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Turkey > Law firm and leading lawyer rankings

Editorial

DOING BUSINESS IN TURKEY

Contributed by Goksu Safi Isik Attorney Partnership

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Why to do business in Turkey

a- Basic Country Facts

Turkey is a democratic, secular and constitutional republic. The capital of Turkey is Ankara, whereas Istanbul is the city where most of the corporate transactions take place in. The official language is Turkish and the currency is Turkish Lira. Turkey has slightly over 80 million citizens, with a significant young population aged between 15-24.

b- Key attractions for Investment
  • Turkey is geographically located between Europe and Asia and it connects the two continents not only in terms of logistics or transportation but also serves as an energy corridor between the two continents and as such an energy hub for both regions.
  • Read more…

Legal market overview

More than a year after the attempted coup in Turkey, the M&A market is showing signs of recovery, with investors from the Middle East and Asia – including China and Malaysia – continuing to drive investment into Turkish real estate, energy and construction projects. However, the political instability led to the closure of many companies and factories, which in turn caused an increase in collective dismissals and employment-related disputes.

In April 2016, the first data protection law in Turkey came into force, making data protection compliance a hot topic across all practice areas. Another notable development is the enactment of the new IP law in January 2017, which compiles and clarifies the application of all IP rights and abolishes IP-related decree-laws.

The ever-dynamic legal market saw White & Case Europe Danışmanlık Hizmetleri Avukatlık Ortaklığı end its official alliance with Ankara-based Çakmak Avukatlık Ortaklığı but maintain its affiliation with Istanbul-based GKC Partners. Elsewhere, Chadbourne & Parke Danismanlik Hizmetleri Avukatlik Ortakligi entered a combination agreement with Norton Rose Fulbright, which retains its association with Bilgiç Attorney Partnership.

Full-service powerhouses Esin Attorney Partnership, Member of Baker & McKenzie International, a Swiss Verein and Balcıoğlu Selçuk Akman Keki still dominate the market, but smaller firms such as Kolcuoglu Demirkan Koçakli and Moroglu Arseven are increasingly visible in significant matters.

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