of the service received. The innovative structure of our company shows itself mostly in the field of technology. In this direction, it is important to meet and integrate with each of our business partners on the same ground. Sayin Law, in order to provide us with legal consultancy services all over the world, shows this with video conferences, various legal softwares and information and report presentations. "

"We have been working with Sayin Law & Consulting for three years. Founding partner Murat Sayin is a key name in the energy practice area. We can clearly say that Mr Sayin and his team managed the process very well in many of the projects that are important for us. We are always fascinated by the responsiveness of its associates. Sayin Law & Consulting has deep legal knowledge and understanding of complex legal projects. Sayin Law & Consulting provides the best legal service with its associates in several cities in Turkey. Sayin Law & Consulting makes up-to-date reports on litigation and execution proceedings. We specifically make use of energy law bulletin that covers current issues related to the energy sector. "

"As the group manager, determining the risks of our company and determining the measures that can be taken within the scope of these risks are important for me. In this context, receivables of a company affect the financial statements. In this direction, I rely on Sayin Law for the rapid progress and follow-up of the current legal processes. Detailed reports that they prepared in every format requested, guide our prospective commercial plans. Sayin Law's extensive knowledge of the energy sector enables us to get a legal consultancy that we always need. In addition, Sayin Law provides us in-house legal assistance by recruiting associates. Thus, we have the opportunity to work closely and effectively. Especially law firms working in the private sector cannot provide daily consultancy services effectively. By the energy bulletin they published and their constant publications in LinkedIn allow us to follow up every innovation and change. I am very satisfied with our cooperation with Sayin Law. Sayin Law enables us to instantly access all kinds of documents and information requested with monthly reports. The fact that Sayin Law has a wide circle of acquaintances and is in collaboration with the best lawyers and professors in Turkey, is just one of the reasons we prefer them. "

"Sayin Law's on-point consultation and rapid responses create an environment of trust through all the process whenever we need their legal services."

Founded in 2016, Selvi & Ertekin is an Istanbul based law firm.

Focuses/ Specialisms

The firm has a strong focus on project finance work. The project finance team has experience in wind energy and bioenergy sectors. The team is also experienced in Islamic finance, advising Islamic banks in financing projects.

Key clients

Important clients for the firm includeAkbank, Development Bank of Turkey, Türkiye Kalkınma ve Yatırım Bankası, and Yapı ve Kredi Bankası.

Research period review: 32nd edition (2022/2023)

The banking and finance team advised in project financing deals, advising banks on loans, restructuring, EPP projects, and Islamic finance, focusing mainly on energy projects involving wind and biogas projects.

M&A work saw the firm assisting buyers in connection to acquisitions for local and international clients. 

Tunç Firat Dereli is a full-service independent law firm based in Istanbul.

Focusses / specialisms

The banking and finance team at the firm is well versed in advising local and international clients. It provides advice to issuers, underwriters, borrowers and lenders in transactions

M&A advisors at the firm are experienced in advising local and international clients in transactions. Typically assisting middle market entities, the team has particular experience in the energy sector.

Project development work for the firm includes advice to international and local clients in public procurement and PPP contracts, concession agreements and land acquisitions.

The Restructuring and insolvency team at the firm advises in corporate rescue, insolvency and distressed companies. It represents debtors and creditors.

Key clients

Key clients include Akfen Holding, Akfen Renewables, Acacia Mining Operations, GE Gas Power, Vakiflar Bank, Albioma, TWL Holding, Power Europe, Serbest Energy, Enerco Energy, Kaolin Mining, Karadeniz Holding, Power Europe, GKE Energy, Alba Mühendislik Müşavirlik İnşaat, Borusan ENBW Energy, Alfa Consult, Alcas Metal Sanayi, and Garanti Koza İnşaat Sanayi ve Ticaret.

Research review period: 32nd edition (2022/2023)

Over the research period, the banking department was busy in financial restructuring and project finance transactions. It mostly advised local debtors and creditors in deals. The firm took part in complex financial restructuring agreements involving multiple borrowers and lenders.

During the research period, the M&A team advised buyers in acquisitions in the energy sector.

The project development team advised international and local investors in matters related to EPC contracts, public procurement, and licenses. Sectors primarily focused on were construction, energy and social infrastructure.

The restructuring and insolvency team advised debtors and creditors in a variety of proceedings, including companies sin the liquidation process, corporate rescue and insolvency proceedings.

Deal highlights: 32nd edition (2022/2023) 

Alcas Metal debt restructuring

Aydos Wind Power plant

Faktör Yapı corporate rescue

Istanbul potable water pipeline

Client feedback: 32nd edition (2022/2023) 

Banking and finance                                                                                     

"The team is very professional. The follow up and quality of work is excellent."

Financial restructuring                                                                                             

"They are able to stay neutral and provide agreements that are agreeable to all parties."

M&A                                                                                                                                                   

"They are very experienced in the Turkish energy market "                                                                 

"They possess exceptional industry sector knowledge and combine legal excellence with a larger business understanding to produce tailored advice. They are also very diligent, responsive and adaptive to client's needs."

Medet  Çınar  

"Mr Çınar can think outside the box and offer creative solutions due to his in-depth legal know-how." 

"Very personable and diligent."

Zeynel Tunc  

"Responsive, diligent, practical."         

"Diligent. Hard working.  Very good communication skills."     

"Professional, accommodating client's needs, responsive, business orientated. His attitude towards the matters and problems at hand is so calm and secure that it creates the feeling that one can leave the matter to him and he will safely take care of it."

Yazici Attorney Partnership is a full-service law firm with offices in Ankara and Istanbul.

Focusses / specialisms 

The firm has a focus on project development where key work comes from the oil and gas sector. The firm advises on various industries, including renewable energy, mining, industrials and manufacturing,technology and telecommunications.

Key clients

Among the clients of the firm are Marsa Turkey, Akdaş Döküm Sanayi ve Ticaret, BNP Paribas, Societe Generale, London Branch and ING European Financial Services.

Client feedback: 32nd edition (2022/2023)

Restructuring

"They are familiar about our Company and our Group Company for a very long time; and have the whole history and memory about us."

YBK Yalçın Babalıoğlu Kemahlı Law Firm in cooperation with CMS is a member firm of CMS. The firm has desks in Germany and the UK.

Focusses / specialisms 

The firm has a focus on banking and specalises in cross-border financing projects. The firm advises borrowers and lenders. Industry sector strengths for the firm include real estate, infrastructure and manufacturing.

Key clients 

Key clients of the firm include Raiffeisen Bank International (RBI), Erste Group Bank, Denizbank (Turkey) and (Austria), Zıraatbank, Yapı Kredi Bank Nederlands, Internationales Bankhaus Bodensee, Vakıfbank and Südwestbank.

Research period review: 32nd edition (2022/2023)  

During the research period, the firm was busy advising clients in banking, equity capital markets and M&A.

Client feedback: 32nd edition (2022/2023)

Banking and finance                                                                                     

"Prompt response, helpful advise, good structure of LO."

Alaz Eker Ündar        

"Prompt response, helpful solutions, good advice."

.

Cantez & Partners is a corporate law firm founded in 2015 and based in Ankara.

Focusses / specialisms

The firm is active in project development.

Client feedback: 32nd edition (2022/2023)

Banking and finance

"With their dominance in all phases of the project, they complete the process without our intervention. In addition, the effect of persuasion abilities on the other party and the solution of the issues."

Project development

"They are always well responsive to our needs. They provide detailed explanations / clarifications to our questions as our legal counsel."